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Asian Session – Dollar rebounds back above 102 yen despite strong Japanese data

Posted on August 30, 2016 at 8:34 am GMT

The dollar rose marginally against major currencies in Asian trading on Tuesday as investors eyed Friday’s non-farm payrolls report. The August jobs report out of the US will be closely watched following the recent hawkish tones of Fed officials, including Fed Chair Janet Yellen herself. The greenback extended its declines at the start of today’s Asian session to hit a low of 101.74 against the yen before reversing to climb to around 102.40 yen in late session. The euro and [..]

Asian Session – Dollar extends gains on Yellen rate comments

Posted on August 29, 2016 at 8:45 am GMT

The US dollar extended its gains in Asian trading on Monday as markets increased their expectations that the Federal Reserve will likely raise interest rates later this year. Speaking at the Jackson Hole Symposium on Friday, Fed Chair Janet Yellen reiterated the hawkish views of other Fed officials in recent days. Yellen said the US economy is “nearing the Federal Reserve’s statutory goals of maximum employment and price stability”. She added that the “case for an increase in the federal [..]

Asian Session – Dollar softer ahead of Yellen; Yen unmoved by weak Japan inflation data

Posted on August 26, 2016 at 8:32 am GMT

The US dollar fell against most major currencies on Friday as traders remained wary ahead of Fed Chair Janet Yellen’s much anticipated speech later in the day at the Jackson Hole economic symposium in Wyoming, United States. The dollar index was down 0.2% on the day as the US currency lost ground against most majors but it was flat against the yen. The Japanese currency came under some pressure after data out today showed inflation in Japan fell deeper into [..]

Asian Session – Dollar edges higher on strong housing data but trading cautious ahead of Yellen

Posted on August 24, 2016 at 8:20 am GMT

Currency markets were stuck in a summer lull as the absence of any major data and cautiousness ahead of Yellen’s speech later this week kept trading subdued in Wednesday’s Asian session. The dollar was lifted from stronger-than-expected new home sales figures out of the US yesterday with investors shrugging off a slightly weaker-than-expected flash manufacturing PMI reading. The greenback spiked below 100 yen several times before edging higher after the housing data. It was last trading around 100.30 yen in [..]

Oil back in bull market but rally could already be fizzling out

Posted on August 22, 2016 at 1:16 pm GMT

Oil prices have seen an impressive rally of over 20% ever since reports of fresh efforts to revive talks for a production freeze started emerging in early August. The latest rally reversed most of the declines since June when prices briefly broke above $50 a barrel. The six-month long uptrend from January to June that took prices to near one-year highs was partly driven by supply disruptions and declining US output, and partly by the failed negotiations in April to [..]

Asian Session – Dollar extends gains as Fed’s Fischer adds to hawkish voices

Posted on August 22, 2016 at 8:30 am GMT

Markets were quiet on the first trading day of the week as the summer holiday and a very light calendar kept traders away. The main driver of currency markets on Monday were comments from Fed Vice Chairman Stanley Fischer, which triggered a fresh rally in the dollar. Speaking at a conference in Colorado on Sunday, Fischer said the Fed is getting close to hitting its targets for full employment and 2% inflation. He added that although jobs growth has slowed [..]

Asian Session – Dollar supported by hawkish Fed comments; Aussie dips on banks rating warning

Posted on August 19, 2016 at 8:28 am GMT

Currency markets were subdued on the last trading day of the week as volumes were thin due to the summer holiday and in the absence of any major data releases. The main market mover was more hawkish comments from Regional Fed presidents William Dudley and John Williams, which provided some support to the dollar. Dudley reiterated on Thursday that the US is getting closer to full employment and that economic growth should strengthen in the second half of 2016. Meanwhile, [..]

European Session – Aussie and kiwi surge as dollar slumps to one-week low

Posted on August 10, 2016 at 2:59 pm GMT

Risk sentiment remained subdued in European trading on Wednesday as the dollar continued to face downward pressure on renewed doubts about the likelihood of a Fed rate hike this year. The dollar index, which measures the greenback against a basket of currencies, fell to a one-week low of 95.44 in late European session as traders bet that the Fed will likely wait for stronger evidence of rising inflationary pressures before raising rates given the muted pace of economic growth. The [..]

Daily FX Outlook| 10-08-16

Posted on August 10, 2016 at 10:27 am GMT

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Asian Session – Yen rises on weaker dollar and strong Japanese data

Posted on August 10, 2016 at 8:34 am GMT

The yen firmed against major currencies on Wednesday as fading risk appetite and weak US data weighed on the dollar. Hourly output per worker in the US fell for the third straight quarter, raising concerns about the prospect of future GDP growth in the US. The dollar slipped below the 102 level against the yen after the data and drifted further lower in Asian trading today to stand at 101.40 yen in late session. Further aiding the yen today were [..]

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