FX Daily Outlook | 12-04-17
Posted on April 12, 2017 at 8:58 am GMT[..]
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Forex Market Review (Asian Session) – Gold and yen at five-month highs on geopolitical risk
Posted on April 12, 2017 at 7:37 am GMTGeopolitical concerns continued to be the dominant theme in the markets today, the yen jumped to five-month high and gold traded at the highest level this year. Risk aversion also pushed investors into the safety of US Treasuries. News related to tensions over North Korea and Syria mostly took the market’s attention and Chinese inflation data today were shrugged off as the figure was around expectations. CPI increased 0.9% year-on-year in March, which slightly undershot forecasts for a 1.0% rise, [..]
Forex Market Review (European Session) – Yen extends gains on risk aversion; Pound edges up after UK inflation data
Posted on April 11, 2017 at 2:06 pm GMTThe Japanese yen extended its gains into today’s European session as investors sought safety amid the heightened risk-off sentiment following tensions in the Middle East and in North Korea. US treasury notes were also in demand, with the yield on 10-year notes dropping to an intra-day low of 2.323%, which weighed on the greenback. Gold meanwhile climbed back towards last week’s 5-month high, hitting $1266 an ounce in late European trading. The US dollar wallowed around 110.60 yen for much [..]
FX Daily Outlook | 11-04-17
Posted on April 11, 2017 at 8:48 am GMT[..]
Forex Market Review (Asian Session) – Dollar weakens, safe havens gain on geopolitics and Yellen comments
Posted on April 11, 2017 at 7:27 am GMTSafe haven assets were in demand as risk aversion in the markets today drove investors to the yen and gold. Geopolitical concerns and Fed Chair Janet Yellen’s comments weighed on US Treasury yields. The dollar index consolidated losses after falling below the key 101 level yesterday. Tensions in Syria and growing unease about North Korea supported gold prices, which rose for a second day to reach an Asian session high of $1257.46. The Chair of the US central bank, Janet [..]
Forex Market Review (European Session) – Dollar down despite 4-week high earlier in the day; upbeat housing data boost the loonie
Posted on April 10, 2017 at 2:47 pm GMTToday’s European session was lacking any major economic releases as only the Sentix survey measuring Eurozone investor morale and housing starts out of Canada gathered some attention. Beyond those, recent geopolitical developments played a role in today’s movements as well. The dollar index was down one-tenth of a percent during late European session trading. The index, a broad gauge of dollar strength versus the currencies of major US trade partners, rose to a near four-week high of 101.34 earlier in [..]
FX Daily Outlook | 10-04-17
Posted on April 10, 2017 at 8:02 am GMT[..]
Forex Market Review (Asian Session) – Dollar extends gains; euro at one-month lows; focus on Yellen
Posted on April 10, 2017 at 7:41 am GMTThe dollar rose for a third day against the yen despite Friday’s lower-than-forecast US non-farm payrolls (NFP) report, as risk aversion somewhat faded following Friday’s news of a US missile strike in Syria. The dollar index is trading near a four-week high. There was a relatively light economic calendar for the Asian session. Japan released upbeat current account data which had little impact on the yen. In Australia, home loans data were worse-than-expected and this had a negative impact on [..]
Technical Analysis – Gold short-term bullish after posting five-month high
Posted on April 10, 2017 at 7:25 am GMTGold is marginally up from the day’s open, while it posted a five-month high during the previous trading day (Friday). A positive short-term alignment has been in place since March 27 when the Tenkan-sen line (red) crossed above the Kijun-sen (blue). The RSI indicator adds to this signal, as it is currently at 60, comfortably exceeding its perceived neutral level which is at 50. Notice though that the Tenkan-sen line is flat at the moment, perhaps indicating that any upside [..]
Forex Market Review (European Session) – Dollar rebounds after closer look at latest job report; Pound slides to nine-day low
Posted on April 7, 2017 at 3:36 pm GMTThe highlight of the day in terms of data was the US jobs report but other developments on the geopolitical front, namely the US attack in Syria, also shaped market behavior during today’s European session trading. The dollar was stronger for the day relative to the euro and sterling but slightly weaker versus the Japanese currency in late European session trading. Dollar / yen hit an eleven-day low of 110.12 in Asian trading as news of a US missile launch [..]
