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February 24th, 2017 - Market Drivers February 24, 2017 RBA's Lowe - hard to say AUD is overvalued USD/JPY drop below 112.50 Nikkei -0.45% Dax -0.33% Oil $54/bbl Gold $1256/oz. Europe and Asia: GBP BBA Mortgage Approvals 44.7K vs. 41.9K North America: CAD CPI 8:30 USD New Home Sales 10:00 The dollar dribbled lower in end of week London trade today with USD/JPY dipping below...

February 22nd, 2017 - Market Drivers February 22, 2017 UK GDP misses IFO improves Nikkei -0.01% Dax 0.10% Oil $54/bbl Gold $1238/oz. Europe and Asia: EUR GE IFO 111 vs. 109.6 GBP UK GDP 0.7% vs. 0.6% GBP UK Business Investment -1.0% vs. 0.0% North America: CAD Retail Sales 8:30 USD Existing Home Sales 10:00 Major pairs were mixed in haphazard FX dealing during Asian and ...

February 21st, 2017 - Market Drivers February 21, 2017 EZ PMI's improve Carney -- Nikkei 0.66% Dax 0.48% Oil $54/bbl Gold $1231/oz. Europe and Asia: EUR EZ PMI Composite 56.0 vs. 54.3 GBP UK PSNB -9.8B vs. -14.4B North America: USD Flash PMI 9:45 On the first full trading day of the week, after a holiday in North America, the dollar found a fresh bid in Asian and early Lon...

February 15th, 2017 - Market Drivers February 15, 2017 UK Labor data misses on wages USDJPY Stalls at 114.50 Nikkei 1.03% Dax 0.41% Oil $53/bbl Gold $1227/oz. Europe and Asia: GBP UK Avg. Earning 2.6% vs. 2.8% GBP UK Unemployment 4.8% vs. 4.8% North America: USD CPI 8:30 USD Retail Sales 8:30 USD Yellen Testimony 10:00 UK labor data came in mixed today taking cable below...

February 14th, 2017 - Market Drivers February 14, 2017 UK Inflation runs cold ZEW misses Nikkei -1.13% Dax -0.02% Oil $53/bbl Gold $1230/oz. Europe and Asia: GBP UK CPI 1.8% vs. 1.9% EUR Flash GDP 0.4% vs. 0.5% EUR ZEW 10.4 vs. 15 North America: USD PPI 8:30 USD Yellen Testimony 10:00 The pound was clobbered in morning London trade today by weaker than expected CPI readi...

February 13th, 2017 - Market Drivers February 13, 2017 Japanese GDP misses on headline USDJPY takes out 114.00 Nikkei 0.41% Dax 0.49% Oil $53/bbl Gold $1231/oz. Europe and Asia: JPY GDP 0.2% vs. 0.3% North America: No data USDJPY bolted out of the gate at the start of week’s trading, gapping higher at the Asian open as it rose to take out the 114.00 figure my mid morning...

February 10th, 2017 - Market Drivers February 10, 2017 Chinese Trade Data beats big UK Data all upside Nikkei 2.49% Dax 0.46% Oil $53/bbl Gold $1225/oz. Europe and Asia: CNY Trade 51.35B vs. 47B GBP UK Trade 10B vs. -11.5B GBP UK IP 1.1% vs. 0.2% GBP UK MP 2.1% vs. 0.5% North America: CAD Employment 8:30 USD U of M Final 9:55 The dollar continued to power it's way highe...

February 9th, 2017 - Market Drivers February 9, 2017 Cable bursts higher RBA's Lowe does not jawbone Nikkei -0.53% Dax 0.21% Oil $53/bbl Gold $1243/oz. Europe and Asia: AUD NAB Business Confidence 5 vs. 6 North America: USD Weekly jobless claims 8:30 It’s been a quiet night of trade in the FX market with most of the majors contained to very tight ranges as the economic c...

February 8th, 2017 - Market Drivers February 8, 2017 JGBs hit their highest yields FX pairs steady Nikkei 0.51% Dax 0.14% Oil $51/bbl Gold $1237/oz. Europe and Asia: No Data North America: CAD Housing Starts 8:15 NZD Cash Rate 3:00 It’s been an extraordinarily quiet night of trade in FX with pair contained to very narrow ranges as the buck was slightly higher against th...

February 7th, 2017 - Market Drivers February 7, 2017 RBA keeps rates on hold GE IP plunges Nikkei -0.35% Dax 0.27% Oil $53/bbl Gold $1231/oz. Europe and Asia: AUD RBA rate 1.5% EUR GE Industrial Production -3.0% vs. 0.2% GBP UK Halifax HPI -0.9% vs. 0.2% North America: USD US Trade Balance 8:30 CAD Canadian Trade 8:30 CAD Ivey PMI 8:30 The dollar was broadly stronger...

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