GCM Asia – Market Analysis

29 October 2020                Afternoon Session Analysis   Dollar soars amid U.S election uncertainty, COVID-19 During late Asian session, the U.S dollar which traded against a basket of six major currency pairs have skyrocketed as safe-haven demand boosted by...

29 October 2020                Morning Session Analysis New lock-down measures, Euro dipped into 1-week low. The pair of EUR/USD slumped significantly to one-week lows amid news of lockdowns in Germany and France in order to curb a sharp rise in Covid-19 infections,...

28 October 2020                                Afternoon Session Analysis   Euro fell following news of lockdown. During late Asian session, the Euro which traded against the dollar and other currency pairs have experience tremendous pressure and plunged following...

28 October 2020                Morning Session Analysis Dollar surged amid hopes upon the coronavirus economic relief faded. The Dollar Index which traded against a basket of six major currencies pairs extend its gains on yesterday amid diminishing hopes upon the...

27 October 2020                                Afternoon Session Analysis   Yen rose following rising U.S – China tension. The Japanese Yen which traded against the dollar and other currency pair have rose during late Asian session amid rising tension between the U.S...

27 October 2020                Morning Session Analysis US Dollar surged on risk-off sentiment. The Dollar Index which traded against a basket of six major currencies pairs surged on yesterday amid the risk-off sentiment in the FX market following the Covid-19 cases...

26 October 2020                                Afternoon Session Analysis   Dollar rebound amid virus spurred safe-haven demand. During late Asian session, the dollar which traded against a basket of six major currency pairs have regained support and rebound as...

26 October 2020                Morning Session Analysis Pound slumped amid bearish economic data. Pound Sterling slumped on last Friday over the backdrop of a string of downbeat economic data from the UK region. According to Markit Economics, the U.K. Composite...

23 October 2020                Afternoon Session Analysis Pound plummets as no-deal Brexit remains high. During late Asian session, the pound sterling which traded against the dollar and other currency pairs have fell as experts warned the display of brinkmanship from...

23 October 2020               Morning Session Analysis   Dollar rebound amid likelihood of stimulus aid remained uncertain. Dollar index which gauge its value against a basket of six major currencies ticked up after hitting the lowest level in seven weeks as market...

22 October 2020                Afternoon Session Analysis Dollar reversing loses while eyes on U.S stimulus. During late Asian session, the dollar which measured its value against a basket of six major currency pair have slowly recoup its losses and rebound as the...

22 October 2020               Morning Session Analysis   Pound skyrocketed amid optimism of Brexit’s talk. Pound sterling which acting as the major currencies in the FX market was managed to extend its gains while hitting the highest level in seven weeks amid Brexit...

21 October 2020                Afternoon Session Analysis Aussie recoup losses following Retail Sales data. During late Asian session, the Aussie dollar which traded against the greenback and other currency pairs have manage to bounced off from one-month low and rose...

21 October 2020                                Morning Session Analysis   Dollar plunged while markets continue eye on stimulus talk. Dollar index which gauges its value against a basket of six major currencies faced huge threw-off pressure while hitting the one month...