FX Daily Outlook | 19-04-17
Posted on April 19, 2017 at 8:07 am GMT[..]
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Forex Market Review (Asian Session) – Sterling holds gains at six-month highs; aussie underperforms
Posted on April 19, 2017 at 7:39 am GMTSterling held on to gains made after surging to its highest level in more than six months on Tuesday in reaction to an announcement by UK Prime Minister Theresa May who surprised markets by calling a snap general election in June. Markets see a sure win for Theresa May and the Conservative party and expect that this would strengthen her position during the Brexit negotiations as well as stabilize domestic politics. The pound rallied to a high of $1.2904 by [..]
FX Daily Outlook | 18-04-17
Posted on April 18, 2017 at 9:00 am GMT[..]
Forex Market Review (Asian Session) – Dollar rebounds off five-month lows against yen; focus on US – Japan dialogue
Posted on April 18, 2017 at 7:40 am GMTThe US dollar rebounded on Tuesday, with the help of some comments from US Treasury Secretary Steven Mnuchin, which restored some demand for the greenback. US Treasury yields moved higher, which was supportive for the dollar and lifted it off five-month lows against the yen. The dollar index, which gauges the US currency against a basket of six major counterparts, was flat around 100.18. Mnuchin said that a strong US dollar would be positive over the long term, although he did [..]
FX Daily Outlook | 13-04-17
Posted on April 13, 2017 at 8:14 am GMT[..]
Forex Market Review (Asian Session) – Dollar extends losses on Trump comments; aussie jumps after solid Australian jobs report
Posted on April 13, 2017 at 7:30 am GMTThe dollar weakened further today after US President Donald Trump said in an interview with the Wall Street Journal that the greenback is “getting too strong”. The Australian dollar was a strong performer on the back of a solid jobs report. Trump expressed his concern that US businesses, especially manufacturers, won’t be able to compete with other countries since American goods would be more expensive when the dollar’s value is too high. Meanwhile, the US President also remarked that he [..]
Forex Market Review (European Session) – Loonie jumps after Bank of Canada raises growth forecast; sterling up after UK jobs report
Posted on April 12, 2017 at 2:41 pm GMTGeopolitical concerns continued to dominate the markets but demand for safe haven assets somewhat eased slightly during the European session, with the yen and gold trimming some gains. Risk aversion helped support the yen, gold and US Treasuries, as investors demanded safety due to uncertainty over possible US military action against Syria and North Korea. Market participants await more details about the meeting between US Secretary of State Rex Tillerson and Russian Foreign Minister Sergei Lavrov. Gold prices were flat but [..]
FX Daily Outlook | 12-04-17
Posted on April 12, 2017 at 8:59 am GMT[..]
Forex Market Review (Asian Session) – Gold and yen at five-month highs on geopolitical risk
Posted on April 12, 2017 at 7:37 am GMTGeopolitical concerns continued to be the dominant theme in the markets today, the yen jumped to five-month high and gold traded at the highest level this year. Risk aversion also pushed investors into the safety of US Treasuries. News related to tensions over North Korea and Syria mostly took the market’s attention and Chinese inflation data today were shrugged off as the figure was around expectations. CPI increased 0.9% year-on-year in March, which slightly undershot forecasts for a 1.0% rise, [..]
FX Daily Outlook | 11-04-17
Posted on April 11, 2017 at 8:49 am GMT[..]
