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Tag Archives: europe

USD/JPY Crumbles on Puny Stimulus Projections

Market Drivers July 26, 2016 USDJPY sinks 2 big figures on disappointment of stimulus Cable bounces off lows Nikkei -1.60% Dax 0.14% Oil $42/bbl Gold $1329/oz. Europe and Asia: GBP UK BBA Loans 40B vs. 38B North America: USD PMI Services 9:45 USD Consumer Confidence 10:00 USD New Home Sales 10:00 USDJPY dropped nearly two big figures in a ...

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Better IFO Steers Euro Towards 1.1000 Figure

Market Drivers July 25, 2016 GE IFO Better than forecast NZD tumbles but recovers Nikkei 0.38% Dax 0.88% Oil $44/bbl Gold $1322/oz. Europe and Asia: EUR GE IFO 108.3 vs. 107.4 North America: No Data It’s been an extremely quiet night ...

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Euro Hits Fresh Lows, Strong Week for Dollar

Euro Hits Fresh Lows, Strong Week for Dollar Daily FX Market Roundup 07.22.16 This was a strong week for the U.S. dollar. The greenback traded higher against all of the major currencies despite the lack of market moving U.S. data. In a...

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Aussie Tumbles as August Meeting Turns “Live”

Market Drivers July 19, 2016 RBA Minutes suggest dovish bias UK CPI hotter Nikkei 1.31% Dax -1.16% Oil $45/bbl Gold $1333/oz. Europe and Asia: AUD RBA Minutes suggest possible cut GBP UK CPI 0.5% vs. 0.3% EUR GE ZEW -6.8 vs. 9.0 North America: USD Building Permits/Housing Starts 8:30 Both the Aussie and the kiwi were markedly...

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Chinese Data Pushes USD/JPY Through 106.00

Market Drivers July 15, 2016 USD/JPY takes out 106.00 CNY data beats Nikkei 0.68% Dax -0.46% Oil $45/bbl Gold $1332/oz. Europe and Asia: CNY GDP 6.7% vs. 6.6% CNY IP 6.0% vs. 5.9% CNY Retail Sales 10.6% vs 9.8% CNY Yuan Loans 1380B vs. 990B North America: USD...

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Will the UK Cut Rates? Probably Not.

Will the UK Cut Rates? Probably Not. Daily FX Market Roundup 07.13.16 The Bank of England’s monetary policy announcement hasn’t been released and we’ve already seen a U-turn in sterling. After trading as high as 1.3338, GBP/USD dropped more than 200 pips as sellers returned. The...

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Greek Can Kicked again – this could get out of control

The Greek crisis was never resolved but it did take a winter break from the headlines. And now, like the flowers in the Spring, the Greek crisis is making a comeback, with the debt issue hanging over everybody’s heads. Will Europe manage to kick the can down the road to after...

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