All Articles Tagged - gold

Forex Market Review (European Session) – US dollar plunges on Yellen’s dovish talk; loonie up on BOC interest rate hike

Posted on July 12, 2017 at 3:27 pm GMT

The US dollar plunged against the yen and other major peers following the release of Federal Reserve Chair Janet Yellen’s monetary policy report to Congress. The loonie gained against the greenback after the Bank of Canada announced an interest rate increase at its monetary policy meeting today. The Fed Chair Janet Yellen in her opening remarks to Congress took a positive stance on the labor market and the US economy. She said job gains were above the bank’s estimate and [..]

FX Daily Outlook | 12-07-17

Posted on July 12, 2017 at 8:45 am GMT

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Forex Market Review (Asian Session) – Dollar slides amid new discoveries in Trump controversy; markets eye Yellen’s testimony

Posted on July 12, 2017 at 7:56 am GMT

The dollar fell to a more than one-week low against a basket of major currencies in late US trading yesterday, after U.S. President Donald Trump’s eldest son released an email chain citing Russian support for his father before last year’s U.S. election. The greenback continued trading lower for most of the Asian session today. The main focus of the day will be Federal Reserve Chair Janet Yellen’s testimony in Congress. President Donald Trump’s eldest son released emails last night that [..]

Forex Market Review (European Session) – Weak data fails to dent US dollar; sterling weakens near 10-day low

Posted on July 11, 2017 at 3:03 pm GMT

The dollar ignored a weaker-than-expected US JOLTs report and rose higher against the yen as the European session was coming to a close. The greenback gained against most of its major counterparts, with the dollar index rising a tenth of a percent to 96.125. Oil reversed from its earlier gains. The JOLTS report showed the number of job openings in the US fell to 5.666 million in May from a downwardly revised 5.967 million in the previous month and fell short [..]

FX Daily Outlook | 11-07-17

Posted on July 11, 2017 at 9:30 am GMT

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Forex Market Review (Asian Session) – Aussie gains on strong business conditions; dollar strength unfolds; oil up slightly

Posted on July 11, 2017 at 7:34 am GMT

As the Asian markets were about to close for the day, the dollar continued strengthening against the yen and the euro. The Australian dollar rose for the day on strong business conditions, while pressure on oil eased, as commodity prices showed some gains. The Australian dollar was among the rare gainers against the greenback during the Asian trading session. Supported by the newest data pointing to strong business conditions, the aussie climbed to $0.7623 ahead of the European open. Australian [..]

Forex Market Review (European Session) – Dollar at 2-month high vs yen; euro falls as bond yields ease

Posted on July 10, 2017 at 2:21 pm GMT

As the European session was coming to a close, the dollar edged higher against most major currencies. Falling yields on eurozone bonds as the bond sell-off eased, could have contributed to the euro pressure. The dollar continued strengthening against most major currencies during the European session on the back of the better-than-expected jobs report on Friday. The dollar index, a broad measure of the greenback’s strength, was up 0.16% percent on the day. Dollar/yen was last trading at 114.22, while [..]

FX Daily Outlook | 10-07-17

Posted on July 10, 2017 at 8:51 am GMT

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Forex Market Review (Asian Session) – Dollar continues to strengthen; euro steady; commodities pressured

Posted on July 10, 2017 at 7:51 am GMT

As the Asian markets were coming to a close, the dollar continued gaining against the yen following a strong boost on Friday. In the meantime, the yen was also weakened by soft data releases, reaching a near two-month low against the dollar. The euro was steady against the dollar while the pound gained ground, to ease some of the Friday’s weakness. The dollar continued building on Friday’s gains against the yen during today’s Asian session. Today’s speech by Bank of [..]

Forex Market Review (European Session) – Dollar makes comeback on NFP gain; sterling slips on weak UK manufacturing

Posted on July 7, 2017 at 2:27 pm GMT

There was a great amount of important economic data releases today. In the US, the key focus was on the non-farm payrolls jobs report, while the unemployment rate and average earnings growth were also of significant interest. Disappointing UK industrial and manufacturing production for May have been dictating sterling movements during the European trading session. The much-anticipated jobs report today showed a gain of 222,000 jobs in the US economy for June, which followed a revised 152,000 expansion in May [..]

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