Daily Market Recaps Articles

February 7th, 2017 - Dollar Consolidates – NZD Traders Eye RBNZ Daily FX Market Roundup 02.07.17 The U.S. dollar remains under pressure despite its modest gains versus the euro and Japanese Yen. USD/JPY rebounded to 112.50 during the North American trading session as yields perked up in the early part of the session however towards the end of the day, the currency pair sank be...

February 7th, 2017 - Market Drivers February 7, 2017 RBA keeps rates on hold GE IP plunges Nikkei -0.35% Dax 0.27% Oil $53/bbl Gold $1231/oz. Europe and Asia: AUD RBA rate 1.5% EUR GE Industrial Production -3.0% vs. 0.2% GBP UK Halifax HPI -0.9% vs. 0.2% North America: USD US Trade Balance 8:30 CAD Canadian Trade 8:30 CAD Ivey PMI 8:30 The dollar was broadly stronger...

February 6th, 2017 - 3 Reasons Why USD/JPY Sank to 2 Month Lows Daily FX Market Roundup 02.02.17 The big story in the foreign exchange market today was USD/JPY and its quick slide below 112. The currency pair has fallen 5 out of the last 6 trading days with the latest wave of weakness taking USD/JPY to its lowest level since November. We can identify at least 3 reasons for the pe...

February 6th, 2017 - Market Drivers February 6, 2017 AU Retail Sales miss EZ Investor confidence improves Nikkei 0.31% Dax 0.08% Oil $54/bbl Gold $1224/oz. Europe and Asia: AUD Retail Sales -0.1% vs. 0.3% EUR EU Sentix 17.4 vs. 16.1 North America: No Data It’s been a quiet start to week’s trading with most of the majors contained to very narrow ranges. After a slight...

February 3rd, 2017 - The Twists and Turns in the Dollar Post NFPs Daily FX Market Roundup 02.03.17 We saw an unusual amount of volatility in USD/JPY over the last 24 hours as the greenback ended Friday higher against the Japanese Yen. The twists and turns in the dollar were directly caused by the struggle between economics and politics. This morning, a weaker than expected labor ma...

February 3rd, 2017 - Market Drivers February 3, 2017 Yen gets a work out as BOJ buys all the 5-10s UK PMI Services misses Nikkei 0.02% Dax 0.27% Oil $54/bbl Gold $1214/oz. Europe and Asia: GBP UK Services PMI 54.5 vs. 56.2 EUR Final Svc. PMI 53.7 vs. 53.6 North America: USD NFPs 8:30 USD ISM Non-Manufacturing 10:00 The yen went on a wild ride is Asian session trade while...

February 2nd, 2017 - Dollar Bulls Banking on Good Payrolls Daily FX Market Roundup 02.02.17 The price action in the forex market today tells us that dollar bulls are banking on a good non-farm payrolls report on Friday. The greenback, which traded as low as 112.05 against the Japanese Yen during the NY session ended the day much closer to 113. Lower than expected jobless claims...

February 2nd, 2017 - Market Drivers February 2, 2017 Post FOMC - Dollar starts to weaken BOE on tap Nikkei -1.22% Dax -0.45% Oil $54/bbl Gold $1212/oz. Europe and Asia: AUD Building Approvals -1.2% vs. -2.0% GBP UK Construction PMI 52.2 vs.53.8 EUR EZ PPI 0.7% vs. 0.4% GBP UK PMI Manufacturing 55.9 vs. 55.9 North America: GBP UK BOE Rate Decision 7:00 USD Weekly Jobless 8...

February 1st, 2017 - Dollar Tanks, Fed Fails to Deliver, BoE Next Daily FX Market Roundup 02.01.17 To the disappointment of investors looking for renewed hawkishness from the Federal Reserve, the central bank failed to deliver causing USD/JPY to tumble from a high of 112.65 to a low of 112.80. Ten year Treasury yields also turned negative briefly after rising as much as 5bp. Althou...

February 1st, 2017 - Market Drivers February 1, 2017 UK PMI in line but cable takes out 1.2600 New Zealand data misses Nikkei 0.50% Dax 0.94% Oil $52/bbl Gold $1212/oz. Europe and Asia: NZD Unemployment 5.2% vs. 4.8% EUR EZ Final PMI 55.2 vs. 55.1 GBP UK PMI Manufacturing 55.9 vs. 55.9 North America: USD ADP 8:15 USD ISM Manufacturing 10:00 USD FOMC 14:00 After yesterd...

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