FX Daily Outlook | 21-07-17
Posted on July 21, 2017 at 9:12 am GMT[..]
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Forex Market Review (Asian Session) – Aussie tumbles on Deputy Governor’s dovish speech; US dollar weak on political woes
Posted on July 21, 2017 at 7:15 am GMTThe Australian dollar tumbled amid a dovish speech by Reserve Bank of Australia Deputy Governor Guy Debelle. The US dollar remained under pressure against most majors following the plunge yesterday when news broke out about expansion of an investigation into Trump’s links with Russia. The aussie fell to $0.7907 during Asian trading as the RBA Deputy Governor said that no importance should be given to the board’s discussion around the neutral rate and that it doesn’t imply monetary policy tightening. [..]
Forex Market Review (European Session) – Euro rallies despite dovish Draghi; sterling weakens despite upbeat retail sales
Posted on July 20, 2017 at 3:13 pm GMTThe euro rallied to a near 14-month high against the dollar during the European session following ECB President Mario Draghi’s speech at a news conference today. Sterling was briefly lifted against the US currency, but gave up on gains and was down on the day as the US session started. During the end of the session, forex markets reacted significantly on the back of just released news regarding Trump’s links with Russia. The dollar index was down 0.60% at 94.22. [..]
FX Daily Outlook | 20-07-17
Posted on July 20, 2017 at 8:50 am GMT[..]
Forex Market Review (Asian Session) – Yen weakens following BoJ meeting; aussie gains on healthy job market
Posted on July 20, 2017 at 7:52 am GMTForex markets experienced more volatility today as it was busier one compared to others this week. The yen weakened against the dollar following the release of the Bank of Japan monetary policy report. The aussie had an initial boost against the greenback after employment data had been released, however it fell soon after. The euro was slightly up ahead of the European Central Bank meeting later in the day. The BoJ kept monetary policy steady, a report showed today. While [..]
Forex Market Review (European Session) – Oil surges on inventories draw; dollar drops against yen despite upbeat construction figures
Posted on July 19, 2017 at 2:53 pm GMTToday’s European session was a relatively quiet day as no major data releases were reported. US figures pointing to healthy construction activity and crude oil inventories were the main figures of the day. The dollar continued sliding against the yen while sterling and the euro were under some pressure against the greenback. US homebuilding rebounded more than expected in June after declining for three consecutive months. However, this pick-up did little for the second quarter expansion that remained subdued when [..]
FX Daily Outlook | 19-07-17
Posted on July 19, 2017 at 8:50 am GMT[..]
Forex Market Review (Asian Session) – Markets calm ahead of ECB, BoJ meetings; oil pressured on US inventories
Posted on July 19, 2017 at 7:45 am GMTIt has been a quiet overnight session ahead of what could be a stormy Thursday with the European Central Bank and the Bank of Japan holding their policy meetings. Most majors traded in a narrow range, while oil prices recorded the biggest move of the day. The Australian and New Zealand dollars continued gaining against their US counterpart during the Asian session. Aussie/dollar was up to last trade at 0.7932, supported by comments perceived to be hawkish from the Reserve Bank of Australia’s policy [..]
Forex Market Review (European Session) – Dollar at fresh 10-month low; sterling hurt by weaker-than-expected inflation
Posted on July 18, 2017 at 3:04 pm GMTIn terms of economic releases, UK inflation numbers were by far the most important release during today’s European session. The downside miss hurt sterling which posted a ten-month high versus the dollar earlier in the session. In other news, the currency markets were once again anything but deaf to political developments, pushing the dollar to new lows on the seeming inability by the Trump administration to repeal and replace Obamacare. The dollar index, a broader gauge of the US currency’s [..]
FX Daily Outlook | 18-07-17
Posted on July 18, 2017 at 8:41 am GMT[..]
