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) – US dollar plunges on Yellen’s dovish talk; loonie up on BOC interest rate hike
Posted on July 12, 2017 at 3:27 pm GMTThe US dollar plunged against the yen and other major peers following the release of Federal Reserve Chair Janet Yellen’s monetary policy report to Congress. The loonie gained against the greenback after the Bank of Canada announced an interest rate increase at its monetary policy meeting today. The Fed Chair Janet Yellen in her opening remarks to Congress took a positive stance on the labor market and the US economy. She said job gains were above the bank’s estimate and [..]
FX Daily Outlook | 12-07-17
Posted on July 12, 2017 at 8:46 am GMT[..]
Forex Market Review (Asian Session) – Dollar slides amid new discoveries in Trump controversy; markets eye Yellen’s testimony
Posted on July 12, 2017 at 7:56 am GMTThe dollar fell to a more than one-week low against a basket of major currencies in late US trading yesterday, after U.S. President Donald Trump’s eldest son released an email chain citing Russian support for his father before last year’s U.S. election. The greenback continued trading lower for most of the Asian session today. The main focus of the day will be Federal Reserve Chair Janet Yellen’s testimony in Congress. President Donald Trump’s eldest son released emails last night that [..]
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 [..]
FX Daily Outlook | 11-07-17
Posted on July 11, 2017 at 9:30 am GMT[..]
Forex Market Review (Asian Session) – Aussie gains on strong business conditions; dollar strength unfolds; oil up slightly
Posted on July 11, 2017 at 7:34 am GMTAs the Asian markets were about to close for the day, the dollar continued strengthening against the yen and the euro. The Australian dollar rose for the day on strong business conditions, while pressure on oil eased, as commodity prices showed some gains. The Australian dollar was among the rare gainers against the greenback during the Asian trading session. Supported by the newest data pointing to strong business conditions, the aussie climbed to $0.7623 ahead of the European open. Australian [..]
FX Daily Outlook | 10-07-17
Posted on July 10, 2017 at 8:51 am GMT[..]
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 [..]
