GCM Asia – Market Analysis

07 August 2020                  Morning Session Analysis Pound surged over the hawkish sentiment. The Pound Sterling surged to five-month high against the US Dollar following the Bank of England provided hawkish tone toward the economic progression in the United...

06 August 2020                  Afternoon Session Analysis   Aussie slips amid worsening coronavirus in Victoria. During late Asian session, the Aussie dollar which traded against the greenback and other currency pair have experience fresh selling pressure and fell...

06 August 2020                  Morning Session Analysis US Dollar slumped amid the negative job data. The dollar index which gauge against a basket of six major currency pair slumped over the backdrop of the negative job data on yesterday. According to Automatic Data...

05 August 2020                  Afternoon Session Analysis   Dollar extend retreat amid ongoing recovery concerns. The dollar index which traded against a basket of six major currency pair remains weak and fell during late Asian session as hopes of U.S recovery from...

05 August 2020                  Morning Session Analysis Aussie surged over the monetary statement. The Australian Dollar surged over the hawkish statement from the Reserve Bank of Australia. According to the Australia’s Monetary Policy Statement, the central bank...

04 August 2020                  Afternoon Session Analysis   Dollar paused as investors await stimulus deal. The dollar index which traded against a basket of six major currency pairs have halted its recovery and slip during late Asian session as upbeat economic data...

04 August 2020                  Morning Session Analysis Pound slumped over the negative economic outlook. Pound Sterling slumped over the concerns of a second wave of coronavirus infections, weak economy and growing tensions to strike a post-Brexit trade deal before...

03 August 2020                  Afternoon Session Analysis   Japanese Yen slips following the release of Q1 GDP. The Japanese Yen have fell against the dollar and other currency pairs during late Asian session after the recent release of Japan GDP in the first...

03 August 2020                  Morning Session Analysis   Brexit deadlock remains pressured on pound. Pound sterling which acts as one of the major currency dipped in early trading session today as Post-Brexit negotiation remains stalled as there are gaps in Brexit...

30 July 2020                        Afternoon Session Analysis Kiwi struggles amid mixed sentiment. The New Zealand Kiwi which traded against the greenback and other currency pairs have failed to extend its previous upside momentum and fell during late Asian session...

30 July 2020                        Morning Session Analysis US Dollar slumped amid dovish statement from Fed. The dollar index which gauge its value against a basket of six major currencies slumped over the dovish statement from the Federal Reserve in the early...

29 July 2020                        Afternoon Session Analysis   Aussie rose following upbeat CPI data. The Aussie dollar which traded against the greenback and other currency pairs have regain some support and appreciated after the positive release of CPI. According...

29 July 2020                        Morning Session Analysis US Dollar fall over the U.S. economic worries. The dollar index which gauge its value against a basket of six major currencies slumped over the backdrop of negative economic data from the United States on...

28 July 2020                        Afternoon Session Analysis Japanese Yen extend rally following heightening risk aversion. During late Asian session, the safe-haven Japanese Yen continue to extend its gains relentlessly against the greenback and other currency...