Canada / New Zealand Articles

November 29th, 2016 - Dollar Snaps Back on Strong Data But…. Daily FX Market Roundup 11.29.16 When the U.S. dollar pulled back on Monday, we said dollar bulls remain in control and today they took USD/JPY above 113. The greenback had originally traded higher against many of the major currencies but its rally fizzled into and after the European close. The latest U.S. economic rep...

November 29th, 2016 - Market Drivers November 29, 2016 Dollar recovers in EU trade UK Lending data better Nikkei -0.27% Dax -0.00% Oil $46/bbl Gold $1186/oz. Europe and Asia: EUR EZ Business and Consumer Survey 106.50 vs. 107 GBP UK Mortgage Approvals 67.5K vs. 65K North America: USD US GBP 8:30 It’s been a subdued night of trade in the currency market with most of the ...

November 28th, 2016 - Don’t be Fooled by the Dollar Daily FX Market Roundup 11.28.16 Don’t be fooled by the performance of the U.S. dollar today because the uptrend remains intact. The dollar may have declined versus the Japanese Yen and commodity currencies but it remains strong against the euro, Swiss Franc and British pound. Most importantly, today’s rebound in U.S. bonds ...

November 25th, 2016 - Is it Time to Sell US Dollars? Daily FX Market Roundup 11.25.16 In a matter of 3 weeks, the U.S. dollar appreciated more than 6 percent versus the Japanese Yen and nearly 4 percent versus the euro. The Dollar Index reached its highest level in 13 years but the dream run in the dollar met resistance on Friday after making an unexpected push higher that took USD/...

November 22nd, 2016 - Dollar Bulls Remain in Control Daily FX Market Roundup 11.22.16 Don’t be mistaken by the mixed performance of the U.S. dollar today because dollar bulls remain in control. Dips in the greenback have been shallow with the dollar making a run for its 6 month high versus the Japanese Yen and hitting a fresh 9 month high against the Swiss Franc. We’ve seen ver...

November 21st, 2016 - Why Euro is Still Headed to 1.05 Daily FX Market Roundup 11.21.16 The Euro rebounded against the U.S. dollar today for the first time in 11 trading days, ending the longest stretch of EUR/USD weakness since January of 2015. The recovery was driven by profit taking on long dollar positions and the pullback in U.S. yields. Ten year German bund yields also edged ...

November 18th, 2016 - Will the Dollar Lose Steam Ahead of US Holidays? Daily FX Market Roundup 11.18.16 November is shaping up to be the best month for the U.S. dollar in 2 years. The greenback is up over 5% against the Japanese Yen and more than 3% versus the euro. The dollar’s strength can be attributed to 2 main factors and they both boil down to a positive current and future ou...

November 17th, 2016 - Yellen Spares the Dollar, Sends it to New Highs Daily FX Market Roundup 11.17.16 Fed Chair Janet Yellen spared the U.S. dollar today by avoiding any talk about her discomfort with the recent surge in U.S. yields. Going into her joint testimony on the economy and monetary policy, many investors expected the Fed Chair to be confirm that rates are rising in Dece...

November 16th, 2016 - 3 Reasons Why the Dollar is Running Out of Gas Daily FX Market Roundup 11.16.16 While the U.S. dollar traded higher against most of the major currencies today, the NY session was marked by profit taking on long dollar positions. With the exception of the NASDAQ, U.S. equities retreated and along with the move in the greenback this has many investors wondering i...

November 14th, 2016 - Is EURO 1.05 and USDJPY 110 Next? Daily FX Market Roundup 11.14.16 It’s a new trading week and the U.S. dollar has hit fresh multi-month highs against the euro, Japanese Yen, Swiss Franc and Canadian dollars. Rather than fading, the momentum continued with the greenback also trading higher versus sterling and the New Zealand dollar. The only currency that out...

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