Daily Market Recaps Articles

December 12th, 2016 - Market Drivers December 12, 2016 US Yields Explode Italian Government backstops Monte Dei Paschi Nikkei 0.84% Dax -0.09% Oil $54/bbl Gold $1154/oz. Europe and Asia: JPY Machinery Orders 4.1% vs. 1.3% North America: No Data It’s been a boisterous start to the week as rally in yields across the G-7 universe pushed both USDJPY as well as most of the maj...

December 11th, 2016 - Our Fed Preview and Dollar Outlook The last time the Federal Reserve tightened monetary policy was in December 2015 but that will change in a few days with the U.S. central bank preparing to raise interest rates for the first time in a year. A lot has changed over the past year but the one thing that has not is that monetary policy announcements are big market mo...

December 9th, 2016 - Will the Fed Kill the Dollar Rally? Daily FX Market Roundup 12.09.16 With 3 central bank rate decisions on this past week’s calendar, it has been a very lively week in the foreign exchange market. The greenback traded higher against all of the major currencies, rising to its strongest level versus the Japanese Yen in 10 months. Since no major U.S. economi...

December 9th, 2016 - Market Drivers December 9, 2016 UK Trade data better Euro Stabilizes at 1.0600 Nikkei 1.23% Dax -0.15% Oil $51/bbl Gold $1173/oz. Europe and Asia: AUD AU Home Loans -0.8% vs. -1.0% GBP UK Trade Balance -9.71B vs. -11.8B North America: USD U of M 10:00 It’s been a relatively subdued night of trade in the FX market with most of the pairs tracing out v...

December 8th, 2016 - The ECB Wants Euro to Fall Daily FX Market Roundup 12.08.16 The European Central Bank wants the euro to fall and that is exactly what the euro did after the monetary policy announcement. Economists had been looking for asset purchases to continue for only 6 months beyond the previous soft end date and instead they were extended by 9 months from March to Decembe...

December 7th, 2016 - Euro - Here’s What We Expect from the ECB & Euro Daily FX Market Roundup 12.07.16 The euro is trading higher ahead of this year’s final European Central Bank monetary policy meeting and the big question tomorrow is whether there will be an ECB surprise that triggers the same 4-cent (400 pip) move in EUR/USD that we saw in December 2015. Around this time las...

December 7th, 2016 - Market Drivers December 7, 2016 AU GDP Misses UK MP/IP Miss badly Nikkei 0.74% Dax 1.45% Oil $51/bbl Gold $1173/oz. Europe and Asia: AUD AU GDP -0.5% vs. 0.3% GBP UK IP 0.3% vs. 0.8% GBP UK MP -0.9% vs. 0.2% North America: CAD Rate Decision 10:00 It’s been a night of data misses on FX with both AU and UK economic reports posting very disappointing ...

December 6th, 2016 - CAD: Will Trump Worry the Bank of Canada? Daily FX Market Roundup 12.06.16 After the Italian referendum, the forex market turned its focus to 3 monetary policy announcements. The Reserve Bank of Australia was the first central bank to meet last night – they left interest rates unchanged and offered a benign outlook for the Australian economy. While the RBA sa...

December 6th, 2016 - Market Drivers December 6, 2016 RBA leaves rates on hold NZD tumbles on stops Nikkei 0.47% Dax 0.11% Oil $51/bbl Gold $1172/oz. Europe and Asia: AUD RBA leaves rates at 1.50% EUR GDP 1.7% vs. 1.6% North America: USD Trade Balance 8:30 CAD Trade Balance 8:30 Price action in the FX market was decidedly more subdued on the second trading day of the week...

December 5th, 2016 - 3 Reasons Why EURO Verticalized After Italy Vote Daily FX Market Roundup 12.05.16 Many investors may be wondering why EUR/USD verticalized after the Italians voted against Prime Minister Renzi’s Senate reforms especially after EUR/USD dropped within a few pips of 1.05. We have identified at least 3 reasons for the reversal: 1. German – U.S. yield spread ...

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