Canada / New Zealand Articles

March 28th, 2017 - GBP: Trading Article 50 Brexit Trigger & Dollar Turn Daily FX Market Roundup 03.28.17 Will tomorrow’s Brexit Article 50 trigger be much ado about nothing for the British pound? Judging from the recent price action of sterling, many FX traders believe that invoking Article 50 of the Lisbon Treaty is an inevitable formality. Prime Minister May’s decision...

March 27th, 2017 - Will USDJPY Hold 110? Here are 3 Reasons Why It Could Daily FX Market Roundup 03.27.17 The U.S. dollar fell to a 4 month low against the Japanese Yen today, extending a decline that has taken the greenback lower for 8 out of the last 9 trading days. Friday was the first positive one since March 10th and now that 110 is reached (USDJPY fell within 10 pips of t...

March 24th, 2017 - US Fiscal Policy, UK Brexit Trigger Pose Big Risks for FX Daily FX Market Roundup 03.24.17 It was a tough week for the U.S. dollar. A number of Federal Reserve officials were scheduled to speak but none of then said anything to help the greenback, which had been falling since the central bank raised interest rates last week. The calendar was light leaving the U...

March 22nd, 2017 - USD/JPY Bounces Off 111, Euro Tests 1.08 Daily FX Market Roundup 03.22.17 In the last 48 hours, risk aversion has swept through the foreign exchange market sending all of the major currencies lower. USD/JPY was hit the hardest with the currency pair extending its losses below 111. Although it traded as low as 110.73, it ended the NY trading session above the ro...

March 20th, 2017 - Forex - Top 5 Things to Watch this Week Daily FX Market Roundup 03.20.17 Compared to the last 2 weeks when there were a number of central bank rate decisions and other key events, this SHOULD be a quieter period for the foreign exchange market. The key word however is SHOULD because low volatility hinges on the U.K. delaying Brexit for another week. There also...

March 17th, 2017 - GBP – On Brexit Watch This Week Daily FX Market Roundup 03.20.17 Who would have thought that when the Federal Reserve raised interest rates by 25bp, the U.S. dollar would tank? But that was exactly what happened this past week as the greenback tumbled against all of the major currencies. Investors began unwinding their long dollar positions ahead of the rat...

March 16th, 2017 - GBP Pops on BoE Dissent, USD Remains Heavy Daily FX Market Roundup 03.16.17 The best performing currency today was sterling, which shot higher on the back of the Bank of England’s monetary policy announcement. Although recent data has been weak and policymakers noted that there were few signs of growth slowdown and wages are softening, the talk in the centr...

March 15th, 2017 - EUR/USD Breaks 1.07 on Yellen, Dutch Elections Daily FX Market Roundup 03.15.17 The Federal Reserve raised interest rates for the first time this year by 25bp and the U.S. dollar tanked. To the casual market watcher, this price action would be counterintuitive but for those of us who knew the market wanted unambiguous hawkishness from Fed Chair Janet Yellen, w...

March 14th, 2017 - Dollar – Should You Trade or Fade FOMC? Daily FX Market Roundup 03.14.17 The Federal Reserve is gearing up to raise interest rates for the first time in 2017 and instead rising, U.S. yields fell, dragging USD/JPY down with it. However the dollar did not fall against other major currencies – instead it appreciated versus EUR, GBP, AUD, NZD and CAD. This p...

March 13th, 2017 - Forex Outlook - How to Prepare for Wild Wednesday Daily FX Market Roundup 03.13.17 We may be nearing the end of the third quarter but this week will be one of its most important weeks. The Federal Reserve is widely expected to raise interest rates for the first time in 2017, there’s a general election in the Netherlands, G20 Finance Ministers and Central Ba...

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