GCM Asia – Market Analysis

210220 Afternoon Session Analysis

21 February 2020                              Afternoon Session Analysis   Pound sterling recovers as Retail Sales delivers. Pound sterling managed to recoup its losses on yesterday following the release of bullish data from United Kingdom. As of writing, pair of...

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210220 Morning Session Analysis

21 February 2020                               Morning Session Analysis Yen slumped as rising number of the virus cases in Japan. The Japanese Yen slumped amid to unease grows about the rising number of the coronavirus cases in Japan, which dialling down the market...

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200220 Afternoon Session Analysis

20 February 2020                               Afternoon Session Analysis   AUD plunged after China cut interest rates. Australian dollar plunged to fresh 11-years low after People’s Bank of China (PBOC) announced to cut their interest rates. As of writing, pair of...

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200220 Morning Session Analysis

20 February 2020                               Morning Session Analysis Dollar index surged as positive economic data. Dollar index surged over a backdrop of the positive data from the United Stated region. According to Census Bureau, U.S. Building Permits for last...

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190220 Afternoon Session Analysis

19 February 2020                              Afternoon Session Analysis   Euro droops amid downbeat economic data. Among all of the major currencies market, euro currency refused ‘wake up’ from bearish, recording the lowest level in two years on yesterday. Euro...

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190220 Morning Session Analysis

19 February 2020                              Morning Session Analysis     Dollar remain strong amid virus concerns. The dollar index which traded against a basket of six major currency pairs have rose during early Asian trading session following concerns about the...

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180220 Afternoon Session Analysis

18 February 2020                               Afternoon Session Analysis AUD slips after RBA adopts dovish stance. Australian dollar slipped against the US dollar following the release of Reserve Bank of Australia’s (RBA) meeting minutes during Asian trading session....

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180220 Morning Session Analysis

18 February 2020                               Morning Session Analysis Yen fell following the negative data was released. Japanese Yen received significant bearish momentum yesterday over the backdrop of the negative GDP data from the Japan region. According to...

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170220 Afternoon Session Analysis

17 February 2020                               Afternoon Session Analysis Dollar hovered amid inconsistent market sentiment. Dollar index which gauge its value against a basket of six major currencies was traded fat near the 4 months high level after US announced a...

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170220 Weekly Analysis

17 February 2020                   Weekly Analysis   GCMAsia Weekly Report: February 17 – 22 Market Review (Forex): February 10 – 15 US Dollar Greenback extended its gains during last week as market participants remains optimistic with regards to US economic...

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170220 Morning Session Analysis

17 February 2020                               Morning Session Analysis EUR/USD slumped amid to bleak data. EUR/USD extend its losses on last Friday over the backdrop of the bleak data from the European region. According to Statistisches Bundesamt Deutschland, the...

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140220 Afternoon Session Analysis

14 February 2020                              Afternoon Session Analysis   Japanese yen in bid as coronavirus spreads. Japanese yen held onto its gains during Asian trading session on Friday following renewed worries with regards to coronavirus outbreak. On yesterday,...

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140220 Morning Session Analysis

14 February 2020                               Morning Session Analysis Dollar firms higher on positive U.S inflation data. The dollar index which traded against a basket of six major currency pairs continue to edge higher during early Asian trading session following...

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130220 Afternoon Session Analysis

13 February 2020                              Afternoon Session Analysis   Aussie dollar slumped, all eyes on Hubei. Australian dollar extended its losses from prior high level after China’s Hubei province reported a sharp jump in the number of new cases of...

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130220 Morning Session Analysis

13 February 2020                               Morning Session Analysis Yen slumped amid to positive prospect for the coronavirus. Japanese Yen sagged on yesterday amid diminishing fears upon the coronavirus, which stoked a shift in sentiment toward the riskier asset...

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