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Tag Archives: featured

A Brutal Week for Dollar, Is 100 Next for USD/JPY?

A Brutal Week for Dollar, Is 100 Next for USD/JPY? Daily FX Market Roundup 07.29.16 This past week was a brutal one for the U.S. dollar. The greenback traded lower against all of the major currencies with particularly stinging losses experienced against...

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No Love for the Buck Post FOMC

Market Drivers July 28, 2016 Dollar down across the board post FOMC GE Employment improves Nikkei -0.69 Dax 0.05% Oil $42/bbl Gold $1349/oz. Europe and Asia: AUD Export Prices 1.4% vs. 2.9% EUR GE Unemployment -7K vs. -2K North America: USD Weekly jobless claims 8:30 USD Trade in Goods 8:30 The ...

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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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Will EURO Finally Crack 1.10 on ECB?

Will EURO Finally Crack 1.10 on ECB? Daily FX Market Roundup 07.20.16 For the past 24 hours EUR/USD has been flirting with 1.10. The currency pair traded above and below this key level but so far there hasn’t been a meaningful break. Traders are clearly waiting for Thursday’s European Central Bank meeting and are ...

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U.S. Dollar, A Winner in Global Easing

U.S. Dollar, A Winner in Global Easing Daily FX Market Roundup 07.19.16 The U.S. dollar is proving to be a big winner in a period when central banks around the world are talking about easing. The Bank of England and the Bank of Japan...

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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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Cable Gets A Boost from M&A

Market Drivers July 18, 2016 Risk on mildly onts CNY at lowest rate since 2010 Nikkei holiday Dax -0.11% Oil $46/bbl Gold $1329/oz. Europe and Asia: NZD CPI 0.4% vs. 0.5% North America: USD NAHB Housing Index 8:30 It’s been a generally quiet open to the week in the currency market with most...

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Week Ends With Wild Swings in Currencies

Week Ends With Wild Swings in Currencies Daily FX Market Roundup 07.15.16 The U.S. dollar traded higher against most of the major currencies today following better than expected consumer spending numbers. Retail sales rose 0.6% in the month of June, which was significantly higher than the market’s 0.1% ...

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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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