oil

Asian Session – Dollar under pressure, near 3-week lows against yen; gold extends rally

Posted on March 20, 2017 at 8:43 am GMT

There was a quiet start to the week as closed markets in Japan led to lackluster trading during the Asian session. With not a lot on the economic calendar, investors digested news from the Group of 20 meeting that took place over the weekend, while currencies consolidated moves from last week. Slight risk aversion led to yen buying. The dollar was down again today. Finance ministers at the G-20 meeting in Germany over the weekend reiterated their stance against competitive [..]

FX Daily Outlook | 17-03-17

Posted on March 17, 2017 at 9:27 am GMT

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FX Daily Outlook | 16-03-17

Posted on March 16, 2017 at 9:45 am GMT

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European Session – Stronger sterling despite weakening wage growth; All eyes on Fed guidance

Posted on March 15, 2017 at 3:46 pm GMT

Today saw the release of important jobs data out of the UK as well as inflation and retail sales data out of the US. Meanwhile, market participants will be closely paying attention to today’s FOMC meeting, as well as developments that have to do with the Dutch elections, which are also taking place today. The dollar was weaker against a basket of currencies during today’s European session trading. It seems that traders are awaiting the outcome of the Fed’s meeting [..]

FX Daily Outlook | 15-03-17

Posted on March 15, 2017 at 9:23 am GMT

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Asian Session – Dollar subdued ahead of Fed; oil jumps on inventory decline

Posted on March 15, 2017 at 8:18 am GMT

The US dollar traded in a narrow rage against the yen as investors await the outcome of the Federal Reserve’s two-day policy meeting later today. It is widely expected that the FOMC will announce a rate hike. The euro tumbled against the pound as markets look to the Dutch elections taking place today. Data out of Japan during the Asian session was shrugged off by the markets as today’s risk events are the main focus. Japan’s industrial output fell 0.4% [..]

European Session – Stronger dollar ahead of Fed meeting; Political uncertainty dominating Europe

Posted on March 14, 2017 at 3:56 pm GMT

There were some economic data releases during today’s European session trading but nothing significant to ponder on as most investor attention remains on the Federal Reserve’s two-day meeting which commences later today. The dollar index, which measures the US currency’s strength relative to major counterparts, was last at 101.59, up three-tenths of a percent for the day. A Fed hike is widely expected by market participants and focus now shifts on the kind of message the central bank will deliver. [..]

FX Daily Outlook | 14-03-17

Posted on March 14, 2017 at 9:42 am GMT

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European Session – Euro retreats from 1-month high; pound rallies

Posted on March 13, 2017 at 3:53 pm GMT

The US dollar was mixed during the European session, while the yen was supported by cautiousness among investors ahead of the FOMC statement. The euro slipped from a one-month high hit earlier against the dollar, while the pound was mostly higher on expectations that a bill regarding Brexit will be passed today by the UK House of Commons. The upcoming FOMC meeting remained the focal point for the markets today in the absence of key economic data releases. The only [..]