FX Daily Outlook | 01-06-17
Posted on June 1, 2017 at 8:57 am GMT[..]
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Forex Market Review (Asian Session) – Aussie swings from gains to losses on Australian retail sales and Chinese data; oil rebounds after API
Posted on June 1, 2017 at 7:19 am GMTThe Australian dollar had a choppy session after domestic and Chinese data. The greenback moved higher while oil rebounded from a two-day decline after the API report. The aussie jumped against the greenback to a high of $0.7453 after Australian retail sales were stronger than expected. It reversed gains on disappointing Chinese manufacturing PMI data, which took the currency down to its lowest level since May 12 at $0.7383. China is Australia’s major trading partner. Australian retail sales rebounded sharply [..]
FX Daily Outlook | 31-05-17
Posted on May 31, 2017 at 8:46 am GMT[..]
Forex Market Review (Asian Session) – Sterling tumbles to 5-week low versus yen after new UK election poll; kiwi jumps on NZ confidence data
Posted on May 31, 2017 at 7:18 am GMTSterling was one of the worst performing major currencies against the dollar as it slumped on election jitters. The aussie was briefly boosted by PMI data out of China. The kiwi jumped on business confidence data. The pound fell half a percent against the greenback in early Asian session trading after a UK election poll showed the risk of a hung parliament. A poll conducted by YouGov showed the Conservative Party might lose as many as 20 of the 330 [..]
FX Daily Outlook | 30-05-17
Posted on May 30, 2017 at 8:46 am GMT[..]
Forex Market Review (Asian Session) – Euro slips on dovish Draghi; yen gains on risk aversion
Posted on May 30, 2017 at 7:32 am GMTThe euro came under pressure on dovish comments from European Central Bank President Mario Draghi. The yen was supported by general risk off sentiment in the markets today. Safe haven gold saw another leg higher. Japan and Australia released economic data during the Asian session. The unemployment rate in Japan held steady near its lowest level in 20 years at 2.8% in April. Retail sales rose more than expected by 3.2% year-on-year in April and were up from a prior [..]
Week Ahead – US jobs report in focus after cautious Fed minutes
Posted on May 26, 2017 at 3:50 pm GMTThe main focus of the coming week will be the non-farm payrolls numbers out of the US as a positive report could pave the way for a June rate hike by the Fed. Japan will also have a busy data week, while Eurozone flash inflation and UK PMIs will be important too. Eurozone flash CPI to show inflation falling It will be a very quiet start to the week as Chinese, UK and US markets will be shut for a [..]
FX Daily Outlook | 26-05-17
Posted on May 26, 2017 at 8:18 am GMT[..]
Forex Market Review (Asian Session) – Oil slides after OPEC fails to do more; sterling drops on polls
Posted on May 26, 2017 at 7:09 am GMTSterling was one of the worst performing major currencies against the US dollar after tumbling on a recent poll showing UK Prime Minister Theresa May’s lead was falling. Oil slid on disappointment following the OPEC deal. Investors were hoping for deeper cuts at the OPEC gathering in Vienna yesterday that also included some non-OPEC producers. A deal was reached to extend a current output cut agreement by another nine months, taking it to March 2018. This was already priced in [..]
Forex Market Review (European Session) – Dollar still weighed by Fed minutes; Oil falls after OPEC extends cuts
Posted on May 25, 2017 at 2:17 pm GMTThe US dollar remained weighed by yesterday’s FOMC minutes where Fed policymakers appeared a bit more concerned about the soft patch affecting the US economy. Crude oil was also in focus as OPEC and some non-OPEC countries met in Vienna to discuss whether to extend the output cut deal, which is due to expire at the end of June. The greenback bounced back in Thursday’s European session, rising as high as 111.94 yen from yesterday’s low of 111.47 yen, before [..]
