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February 6th, 2017 - 3 Reasons Why USD/JPY Sank to 2 Month Lows Daily FX Market Roundup 02.02.17 The big story in the foreign exchange market today was USD/JPY and its quick slide below 112. The currency pair has fallen 5 out of the last 6 trading days with the latest wave of weakness taking USD/JPY to its lowest level since November. We can identify at least 3 reasons for the pe...

February 3rd, 2017 - The Twists and Turns in the Dollar Post NFPs Daily FX Market Roundup 02.03.17 We saw an unusual amount of volatility in USD/JPY over the last 24 hours as the greenback ended Friday higher against the Japanese Yen. The twists and turns in the dollar were directly caused by the struggle between economics and politics. This morning, a weaker than expected labor ma...

February 2nd, 2017 - Dollar Bulls Banking on Good Payrolls Daily FX Market Roundup 02.02.17 The price action in the forex market today tells us that dollar bulls are banking on a good non-farm payrolls report on Friday. The greenback, which traded as low as 112.05 against the Japanese Yen during the NY session ended the day much closer to 113. Lower than expected jobless claims...

February 1st, 2017 - Dollar Tanks, Fed Fails to Deliver, BoE Next Daily FX Market Roundup 02.01.17 To the disappointment of investors looking for renewed hawkishness from the Federal Reserve, the central bank failed to deliver causing USD/JPY to tumble from a high of 112.65 to a low of 112.80. Ten year Treasury yields also turned negative briefly after rising as much as 5bp. Althou...

January 31st, 2017 - Dollar: Trump Jawboning vs. Fed Tightening Daily FX Market Roundup 01.31.17 The U.S. dollar traded sharply lower ahead of this year’s first Federal Reserve monetary policy announcement. Softer than expected data contributed to the weakness but more importantly investors are nervous about President Trump’s push for a lower currency. Without using the word...

January 27th, 2017 - Why the Dollar Could Breakout Next Week Daily FX Market Roundup 01.26.17 The first trading week of the lunar New Year will be a busy one for forex traders and the potential for big moves or breakouts will be exacerbated by holidays in China, Hong Kong and Singapore. Having come off the first week of Donald Trump’s Presidency we got a taste of how committed he...

January 26th, 2017 - USD/JPY Hits 115, Catch-up Begins Daily FX Market Roundup 01.26.17 Dollar bulls are back in control and they have taken the buck higher against all of the major currencies. In yesterday’s note we said the greenback was lagging and not diverging from U.S. equities and rates but that divergence came to an end today with the currency breaking sharply higher. U...

January 25th, 2017 - Is the Dollar Decoupling with Stocks and Bonds? Daily FX Market Roundup 01.25.17 Over the past few months we have seen strong correlations between the U.S. dollar, U.S. yields and U.S. stocks but today, as the Dow Jones Industrial Average climbed above 20,000 for the first time, the greenback barely budged. Treasury yields responded appropriately, extending the...

January 23rd, 2017 - Trump’s Border Tax is Good for the Dollar But… Daily FX Market Roundup 01.23.17 The Trump rally is disappearing. Since the beginning of the year the U.S. dollar index is down close to 3% and while the S&P 500 is still up for the year, the Dow is turning negative. Additionally, ten year Treasury yields have fallen sharply, dropping as much as 8bp at the s...

January 20th, 2017 - Trump is President and for Dollar Every Day Matters Daily FX Market Roundup 01.19.17 Donald Trump is now officially the President of the United States, the most powerful country in the world and from here on forward for the next 100 days, every day matters. Investors will be watching Trump’s initial executive actions closely. His inauguration speech was fo...

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