US Outlook Articles

December 20th, 2016 - Have AUD and CAD Bottomed? Daily FX Market Roundup 12.20.16 After falling for 4 straight days, the Australian and Canadian dollars finally rebounded against the greenback. Unfortunately the gains have been shallow so it is far too early to draw the conclusion that commodity currencies have bottomed. On a technical basis, AUD/USD and NZD/USD broke below major te...

December 19th, 2016 - Will USDJPY Slip Further on BoJ? Daily FX Market Roundup 12.19.16 The U.S. dollar traded higher against all of the major currencies today except for USD/JPY, which extended its losses for the second day in a row. The topsy-turvy moves in U.S. rates stripped the dollar of its gains against other major currencies. Taking a look at the charts, USD/JPY could drop a...

December 16th, 2016 - FX: Don’t Bet on Year End Profit Taking Daily FX Market Roundup 12.16.16 As we approach the end of the year, many investors AND central bankers are hoping for some year end profit taking in the U.S. dollar and we saw a hint of that on Friday. Being a dollar bull has paid off handsomely over the past 2 months with the greenback rising 15% against the Japanese ...

December 16th, 2016 - Market Drivers December 16, 2016 USDCNY at highest since 2008 EZ CPI in line Nikkei 0.66% Dax 0.03% Oil $50/bbl Gold $1135/oz. Europe and Asia: EZ CPI -0.1% vs. -0.1% North America: USD Building Permits/Housing Starts 8:30 After a very volatile week of trade that saw massive gains for the dollar across the board, the last trading session of the week wa...

December 14th, 2016 - USDJPY Breaks 117 as Fed Sees 3 Hikes in 2017 Daily FX Market Roundup 12.14.16 The U.S. dollar traded sharply higher against all of the major currencies today on the back of the Federal Reserve’s monetary policy announcement. No one was surprised by the Fed’s 25bp rate hike but the dot plot forecast shows policymakers looking for 3 rate hikes in 2017. This ...

December 14th, 2016 - Market Drivers December 14, 2016 Tankan up for first time in 18 months UK labor data mixed Nikkei 0.02% Dax -0.20% Oil $52/bbl Gold $1163/oz. Europe and Asia: JPY Tankan GBP UK Jobless claims 2.4 vs. 5.5 GBP UK Average Weekly Earnings 2.5% vs. 2.3% EUR IP 0.6% vs. 0.8% North America: USD US Retail Sales 8:30 USD US PPI 8:30 USD FOMC 14:00 It’s b...

December 13th, 2016 - Market Drivers December 13, 2016 Chinese data beats UK CPI in line Nikkei 0.50% Dax 0.81% Oil $53/bbl Gold $1160/oz. Europe and Asia: CNY Industrial Production 6.2% vs. 6.1% CNY Retail Sales 10.8% vs, 10.1% GBP UK CPI 1.4% vs. 1.3% EUR GE ZEW 13.8 vs. 14.0 North America: No Data It’s been a sideways night of trade in the currency market with the d...

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...

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