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March 9th, 2017 - Forex - ECB Over, Non-Farm Payrolls Preview Daily FX Market Roundup 03.09.17 The U.S. dollar extended its gains ahead of Friday’s non-farm payrolls report. Expectations for job growth have increased to 200K from 175K with investors positioning for a strong number. USD/JPY closed in on 115 as AUD/USD tested 75 cents and the market’s reluctance to break thes...

March 8th, 2017 - ECB Preview – Will Draghi Help or Hurt Euro? Daily FX Market Roundup 03.08.17 Thanks to strongest increase in private payrolls since April 2014, the U.S. dollar extended its gains against all of the major currencies. ADP reported a 298K rise in corporate payrolls in February, which was not only higher than the previous month but also significantly better than...

March 6th, 2017 - Will the Strong AUD Worry RBA? Daily FX Market Roundup 03.06.17 It has been a quiet start to what will surely be a busy week in the foreign exchange market. There are two monetary policy announcements, China’s trade balance, Canada and the U.S.’ labor market reports on the calendar. USD/JPY remains stuck near 114 and its inability to rally is surprising so...

March 3rd, 2017 - What Could Derail the Dollar Rally? Daily FX Market Roundup 03.03.17 What a great week it has been for the U.S. dollar! The greenback took in gains against all of the major currencies, rising more than 2% versus sterling, the New Zealand and Canadian dollars. Key levels were broken all around with EUR/USD testing 1.05, USD/JPY hitting 114.50 GBP/USD cracking 1....

March 2nd, 2017 - EURO Breaks 1.05, AUD Tops Out Daily FX Market Roundup 03.02.17 For the past few weeks, our daily notes have focused on the U.S. dollar because the market’s appetite for greenbacks dictated how all other currencies moved. This remains true today as the dollar extended its gains against all of the major currencies. Yet it is also worth noting that the run-u...

March 1st, 2017 - Dollar Bulls Back in Control, GBP Crashes Daily FX Market Roundup 03.01.17 Dollar bulls are back in control today with the greenback trading higher against all of the major currencies. USD/JPY traded as high as 114 before retracing to end the day below that key level. However there’s no question that the trend for the dollar has shifted as the market final...

February 28th, 2017 - USD/JPY Verticalizes Ahead of Trump & Bank of Canada Daily FX Market Roundup 02.28.17 It was another topsy-turvy day in the foreign exchange market with the U.S. dollar spending most of the day trading lower. However at the close, comments from Fed Presidents Dudley, Williams and Harker sent the greenback soaring. Harker and Dudley are voting members of the ...

February 27th, 2017 - Dollar See-Saws on Trump Comments Daily FX Market Roundup 02.27.17 U.S. and U.K. politics dominated currency flows on the first day of trading in the last week of February. One of the biggest event risks this week was suppose to be U.S. President Trump’s speech before the joint session of Congress Tuesday evening but he preempted the main event by pre-announc...

February 24th, 2017 - USD/JPY Crashes Below 112, Trump-Yellen Next Week Daily FX Market Roundup 02.24.17 For the past two weeks investors have been scratching their heads over the underperformance of the U.S. dollar. Data has been good, the U.S. economy is improving and practically every Federal Reserve official who had an opportunity to speak said rate hikes are coming. So why has...

February 23rd, 2017 - Sterling Pops, Dollar Struggles Daily FX Market Roundup 02.23.17 The U.S. dollar continued to struggle as investors sold the greenback, taking it lower against all of the major currencies. The problem lies in yields, which extended its losses despite relatively healthy U.S. data. Although jobless claims ticked up to 244K from 238K, the overall level of unemplo...

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