FX Daily Outlook
Posted on May 20, 2015 at 7:54 am GMT[..]
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Asian Session – US dollar surges after strong housing data; yen down on stimulus hopes
Posted on May 20, 2015 at 7:22 am GMTThe dollar posted a strong performance today, as it rose significantly against its main rivals – the yen and the euro. Dollar / yen was challenging the 121 level; trying to break out of its recent range and making a 2-month high in the process at 121.05. The yen’s high for the year is at 122. Strong housing data out of the United States the previous day helped the dollar extend its recent recovery after it was driven to 1.1466 [..]
European Session – Euro falls sharply to one-week low as ECB steps up QE, dollar surges on robust housing numbers
Posted on May 19, 2015 at 1:50 pm GMTThe euro tumbled below $1.12 for the first time in a week early in European session trading in reaction to comments by ECB policymaker Benoit Coeure who said the Bank will adjust its bond buying program. Basically the Bank will step up QE in May and June in order to deal with the low market liquidity during the summer.The euro tumbled more than 1% to a low of 1.1121. Meanwhile, concerns over Greece still remain and are weighing on the [..]
FX Daily Outlook
Posted on May 18, 2015 at 7:46 am GMT[..]
FX Daily Outlook
Posted on April 30, 2015 at 8:02 am GMT[..]
Dollar surges as Fed signals slowing economy due to transitory factors
Posted on April 29, 2015 at 7:01 pm GMTThe US dollar popped higher against most major counterparts after the Federal Reserve released its monetary statement on Wednesday following a two-day meeting of its policy-setting committee. There were no surprises and the overall tone of the statement was somewhat flat, and mostly in line with market expectations. The Fed acknowledged weakness in the US economy but stressed that it was due to transitory factors (such as the weather). This comment sent the dollar higher. It surged against the yen [..]
European Session – Euro hits 3-week high as dollar falls on weak US housing data ahead of FOMC
Posted on April 28, 2015 at 2:23 pm GMTThe euro climbed to a three-week high of 1.0965, helped by a broadly weaker US dollar ahead of the FOMC and also optimism that talks will get back on track now that Greek Finance minister Yanis Varoufakis has been sidelined from the negotiations. The two-year Greek government bond yield fell to 21.9% today, which was a good indication of optimism in the markets that Greece would reach a deal with its lenders and avert bankruptcy. Yields had hit as high [..]
FX Daily Outlook
Posted on April 9, 2015 at 7:25 am GMT[..]
Asian Session – Dollar pushes euro back on uncertainty over Fed actions
Posted on April 9, 2015 at 7:02 am GMTThe US dollar managed to gain against the euro during today’s Asian session, as it extended gains from the previous day. The euro was pushed under the 1.08 mark to trade as low as 1.0749 as traders tried to interpret statements from two Fed officials the previous day as well as the minutes from the March Federal Open Market Committee meeting that were released late in the US session. The speeches of Fed Governors Dudley and Powell suggested that there [..]
European Session – Dollar under 120.00 yen ahead of FOMC minutes
Posted on April 8, 2015 at 2:07 pm GMTThe market’s main focus is on the FOMC minutes later tonight, leading to dollar weakness and a reversal of Tuesday’s gains during the European session. Despite broad dollar weakness, the euro was unable to resurface above 1.0900 even though Eurozone retail sales data were in line with expectations. The figures showed a lower reading in February, dropping 0.2% on a month-on-month basis, versus January’s 1.1% rise. On a year-over-year basis, retail sales rose 3.0% also in line with forecasts. Other [..]
