Market news

Show news:


12.07.2019 15:21

USD: The US could abandon the 'strong USD policy'; risk of direct intervention - BofAML

Bank of America Merrill Lynch Global Research flags the risk of the US administration abandoning the 'strong USD policy.' 

"We have noted President Trump's frequent comments against the strong USD in recent weeks. His statements about the USD are becoming more frequent and more targeted, and are combined with increasing attacks on other central banks for doing too much and the Fed for doing too little. We see a risk of further escalation of such USD rhetoric and even direct currency intervention, as the US economy is weakening and the USD is overvalued, which should put a ceiling on the USD for now. However, we also see a risk that the Trump administration may decide to abandon the "strong USD policy," which would not violate G20 commitments and could be a game changer. We do not believe the historically low FX vol is pricing such risks," BofAML argues.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

  • Fitch Ratings retained Japan's sovereign ratings at 'A'
  • Earnings Season in U.S.: Major Reports of the Week
  • New car registrations in the European Union fell in June
  • Australia's leading index improved in June, but remained consistently negative - Westpac
July 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
22
23
24
25
26
27
28
29
30
31

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00