FX Daily Outlook | 05-06-17
Posted on June 5, 2017 at 7:14 am GMT[..]
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Forex Market Review (Asian Session) – Sterling slips after London attacks; oil surges on tensions in the Gulf
Posted on June 5, 2017 at 5:43 am GMTThe dollar hovered near seven-month lows against the yen following Friday’s disappointing US jobs report, while sterling weakened after the news of the attacks in London over the weekend. Gold hit its highest in over six week and oil was lifted due to tensions in the Middle East. The greenback held onto losses made on Friday after the release of the non-farm payrolls report which showed fewer jobs were added to the US economy in May, while the previous two [..]
Week Ahead – Uncertainty ahead of UK election, ECB guidance shift and Aussie GDP concern
Posted on June 2, 2017 at 3:22 pm GMTA number of key risk events next week could cause some volatility in financial markets with the UK general election taking centre stage. The European Central Bank will also be in focus as it meets to possibly discuss removing its easing bias from its policy statement. In contrast, the Reserve Bank of Australia may find it hard to maintain an upbeat outlook at its meeting on signs that growth in Australia is slowing. In terms of data, GDP figures for [..]
Forex Market Review (European Session) – Dollar tumbles to 7-month low versus euro after big NFP miss; gold surges
Posted on June 2, 2017 at 3:03 pm GMTMost major pairs were mostly range-bound until the big moves after the all-important US non-farm payrolls report. Despite a drop in the unemployment rate to a 16-year low of 4.3%, this was not enough to make up for the huge miss in the non-farm payroll number, causing a big tumble in the dollar. During the month of May, a mere 138,000 new jobs were added to the US economy, versus an expected 185,000. Adding to the disappointing headline number, the [..]
Forex Market Review (Asian Session) – Dollar firmer after ADP jobs; all eyes on NFP; oil drops after US decision to withdraw from Paris Climate Accord
Posted on June 2, 2017 at 7:19 am GMTThe dollar consolidated gains made after a solid ADP jobs report on Thursday which gave investors optimism that today’s non-farm payrolls number could also be upbeat. This would strengthen expectations for a rate hike by the Federal Reserve at its meeting this month. The ADP private employment report was better than expected and increased by 253,000 jobs in May versus forecasts for a gain of 185,000 jobs. A separate report showed US factory activity picked up last month after slowing [..]
Forex Market Review (European Session) – Dollar jumps higher on strong ADP employment data; pound recoups losses but aussie slumps
Posted on June 1, 2017 at 2:51 pm GMTThe US dollar turned sharply higher in today’s European session after the ADP employment report showed a bigger-than-expected increase in private sector payrolls. The pound managed to recoup its earlier losses but the Australian dollar extended its slide to three-week lows. The greenback had its best day in a fortnight against the yen today as it got a boost from strong jobs data. Private sector employment rose by 253k in May according to the ADP employment report. Analysts were expecting [..]
FX Daily Outlook | 01-06-17
Posted on June 1, 2017 at 8:57 am GMT[..]
Forex Market Review (Asian Session) – Aussie swings from gains to losses on Australian retail sales and Chinese data; oil rebounds after API
Posted on June 1, 2017 at 7:19 am GMTThe Australian dollar had a choppy session after domestic and Chinese data. The greenback moved higher while oil rebounded from a two-day decline after the API report. The aussie jumped against the greenback to a high of $0.7453 after Australian retail sales were stronger than expected. It reversed gains on disappointing Chinese manufacturing PMI data, which took the currency down to its lowest level since May 12 at $0.7383. China is Australia’s major trading partner. Australian retail sales rebounded sharply [..]
Forex Market Review (European Session) – Sterling rebounds from 6-week lows; euro shrugs off weak inflation data
Posted on May 31, 2017 at 2:58 pm GMTThe euro and the pound made a comeback in today’s European session, but the dollar was subdued as investors awaited the Fed’s Beige Book for further direction. The euro was one of the stronger performing currencies on Wednesday as traders overlooked weaker-than-expected Eurozone CPI figures to bet on a more hawkish European Central Bank at next week’s policy meeting. Headline inflation fell from 1.9% to 1.4% year-on-year in May’s flash reading, missing forecasts of 1.5%. This was the lowest rate [..]
FX Daily Outlook | 31-05-17
Posted on May 31, 2017 at 8:46 am GMT[..]
