FX Daily Outlook | 26-04-17
Posted on April 26, 2017 at 9:57 am GMT[..]
XM does not provide services to residents of the United States of America.
Forex Market Review (Asian Session) – Aussie hurt by miss on inflation; yen weakens while euro hits new 5½-month high
Posted on April 26, 2017 at 7:50 am GMTThe aussie weakened after Australian inflation data missed forecasts. Risk appetite continued to pressure safe havens like the yen and gold. The euro was supported by the euphoria of the outcome of round one of the French elections. Australia reported that its headline inflation rose to an annualized rate of 2.1% in Q1, pushing it into the Reserve Bank of Australia’s target band of 2 to 3% for the first time since the September quarter of 2014. However, the result [..]
Forex Market Review (European Session) – Euro still buoyed by Macron win; Loonie under pressure from Trump
Posted on April 25, 2017 at 3:01 pm GMTMarkets remained in risk-on mood in European trading on Tuesday with the euro nudging further upwards against most of its major peers, while the safe-haven yen extended its declines. European and US equities also continued to make gains on the back of Sunday’s French election result where the centrist Emmanuel Macron became the frontrunner to win the second round on May 7. The euro was pushing towards fresh highs against the US dollar as it powered ahead to hit a [..]
Forex Market Review (European Session) – Euro slips ahead of French vote; sterling hit by disappointing UK retail sales data
Posted on April 21, 2017 at 2:51 pm GMTSterling tumbled after UK retail sales data significantly missed expectations on all counts. The euro slipped despite stronger PMIs as French elections loom. The safe haven yen was supported against a backdrop of event and geopolitical risk. Cable dipped below the key $1.2800 level in response to a disappointing UK retail sales report. Month-on-month retail sales fell 1.8% in March after a 1.7% increase in February. The headline figure came in at 1.7% year-on-year versus the 3.4% forecast. The quarterly [..]
FX Daily Outlook | 21-04-17
Posted on April 21, 2017 at 8:37 am GMT[..]
Forex Market Review (Asian Session) – Euro holds above $1.07; dollar supported by Mnuchin comments on tax reform
Posted on April 21, 2017 at 7:42 am GMTRisk aversion dominated the markets, following news of the terrorist attack in Paris and risk ahead of the French elections, giving safe havens a boost. Investors were already in countdown mode to Sunday’s first round vote in France, which kept the euro subdued. A recent poll showed Macron at 24%, Le Pen at 21.5%, Fillon at 20% and Melenchon at 19.5%, making it a very tight race. Limited action is expected for the euro ahead of the vote although flash PMI [..]
Forex Market Review (European Session) – Euro and sterling hold gains against dollar while yen underperforms
Posted on April 20, 2017 at 2:48 pm GMTThe euro was relatively firm on the day while the yen was one of the worst performing major currencies. The dollar was mixed but softer against the majors like the euro and sterling, which helped commodity prices higher. The dollar index, which gauges the US currency against six major counterparts, fell to a three-week low of 99.37. Data out of the Eurozone included German PPI which was flat in March, versus expectations of a 0.2% month-on-month gain. It rose 3.1% [..]
FX Daily Outlook | 20-04-17
Posted on April 20, 2017 at 9:47 am GMT[..]
Forex Market Review (Asian Session) – Kiwi rallies after New Zealand inflation rises to 5-year high
Posted on April 20, 2017 at 7:42 am GMTThe New Zealand dollar was one of the best performers after inflation beat forecasts. Elsewhere, most major currency pairs remained in recent ranges as geopolitical concerns and French election risks are keeping investors cautious. Inflation in New Zealand accelerated to 2.2% year-on-year versus 2.0% expected and was the highest in five years. On the quarter, CPI rose 1.0% versus 0.8% expected. Soon after the release of the data the kiwi surged against its US counterpart to $0.7043 and held gains [..]
Forex Market Review (European Session) – Dollar lacks momentum on falling yields, doubts over Trump
Posted on April 19, 2017 at 2:47 pm GMTBesides final Eurozone inflation data for the month of March and some data on US crude oil inventories, investors didn’t have much to digest in terms of economic data during today’s European session trading. Political developments were once again on the spotlight. The dollar index gained some ground today after three straight days of falls, but even at its highest it failed to break above the 100 level. The greenback lost part of its allure as the yields on US [..]
