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Forex Attack Team
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The Forex Attack Team researches and publishes thought-provoking news, analysis, and opinion pieces on the global financial markets. We provide in-depth coverage of forex, commodities, and indices.
WHO Reports Record Single Day Climb in Coronavirus Cases
The World Health Organization (WHO) reported a one-day high in global coronavirus infections, with Iran and Indonesia reporting their deadliest days yet.
UK June PMI Data Points to Strong Construction Turnaround
The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index beat market expectations handily, jumping to 55.3 in June from 28.9 in May.
DXY Weaker in Asian Session, Slips Below 97.00
The greenback slides following the holiday weekend in the United States on increased risk-on sentiment. As of this writing the Dollar Index has fallen...
AUD/USD Bulls Hold Ground Despite Gap Lower on Open
AUDUSD opens the week with a downside gap to 0.6932, currently around 0.6939, from Friday’s close near 0.6942. It only took about an hour...
The Beige Book
What is The Beige Book?
The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It...
BOE’s Bailey: Negative Rates Pose Significant Challenges to Lenders
According to a story carried by the Sunday Times, the Bank of England (BOE) Governor Andrew Bailey has written a letter to lenders. In it Bailey...
ECB’s Lagarde Warns Disinflation Possible as Crisis Transforms Economic Models
Speaking about alternative growth models at a webinar on Saturday, the European Central Bank (ECB) President Christine Lagarde said that a falling trend in price pressures...
EUR/USD under pressure amid coronavirus concerns
Heading into a long holiday weekend in the United Sates, the Euro is struggling to top 1.125. This comes among Coronavirus cases surging in...
GBP/USD Continues Within Range Since Late March
For 70 straight trading days Cable has been ranging between 1.2074 and 1.2810. Currently in a mild upswing, though battling a strengthening greenback and...
IMF Talks Stall as Financial Implosion Looms for Lebanon
Lebanon had been in talks with the IMF for a $10 billion bailout to overhaul its economy after its local currency lost some 80%...