FX Daily Outlook| 17-05-16
Posted on May 17, 2016 at 9:22 am GMT[..]
XM does not provide services to residents of the United States of America.
Asian Session – Aussie jumps on less dovish RBA; Pound gains on Brexit poll
Posted on May 17, 2016 at 8:20 am GMTThe Australian dollar was the biggest gainer in today’s Asian session as it was boosted by not so dovish minutes of the RBA’s May meeting. The minutes of the Reserve of Bank of Australia’s meeting, which were published today, revealed that some members of the Bank’s board needed persuasion that a rate cut was warranted. The RBA cut its cash rate by 25bps for the first time in a year earlier this month to 1.75%. The surprise reduction drove the [..]
European Session – Euro rises as dollar weakens on soft Empire State Manufacturing data; oil rallies
Posted on May 16, 2016 at 2:24 pm GMTIt was a relatively quiet European session due to the Whit Monday holiday which meant many major markets were closed. The absence of economic data releases left markets to focus on Friday’s strong US data. This helped the US dollar hang on to its gains made after the solid US retail sales and consumer sentiment data. A quiet session and no European data gave markets little incentive to move the euro out of the 1.1300-1.1330 range until the US session [..]
European Session – Oil rises above $46 a barrel on supply concerns due to Canada and Libya events
Posted on May 5, 2016 at 2:12 pm GMTOil is back in the picture as it rose on threats to supply. After falling for four straight days, prices bounced higher today on concerns of supply disruptions in Canada and Libya. A wildfire raging around Fort McMurray, which is Canada’s oil sands centre, is said to have brought down production to 800,000 barrels a day. Meanwhile, in Libya, fighting between rival factions in the country caused oil tankers to be blocked, which could bring down the country’s oil output [..]
European Session – Sterling rallies to 1-month high, loonie boosted after Canadian CPI and retail sales
Posted on April 22, 2016 at 2:54 pm GMTThe euro extended its decline against the US dollar today following a post-ECB dip below the key $1.13 level yesterday as investors saw the potential for more stimulus measures if the Bank deems it necessary. The euro edged down to a one-week low versus the dollar to touch $1.1244, after hitting a high of $1.1395 just yesterday. Data out of the Eurozone today had little impact on the euro as most currencies were mainly driven by headlines rather than fundamentals. [..]
FX Daily Outlook| 22-04-16
Posted on April 22, 2016 at 9:47 am GMT[..]
FX Daily Outlook| 21-04-16
Posted on April 21, 2016 at 9:21 am GMT[..]
Asian Session – Euro under pressure ahead of ECB; oil extends gains
Posted on April 21, 2016 at 8:38 am GMTOil prices extended their gains on Thursday, driving equities higher in Asian trading. A smaller-than-expected increase in US crude stocks lifted oil prices yesterday. Reports that Russia was prepared to raise output had little impact on the rally as it was outweighed by comments from the head of the International Energy Agency who earlier today said that non-OPEC oil production would see a big fall in 2016. Crude oil futures surged after the comments following a muted start to the [..]
European Session – Euro turns lower ahead of ECB, dollar supported by US existing home sales data
Posted on April 20, 2016 at 2:47 pm GMTIt was a relatively quiet European session for the currency markets amid mild risk aversion as crude oil prices reversed lower on news of the end of an oil workers’ strike in Kuwait. The three-day strike reduced production in OPEC’s fourth-largest producing member but now that more oil is back online, prices fell over 2% today. US oil futures slipped to $41.28 but further losses were limited after an EIA report showed weekly stockpiles rose 2.1 million barrels in the [..]
FX Daily Outlook|20-04-16
Posted on April 20, 2016 at 9:08 am GMT[..]
