Daily Market Recaps Articles

March 8th, 2017 - Market Drivers March 8, 2017 Chinese Trade turns to deficit Dollar bid continues Nikkei -0.47% Dax 0.35% Oil $53/bbl Gold $1213/oz. Europe and Asia: CNY Trade -9B vs. 25B North America: USD ADP 08:15 CAD Housing Starts 08:30 The dollar remained bid in quiet European trade today with USDJPY once again recovering the 114.00 figure while both euro and ...

March 7th, 2017 - Market Drivers March 7, 2017 RBA maintains steady tone Dollar mildly bid in Europe Nikkei -0.17% Dax 0.13% Oil $53/bbl Gold $1223/oz. Europe and Asia: AUD RBA Keep rates steady 1.5% EUR GDP North America: USD Trade Balance 08:30 CAD Trade Balance 08:30 CAD Ivey PMI 10:00 The dollar caught a bid in early European trade today with USDJPY clearing the ...

March 6th, 2017 - Will the Strong AUD Worry RBA? Daily FX Market Roundup 03.06.17 It has been a quiet start to what will surely be a busy week in the foreign exchange market. There are two monetary policy announcements, China’s trade balance, Canada and the U.S.’ labor market reports on the calendar. USD/JPY remains stuck near 114 and its inability to rally is surprising so...

March 6th, 2017 - Market Drivers March 6, 2017 Alain Juppe rules out running EUR tumbles Risk aversion weighs on USDJPY Nikkei -0.46% Dax -0.50% Oil $53/bbl Gold $1232/oz. Europe and Asia: AUD AU Retail Sales 0.4% vs. 0.4% EUR EU Retail PMI 49.9 vs. 50.1 North America: USD Factory Orders 08:30 The euro went for a ride on the first trading day of the week popping to a h...

March 3rd, 2017 - What Could Derail the Dollar Rally? Daily FX Market Roundup 03.03.17 What a great week it has been for the U.S. dollar! The greenback took in gains against all of the major currencies, rising more than 2% versus sterling, the New Zealand and Canadian dollars. Key levels were broken all around with EUR/USD testing 1.05, USD/JPY hitting 114.50 GBP/USD cracking 1....

March 3rd, 2017 - Market Drivers March 3, 2017 UK PMI Services misses EUR perks up on Macron Jupe news Nikkei -0.49% Dax -0.21% Oil $52/bbl Gold $1228/oz. Europe and Asia: GBP UK PMI Services 53.3 vs. 54.1 EUR EU Retail Sales 1.2% vs. 1.6% North America: USD ISM Non Manufacturing 10:00 USD Yellen and Fischer speak 13:00 Cable continued it slide lower in morning Lond...

March 2nd, 2017 - EURO Breaks 1.05, AUD Tops Out Daily FX Market Roundup 03.02.17 For the past few weeks, our daily notes have focused on the U.S. dollar because the market’s appetite for greenbacks dictated how all other currencies moved. This remains true today as the dollar extended its gains against all of the major currencies. Yet it is also worth noting that the run-u...

March 2nd, 2017 - Market Drivers March 2, 2017 AU Trade data misses UK PMI Construction in line Nikkei 1.46% Dax 0.88% Oil $54/bbl Gold $1245/oz. Europe and Asia: AUD AU Trade 1.3B vs. 3.8B GBP UK PMI Construction 52.5 vs. 52.2 EUR EU Core CPI 1.x vs. 1.8% North America: USD Weekly Jobless 8:30 CAD GDP 8:30 It’s been a quiet night of trade in the currency market w...

March 1st, 2017 - Dollar Bulls Back in Control, GBP Crashes Daily FX Market Roundup 03.01.17 Dollar bulls are back in control today with the greenback trading higher against all of the major currencies. USD/JPY traded as high as 114 before retracing to end the day below that key level. However there’s no question that the trend for the dollar has shifted as the market final...

March 1st, 2017 - Market Drivers March 1, 2017 USD/JPY rallies post Trump AU GDP beats Nikkei 1.44% Dax 1.43% Oil $54/bbl Gold $1245/oz. Europe and Asia: AUD GDP 1.1% vs. 0.7% GBP UK PMI Manufacturing 54.6 vs. 55.6 North America: USD PCE 8:30 USD PI/PS 8:30 USD ISM Manufacturing 10:00 CAD BOC Rate Decision 10:00 USDJPY fueled by more hawkish rhetoric from Fed offic...

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