DXY

Forex Market Review (Asian Session) – Dollar tumbles on rising US – North Korea tensions; pound flat ahead of May’s Brexit speech

Posted on September 22, 2017 at 8:06 am GMT

The risk-off sentiment reemerged on Friday in Asia, as the North Korean leader Kim Jong Un delivered another threatening message to the US following Trump’s warning at his debut speech at the UN General Assembly on Monday. The dollar lost ground against a basket of major currencies, paring gains made after the Fed’s decision to start unwinding its balance sheet on Wednesday. Meanwhile, the pound remained steady ahead of the widely expected speech by the British Prime Minister on Brexit later today. Investors were in a risk-averse mode during the [..]

Forex Market Review (Asian Session) – Dollar eases ahead of FOMC decision; oil up after Iraq says to cut oil supply

Posted on September 20, 2017 at 7:56 am GMT

While geopolitical tensions escalated after the US President used stronger language against North Korea at his first speech in front of global leaders at the UN on Tuesday, the dollar showed relatively little reaction slipping near its two-year lows. Markets instead were more cautious about the FOMC decision to be announced later today, while they were also looking forward to the BOJ policy meeting scheduled for Thursday. Meanwhile, oil prices headed higher after OPEC member Iraq said it would take further action to limit its supply. The dollar index was [..]

Forex Market Review (Asian Session) – Safe-havens pull back as US seeks peace with N.Korea; dollar steady ahead of FOMC

Posted on September 18, 2017 at 7:58 am GMT

On Monday, safe-haven currencies were trading lower as UN leaders were preparing to kick off a meeting on Tuesday to discuss possible solutions on North Korea’s nuclear programs, with the US seeking a peaceful resolution. The dollar was hovering sideways ahead of the FOMC meeting. With the economic calendar lacking significant releases during the Asian session, the dollar index was mainly flat at 91.88 as investors were waiting for the two-day FOMC meeting ending on Wednesday. Although investors anticipate Fed policymakers to keep rates unchanged, they will be focused [..]

Forex Market Review (European Session) – Dollar extends losses; BOE Vlieghe pushes pound above $1.36

Posted on September 15, 2017 at 3:20 pm GMT

The dollar could not find support on the closely watched US retail sales figures released during the European session as the numbers came in lower than forecast, while risk-off sentiment continued weighing on the currency. Among major currencies, though, the pound was the best performer as it managed to reach post-Brexit levels after BOE’s Gertjan Vlieghe signalled that a rate hike might emerge in next months. While investors anticipated US retail sales to grow by 0.1% m/m in August, the [..]

Forex Market Review (Asian Session) – Dollar posts short-lived losses after North Korea’s missile; focus on US retail sales

Posted on September 15, 2017 at 8:01 am GMT

North Korea carried a second missile test in less than a month early on Friday, lifting risk-off sentiment and pushing the dollar lower against its safe-haven counterparts. However, the currency managed to reverse its losses immediately, with investors turning their focus on US retail sales after CPI readings came in higher than expected on Thursday. During early Asian trading hours, officials from South Korea and Japan reported that North Korea fired a ballistic missile that crossed over Japan’s northern island [..]

Forex Market Review (Asian Session) – Dollar index steady above 92 key-level; sterling flat ahead of BOE decision

Posted on September 14, 2017 at 7:51 am GMT

On Thursday, the dollar index was moving sideways above the 92 key-level in Asia, as investors ignored another aggressive warning from North Korea and instead were cautious whether US inflation data released later today would change the chances of the Fed raising interest rates again this year. Meanwhile, the pound was flat at yesterday’s lows ahead of the Bank of England’s policy meeting later today. Early in Asia, the North Korean regime threatened to use its nuclear weapons to “sink” [..]

Forex Market Review (European Session) – Dollar breaks 92 level as rivals weaken; pound drops below 1.33 as wage growth disappoints

Posted on September 13, 2017 at 3:26 pm GMT

During the European trading, the focus turned back to the economic calendar and specifically to the US PPI figures and the UK labor data, leaving geopolitical issues out of the spotlight for the moment. The dollar crossed above the 92-key level as risk appetite returned and developments on the US fiscal front, such as on tax reform, seemed to give reasons to investors to buy the dollar. The dollar surged to 92.27 against its major rivals, ignoring the weaker-than-expected US [..]

Forex Market Review (Asian Session) – Euro finds support on news of greater EU integration; dollar ticks down

Posted on September 13, 2017 at 7:47 am GMT

Currencies were trading quietly during the Asian session ahead of a busy calendar on Wednesday, with markets reacting little to the latest North Korean threats. The dollar weakened slightly with investors expecting inflation data to be released later today, while the euro ticked up after news stated that the President of the European Commission Jean-Claude Junker will call for more EU integration in his speech at the European Parliament later today. The dollar index was trading 0.08% down in Asia at [..]

Forex Market Review (Asian Session) – Dollar builds on gains as risk sentiment rises; pound vs euro hits 1-month high

Posted on September 12, 2017 at 7:57 am GMT

The dollar maintained its strength against its rivals during the Asian trading hours as experts downgraded the impact of Hurricane Irma, while the UN Security Council approved a lighter package of sanctions on North Korea. Meanwhile, the British government won the vote on the EU withdrawal bill, lifting the pound to a one-month high versus the euro. With the economic calendar lacking significant releases, the greenback continued its uptrend in Asia as, for the moment, investors ruled out extreme weather in the US and fresh tensions in the Korean peninsula. [..]

Forex Market Review (European Session) – Euro pulls back as ECB’s Coeure questions inflation path; pound holds onto gains ahead of a busy week

Posted on September 11, 2017 at 2:46 pm GMT

While investors were looking for riskier purchases after North Korea confounded rumors of an intercontinental ballistic missile test on Saturday, the euro retreated following the dovish remarks made by ECB member, Benoit Coeure, in Frankfurt. Meanwhile, the pound drifted higher during the European trading ahead of a busy data week and before the BOE policy meeting on Thursday. The dollar continued gaining against its rivals in Europe as geopolitical risks eased on Monday. However, investors were focused on the outcome [..]

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