FX Insights Articles

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...

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...

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