FX Daily Outlook | 04-04-17
Posted on April 4, 2017 at 8:28 am GMT[..]
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Forex Market Review (Asian Session) – Dollar broadly weaker as yen, gold rise on safe haven demand; aussie falls after RBA
Posted on April 4, 2017 at 7:38 am GMTThe Australian dollar fell after the Reserve Bank of Australia’s policy meeting. Safe haven assets such as the yen and gold were some of the best performers in a broadly risk averse environment in the markets today, as investors were being cautious ahead of major risk events later in the week. The RBA kept the cash rate unchanged at 1.50% after a policy meeting today, as was widely expected. The Bank’s statement raised concerns about the overheated domestic housing market [..]
FX Daily Outlook | 03-04-17
Posted on April 3, 2017 at 8:27 am GMT[..]
Forex Market Review (Asian Session) – Aussie pressured by weak retail sales; greenback steady after tumble on dovish Dudley comments
Posted on April 3, 2017 at 7:31 am GMTThe aussie was one of the worst performing major currencies following weak Australian retail sales data. The dollar index, which measures the greenback against a basket of currencies, remained above the 100 psychological level. The yen was little changed after a report showed an improving outlook among Japan’s largest firms. The Bank of Japan’s Tankan survey rose for a second straight quarter to hit a one-and-a-half year high in March. The headline index for big manufacturers’ sentiment stood at plus 12 [..]
FX Daily Outlook | 31-03-17
Posted on March 31, 2017 at 9:22 am GMT[..]
Forex Market Review (Asian Session) – Dollar on track for weekly gains after lift from US GDP data; China manufacturing PMI rises
Posted on March 31, 2017 at 7:53 am GMTThe US dollar is set to end the week with gains after being lifted by strong US GDP data and hawkish Federal Reserve officials who support further rate increases this year. The Australian dollar was underpinned by upbeat Chinese data. China’s official factory gauge rose to the highest level in almost five years, with the March manufacturing PMI coming in at 51.8 versus a 51.7 reading expected and was up from the previous 51.6 print. Today’s data points to stabilization [..]
Forex Market Review (European Session) – Weaker euro after German inflation misses estimates; Q4 US GDP revised upwards
Posted on March 30, 2017 at 2:45 pm GMTThe final estimate of fourth quarter GDP and jobless claims out of the US, as well as March German inflation and data pertaining to sentiment in the eurozone economy, including consumer confidence, were released today. Besides economic releases, the dollar was again edging higher today. The dollar index, which gauges the greenback’s strength relative to six major US trade partners, continued climbing today, though moderately. The index is partly pushed higher due to the dollar gaining momentum versus the euro, [..]
FX Daily Outlook | 30-03-17
Posted on March 30, 2017 at 8:26 am GMT[..]
Forex Market Review (Asian Session) – Dollar broadly stronger on positive Fed rate hike outlook; pound steady after Article 50 trigger
Posted on March 30, 2017 at 7:48 am GMTThe dollar index rose on the positive outlook for US interest rates while the euro remained under pressure on ECB-related headlines. Sterling was stable after a big dip earlier in the week ahead of the triggering of Article 50 that took place yesterday. The US currency benefitted from some upbeat rhetoric from Federal Reserve officials who support further rate hikes. While the consensus is for a total of three increases in the interest rate this year, Boston Fed President Eric [..]
Forex Market Review (European Session) – Brexit dominates investor attention; Sterling resilient
Posted on March 29, 2017 at 3:43 pm GMTThere were some data releases today, particularly out of the UK as well as pending home sales numbers for the US, but those were shrugged off by investors for the most part as the highlight of the day was the triggering of Article 50 for the UK to officially move ahead with the process of exiting the European Union. British Prime Minister Theresa May’s triggering of Article 50 today marks a historic moment for the UK as the nation will [..]
