FX Daily Outlook| 16-03-16
Posted on March 16, 2016 at 9:22 am GMT[..]
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Asian Session – Dollar advances ahead of FOMC; pound remains under pressure
Posted on March 16, 2016 at 8:29 am GMTThe US dollar pulled away from Tuesday’s lows in Asian trading on Wednesday as investors geared up for the Fed’s latest policy announcement later today. The greenback climbed to 113.69 yen in late session, having dipped as low as 112.62 yen yesterday on the back of weaker-than-expected retail sales figures. The yen was under pressure on Wednesday as earlier in the day, Bank of Japan Governor Haruhiko Kuroda put the prospect of deeper cuts in rates to negative territory back [..]
European Session – Sterling under pressure on Brexit concerns, risk ahead of UK jobs data, BoE
Posted on March 15, 2016 at 3:57 pm GMTThere was some risk aversion in the markets today and caution among investors ahead of the FOMC policy announcement on Wednesday. Sterling was one of the worst performing major currencies during the European session as it fell below the key $1.42 level against the dollar. Renewed Brexit concerns and risk ahead of tomorrow’s UK employment report and UK Budget, as well as the Bank of England meeting on Thursday, are all putting pressure on the pound. The latest Brexit poll [..]
Week Ahead – After ECB, attention turns to Fed; SNB, BoE and BoJ also in focus
Posted on March 11, 2016 at 1:31 pm GMTIt will be another busy week for central banks over the next seven days as the US Federal Reserve, Bank of Japan and Bank of England hold their policy meetings. The Swiss National Bank will be meeting too next week, while major data out of Japan, the US and the UK will also be eyed. It should be a quiet start to the week with Japanese machinery orders to be the main data on Monday. Machinery orders in January are [..]
Dollar mixed after strong jobs gain as wage growth disappoints
Posted on March 4, 2016 at 3:37 pm GMTThe US economy added 242k jobs in February according to the latest non-farm payrolls reports, beating consensus estimates of 195k jobs. Adding to the strong data was an upward revision to January’s figure, which was revised from 151k to 172k jobs. The dollar initially spiked up 0.3% to 114.21 yen after the data and the euro fell 0.6% to 1.0902 dollars as it cemented expectations that the Federal Reserve will stick with its policy of gradual increases to the fed [..]
US inflation rises to 14-month high in January; dollar spikes to 2-week high
Posted on February 19, 2016 at 3:54 pm GMTInflation in the United States rose to the highest rate in 14 months in January as the all-items consumer price index (CPI) climbed to 1.4% year-on-year. The figure was slightly above consensus estimates of 1.3%. On a month-on-month basis, CPI was unchanged from the previous month versus estimates of a 0.1% drop. Core CPI, which excludes food and energy items, also beat estimates, rising by 0.3% month-on-month versus the expected 0.2% rate, and by 2.2% year-on-year versus expectations of a [..]
Asian Session – Dollar steady after FOMC minutes and oil surge
Posted on February 18, 2016 at 9:12 am GMTA late surge in oil prices yesterday helped global equities extend their gains on Wednesday and Thursday. US oil futures surged by 8% yesterday and were last trading at $31.16 a barrel. Prices were boosted after Iran voiced support to the latest deal between OPEC and Russia to freeze output at January levels. The yen was slightly firmer today despite disappointing trade data out of Japan. Exports from Japan slumped by 12.9% year-on-year in January, missing estimates of an 11.3% [..]
European Session – Dollar rises as US industrial production posts big gain
Posted on February 17, 2016 at 3:50 pm GMTRisk appetite was positive up today. This was evident as the yen, a safe haven currency, was weaker in European trading and resulted in the USD/JPY pair bouncing back above the 114 yen level from a low of 113.36. Oil also acted as a barometer of market sentiment. US oil rose steadily throughout the European session from $28.71 to breach the key $30 a barrel level. In afternoon trading it eased lower as skepticism builds over a deal with Iran [..]
Week Ahead – Spotlight on Japan GDP, China trade and US, UK inflation
Posted on February 12, 2016 at 1:00 pm GMTData out of Japan and China will be watched closely next week as investors will be anxious to see how well Asia’s two largest economies are riding the latest economic storm. The UK will also be in focus with the release of three key indicators, while inflation data and FOMC minutes out of the US will keep dollar traders busy. With US and Canadian markets closed on Monday for a national holiday, Japanese data will dominate the day with the [..]
FX Daily Outlook| 28-01-16
Posted on January 28, 2016 at 12:11 pm GMT[..]
