Daily Market Recaps Articles

February 28th, 2017 - USD/JPY Verticalizes Ahead of Trump & Bank of Canada Daily FX Market Roundup 02.28.17 It was another topsy-turvy day in the foreign exchange market with the U.S. dollar spending most of the day trading lower. However at the close, comments from Fed Presidents Dudley, Williams and Harker sent the greenback soaring. Harker and Dudley are voting members of the ...

February 28th, 2017 - Market Drivers February 28, 2017 Australia Private Sector credit weaker USD/JPY back below 112.50 Nikkei 0.06% Dax -0.09% Oil $53/bbl Gold $1252/oz. Europe and Asia: AUD Private Sector Credit 0.2% vs. 0.5% North America: USD GDP 8:30 USD Private Consumption 8:30 USD Wholesale Inventories 8:30 USD Chicago PMI 9:45 USD Consumer Confidence 10:00 It b...

February 27th, 2017 - Dollar See-Saws on Trump Comments Daily FX Market Roundup 02.27.17 U.S. and U.K. politics dominated currency flows on the first day of trading in the last week of February. One of the biggest event risks this week was suppose to be U.S. President Trump’s speech before the joint session of Congress Tuesday evening but he preempted the main event by pre-announc...

February 27th, 2017 - Market Drivers February 28, 2017 Cable tumbles on Scottish referendum fears USD/JPY finds support at 112.00 Nikkei -0.91% Dax 0.05% Oil $54/bbl Gold $1255/oz. Europe and Asia: AUD Business Inventories 0.3% vs. 0.5% EUR EZ Money Supply 4.9% vs. 4.8% North America: USD Durable Goods 8:30 USD Pending Homes 10:00 Cable woke up on the wrong side of the b...

February 24th, 2017 - USD/JPY Crashes Below 112, Trump-Yellen Next Week Daily FX Market Roundup 02.24.17 For the past two weeks investors have been scratching their heads over the underperformance of the U.S. dollar. Data has been good, the U.S. economy is improving and practically every Federal Reserve official who had an opportunity to speak said rate hikes are coming. So why has...

February 24th, 2017 - Market Drivers February 24, 2017 RBA's Lowe - hard to say AUD is overvalued USD/JPY drop below 112.50 Nikkei -0.45% Dax -0.33% Oil $54/bbl Gold $1256/oz. Europe and Asia: GBP BBA Mortgage Approvals 44.7K vs. 41.9K North America: CAD CPI 8:30 USD New Home Sales 10:00 The dollar dribbled lower in end of week London trade today with USD/JPY dipping below...

February 23rd, 2017 - Sterling Pops, Dollar Struggles Daily FX Market Roundup 02.23.17 The U.S. dollar continued to struggle as investors sold the greenback, taking it lower against all of the major currencies. The problem lies in yields, which extended its losses despite relatively healthy U.S. data. Although jobless claims ticked up to 244K from 238K, the overall level of unemplo...

February 22nd, 2017 - Behind the U-Turn in EURO Daily FX Market Roundup 02.22.17 Just as we feared, hawkish Federal Reserve meeting minutes failed to give the dollar the swift kick upwards that bulls had been desperately waiting for. The dollar ticked up briefly after the minutes were released but gave up its gains quickly despite U.S. policymakers seeing the need for a hike “fa...

February 22nd, 2017 - Market Drivers February 22, 2017 UK GDP misses IFO improves Nikkei -0.01% Dax 0.10% Oil $54/bbl Gold $1238/oz. Europe and Asia: EUR GE IFO 111 vs. 109.6 GBP UK GDP 0.7% vs. 0.6% GBP UK Business Investment -1.0% vs. 0.0% North America: CAD Retail Sales 8:30 USD Existing Home Sales 10:00 Major pairs were mixed in haphazard FX dealing during Asian and ...

February 21st, 2017 - Dollar – Will the Fed Minutes Give it the Kick it Needs? Daily FX Market Roundup 02.21.17 After a tough week, the U.S. dollar rebounded against all of the major currencies, extending gains that started when U.S. markets were closed for Presidents Day on Monday. USD/JPY traded as high as 113.78 before settling the day just under those levels. The dollar’s...

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