Daily Market Recaps Articles

February 21st, 2017 - Market Drivers February 21, 2017 EZ PMI's improve Carney -- Nikkei 0.66% Dax 0.48% Oil $54/bbl Gold $1231/oz. Europe and Asia: EUR EZ PMI Composite 56.0 vs. 54.3 GBP UK PSNB -9.8B vs. -14.4B North America: USD Flash PMI 9:45 On the first full trading day of the week, after a holiday in North America, the dollar found a fresh bid in Asian and early Lon...

February 17th, 2017 - How Long will USD and GBP Defy Fundamentals? Daily FX Market Roundup 02.17.17 There was very little consistency in the performance of the U.S. dollar this past week with the greenback trading lower versus the Japanese Yen, steady against all of the other major currencies except for sterling. On a percentage basis, the changes were small but given how far the ...

February 16th, 2017 - The Dollar’s Counterintuitive Price Action Daily FX Market Roundup 02.16.17 The U.S. dollar continued to fall despite another round of better than expected U.S. data. This counterintuitive price action has many investors confused but the greenback is clearly taking its cue from yields which pulled back today after rising for 5 days in a row. Housing starts ...

February 15th, 2017 - Dollar U Turns After Data, Here’s Why Daily FX Market Roundup 02.15.17 The U.S. dollar ended the day unchanged to lower against all of the major currencies. For many, this performance is surprising considering the strength of the latest U.S. economic reports, the new highs in U.S. stocks and rise in Treasury yields. Consumer spending, inflation and manufact...

February 15th, 2017 - Market Drivers February 15, 2017 UK Labor data misses on wages USDJPY Stalls at 114.50 Nikkei 1.03% Dax 0.41% Oil $53/bbl Gold $1227/oz. Europe and Asia: GBP UK Avg. Earning 2.6% vs. 2.8% GBP UK Unemployment 4.8% vs. 4.8% North America: USD CPI 8:30 USD Retail Sales 8:30 USD Yellen Testimony 10:00 UK labor data came in mixed today taking cable below...

February 14th, 2017 - Dollar Pops on Yellen, March Hike Still in Play Daily FX Market Roundup 02.14.17 The U.S. dollar traded higher against all of the major currencies today after Fed Chair Janet Yellen said, “waiting too long to tighten would be unwise,” adding later that “every FOMC meeting is a live meeting. Going into her testimony, some investors expected less enthusia...

February 14th, 2017 - Market Drivers February 14, 2017 UK Inflation runs cold ZEW misses Nikkei -1.13% Dax -0.02% Oil $53/bbl Gold $1230/oz. Europe and Asia: GBP UK CPI 1.8% vs. 1.9% EUR Flash GDP 0.4% vs. 0.5% EUR ZEW 10.4 vs. 15 North America: USD PPI 8:30 USD Yellen Testimony 10:00 The pound was clobbered in morning London trade today by weaker than expected CPI readi...

February 13th, 2017 - How FX Traders are Positioning for this Week’s Top 5 Events Daily FX Market Roundup 02.13.17 Don’t let this quiet start to the new trading week fool you because it is going to be a very busy one in the foreign exchange market. The main focus will be Fed Chair Janet Yellen’s semi-annual testimony on the economy and monetary policy on Wednesday but GDP,...

February 13th, 2017 - Market Drivers February 13, 2017 Japanese GDP misses on headline USDJPY takes out 114.00 Nikkei 0.41% Dax 0.49% Oil $53/bbl Gold $1231/oz. Europe and Asia: JPY GDP 0.2% vs. 0.3% North America: No data USDJPY bolted out of the gate at the start of week’s trading, gapping higher at the Asian open as it rose to take out the 114.00 figure my mid morning...

February 10th, 2017 - Will Yellen Help or Hurt the Dollar? Daily FX Market Roundup 02.10.17 After nearly a month of losses, the U.S. dollar ended the week steady to higher against all of the major currencies. U.S. data was mostly better with the trade balance narrowing slightly, jobless claims falling and import prices rising. Consumer sentiment however soured in the month of Feb...

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