DXY

Forex Market Review (Asian Session) – Euro slips as Austria shifts to the right; dollar edges up after Yellen bets on higher inflation

Posted on October 16, 2017 at 7:24 am GMT

The euro was on track to post a third consecutive red candle in Asia after Austrian national elections during the weekend heightened political risks in Europe, while markets are eagerly anticipating what the Catalan leader will say today before his deadline. On the other hand, the dollar managed to edge up against a basket of major currencies after the Fed chair shared her hawkish prospects for inflation. European far-right parties seem to gain support in Europe again despite defeats in France and [..]

Forex Market Review (European Session) – Dollar takes a breath as consumer prices disappoint; aussie, kiwi gain the most

Posted on October 13, 2017 at 3:12 pm GMT

While market watchers expected today’s US inflation report to give a clearer picture of the inflation path amid concerns whether subdued inflation is temporary or persistent, uncertainties over the direction of inflation increased after US consumer prices disappointed analysts, reducing the odds for a third rate hike before the end of the year. The widely-expected data on US consumer prices fell short of expectations in September, with the headline CPI index growing at 0.5% m/m, while analysts anticipated the figure to rise by [..]

Week Ahead – UK inflation, Japanese trade data among week’s important releases; Party Congress eyed in China

Posted on October 13, 2017 at 3:09 pm GMT

Next week’s economic releases, which includes UK inflation figures, can determine the future path of monetary policy for major economies, while political events, such China’s five-yearly Communist Party Congress commencing on Wednesday, perhaps have the capacity to steer developments for the years to come. Chinese Party Congress, Japanese trade data and elections further ahead and Australian employment to be closely watched Data on producer as well as on consumer prices for the month of September will be released out of [..]

Forex Market Review (Asian Session) – Dollar pulls back ahead of inflation data; pound rallies as EU looks to offer UK 2-year single market transition

Posted on October 13, 2017 at 8:15 am GMT

Concerns on the inflation path and questions on the future of tax plans continued to weigh on the dollar on Friday, while the pound drifted higher on reports that the UK may get a 2-year transitional period before it exits the EU. Although yesterday’s encouraging data on US producer prices and initial jobless claims helped the dollar to gain some ground against its major counterparts, markets remained cautious on the timing of another interest rate hike in 2017 after the Fed’s September meeting [..]

Forex Market Review (European Session) – Pound drifts lower after Barnier says Brexit talks are in “deadlock”; dollar recovers

Posted on October 12, 2017 at 3:16 pm GMT

The pound could not sustain its rally started during the Asian session on Thursday after discouraging comments on Brexit’s progress by the EU chief negotiator pushed the currency down, making it the worst performer among its major peers. The pound’s weakness, as well as US data on PPI and initial jobless claims, gave a lift to the dollar. The fifth round of Brexit talks, which are to be temporarily suspended when the two-day EU summit starts on October 19, was not constructive enough for the negotiations to move to [..]

Forex Market Review (Asian Session) – Dollar faces headwinds after FOMC minutes; euro rises as Rajoy sets deadline for Puigdemont

Posted on October 12, 2017 at 8:08 am GMT

The dollar was mostly in the red against its major counterparts during the Asian session after the FOMC meeting minutes released on Wednesday indicated that Fed policymakers had doubts on the inflation path. In contrast, the euro was on track to post gains for the fifth straight day as Catalonia’s questioned status of independence is likely to clear out next week. On late Wednesday, the minutes of the Fed’s September meeting sounded dovish to investors’ ears as the statement showed that policymakers are concerned that factors weighing on inflation [..]

Forex Market Review (European session) – Dollar dives ahead of Fed meeting minutes; euro rallies as Catalonia-related risk eases

Posted on October 11, 2017 at 3:30 pm GMT

The dollar was the worst performer during the European session on Wednesday as both geopolitical risks and uncertainty over Trump’s fiscal policy dragged the currency lower against other major currencies. Comments by the Chicago Fed President, Charles Evans, and disappointing readings on JOLTS job openings added further losses to the greenback. On the other hand, the euro was performing the best as the absence of a formal Catalan independence declaration relieved markets which feared possible negative political implications. The Spanish government, though, accused the Catalan leader of causing confusion with his actions. With the North Korean story [..]

Forex Market Review (Asian Session) – Euro holds strong as Puigdemont delays Catalonia’s independence; dollar heavy amid concerns on tax legislation

Posted on October 11, 2017 at 7:49 am GMT

The Asian session was relatively quiet on Wednesday as economic releases were limited. Following a stressful day in Spain, where Catalonia’s independence was put on hold, the euro remained strong above the 1.18-key level overnight, while the dollar was under pressure against its peers amid escalating geopolitical risks and fears of tax overhaul failing to turn into law. While thousands of people and armed police forces were gathered in front of the Catalan parliament ready to counteract a possible “Yes vote” on Catalonia’s separation [..]

Forex Market Review (European session) – Dollar extends losses as North Korea story gets complicated; euro strengthens ahead of Catalonia’s possible independence declaration

Posted on October 10, 2017 at 4:02 pm GMT

The dollar tumbled to just a shade above the 93 key-level against a basket of major currencies in the wake of news that North Korean hackers had stolen military documents from the South Korean defence ministry in September 2016, including South Korean/US war plans which involved to some part the formation of a military unit to eliminate the North Korean leader, Kim Jong Un. Moreover, speculation over North Korea launching a long-range missile test over the coming days also weighed on the greenback. [..]

Forex Market Review (Asian Session) – Euro moves higher as Puigdemnont heads to Parliament; aussie rallies on improved business conditions

Posted on October 10, 2017 at 8:08 am GMT

With Japanese and South Korean markets returning from holidays, the dollar failed to gain ground against its rivals as investors continued pricing geopolitical tensions between the US and North Korea. On the other hand, the euro and the aussie were in an uptrend as economic conditions in the regions showed signs of improvement. The greenback was trading 0.18% lower against its major rivals at 93.54 with markets being cautious whether North Korea will conduct another missile test over the next days, challenging the US [..]

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