Daily Market Recaps Articles

January 23rd, 2017 - Market Drivers January 23, 2017 Dollar selloff continues US rates slip Nikkei -1.39% Dax -0.39% Oil $52/bbl Gold $1212/oz. Europe and Asia: No data North America: CAD Wholesale Trade 8:30 The dollar was weaker across the board on the first trading session of the week as markets continued to react to President Trump inaugural address and executive actio...

January 20th, 2017 - Trump is President and for Dollar Every Day Matters Daily FX Market Roundup 01.19.17 Donald Trump is now officially the President of the United States, the most powerful country in the world and from here on forward for the next 100 days, every day matters. Investors will be watching Trump’s initial executive actions closely. His inauguration speech was fo...

January 20th, 2017 - Market Drivers January 20, 2017 UK Retail Sales miss Chinese data dump mixed Nikkei 0.34% Dax -0.03% Oil $52/bbl Gold $120o/oz. Europe and Asia: CNY Chinese GDP 6.8% vs. 6.7% CNY Industrial Production 6.0% vs. 6.1% GBP UK Retail Sales -1.9% vs. -0.1% North America: CAD CPI 8:30 The dollar got its groove back as US yields on the 10 year climbed back a...

January 19th, 2017 - Traders Dump Dollars Ahead of Trump Inauguration Daily FX Market Roundup 01.19.17 With less than 24 hours to go before Donald Trump becomes the President of the United States, investors are dumping dollars ahead of the inauguration as they worry about the new President’s trade and currency policies. In the past week we’ve heard from a senior Trump advisor...

January 19th, 2017 - Market Drivers January 19, 2017 AU Labor data in line All eyes on ECB Nikkei 1.10% Dax -0.10% Oil $51/bbl Gold $1204/oz. Europe and Asia: AUD AU Employment 13.5K vs. 10K EUR EU CA 36B vs. 29B North America: EUR ECB Rate 7:45 EUR ECB Presser 8:30 USD Housing Start/Building Permits 8:30 USD Philly Fed 8:30 USD Weekly jobless claims 8:30 The dollar r...

January 18th, 2017 - Have We Seen the Bottom in the Dollar? Daily FX Market Roundup 01.18.17 The U.S. dollar traded sharply higher against all of the major currencies today as the fundamentals we have been highlighting returned as drivers for the currency. On Tuesday when the greenback tanked for the seventh day in a row versus the Japanese Yen we said hawkish Fed speak and stronge...

January 18th, 2017 - Market Drivers January 18, 2017 Cable starts to unwind UK Labor data beats Nikkei 0.43% Dax 0.17% Oil $52/bbl Gold $1212/oz. Europe and Asia: GBP UK Claimant Count -10.1 vs. 5.0 GBP Average Weekly Wages 2.7% vs. 2.6% EUR EU CPI 0.5% vs. 0.5% North America: USD CPI 8:30 USD MP/IP 9:15 CAD BOC Rate Decision 10:00 USD Beige Book 14:00 UK labor data ...

January 17th, 2017 - Here’s Why GBP Soared on May’s Hard Exit Plans Daily FX Market Roundup 01.17.17 Who would have thought that Prime Minister May’s plans for a hard exit from the European Union would trigger the strongest one day rally for the sterling versus the U.S. dollar since 2008? A lot was said in this morning’s speech but at the end of the day, there were 4 mai...

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 ...

Hide me
Receive Thought Provoking Forex Commentary Directly to Your Inbox
Show me