US Outlook Articles

March 20th, 2017 - Market Drivers March 20, 2017 Pound clears 1.2400 G-20 fails to agree on free trade Nikkei closed Dax -0.32% Oil $48/bbl Gold $1232/oz. Europe and Asia: AU Westpac survey 111.9 vs 113.9 North America: CAD Wholesale Sales 8:30 It’s been a very quiet start of trade for the FX market today with Japan out on holiday and global economic calendar essential...

March 17th, 2017 - GBP – On Brexit Watch This Week Daily FX Market Roundup 03.20.17 Who would have thought that when the Federal Reserve raised interest rates by 25bp, the U.S. dollar would tank? But that was exactly what happened this past week as the greenback tumbled against all of the major currencies. Investors began unwinding their long dollar positions ahead of the rat...

March 17th, 2017 - Market Drivers March 17, 2017 Pound eyes 1.2400 EZ Trade data misses Nikkei -0.35% Dax -0.09% Oil $49/bbl Gold $1228/oz. Europe and Asia: EUR Trade Balance 20B vs. 24B eyed North America: USD Industrial Production 9:15 USD U of M 9:50 FX markets were quiet on the final trading day of the week, as most of the majors consolidated in narrow ranges after ...

March 16th, 2017 - GBP Pops on BoE Dissent, USD Remains Heavy Daily FX Market Roundup 03.16.17 The best performing currency today was sterling, which shot higher on the back of the Bank of England’s monetary policy announcement. Although recent data has been weak and policymakers noted that there were few signs of growth slowdown and wages are softening, the talk in the centr...

March 15th, 2017 - EUR/USD Breaks 1.07 on Yellen, Dutch Elections Daily FX Market Roundup 03.15.17 The Federal Reserve raised interest rates for the first time this year by 25bp and the U.S. dollar tanked. To the casual market watcher, this price action would be counterintuitive but for those of us who knew the market wanted unambiguous hawkishness from Fed Chair Janet Yellen, w...

March 15th, 2017 - Market Drivers March 15, 2017 Pound pops on news that Scottish referendum may not take place UK Labor data mixed Nikkei -0.16% Dax 0.24% Oil $48/bbl Gold $1202/oz. Europe and Asia: GBP UK Claimant Count 11K North America: USD Retail Sales 8:30 USD Core CPI 8:30 USD Fed Funds Rate 14:00 USD Fed Presser 14:30 The dollar remained on the back foot ahea...

March 14th, 2017 - Dollar – Should You Trade or Fade FOMC? Daily FX Market Roundup 03.14.17 The Federal Reserve is gearing up to raise interest rates for the first time in 2017 and instead rising, U.S. yields fell, dragging USD/JPY down with it. However the dollar did not fall against other major currencies – instead it appreciated versus EUR, GBP, AUD, NZD and CAD. This p...

March 13th, 2017 - Forex Outlook - How to Prepare for Wild Wednesday Daily FX Market Roundup 03.13.17 We may be nearing the end of the third quarter but this week will be one of its most important weeks. The Federal Reserve is widely expected to raise interest rates for the first time in 2017, there’s a general election in the Netherlands, G20 Finance Ministers and Central Ba...

March 13th, 2017 - Market Drivers March 13, 2017 USD retreats Cable takes out 1.2200 Nikkei 0.15% Dax 0.16% Oil $48/bbl Gold $1207/oz. Europe and Asia: JPU Tertiary Industry Index 0.0% vs. 0.2% North America: No Data It’s been a typically quiet start of the week in the FX market as currency traders gear up for the critical FOMC rate decision this Wednesday, March 15. I...

March 10th, 2017 - Dollar - Only Temporary Profit Taking Post Payrolls Daily FX Market Roundup 03.10.17 Investors took profits on their long U.S. dollar positions on the back of Friday’s non-farm payrolls report. Job growth was solid and the unemployment rate improved but average hourly earnings grew less than anticipated. With the U.S. dollar rising as much as it had ahead o...

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