Daily Market Recaps Articles

January 17th, 2017 - Market Drivers January 17, 2017 Dollar weakness sends USDJPY to 113.00 UK Inflation hotter Nikkei -1.48% Dax -0.69% Oil $53/bbl Gold $1216/oz. Europe and Asia: GBP UK CPI 1.6% vs. 1.4% EUR GE ZEW 16.6 vs. 18.3 EUR GE ZEW Current Situation 77.3 vs. 65.0 North America: USD Empire Manufacturing 9:30 It’s been an active night of trade in Asia with c...

January 13th, 2017 - Will Dollar Stabilize Ahead of Trump Inauguration? Daily FX Market Roundup 01.13.17 The first two weeks of the year has been marked by profit taking in the U.S. dollar, U.S. stocks and short Treasury trades. Investors unwound their Trump trades after enjoying strong gains at the end of 2016. Donald Trump had the opportunity to revive the rally in stocks and ...

January 12th, 2017 - Dollar Extends Losses as Trump Trade Unwinds Daily FX Market Roundup 01.12.17 The U.S. dollar extended its losses today as investors continued to unwind their Trump trades. With just over a week until his inauguration they hoped that Donald Trump would spend some time outlining the scope of his infrastructure plans. Unfortunately the President-elect failed to...

January 12th, 2017 - Market Drivers January 12, 2017 Dollar weakness persists as 114.00 given EZ IP better Nikkei -1.19% Dax -0.55% Oil $52/bbl Gold $1204/oz. Europe and Asia: EUR EZ IP 1.5% vs.0.5% North America: USD Weekly jobless 8:30 CAD New Housing Index 8:30 Evans, Lockhart, Bullard, Harker all on deck The dollar dump continued in Asian and early European trade wit...

January 11th, 2017 - Market Drivers January 11, 2017 Dollar finds small bid Europe Cable touches 1.2100 figure after Trade deficit widens Nikkei 0.33% Dax 0.29% Oil $51/bbl Gold $1188/oz. Europe and Asia: GBP UK IP 2.1% vs. 0.8% GBP UK MP 1.3% vs. 0.5% GBP UK -12.1B vs. -11.2B North America: Trump presser 11:00 The dollar was mildly in early European trade today as US yi...

January 10th, 2017 - Dollar Marks Time Before Trump Daily FX Market Roundup 01.10.17 The U.S. dollar traded heavy throughout the North American session even as it only ended the day lower versus the Japanese Yen and Australian dollar. With no U.S. economic reports released today, the back and forth in U.S. rates prevented any meaningful moves in the currency as the greenback rec...

January 10th, 2017 - Market Drivers January 10, 2017 Dollar sell off hard in Asia AU Retail Sales miss Nikkei -0.79% Dax -.20% Oil $52/bbl Gold $1184/oz. Europe and Asia: AUD AU Retail Sales 0.2% vs. 0.4% CNY CPI 2.2% vs. 2.3% North America: CAD Housing Starts 8:30 Dollar came under very heavy selling pressure in early morning Asia trade with USD/JPY dropping to within 20...

January 9th, 2017 - Has the U.S. Dollar Peaked? Daily FX Market Roundup 01.09.17 With every tick lower in the U.S. dollar, investors are wondering if the greenback has peaked. After a tremendous rally in 2016, the mighty buck has struggled to extend its gains and is fumbling hard at the start of this new trading week. With no major U.S. economic reports scheduled for release unti...

January 9th, 2017 - Market Drivers January 09, 2017 Brexit rhetoric heats up and cable suffers JPY triggers stops below 117.00 Nikkei closed Dax -.45% Oil $53/bbl Gold $1177/oz. Europe and Asia: AUD New Building Approvals 7.0% vs. 4.6% EUR GE Industrial Production 0.4% vs. 0.6% EUR EZ Unemployment 9.8% vs. 9.8% North America: No data Rosengren speaks 10:00 Evans speaks 1...

January 6th, 2017 - What is the Dollar’s Outlook Post Payrolls? Daily FX Market Roundup 01.06.17 Friday's U.S. jobs report was not only strong enough to prevent the dollar from sinking below 115 against the Japanese Yen but also hot enough to take the currency pair above 117. Economists were looking for job growth to fall to 175K but instead non-farm payrolls increased by only ...

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