Articles

March 27th, 2017 - Market Drivers March 27, 2017 USDJPY nears 110.00 support IFO Beats Nikkei -1.44% Dax -0.69% Oil $47/bbl Gold $1257/oz. Europe and Asia: EUR IFO 112.3 vs. 111 North America: No Data The dollar tumbled across the board at the start of week’s trade, as markets reacted to President’s Trump failure to pass the healthcare reform act, with traders now co...

March 22nd, 2017 - Market Drivers March 22, 2017 USDJPY nears 111.00 Commdollars sell off sharply Nikkei -2.13% Dax -0.78% Oil $50/bbl Gold $1247/oz. Europe and Asia: EUR EU Current Account 24B vs. 31B eyed North America: USD Existing Home Sales 10:00 Risk off flows intensified in Asian and early European trade today with USD/JPY dropping towards the 111.00 figure as yi...

March 21st, 2017 - Market Drivers March 21, 2017 Euro clears 1.0800 UK CPI hotter, cable runs through 1.2450 Nikkei -0.34% Dax -0.04% Oil $50/bbl Gold $1231/oz. Europe and Asia: GBP UK CPI 2.3% vs. 2.1% North America: CAD Retail Sales 8:30 UK inflation data printed much hotter than anticipated pushing cable through the 1.2450 level in morning London trade while euro was...

March 20th, 2017 - Market Drivers March 20, 2017 Pound clears 1.2400 G-20 fails to agree on free trade Nikkei closed Dax -0.32% Oil $48/bbl Gold $1232/oz. Europe and Asia: AU Westpac survey 111.9 vs 113.9 North America: CAD Wholesale Sales 8:30 It’s been a very quiet start of trade for the FX market today with Japan out on holiday and global economic calendar essential...

March 17th, 2017 - Market Drivers March 17, 2017 Pound eyes 1.2400 EZ Trade data misses Nikkei -0.35% Dax -0.09% Oil $49/bbl Gold $1228/oz. Europe and Asia: EUR Trade Balance 20B vs. 24B eyed North America: USD Industrial Production 9:15 USD U of M 9:50 FX markets were quiet on the final trading day of the week, as most of the majors consolidated in narrow ranges after ...

March 15th, 2017 - Market Drivers March 15, 2017 Pound pops on news that Scottish referendum may not take place UK Labor data mixed Nikkei -0.16% Dax 0.24% Oil $48/bbl Gold $1202/oz. Europe and Asia: GBP UK Claimant Count 11K North America: USD Retail Sales 8:30 USD Core CPI 8:30 USD Fed Funds Rate 14:00 USD Fed Presser 14:30 The dollar remained on the back foot ahea...

March 13th, 2017 - Market Drivers March 13, 2017 USD retreats Cable takes out 1.2200 Nikkei 0.15% Dax 0.16% Oil $48/bbl Gold $1207/oz. Europe and Asia: JPU Tertiary Industry Index 0.0% vs. 0.2% North America: No Data It’s been a typically quiet start of the week in the FX market as currency traders gear up for the critical FOMC rate decision this Wednesday, March 15. I...

March 10th, 2017 - Market Drivers March 10, 2017 UK Data misses USDJPY Takes out 115.00 Nikkei 1.48% Dax 0.65% Oil $49/bbl Gold $1196/oz. Europe and Asia: GBP UK MP -0.9% vs. -0.6% GBP UK Trade Balance 10.8 vs. 11.1B North America: USD Non Farm Payrolls 08:30 CAD Employment 08:30 It’s been a typically quiet NFP night in the FX market but marked by some unusual flows ...

March 9th, 2017 - Market Drivers March 9, 2017 Chinese inflation cooler Macron leads in 1st round ECB on tap Nikkei 0.34% Dax -0.24% Oil $49/bbl Gold $1204/oz. Europe and Asia: CNY CPI 0.8% vs. 1.7% North America: ECB Rate Decision 07:45 ECB Presser 08:30 USD Weekly Jobless 08:30 CAD Capacity Utilization 08:30 It been a quiet calm night of trade in the currency ...

March 8th, 2017 - Market Drivers March 8, 2017 Chinese Trade turns to deficit Dollar bid continues Nikkei -0.47% Dax 0.35% Oil $53/bbl Gold $1213/oz. Europe and Asia: CNY Trade -9B vs. 25B North America: USD ADP 08:15 CAD Housing Starts 08:30 The dollar remained bid in quiet European trade today with USDJPY once again recovering the 114.00 figure while both euro and ...

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