FX Daily Outlook | 30-06-17
Posted on June 30, 2017 at 10:25 am GMT[..]
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Forex Market Review (Asian Session) – Yen, kiwi up; euro volatile ahead of inflation, eyes key data releases
Posted on June 30, 2017 at 8:05 am GMTDuring today’s Asian trading session, news and data flow was mostly focused on Japan and China. The yen is up for the third consecutive day relative to the dollar. The euro, sterling and the aussie retraced some of the early gains against the dollar as the Asian session was closing. The upbeat in China’s manufacturing PMI pushed up the aussie against the dollar (as China and Australia are major trading partners) to reach an intra-day level of $0.7712, a more [..]
Forex Market Review (European Session) – US GDP lends dollar a temporary lift; euro’s strength unfolds
Posted on June 29, 2017 at 2:41 pm GMTAs the European trading session was coming to a close, the forex market reacted to a string of data releases. The dollar was helped by a positive revision of the first-quarter US GDP, though the gains didn’t last long. Upbeat data out of the eurozone helped the euro maintain its positive trend. The US economy grew at a better pace than initially estimated in the first quarter on the higher consumer spending and a jump in exports. The first quarter [..]
FX Daily Outlook | 29-06-17
Posted on June 29, 2017 at 8:26 am GMT[..]
Forex Market Review (Asian Session) – Dollar index hits 9-month low; other majors strengthen on hawkish central bankers
Posted on June 29, 2017 at 7:49 am GMTThe dollar index, a broad measure of the greenback’s strength, hit a nine-month low, as other major currencies strengthened on the back of their central banks preparing to scale back the accommodative monetary policies. While yesterday’s forex trading session was mostly dominated by central bankers’ speeches, whose comments drove most of today’s Asian session, the rest of the trading day will likely be commanded by a heavy flow of data releases out of both the eurozone and the US. The [..]
Forex Market Review (European Session) – Euro hits one-year high; sterling jumps on Carney; dollar posts 7-month low
Posted on June 28, 2017 at 3:18 pm GMTThe euro picked up from yesterday’s gains as today’s European session got underway. Its advance was temporarily halted though after anonymous sources out of the European Central Bank made reference to markets overinterpreting the ECB President Mario Draghi’s comments the day before. Investors were also paying close attention to the ECB’s forum in Sintra, Portugal, as major central bank heads, including Bank of England Governor Mark Carney, were participating in a panel discussion. Some remarks by Carney led sterling post [..]
FX Daily Outlook | 28-06-17
Posted on June 28, 2017 at 8:36 am GMT[..]
Forex Market Review (Asian Session) – Euro maintains strong momentum; dollar pressured on healthcare bill
Posted on June 28, 2017 at 7:59 am GMTIn a quiet data day for many Asian countries, the forex market continued to ride on yesterday’s wave of several key events and speeches during the Asian trading session. The euro continued to build on its positive momentum against the dollar, following European Central Bank President’s bullish take on the eurozone economy. The dollar had a setback against the yen amid the postponed voting on the healthcare bill in the US Senate. The euro maintained its upward trend against the [..]
Forex Market Review (European Session) – Draghi’s optimism lifts euro; dollar above 112 yen ahead of Yellen; sterling firms
Posted on June 27, 2017 at 3:00 pm GMTThe forex market was mostly driven by central bank speeches in today’s European session. The euro was boosted on the optimistic remarks by the European Central Bank President Mario Draghi. The pound advanced following the release of the Financial Stability Report and the speech by Bank of England Governor Mark Carney. The dollar firmed up on the strong consumer confidence data, as markets await Janet Yellen’s talk later today. The ECB President’s bullish stance on the recovery in the Eurozone [..]
FX Daily Outlook | 27-06-17
Posted on June 27, 2017 at 8:49 am GMT[..]
