FX Daily Outlook| 18-07-16
Posted on July 18, 2016 at 10:10 am GMT[..]
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Asian Session – Yen eases after Turkish coup attempt fails
Posted on July 18, 2016 at 7:43 am GMTThe Japanese yen fell back at the start trading on Monday having risen sharply late on Friday after an attempted coup in Turkey drove demand towards safe havens. The news that a group within Turkey’s military had taken over the country sent the Turkish lira tumbling by over 5% against the dollar on Friday to a six-month low of 3.0476 per dollar. However, the lira rebounded sharply on Monday after it emerged that the coup had failed and President Erdogan [..]
FX Daily Outlook| 08-07-16
Posted on July 8, 2016 at 10:12 am GMT[..]
Asian Session – Dollar slips towards 100 yen ahead of jobs reports; Oil slumps by 5%
Posted on July 8, 2016 at 8:29 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 3:20 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 [..]
FX Daily Outlook| 07-07-16
Posted on July 7, 2016 at 9:46 am GMT[..]
Asian Session – Major currencies steadier but aussie under pressure from rating downgrade
Posted on July 7, 2016 at 7:38 am GMTMajor currencies were steadier in Asian trading on Thursday following some risk-off moves yesterday. The FOMC minutes of the Fed’s June meeting helped calm market nerves as they suggested that the Fed will likely stick to its cautious approach for the time being. The minutes, which were released yesterday, confirmed that Fed policymakers were concerned about the slowing pace of jobs growth as well as the uncertainty of the outcome of the UK’s referendum on membership of the EU. Speaking [..]
European Session – Pound struggles to hold at $1.29; Gold scales new yearly highs
Posted on July 6, 2016 at 3:11 pm GMTRisk sentiment made only a modest recovery in European trading on Wednesday as markets remain spooked by the Brexit aftershocks. The pound managed to rebound strongly against the dollar to reclaim the 1.30 level but was struggling to hold above 1.29 dollars by late European session. Earlier today, the pound fell to a fresh 21-year low as concerns over the impact of Brexit on the UK economy were heightened. The euro also came under pressure but its decline was more [..]
European Session – Pound slides to fresh 31-year low after Carney says fall is “beneficial”
Posted on July 5, 2016 at 3:16 pm GMTAfter stabilizing over the past week, the pound saw renewed volatility today as it tumbled to fresh 31-year lows against the US dollar. Sterling had come under pressure earlier in the day when British bank, Standard Chartered, triggered fears of investors fleeing UK assets after it said that it had suspended trading in its UK real estate fund due to large withdrawals. Fresh measures by the Bank of England to ease liquidity concerns in the British economy failed to support [..]
FX Daily Outlook| 04-07-16
Posted on July 4, 2016 at 10:11 am GMT[..]
