Canada / New Zealand Articles

February 22nd, 2017 - Behind the U-Turn in EURO Daily FX Market Roundup 02.22.17 Just as we feared, hawkish Federal Reserve meeting minutes failed to give the dollar the swift kick upwards that bulls had been desperately waiting for. The dollar ticked up briefly after the minutes were released but gave up its gains quickly despite U.S. policymakers seeing the need for a hike “fa...

February 21st, 2017 - Dollar – Will the Fed Minutes Give it the Kick it Needs? Daily FX Market Roundup 02.21.17 After a tough week, the U.S. dollar rebounded against all of the major currencies, extending gains that started when U.S. markets were closed for Presidents Day on Monday. USD/JPY traded as high as 113.78 before settling the day just under those levels. The dollar’s...

February 17th, 2017 - How Long will USD and GBP Defy Fundamentals? Daily FX Market Roundup 02.17.17 There was very little consistency in the performance of the U.S. dollar this past week with the greenback trading lower versus the Japanese Yen, steady against all of the other major currencies except for sterling. On a percentage basis, the changes were small but given how far the ...

February 16th, 2017 - The Dollar’s Counterintuitive Price Action Daily FX Market Roundup 02.16.17 The U.S. dollar continued to fall despite another round of better than expected U.S. data. This counterintuitive price action has many investors confused but the greenback is clearly taking its cue from yields which pulled back today after rising for 5 days in a row. Housing starts ...

February 15th, 2017 - Dollar U Turns After Data, Here’s Why Daily FX Market Roundup 02.15.17 The U.S. dollar ended the day unchanged to lower against all of the major currencies. For many, this performance is surprising considering the strength of the latest U.S. economic reports, the new highs in U.S. stocks and rise in Treasury yields. Consumer spending, inflation and manufact...

February 14th, 2017 - Dollar Pops on Yellen, March Hike Still in Play Daily FX Market Roundup 02.14.17 The U.S. dollar traded higher against all of the major currencies today after Fed Chair Janet Yellen said, “waiting too long to tighten would be unwise,” adding later that “every FOMC meeting is a live meeting. Going into her testimony, some investors expected less enthusia...

February 13th, 2017 - How FX Traders are Positioning for this Week’s Top 5 Events Daily FX Market Roundup 02.13.17 Don’t let this quiet start to the new trading week fool you because it is going to be a very busy one in the foreign exchange market. The main focus will be Fed Chair Janet Yellen’s semi-annual testimony on the economy and monetary policy on Wednesday but GDP,...

February 10th, 2017 - Will Yellen Help or Hurt the Dollar? Daily FX Market Roundup 02.10.17 After nearly a month of losses, the U.S. dollar ended the week steady to higher against all of the major currencies. U.S. data was mostly better with the trade balance narrowing slightly, jobless claims falling and import prices rising. Consumer sentiment however soured in the month of Feb...

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 - Dollar Pops as Bulls Smell Tax Cut, Abe/Trump Meeting Next Daily FX Market Roundup 02.09.17 Thanks to President Trump’s promise to announce “something phenomenal on taxes in the next 2 to 3 weeks,” the U.S. dollar along with U.S. stocks and bond yields soared. For the past few days, forex traders have been waiting for a catalyst to take USD/JPY out of i...

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