FX Daily Outlook | 11-07-17
Posted on July 11, 2017 at 9:30 am GMT[..]
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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 [..]
Forex Market Review (European Session) – Dollar makes comeback on NFP gain; sterling slips on weak UK manufacturing
Posted on July 7, 2017 at 2:30 pm GMTThere was a great amount of important economic data releases today. In the US, the key focus was on the non-farm payrolls jobs report, while the unemployment rate and average earnings growth were also of significant interest. Disappointing UK industrial and manufacturing production for May have been dictating sterling movements during the European trading session. The much-anticipated jobs report today showed a gain of 222,000 jobs in the US economy for June, which followed a revised 152,000 expansion in May [..]
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 [..]
Forex Market Review (European Session) – Dollar falls ahead of Friday’s employment report as euro gains on ECB minutes
Posted on July 6, 2017 at 3:07 pm GMTThe US dollar lost significant ground against the euro in today’s forex action while it was also under pressure against the yen as sentiment towards the greenback turned negative ahead of Friday’s employment numbers. In Europe, German factory orders for May grew by 1% month-on-month, while analysts had been expecting a 2% increase. During April, factory orders had fallen by 2.2%. In the monetary policy meeting accounts of the European Central Bank, there was a discussion whether the pledge to [..]
FX Daily Outlook | 06-07-17
Posted on July 6, 2017 at 8:29 am GMT[..]
Forex Market Review (Asian Session) – Fed split opinions weaken dollar short-term; euro under pressure
Posted on July 6, 2017 at 7:42 am GMTThe US dollar had weakened against the yen during the early Asian trading session on the mixed tone from the minutes of the Fed’s latest meeting. However, the greenback gathered strength as the yen gave up gains ahead of the European open. Australia’s trade surplus lent some short-lived gains to the aussie. Minutes from the Fed’s latest meeting in June, at which the US central bank voted to raise interest rates, showed an absence of consensus about when to start the [..]
