FX Daily Outlook | 08-05-17
Posted on May 8, 2017 at 9:59 am GMT[..]
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Forex Market Review (Asian Session) – Euro jumps on French elections results, hits one-year high versus yen
Posted on May 8, 2017 at 7:55 am GMTThe results of the French presidential elections provided a boost for risk assets as the Emmanuel Macron victory provided more certainty for the markets, versus a Marine Le Pen win. The euro strengthened against most major counterparts and hit a six-month high against the US dollar, as Macron’s margin of victory was far greater than expected. The euro jumped in a knee-jerk reaction when markets opened today and rose above the $1.1000 level for first time since November, although gains [..]
FX Daily Outlook | 05-05-17
Posted on May 5, 2017 at 8:02 am GMT[..]
Forex Market Review (Asian Session) – Oil crashes on oversupply concerns; aussie pressured by slipping iron ore prices
Posted on May 5, 2017 at 7:40 am GMTOil prices tumbled on concerns of a supply glut, which saw WTI crude slipping below $45 a barrel for the first time since the November OPEC deal to cut production. The Aussie headed for a weekly loss and the commodity-linked Canadian dollar was hit hard as well. Risk aversion in the markets helped boost the safe haven yen. The dollar fell to 112.08, moving off yesterday’s seven-week high of 113.04 yen. The main risk event for the greenback will be [..]
Investment Theme – Australian dollar dragged down by falling commodity prices; diverging RBA and Fed also a factor
Posted on May 4, 2017 at 2:43 pm GMTThe Australian dollar dropped to a four-month low against its US counterpart on Thursday, driven lower by tumbling prices of base metals, which Australia exports. Adding pressure on the aussie was a broadly stronger greenback following the Federal Reserve policy meeting on Wednesday which ended with a relatively hawkish statement that signaled the US central bank was still on course for further rate hikes this year, and possibly as early as June. Base metal prices fell sharply today, and iron ore [..]
FX Daily Outlook | 04-05-17
Posted on May 4, 2017 at 9:45 am GMT[..]
Forex Market Review (Asian Session) – Aussie falls to four-month low; US dollar hits six-week high versus yen after FOMC; gold tumbles
Posted on May 4, 2017 at 7:32 am GMTThe dollar was firmer today and held onto gains after rallying to a six-week high against the yen on a hawkish Federal Reserve yesterday. The FOMC unanimously decided to leave interest rates unchanged but signaled that the recent disappointing US economic data would not derail plans for further rate hikes this year. The Fed indicated that it saw the slowdown in first quarter growth as transitory. The markets reacted positively to the FOMC statement and are still pricing in a [..]
Forex News – RBA holds interest rate unchanged at historic low of 1.5%
Posted on May 2, 2017 at 10:48 am GMTThe Reserve Bank of Australia left its cash rate unchanged at a historic low of 1.5% during its policy meeting on Tuesday. This was widely expected by the markets and the steady interest rate policy is consistent with sustainable economic growth and with meeting the central bank’s inflation target over time. The RBA is aiming to boost inflation while maintaining financial stability amid record household debt. The official cash rate has been on hold for nine months since it was [..]
FX Daily Outlook | 02-05-17
Posted on May 2, 2017 at 9:19 am GMT[..]
Forex Market Review (Asian Session) – Yen and gold softer; aussie fluctuates after RBA
Posted on May 2, 2017 at 7:23 am GMTThe yen and gold held losses as risk appetite picked up due to easing concerns over North Korea, which helped offset soft data from China today. US President Donald Trump said on Monday that he would be willing to meet with North Korea’s leader Kim Jong Un. Meanwhile, a tentative deal by the US Congress to avert a government shutdown eliminated another concern for the markets. Data out of China today showed softer-than-expected factory activity in the world’s second largest [..]
