US Outlook Articles

March 2nd, 2017 - EURO Breaks 1.05, AUD Tops Out Daily FX Market Roundup 03.02.17 For the past few weeks, our daily notes have focused on the U.S. dollar because the market’s appetite for greenbacks dictated how all other currencies moved. This remains true today as the dollar extended its gains against all of the major currencies. Yet it is also worth noting that the run-u...

March 2nd, 2017 - Market Drivers March 2, 2017 AU Trade data misses UK PMI Construction in line Nikkei 1.46% Dax 0.88% Oil $54/bbl Gold $1245/oz. Europe and Asia: AUD AU Trade 1.3B vs. 3.8B GBP UK PMI Construction 52.5 vs. 52.2 EUR EU Core CPI 1.x vs. 1.8% North America: USD Weekly Jobless 8:30 CAD GDP 8:30 It’s been a quiet night of trade in the currency market w...

March 1st, 2017 - Dollar Bulls Back in Control, GBP Crashes Daily FX Market Roundup 03.01.17 Dollar bulls are back in control today with the greenback trading higher against all of the major currencies. USD/JPY traded as high as 114 before retracing to end the day below that key level. However there’s no question that the trend for the dollar has shifted as the market final...

March 1st, 2017 - Market Drivers March 1, 2017 USD/JPY rallies post Trump AU GDP beats Nikkei 1.44% Dax 1.43% Oil $54/bbl Gold $1245/oz. Europe and Asia: AUD GDP 1.1% vs. 0.7% GBP UK PMI Manufacturing 54.6 vs. 55.6 North America: USD PCE 8:30 USD PI/PS 8:30 USD ISM Manufacturing 10:00 CAD BOC Rate Decision 10:00 USDJPY fueled by more hawkish rhetoric from Fed offic...

February 28th, 2017 - USD/JPY Verticalizes Ahead of Trump & Bank of Canada Daily FX Market Roundup 02.28.17 It was another topsy-turvy day in the foreign exchange market with the U.S. dollar spending most of the day trading lower. However at the close, comments from Fed Presidents Dudley, Williams and Harker sent the greenback soaring. Harker and Dudley are voting members of the ...

February 28th, 2017 - Market Drivers February 28, 2017 Australia Private Sector credit weaker USD/JPY back below 112.50 Nikkei 0.06% Dax -0.09% Oil $53/bbl Gold $1252/oz. Europe and Asia: AUD Private Sector Credit 0.2% vs. 0.5% North America: USD GDP 8:30 USD Private Consumption 8:30 USD Wholesale Inventories 8:30 USD Chicago PMI 9:45 USD Consumer Confidence 10:00 It b...

February 27th, 2017 - Dollar See-Saws on Trump Comments Daily FX Market Roundup 02.27.17 U.S. and U.K. politics dominated currency flows on the first day of trading in the last week of February. One of the biggest event risks this week was suppose to be U.S. President Trump’s speech before the joint session of Congress Tuesday evening but he preempted the main event by pre-announc...

February 27th, 2017 - Market Drivers February 28, 2017 Cable tumbles on Scottish referendum fears USD/JPY finds support at 112.00 Nikkei -0.91% Dax 0.05% Oil $54/bbl Gold $1255/oz. Europe and Asia: AUD Business Inventories 0.3% vs. 0.5% EUR EZ Money Supply 4.9% vs. 4.8% North America: USD Durable Goods 8:30 USD Pending Homes 10:00 Cable woke up on the wrong side of the b...

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...

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