FX Daily Outlook | 06-10-16
Posted on October 6, 2016 at 9:36 am GMT[..]
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Asian Session – US dollar builds on gains following strong non-manufacturing ISM
Posted on October 6, 2016 at 6:56 am GMTThe US dollar continued to be strong in today’s Asian session – keeping and in some cases extending the previous day’s gains on a big reversal by the ISM non-manufacturing survey. The dollar appeared to be strong against all other majors – the euro, the yen, the pound and the Australian dollar. Regarding the ISM report, whereas August’s (previous month) number shocked by coming in at 51.4 from July’s 55.5, in September the index rebounded to 57.1, far exceeding expectations of [..]
FX Daily Outlook | 05-10-16
Posted on October 5, 2016 at 9:22 am GMT[..]
Asian Session – Euro jumps on ECB taper story; pound, gold struggle to find support
Posted on October 5, 2016 at 7:50 am GMTThe euro made a comeback against a resurgent US dollar following a story from Bloomberg that the European Central Bank was considering gradually reducing its bond purchases before the program ends. The British pound and gold on the other hand were struggling to find support as they plunged to fresh lows. The US dollar was doing well generally – with the possible exception of the euro – after Richmond Fed President Jeffrey Lacker sounded a hawkish note. Lacker said there [..]
European Session – Pound hits new 31-year low while dollar extends gains
Posted on October 4, 2016 at 3:04 pm GMTThe British pound continued to come under pressure in European trading on Tuesday, hitting the lowest since June 1985 on mounting fears that the UK is heading for a ‘hard Brexit’. Sterling tumbled to a fresh 31-year low of 1.2735 dollars in afternoon European trading, extending yesterday’s sharp losses. The weaker pound boosted shares in London as a more competitive exchange rate appeared to outweigh concerns about British firms losing access to the single market. The FTSE 100 index soared [..]
Week Ahead – US jobs to be watched by Fed; RBA expected to hold rates
Posted on September 30, 2016 at 1:11 pm GMTThe latest non-farm payrolls report out of the United States will be the main focus of the coming week. But the RBA’s October monetary policy decision and industrial production numbers out of Germany, France and the UK will also be watched. Asian markets are expected to be a little quieter with Chinese markets closed for the entire week for the National Day Golden Week holiday. BoJ Tankan survey to show mixed sentiment The week will start with the Bank of [..]
Asian Session – Markets on risk-off on final day of the quarter
Posted on September 30, 2016 at 6:54 am GMTWorries about the fate of Deutsche Bank, Germany’s largest lender as well as other concerns about US elections and a possible December rate hike by the Fed led to some profit-taking in risk assets on Friday. Asian stocks, influenced by losses on Wall Street overnight, also fell with Tokyo’s Nikkei and Hong-Kong’s Hang Seng index losing more than a percent. The yen is traditionally a safe haven at times of market turbulence but yen moves also seemed to be influenced [..]
European Session – Yen slides 1% as oil deal boosts risk-on mood; dollar up on solid US data
Posted on September 29, 2016 at 2:40 pm GMTThe oil deal-driven risk-on sentiment ebbed slightly in late European trading on Thursday but the safe-haven yen continued to fall out of favour as it slid by around 1% against most major currencies. Yesterday’s surprise announcement by OPEC that a deal had been struck to limit output appears to have had more of an effect in boosting dollar/yen than statements from either the Fed or the Bank of Japan have in recent weeks. The dollar has risen sharply today to [..]
FX Daily Outlook | 28-09-16
Posted on September 28, 2016 at 9:18 am GMT[..]
Asian Session – US dollar steady against yen and euro after Fed speakers, data
Posted on September 28, 2016 at 6:53 am GMTThe US dollar held on to the gains of the previous day against the euro and was off its lows versus the Japanese yen, as incoming data was positive for the greenback despite some relatively dovish Fed speakers. The euro was pinned near the 1.12 mark versus the dollar, due to re-emerging worries about the health of Europe’s banks and political uncertainty in Italy ahead of a key referendum in December. Deutsche Bank’s shares fell to a new record low Tuesday on [..]
