Daily Market Recaps Articles

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 15th, 2017 - Market Drivers March 15, 2017 Pound pops on news that Scottish referendum may not take place UK Labor data mixed Nikkei -0.16% Dax 0.24% Oil $48/bbl Gold $1202/oz. Europe and Asia: GBP UK Claimant Count 11K North America: USD Retail Sales 8:30 USD Core CPI 8:30 USD Fed Funds Rate 14:00 USD Fed Presser 14:30 The dollar remained on the back foot ahea...

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 - Market Drivers March 13, 2017 USD retreats Cable takes out 1.2200 Nikkei 0.15% Dax 0.16% Oil $48/bbl Gold $1207/oz. Europe and Asia: JPU Tertiary Industry Index 0.0% vs. 0.2% North America: No Data It’s been a typically quiet start of the week in the FX market as currency traders gear up for the critical FOMC rate decision this Wednesday, March 15. I...

March 10th, 2017 - Dollar - Only Temporary Profit Taking Post Payrolls Daily FX Market Roundup 03.10.17 Investors took profits on their long U.S. dollar positions on the back of Friday’s non-farm payrolls report. Job growth was solid and the unemployment rate improved but average hourly earnings grew less than anticipated. With the U.S. dollar rising as much as it had ahead o...

March 10th, 2017 - Market Drivers March 10, 2017 UK Data misses USDJPY Takes out 115.00 Nikkei 1.48% Dax 0.65% Oil $49/bbl Gold $1196/oz. Europe and Asia: GBP UK MP -0.9% vs. -0.6% GBP UK Trade Balance 10.8 vs. 11.1B North America: USD Non Farm Payrolls 08:30 CAD Employment 08:30 It’s been a typically quiet NFP night in the FX market but marked by some unusual flows ...

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 9th, 2017 - Market Drivers March 9, 2017 Chinese inflation cooler Macron leads in 1st round ECB on tap Nikkei 0.34% Dax -0.24% Oil $49/bbl Gold $1204/oz. Europe and Asia: CNY CPI 0.8% vs. 1.7% North America: ECB Rate Decision 07:45 ECB Presser 08:30 USD Weekly Jobless 08:30 CAD Capacity Utilization 08:30 It been a quiet calm night of trade in the currency ...

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...

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