Fed’s two day meeting starts today and US stocks opened sharply lower, so let’s see what’s moving and shaking on the FX markets. Ozzy/Swissie started heading lower shortly after midnight and the pair is point 64% in the red to post the day’s top move. Swiss data was mixed – trade surplus expanded, but economic barometer declined and Swissie takes the top spot on the table, followed closely by the Single currency. Preliminary Euro zone GDP showed a solid economic expansion of point 6% quarter on quarter in the final three months of last year. Sterling is mostly higher as well and it’s slightly North of the Yen as Bank of Japan Core CPI increased to point 7%. Commodity currencies are under pressure and New Zealand Dollar is point 15% up from the Loonie Dollar. US consumer confidence is published as we film this report, but investors are certainly awaiting monetary policy announcement, which is due tomorrow. Australian business confidence was reported improving, but Ozzy Dollar wraps up the advancers and decliners table. Pound/Dollar continues to lead the weekly bulls chart and rise currently measures at 1.91%. Dollar/Swissie is the top decliner and it’s almost 3% in the red. Past month has been extremely bullish for the Cable and the pair shows a surge of 5.44%. Dollar/Swissie is the most bearish pair with a similar decline. I’m Kiays Khalil and that’s it for Tuesday’s Movers and Shakers. Click back tomorrow, but for now, goodbye.
Fed’s two day meeting starts today and US stocks opened sharply lower, so let’s see what’s moving and shaking on the FX markets.
Ozzy/Swissie started heading lower shortly after midnight and the pair is point 64% in the red to post the day’s top move.
Swiss data was mixed – trade surplus expanded, but economic barometer declined and Swissie takes the top spot on the table, followed closely by the Single currency.
Preliminary Euro zone GDP showed a solid economic expansion of point 6% quarter on quarter in the final three months of last year.
Sterling is mostly higher as well and it’s slightly North of the Yen as Bank of Japan Core CPI increased to point 7%.
Commodity currencies are under pressure and New Zealand Dollar is point 15% up from the Loonie Dollar.
US consumer confidence is published as we film this report, but investors are certainly awaiting monetary policy announcement, which is due tomorrow.
Australian business confidence was reported improving, but Ozzy Dollar wraps up the advancers and decliners table.
Pound/Dollar continues to lead the weekly bulls chart and rise currently measures at 1.91%. Dollar/Swissie is the top decliner and it’s almost 3% in the red.
Past month has been extremely bullish for the Cable and the pair shows a surge of 5.44%. Dollar/Swissie is the most bearish pair with a similar decline.
I’m Kiays Khalil and that’s it for Tuesday’s Movers and Shakers. Click back tomorrow, but for now, goodbye.
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