DXY

European Open Preview – Yen bulls return as trade frictions intensify; ECB Forum gathers attention

Posted on June 19, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower on Tuesday, though by less than 0.1%. Meanwhile, the Japanese yen is 0.8% higher against the dollar and nearly 1.0% stronger versus the euro, as signs of further escalation in trade tensions between the world’s two largest economies are diverting flows into safe-haven assets. STOCKS: US markets closed mostly lower on Monday, amid [..]

US Open Preview – Trade fears keep market bears around

Posted on June 18, 2018 at 11:41 am GMT

Here are the latest developments in global markets: FOREX: A trade war between the US and China, which could harm global trade, got nasty on Friday when China decided to apply a 25% tariff on several US imports (taking effect on July 6) as a response to an extra 25% tariff imposed by Washington on Chinese imports on the same day. Investors turned more cautious thereafter, pushing dollar/yen down to 110.45 (-0.19%) on Monday, while the dollar index which gauges the [..]

European Open Preview – Markets shrug off escalating trade tensions; Brexit also in the spotlight

Posted on June 18, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was higher by nearly 0.1% on Monday, staying close to the seven-month high it posted last week. The Canadian dollar was 0.15% higher against its US counterpart, trying to recover some of the oil-induced losses it posted on Friday, when it reached a one-year low. STOCKS: US markets closed lower on Friday in the aftermath of tariff announcements from both the US and China, though the magnitude of the downside moves [..]

US Open Preview – Euro posts modest gains but set for weekly loss; Trump to finalize list of targeted Chinese goods

Posted on June 15, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: The euro edged higher by 0.26% versus the US dollar on Friday but was set to post its biggest weekly loss in 19 months after the European Central Bank (ECB) signaled it will keep rates at record lows until late 2019, pushing euro/dollar down by more than 250 pips at one point on Thursday. Meanwhile, Eurozone’s final CPI readings for May were in lie with preliminary estimates, with ECB member, Ewald Nowotny, saying that the central bank’s inflation target of just [..]

European Open Preview – ECB announces QE end, but dovish on hikes; trade developments eyed

Posted on June 15, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is up by almost 0.25% on Friday, touching a fresh 7-month high and extending the spectacular gains it posted yesterday as the currency with the heaviest weight in the index – the euro – collapsed after the ECB policy decision (see below). The yen was on the back foot as well, falling by 0.2% versus the dollar, after the BoJ downgraded its inflation view at its own policy [..]

US Open Preview – Euro bulls run higher ahead of ECB rate decision; BoJ policy meeting eyed too

Posted on June 14, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: The focus turns to the European Central Bank (ECB) interest rate decision and press conference a bit later on Thursday, with euro/dollar picking up by 0.31% before the meeting. The US dollar dived back from 3-week highs against the Japanese yen on Wednesday, erasing previous gains made after the Fed signaled two more rate hikes this year, bringing the total number of rises to four from the three previously thought. The FOMC raised the Fed funds [..]

European Open Preview – Dollar slips despite ‘hawkish’ Fed; all eyes on ECB

Posted on June 14, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.3% lower on Thursday, extending losses from the previous session. Although the Fed raised rates and upgraded its rate-path projections to signal one additional hike this year, Chairman Powell played down these hawkish signals in his press conference, sending the US currency lower overall. Meanwhile, haven currencies like the Japanese yen and Swiss franc are higher today, following reports the US may introduce tariffs on China [..]

US Open Preview – Dollar hits fresh 3-week highs ahead of FOMC rate decision

Posted on June 13, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: Sterling dipped towards a 1-week low of 1.3310 against the US dollar on Wednesday (-0.20%) after CPI figures out of the UK missed slightly expectations on a yearly basis, coming at 2.4% instead of 2.5% analysts forecasted. Dollar/yen reached a 3-week high of 110.71 (0.15%) before the two-day FOMC policy meeting concludes later today, which will give hints on how many more rate hikes are in the Fed’s radar. The dollar index, which measures the dollar’s [..]

European Open Preview – Dollar inches up ahead of Fed decision; UK CPI coming up

Posted on June 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by a little more than 0.1% on Wednesday, ahead of the Fed policy decision at 1800 GMT, where the central bank is widely anticipated to raise interest rates. In the UK, sterling managed to rebound against the euro and the yen yesterday, following a vote in Parliament that was interpreted as making a “softer” Brexit more likely. STOCKS: US markets closed mixed on Wednesday, with the Nasdaq [..]

US Open Preview – Sterling heads up despite a miss in wage numbers; Brexit vote in Parliament eyed

Posted on June 12, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The greenback moved higher to a new three-week high of 110.49 versus the Japanese yen on Tuesday (+0.22%) after a successful meeting between the US President Donald Trump and the North Korean leader Kim Jong Un during the Asia session. They agreed to achieve a complete denuclearization of the Korean peninsula while Washington committed to provide security guarantees to North Korea but kept sanctions against its old enemy in place for now. Later in the day, [..]

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