FX Daily Outlook | 13-07-17
Posted on July 13, 2017 at 9:14 am GMT[..]
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Forex Market Review (Asian Session) – Yellen sends dollar low against majors; euro recovers; aussie firms
Posted on July 13, 2017 at 8:47 am GMTThe dollar eased against the yen on Wednesday, following Federal Reserve Chair Janet Yellen’s dovish speech. The dollar index fell 0.23% during the Asian session today, confirming weakness in the US currency. The euro gained, erasing most of yesterday’s losses on the back of falling bond yields. Janet Yellen started her two-day testimony to Congress yesterday with a more dovish take on monetary policy that sent the greenback plunging below the 113 level. The Fed Chair anticipates interest rates hikes [..]
Forex Market Review (European Session) – Weak data fails to dent US dollar; sterling weakens near 10-day low
Posted on July 11, 2017 at 3:04 pm GMTThe dollar ignored a weaker-than-expected US JOLTs report and rose higher against the yen as the European session was coming to a close. The greenback gained against most of its major counterparts, with the dollar index rising a tenth of a percent to 96.125. Oil reversed from its earlier gains. The JOLTS report showed the number of job openings in the US fell to 5.666 million in May from a downwardly revised 5.967 million in the previous month and fell short [..]
Forex Market Review (Asian Session) – Dollar continues to strengthen; euro steady; commodities pressured
Posted on July 10, 2017 at 7:51 am GMTAs the Asian markets were coming to a close, the dollar continued gaining against the yen following a strong boost on Friday. In the meantime, the yen was also weakened by soft data releases, reaching a near two-month low against the dollar. The euro was steady against the dollar while the pound gained ground, to ease some of the Friday’s weakness. The dollar continued building on Friday’s gains against the yen during today’s Asian session. Today’s speech by Bank of [..]
Forex News – Dollar gains on NFP beat after initial fall due to weak wage growth
Posted on July 7, 2017 at 3:06 pm GMTToday’s much awaited US non-farm payrolls report for the month of June surprised to the upside as the number of jobs added to the economy comfortably beat expectations. However, the wage growth component of the report fell short of projections, pushing the dollar lower upon immediate release of the data. The greenback has since managed to come back from the initial fall in a sign the immediate movement was merely a knee-jerk reaction by forex market participants. Delving into the [..]
FX Daily Outlook | 07-07-17
Posted on July 7, 2017 at 8:44 am GMT[..]
Forex Market Review (Asian Session) – Yen falls on BoJ bond purchases; dollar gains ahead of jobs report
Posted on July 7, 2017 at 7:44 am GMTDuring the Asian trading session, the yen fell against the dollar amid the latest Bank of Japan bond intervention. This helped the greenback reverse its losses against the yen following yesterday’s disappointing set of data out of the US. The focus of the day will be on the key jobs report to be released later in the day by the US Labor Department. The yen weakened against its major counterparts after the BoJ announced it was ready to purchase an [..]
FX Daily Outlook | 04-07-17
Posted on July 4, 2017 at 9:28 am GMT[..]
Forex Market Review (Asian Session) – Aussie under pressure; geopolitical concerns lift yen
Posted on July 4, 2017 at 7:45 am GMTThe Australian dollar came under pressure against the greenback on the unchanged cash rate by the Reserve Bank of Australia. Meanwhile, the yen got a lift amid geopolitical concerns induced by another North Korea missile test. The euro and sterling were broadly steady against the US dollar. The RBA left its cash rate unchanged at a historic low of 1.5% during its policy meeting earlier today. While this was widely expected by the markets, the aussie was under pressure against [..]
Forex Market Review (European Session) – Dollar on course for worst quarter in 7 years; loonie at 10-month high
Posted on June 30, 2017 at 2:47 pm GMTToday’s European session was a rather busy one in terms of data releases. Final UK figures on first quarter economic growth confirmed economic activity slowing down in the nation, while inflation figures out of the eurozone surprised to the upside but failed to boost the euro. Out of the US, consumer spending and the reading for the core PCE index were among the releases attracting attention. US consumer spending recorded a slight increase in May, rising by 0.1% month-on-month, in [..]
