FX Daily Outlook| 21-07-16
Posted on July 21, 2016 at 10:10 am GMT[..]
XM does not provide services to residents of the United States of America.
Asian Session – Dollar breaks above 107 yen; Kiwi pressured by RBNZ outlook
Posted on July 21, 2016 at 8:18 am GMTImproved risk sentiment helped the dollar higher against the yen, while stimulus talk continued to pressure the Japanese currency on Thursday. The dollar broke above 107 yen for the first time in six weeks as Japan’s government said today it is planning a fiscal stimulus package worth 20 trillion yen. The figure is double the initial sum of 10 trillion yen that was previously mentioned. Most analysts are now with the view that the Bank of Japan will accompany the [..]
European Session – Commodities sag as dollar extends gains; pound boosted by BoE survey
Posted on July 20, 2016 at 2:51 pm GMTCommodity prices fell sharply in today’s European session as the US dollar continued its advance against most major currencies. Sentiment for the US currency appears to have turned bullish in recent days after a run of solid US data put the prospect of a Fed rate hike at some point in 2016 back on the table. The dollar rose to its highest since June 24 against the yen, reaching an intra-day high of 106.71 yen in late European session. This [..]
FX Daily Outlook| 20-07-16
Posted on July 20, 2016 at 10:06 am GMT[..]
Asian Session – Dollar rises to 4-month high on strong US data
Posted on July 20, 2016 at 8:23 am GMTThe US dollar climbed to a 4-month high against a basket of currencies in Asian trading on Wednesday, extending yesterday’s gains. The greenback has been bolstered in recent days by a series of solid US economic data, including stronger-than-expected housing figures yesterday. The dollar index rose above 97.0 for the first time since March yesterday and hit a high of 97.29 earlier in Asian trading today. The run of healthy indicators for the US economy has renewed expectations that the [..]
FX Daily Outlook| 19-07-16
Posted on July 19, 2016 at 9:55 am GMT[..]
Asian Session – Aussie and Kiwi slide on risk-off and rate cut expectations
Posted on July 19, 2016 at 8:18 am GMTThe Australian and New Zealand dollars fell by over 1% in Asian trading on Tuesday as a combination of risk-off sentiment and expectations of further rate cuts drove the Antipodean currencies lower. The minutes of the Reserve Bank of Australia’s latest meeting kept open the possibility of additional easing as the central bank said inflation is expected to remain quite low and growth will likely moderate in the second quarter. It repeated its warning that an appreciating exchange rate could [..]
FX Daily Outlook| 08-07-16
Posted on July 8, 2016 at 10:11 am GMT[..]
Asian Session – Dollar slips towards 100 yen ahead of jobs reports; Oil slumps by 5%
Posted on July 8, 2016 at 8:30 am GMTThe US dollar came under pressure in Asian trading on Friday ahead of the all-important non-farm payrolls report out of the US later today. The June report is the first since the UK referendum to leave the EU and follows an unexpectedly weak report in May. Most analysts expect a strong rebound in June, which should help support the greenback. But in the meantime, the dollar remained confined below 101 yen and hit an earlier low of 100.24 yen. The [..]
European Session – Pound and dollar go into reverse; kiwi up sharply on RBNZ house price concerns
Posted on July 7, 2016 at 3:19 pm GMTThere was a modest improvement in risk appetite in Thursday’s European session but the pound and the dollar were unable to hold above key levels. European stocks however, bounced back strongly from yesterday’s sharp losses with many of the major indices up by over 1.5% in late session. Market sentiment was helped by the cautious tones of the US Federal Reserve and the European Central Bank. The Fed released its June meeting minutes yesterday, while the ECB published its June [..]
