DXY

European Open Preview – Sterling rallies ahead of crucial economic data

Posted on April 17, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was 0.1% lower on Tuesday, extending the losses it posted yesterday amid renewed speculation that the US administration is seeking a weaker currency. Sterling/dollar traded 0.15% higher today after surging yesterday as well, reaching a fresh high last seen in June 2016, amid speculation that upcoming UK economic data will “green light” a rate hike by the Bank of England in May. STOCKS: US markets closed higher yesterday, buoyed [..]

US Open Preview – Pound in bullish mode despite Syria strikes; US retail sales pending

Posted on April 16, 2018 at 11:40 am GMT

Here are the latest developments in global markets: FOREX: The dollar was struggling to gain ground during the early European afternoon against the Japanese yen (-0.11%) ahead of the US retail sales released later in the day. The yen was making a comeback during today’s European session as geopolitical risks were hanging in the background following Saturday’s military attack in Syria conducted by the US, France, and Britain, though the negative market reaction has been muted so far. It is worth mentioning that [..]

US Open Preview – Pound in bullish mode after Syria strikes; US retail sales pending

Posted on April 16, 2018 at 11:36 am GMT

European Open Preview – Risk trades supported as geopolitical concerns fade; US retail sales in the spotlight

Posted on April 16, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded lower on Monday, but by less than 0.1%, showing little response to the US military strike on Syria over the weekend. STOCKS: US markets closed lower on Friday, though they appear set for a recovery today. The Dow Jones and the Nasdaq Composite both fell by 0.5%, while the S&P 500 shed 0.3% of its value. That said, futures tracking the Dow, S&P, and Nasdaq 100 are currently pointing [..]

US Open Preview – Risk appetite resumes; oil at fresh three-year highs

Posted on April 13, 2018 at 11:37 am GMT

Here are the latest developments in global markets: FOREX: While war and trade risks have not fully faded, Trump’s tweets on Thursday showed that the US president is considering to rejoin the Trans-Pacific free trade partnership, which he pulled out in his first months in the role. His remarks also indicated that he wanted to avoid tit-for-tat tariffs with China. In the wake of the comments, investors turned focus to riskier investments, sending safe havens lower, with dollar/yen crawling up to [..]

European Open Preview – Markets turn optimistic as risks moderate; U of M consumer sentiment survey eyed in US

Posted on April 13, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Friday, but by less than 0.1%, extending the gains it posted yesterday as geopolitical and trade risks moderated, and the yields on longer-term US Treasuries surged. The yen traded 0.2% lower against both the euro and the dollar, as the risk-on environment curtailed demand for the safe haven Japanese currency. STOCKS: US markets closed higher, boosted by signals that the situation in Syria may not [..]

US Open Preview – Dollar sees some gains as Kremlin calms war tensions; ECB meeting minutes next

Posted on April 12, 2018 at 11:04 am GMT

Here are the latest developments in global markets: FOREX: An exchange of war words between the two nuclear-armed powers, the US and Russia yesterday regarding strikes in Syria continued to weigh on the dollar during early European afternoon despite the FOMC minutes from the March meeting embracing a positive outlook on the economy. Still, comments by the Kremlin today, supporting that further tensions in Syria should be avoided, eased somewhat the risk-off sentiment. The dollar index rose to 89.77 but [..]

European Open Preview – Geopolitical concerns creep into markets; ECB minutes eyed

Posted on April 12, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded practically unchanged on Thursday, with the currency unable to draw much support from the hawkish signals in the FOMC minutes, amid escalating tensions in the Middle East pushing US Treasury yields lower. STOCKS: US markets closed lower yesterday, weighed on both by the optimistic tone of the FOMC minutes and rising geopolitical tensions, with the US-Russia standoff over Syria dominating headlines. The Dow Jones led the [..]

US Open Preview – Dollar faces headwinds as geopolitical risks weigh; FOMC minutes & US CPI figures in focus

Posted on April 11, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: While trade concerns seemed to ease following an encouraging speech by the Chinese President yesterday, who promised to improve the business environment for foreign companies, a pledge later outlined in more detail by the People’s Bank of China Governor, geopolitical fears appeared in the horizon. Particularly investors turned cautious after Western countries including the US and France were considering taking military action against Syria’s government in response to last week’s chemical attack [..]

European Open Preview – Abating trade woes support risk; dollar eyes FOMC minutes & CPIs

Posted on April 11, 2018 at 7:57 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded nearly 0.1% lower on Wednesday, touching a fresh 2-week low ahead of the release of US CPI data and the minutes from the latest FOMC meeting. Both the euro and the pound gained yesterday, amid hawkish remarks from ECB and BoE officials respectively. Commodity currencies such as the aussie, kiwi, and loonie, were all a touch softer today, giving back some of the notable gains they posted [..]

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