AUDUSD

Asian session – Dollar extends sell-off following lack of economic policy details from Trump

Posted on January 12, 2017 at 8:23 am GMT

The US dollar sold off following the press conference of President-elect Donald Trump as there was little in the press conference itself to suggest that fiscal stimulus in the form of tax cuts or infrastructure spending was imminent once the new President assumes office on January 20. The dollar index lost almost 2 percent from its pre-conference high as it fell from 102.95 to today’s Asian session low of 101.14. Given the lack of fiscal policy details and Trump’s focus [..]

European Session – Markets look to Trump press conference for direction; dollar edges higher

Posted on January 11, 2017 at 3:25 pm GMT

Major currencies see-sawed in their recent trading ranges, with the US dollar edging upwards ahead of the much anticipated press conference by Donald Trump later in the day. The President-elect is due to hold his first press conference since his election win at around 1600 GMT where he is expected to provide some clarity on his policies. Investors will be particularly interested in his trade and economic policies given much talk about a fiscal stimulus and import tariffs. The dollar [..]

European Session – Dollar struggles for direction in subdued trading

Posted on January 10, 2017 at 3:51 pm GMT

Currency markets were muted in European trading today as the absence of major data and investor angst about US President-elect’s press conference on Wednesday led to more cautious trading. The US dollar see-sawed around the 116 yen level while the euro was unable to hold above $1.06 by late European trading. Market concerns about what Donald Trump might reveal about his policies, particularly on trade, tax cuts and relations with China when he holds his first press conference since the [..]

European Session – Dollar erases gains but pound steadies as hard Brexit fears linger

Posted on January 9, 2017 at 4:23 pm GMT

The yen saw increased demand in Monday’s European session, leading the US dollar to give up its earlier gains against the Japanese currency. Other currencies also lost ground against the yen, particularly the British pound, which has been hit today by fresh concerns of a hard Brexit following comments by UK PM Theresa May over the weekend. Softer US treasury yields helped the yen higher in late European trading, with the dollar slipping back below 117 yen to around 116.35 [..]

Asian session – US dollar off highs while European PMIs, flash inflation on tap

Posted on January 4, 2017 at 8:08 am GMT

The US dollar index backed off a little from its 14-year high registered the previous day, as traders took stock of the greenback’s strong start to the New Year. Manufacturing sentiment in the US, China, the UK and Japan seemed to confirm that the global economy was starting 2017 in a positive spirit, which augured well for further Fed rate hikes and an even stronger dollar. The euro managed to reclaim the 1.04 level for now, having dipped to as [..]

FX Daily Outlook | 30-12-16

Posted on December 30, 2016 at 10:28 am GMT

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European Session – Dollar attempts a rebound in muted holiday trading

Posted on December 29, 2016 at 3:54 pm GMT

Currency markets were subdued on Thursday as volumes remained light with just one more trading day left before the end of the year. The US dollar moved away from the two-week lows it touched against the yen earlier in the day, while the euro and the pound managed to hold on to key levels. With little in terms of new data to excite the markets, US treasury yields continued to be the main driver of the dollar. Treasury yields came [..]

FX Daily Outlook | 29-12-16

Posted on December 29, 2016 at 10:54 am GMT

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Asian Session – Dollar pulls back against yen on weak data, BoJ summary

Posted on December 29, 2016 at 9:04 am GMT

The US dollar slipped to two-week lows against the yen in Thursday’s Asian session as a combination of disappointing US homes sales numbers and a relatively upbeat summary of opinions by the Bank of Japan drove the greenback below 117 yen. The euro rebounded back above 1.04 dollars, while commodity-linked currencies also made modest gains. An unexpected drop in pending home sales in the United States in November raised concerns about the possible impact of rising interest rates on the [..]