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Asian Session – Dollar pulls back against yen on weak data, BoJ summary

Posted on December 29, 2016 at 9:04 am GMT

The US dollar slipped to two-week lows against the yen in Thursday’s Asian session as a combination of disappointing US homes sales numbers and a relatively upbeat summary of opinions by the Bank of Japan drove the greenback below 117 yen. The euro rebounded back above 1.04 dollars, while commodity-linked currencies also made modest gains. An unexpected drop in pending home sales in the United States in November raised concerns about the possible impact of rising interest rates on the [..]

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Asian Session – Aussie and kiwi attempt a rebound as dollar stands firm after strong US data

Posted on December 28, 2016 at 9:25 am GMT

The US dollar continued to inch higher on Wednesday as strong consumer confidence data added support to the greenback in thin holiday trading, while most pairs were stuck in tight ranges ahead of the New Year holiday. Consumer confidence in the United States rose to a 15-year high in December according to the Conference Board’s survey released yesterday. The dollar was up slightly at 117.58 yen in late Asian session, which is just under 1% below its 10-month high of [..]

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European Session – Dollar nudges upwards in holiday lull; Gold and oil also up

Posted on December 27, 2016 at 4:34 pm GMT

Major currencies were largely steady in today’s European session as volumes remained low despite most markets reopening after the Christmas break. Key markets such as London, Sydney and Hong Kong stayed closed on Tuesday, explaining the absence of many traders. The US dollar was the main gainer in European trading, though gold and oil also stood out. The greenback hit a session high of 117.61 yen, recovering from yesterday’s brief dip below the 117 level. The US currency got a [..]

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Asian Session – Dollar firmer as weak Japanese data weighs on yen

Posted on December 27, 2016 at 8:47 am GMT

The US dollar edged higher in Tuesday’s Asian session as volumes remained thin in the last trading week of the year. With the London market still closed today due to the Christmas bank holiday, it’s expected to be another quiet day. However, bargain hunting lifted the dollar higher versus the yen in Asian trading, helping it move away from one-week lows touched yesterday. The greenback lost some momentum last week following worse-than-expected personal income and consumption data for November out [..]

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Asian Session – Oil jumps to 1-½ year high after non-OPEC producers agree to cut output; Canadian dollar gains

Posted on December 12, 2016 at 7:48 am GMT

Oil prices surged more than 4 per cent on Monday after non-OPEC producers reached an agreement to cut production by 558,000 barrels a day starting in January. The deal comes two weeks after OPEC made a pact to reduce output by 1.2 million barrels a day. These were both landmark deals that aim to ease the global oil supply glut and help boost oil prices. Since the November 30 OPEC deal, oil prices have gained 20 percent to their highest levels [..]

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