Daily Market Recaps Articles

January 31st, 2017 - Dollar: Trump Jawboning vs. Fed Tightening Daily FX Market Roundup 01.31.17 The U.S. dollar traded sharply lower ahead of this year’s first Federal Reserve monetary policy announcement. Softer than expected data contributed to the weakness but more importantly investors are nervous about President Trump’s push for a lower currency. Without using the word...

January 31st, 2017 - Market Drivers January 31, 2017 Cable falls nearly 100 points as data misses BOJ keeps monetary policy as is Nikkei -1.69% Dax 0.25% Oil $52/bbl Gold $1200/oz. Europe and Asia: JPY BOJ keeps policy as is GBP Mortgage Approvals 67.9K vs. 69K EUR EU Inflation 1.8% vs. 1.6% EUR EU Unemployment 9.6% vs. 9.8% North America: CAD GDP 8:30 USD Chicago PMI 9:4...

January 30th, 2017 - Market Drivers January 30, 2017 USDJPY gaps lower on open BOJ worried about Trump Nikkei -0.51% Dax -0.81% Oil $53/bbl Gold $1191/oz. Europe and Asia: JPY JN Retail Sales 0.6% vs. 1.6% EUR EU Spanish GDP 0.7% vs. 0.7% North America: USD Core PCE 8:30 USD US PI/PS 8:30 USD Pending Homes 10:00 FX markets were generally quiet with many of the dealing c...

January 27th, 2017 - Why the Dollar Could Breakout Next Week Daily FX Market Roundup 01.26.17 The first trading week of the lunar New Year will be a busy one for forex traders and the potential for big moves or breakouts will be exacerbated by holidays in China, Hong Kong and Singapore. Having come off the first week of Donald Trump’s Presidency we got a taste of how committed he...

January 27th, 2017 - Market Drivers January 27, 2017 USDJPY takes out 115.00 EU Money Supply rises Nikkei 0.34% Dax -0.34% Oil $53/bbl Gold $1183/oz. Europe and Asia: AUD AU PPI 0.5% vs. 0.2% EUR EU Money Supply 5.0% vs. 4.9% North America: USD Durable Goods 8:30 USD US GDP 8:30 USDJPY took out the 115.00 figure in morning Tokyo trade today fueled by reports that BOJ wou...

January 26th, 2017 - USD/JPY Hits 115, Catch-up Begins Daily FX Market Roundup 01.26.17 Dollar bulls are back in control and they have taken the buck higher against all of the major currencies. In yesterday’s note we said the greenback was lagging and not diverging from U.S. equities and rates but that divergence came to an end today with the currency breaking sharply higher. U...

January 25th, 2017 - Is the Dollar Decoupling with Stocks and Bonds? Daily FX Market Roundup 01.25.17 Over the past few months we have seen strong correlations between the U.S. dollar, U.S. yields and U.S. stocks but today, as the Dow Jones Industrial Average climbed above 20,000 for the first time, the greenback barely budged. Treasury yields responded appropriately, extending the...

January 25th, 2017 - Market Drivers January 25, 2017 Cable hits fresh highs as stops pop IFO misses Nikkei 1.20% Dax 1.43% Oil $53/bbl Gold $1201/oz. Europe and Asia: AUD CPI 0.4% vs. 0.5% EUR IFO 109.8 vs. 111.3 North America: USD House Price Index 10:00 Cable broke out to fresh highs in early London trade flirting with the 1.2600 figure as the rally in the pair continue...

January 24th, 2017 - Market Drivers January 24, 2017 UK Court rules Parliament must vote EZ Flash PMIs mixed Nikkei -0.55% Dax 0.19% Oil $53/bbl Gold $1212/oz. Europe and Asia: EUR EZ Flash PMI 54.3 vs. 54.5 GBP UK PSNB 6.4B vs. 6.7B North America: USD Existing Homes Sales 10:00 UK Supreme court ruled that the government of Prime Minister May must seek Parliamentary appro...

January 23rd, 2017 - Trump’s Border Tax is Good for the Dollar But… Daily FX Market Roundup 01.23.17 The Trump rally is disappearing. Since the beginning of the year the U.S. dollar index is down close to 3% and while the S&P 500 is still up for the year, the Dow is turning negative. Additionally, ten year Treasury yields have fallen sharply, dropping as much as 8bp at the s...

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