DXY

Forex Market Review (Asian Session) – Oil-linked currencies gain with the commodity’s rise; dollar retreats

Posted on June 23, 2017 at 7:44 am GMT

As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back of oil rising. The dollar index, a broader gauge of the US currency’s strength, was last down two-tenths of a percent on the day. Dollar/yen was slightly down at 111.25. If it closes the day lower, it would be the fourth consecutive day of declines for the pair. The [..]

Forex Market Review (European Session) – Dollar posts one-month high; sterling hurt by Carney; oil at 7-month lows

Posted on June 20, 2017 at 3:06 pm GMT

Today’s European session was lacking major economic releases and as a result forex market traders placed most of their bets in reaction to comments by Fed officials, as well as remarks by Bank of England Governor Mark Carney who drove down expectations of a rate hike coming soon by the Bank. The dollar index, a measure of the greenback’s strength versus the currencies of major US trading partners, rose to a one-month high of 97.79 in today’s trading. The greenback [..]

FX Daily Outlook | 19-06-17

Posted on June 19, 2017 at 8:00 am GMT

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Forex Market Review (Asian Session) – Euro steady as Macron set to win legislative elections; sterling in focus as Brexit talks begin

Posted on June 19, 2017 at 7:19 am GMT

The euro was supported by news that French President Emmanuel Macron won a majority in Sunday’s legislative elections. Sterling was steady ahead of the start of Brexit talks in Brussels today. In terms of economic data, Japan had a surprise trade deficit in May. The overall trade balance was -203.4 billion yen last month, missing the 76.0 billion yen surplus expected and was below the prior 481.7 billion yen surplus. The yen weakened after the Japanese data. This helped the [..]

Forex Market Review (European Session) – Sterling gains on growing rate hike expectations; stronger dollar following Fed

Posted on June 15, 2017 at 2:45 pm GMT

The Bank of England coming closer to an interest rate increase shocked currency market participants today, who reacted by placing long sterling positions and thus boosting the currency. The dollar stood stronger today following a more hawkish than expected Fed. The Bank of England left rates unchanged at the record-low 0.25% upon completion of today’s meeting. However, three of the eight Monetary Policy Committee (MPC) members on the Bank’s board decided to support a rate hike, taking markets by surprise [..]

Forex Market Review (European Session) – Euro hits 7-month high against dollar after weak US CPI and retail sales ahead of FOMC; sterling reverses post-UK jobs data losses

Posted on June 14, 2017 at 2:57 pm GMT

The dollar fell after the release of a weak set of US data that would be disappointing for the Federal Reserve, which is expected to deliver a 25-basis point rate hike later today. The broadly weaker greenback helped sterling erase losses made from weak UK wage data. Both US CPI and retail sales numbers for May came in short of expectations, which resulted in the dollar index falling to a seven-month low of 96.32 after having risen to as high [..]

Forex News – Dollar falls on inflation, retail sales miss; Fed meeting in focus

Posted on June 14, 2017 at 2:49 pm GMT

US inflation data for the month of May showed consumer prices unexpectedly falling on a monthly basis, marking the second drop in three months. Monthly retail sales surprised to the downside as well, marking a contraction during the month. Looking at the actual inflation data, the figure for monthly CPI showed a 0.1% decline in May, contrasting analysts’ forecasts who projected it to remain flat and the 0.2% rise from April. On a yearly basis, inflation rose by 1.9%, recording [..]

Investment Theme – Dollar pressured by political and economic factors which could derail Fed rate hike path

Posted on June 7, 2017 at 3:19 pm GMT

The US dollar has lost more than 1.5 percent versus the Japanese currency so far this week, weighed down by a sharp drop in US Treasury yields, which were driven lower by a combination of economic and political factors. A batch of weak US data has raised concern that the Federal Reserve may slow down the pace of interest rate hikes. Meanwhile, political risk is also putting the greenback under pressure due to controversies surrounding President Donald Trump that could [..]

FX Daily Outlook | 06-06-17

Posted on June 6, 2017 at 8:30 am GMT

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Forex Market Review (Asian Session) – Dollar extends decline; aussie rallies after RBA; oil under pressure

Posted on June 6, 2017 at 7:16 am GMT

The dollar was broadly weaker and the yen gained on safe haven demand. The aussie rallied after the RBA meeting. Oil remained under pressure. The Reserve Bank of Australia announced its decision to hold its benchmark interest rate steady at 1.5% and said that its unchanged policy was consistent with sustainable growth and hitting its inflation target. The markets took comfort from the RBA statement and this helped the aussie erase earlier losses to reach a session high of $0.7495. [..]

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