crude oil

European Session – Euro extends gains on strong Ifo; Dollar eyes Fed speakers and Clinton-Trump debate

Posted on September 26, 2016 at 2:22 pm GMT

Risk sentiment deteriorated during the course of the day with the US dollar coming under renewed pressure in Monday’s European session. Key risk events such as a series of speeches by Fed policymakers today and in the rest of the week, as well as the US presidential election debate later in the day, kept the dollar under pressure against most major currencies. Global equities also took a tumble as investors around the world await the first of three televised debates [..]

FX Daily Outlook | 26-09-16

Posted on September 26, 2016 at 9:05 am GMT

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European Session – Dollar rebounds modestly against yen but sags against euro, pound

Posted on September 22, 2016 at 3:00 pm GMT

The US dollar steadied in European trading on Thursday having earlier slid to a 4-week low against the yen following yesterday’s FOMC meeting. The euro and the pound continued to advance higher against the dollar however, adding to yesterday’s gains when the dollar fell after the Fed lowered its longer-run rate outlook even as it signalled one rate hike before the year-end. The euro hit a one-week high of 1.1257 dollars as there was little else apart from the FOMC [..]

European Session – Pound underperforms in muted trading weighed by ‘hard’ Brexit fears

Posted on September 20, 2016 at 2:53 pm GMT

The British pound underperformed other major currencies in Tuesday’s European session, while uncertainty ahead of the US Federal Reserve and Bank of Japan policy decisions tomorrow kept trading muted. Central bank policy was once again the dominant market theme as the absence of any other headlines meant investors’ focus was on the Fed and the BoJ, which both start their two-day policy meetings today and will announce their decisions tomorrow. The dollar was stuck in a tight range against the [..]

Asian Session – Euro extends gains after ECB disappoints; Oil prices hold at 2-week highs

Posted on September 9, 2016 at 8:35 am GMT

The ECB’s less dovish tone yesterday continued to weigh on risk appetite in financial markets on Friday, while reports that North Korea had carried out another nuclear test also hit sentiment in Asian trading today. The euro jumped to a two-week high of 1.1326 dollars after yesterday’s decision by the European Central Bank to keep monetary policy unchanged. But it later pulled back before reversing upwards again to climb to 1.1284 dollars in Friday’s Asian session. Today’s gains were capped [..]

Asian Session – Yen holds onto gains after GDP revised up, BoJ Deputy speech

Posted on September 8, 2016 at 8:38 am GMT

The yen held on to its gains on Thursday following the dollar’s post-ISM sell-off as an upward revision to Japanese GDP in the second quarter provided further support to the yen. There was muted reaction though to a speech by the Bank of Japan’s Deputy Governor, Hiroshi Nakaso, who signalled that rates could be cut deeper into negative territory. Japan’s economy expanded by an annualized rate of 0.7% in the second quarter of the year, up from the preliminary estimate [..]

Asian Session – Aussie up as RBA holds rates; crude oil prices steady after Russia-Saudi agreement

Posted on September 6, 2016 at 8:21 am GMT

The Australian dollar was one of the biggest gainers in today’s Asian session as the Reserve Bank of Australia kept interest rates unchanged at 1.5% at its September policy meeting. The decision was widely expected but the absence of any fresh signals to cut rates in the near future helped the aussie hold on to the gains it made ahead of the announcement. The aussie advanced to 0.7636 versus the US dollar just before the RBA’s decision before pulling back [..]

European Session – Euro pressured after Eurozone PMI revised down; Oil up sharply on Saudi-Russia deal

Posted on September 5, 2016 at 2:51 pm GMT

Services PMIs for the UK and Eurozone were the highlight of today’s European Session as there was no data out of the US today where markets are closed for Labor Day. The euro came under pressure from a surprise downward revision to the final reading of the Eurozone’s services PMI, while the pound was boosted by a stronger-than-expected recovery in UK services activity in August. The dollar meanwhile continued to drift lower against the yen, hitting an intra-day low of [..]

Asian Session – Dollar softer on profit taking; Strong China PMI lifts commodities

Posted on September 1, 2016 at 8:02 am GMT

The US dollar eased off yesterday’s one-month highs against the yen in today’s Asian session as investors took profits from a week-long rally. The greenback was boosted on Wednesday from strong ADP employment and housing data and the focus now moves to the ISM manufacturing PMI due later today. The dollar peaked at 103.52 yen yesterday and was trading slightly lower at around 103.30 yen in today’s Asian session. Against other currencies, the greenback was mixed as the Australian and [..]

Asian Session – Dollar breaks above 103 yen; BoJ comments add to broader yen weakness

Posted on August 31, 2016 at 8:09 am GMT

Growing expectations that the Fed is poised to raise rates at least once this year lifted the dollar to a one-month high against the yen today. The dollar broke above the 103 level on Monday for the first time since the end of July and extended its gains to 103.27 during today’s Asian session. Fed Vice Chair Stanley Fischer yesterday reiterated Yellen’s views when she spoke in Jackson Hole last Friday that the US labor market is nearing full employment [..]

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