FX Daily Outlook | 10-04-17
Posted on April 10, 2017 at 8:02 am GMT[..]
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Forex Market Review (Asian Session) – Dollar extends gains; euro at one-month lows; focus on Yellen
Posted on April 10, 2017 at 7:41 am GMTThe dollar rose for a third day against the yen despite Friday’s lower-than-forecast US non-farm payrolls (NFP) report, as risk aversion somewhat faded following Friday’s news of a US missile strike in Syria. The dollar index is trading near a four-week high. There was a relatively light economic calendar for the Asian session. Japan released upbeat current account data which had little impact on the yen. In Australia, home loans data were worse-than-expected and this had a negative impact on [..]
Week Ahead – Inflation data out of US, UK and China expected; Yellen speech eyed
Posted on April 7, 2017 at 2:35 pm GMTA stream of key economic data will be released in the coming week, with focus on the UK and the US, as both release inflation numbers. UK jobs and inflation data All eyes will also be on the UK labour market report, and notably on average earnings figures, for any sign that the higher inflation may be feeding through to employee pay. The Bank of England will likely closely watch the data, as softer wage growth would weaken the case [..]
FX Daily Outlook | 06-04-17
Posted on April 6, 2017 at 8:54 am GMT[..]
Forex Market Review (Asian Session) – Dollar retreats after FOMC minutes; aussie dips on weak China PMI
Posted on April 6, 2017 at 7:21 am GMTThe US dollar extended losses during the Asian session today and remained under pressure after a big drop following Wednesday’s release of the FOMC minutes. Sentiment is broadly risk off in the markets today as investors turn their focus to a two-day meeting between US President Donald Trump and Chinese President Xi Jinping that begins today. Meanwhile, Friday’s US jobs report is also a big risk event that would keep investors cautious. The minutes of the Federal Reserve meeting that [..]
Forex News – Dovish RBA sends aussie lower
Posted on April 4, 2017 at 2:21 pm GMTThe Australian dollar took a tumble after the Reserve Bank of Australia Governor Philip Lowe made some dovish comments on the domestic labour market and over-heated housing sector. Lowe’s comments came just hours after an RBA policy meeting where the official cash rate was kept at a record low 1.5%. This was the eighth straight month that interest rates were not changed since the last 25 basis-point cut in August 2016. The RBA’s stance appeared to be neutral but the [..]
FX Daily Outlook | 04-04-17
Posted on April 4, 2017 at 8:28 am GMT[..]
Forex Market Review (Asian Session) – Dollar broadly weaker as yen, gold rise on safe haven demand; aussie falls after RBA
Posted on April 4, 2017 at 7:38 am GMTThe Australian dollar fell after the Reserve Bank of Australia’s policy meeting. Safe haven assets such as the yen and gold were some of the best performers in a broadly risk averse environment in the markets today, as investors were being cautious ahead of major risk events later in the week. The RBA kept the cash rate unchanged at 1.50% after a policy meeting today, as was widely expected. The Bank’s statement raised concerns about the overheated domestic housing market [..]
Forex News – Australian retail sales and housing data weigh on aussie as RBA expected to hold rates
Posted on April 3, 2017 at 10:22 am GMTAustralia released key data on the country’s retail sector, the manufacturing sector and the housing sector, which included building approvals and home prices. The market’s focus was mainly on the retail sales number, which unexpectedly fell and pressured the aussie lower against the dollar to dip briefly below the key $0.7600 level soon after the data was released. Despite a weak retail sales sector, the AIG manufacturing index indicated robust growth in the sector, coming in at 57.5 in March, [..]
FX Daily Outlook | 03-04-17
Posted on April 3, 2017 at 8:27 am GMT[..]
