May 31st: Haven Gains

Morning Report: 07.00 London Havens are in demand this morning as risk taking takes a back seat on global trade fears. The yen is the biggest winner, with the USD/JPY hitting its lowest level since the start of February. Other yen pairs are extending their recent sorry runs, with the GBP/JPY dropping further below 138.00. […]

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May 30th 2019: Risk Taking Returns

Morning Report: 07.00 London This morning, the dollar index is coming off the highs as risk taking returns to markets. Dollar pairs are generally positive, with the AUD/USD leading the pack and pushing to break through the week’s impasse. The GBP/USD is also positive this morning and lifting off the lows. 1.2600 is holding for […]

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May 29th 2019: Dollar Dips, Yen Rallies

Morning Report: 07.00 London This morning the Japanese yen is in control as traders seek out safer harbours. The yen pairs are on the back foot, as the USD/JPY drops for the second straight day, with the lows at 109.00 the likely target. The GBP/JPY is extending its losing run, though is holding up relatively […]

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May 28th 2019: Dollar Extends Gains as Europe Wobbles

Morning Report: 07.00 London This morning, the dollar index is extending yesterday’s gains as Trump ratchets up the threats of interventions in the US-China trade war. At the same time, the euro is struggling in the face of a messy European parliament election result. The EUR/USD is lower for the second straight day and trading […]

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May 24rd 2019: The Swiss franc is setting up for a challenge

Morning Report: 07.00 London This morning, the US dollar index is showing positive intent after yesterday’s reversal. This came about as the FOMC offered a more market neutral update which pointed to rate hikes being a distant possibility. Dollar pairs are pausing after yesterday’s onslaught which saw the dollar pairs post impressive gains despite testing […]

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May 23rd 2019: Pound Continues Losing Run As May On Brink

Morning Report: 07.00 London This morning, the British pound is extending its record losing run against the euro as May’s Premiership teeters on the brink. The EUR/GBP reversed early losses yesterday, with follow-on buying today as the pair holds above 0.8800. The GBP/JPY is firmly below 140, while the GBP/USD continues to slide, sitting below […]

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May 23rd 2019: Pound Continues Losing Run As May On Bring

Morning Report: 07.00 London This morning, the British pound is extending its record losing run against the euro as May’s Premiership teeters on the brink. The EUR/GBP reversed early losses yesterday, with follow-on buying today as the pair holds above 0.8800. The GBP/JPY is firmly below 140, while the GBP/USD continues to slide, sitting below […]

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May 22nd 2019: Pound Wobbles on Referendum Pledge

Morning Report: 07.00 London The British pound came in for some heavy volatility yesterday on Theresa May’s pledge to hold a referendum, but with the kicker that this would only be if PMs vote for her deal in parliament. Market’s initial excitement was tempered by the reality that PMs are still unlikely to go for […]

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May 21st 2019: Aussie Sinks on Rate Cut Fears

Morning Report: 07.00 London The Australian dollar is on the back foot this morning after the RBA hinted that a rate cut could be coming as early as June. The AUD/USD is back near the lows, having closed yesterday’s opening gap higher and trading at 0.6875. The AUD/JPY is following suit, having completely closed Monday’s […]

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May 20th 2019: Markets Regain Poise, Aussie Gains

Morning Report: 07.00 London This morning, markets have started the week with positive intent, with demand for safe havens diminishing. The US dollar index has gapped lower at the open, while the Japanese yen continues to back off. The USD/JPY in particular has gapped higher, as the pair puts more distance away from last week’s […]

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May 17th 2019: Sterling’s Struggle

Morning Report: 07.00 London This morning, the British pound remains weak as Brexit fears and a leadership change spook markets. The GBP/USD sunk through support yesterday and this momentum is continuing this morning. The GBP/JPY continues to struggle, while the EUR/GBP continues to climb. The US dollar index remains strong and is poised to challenge […]

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May 16th 2019: Aussie Hit by Unemployment Rise

Morning Report: 07.00 London The Australian dollar is hurting today as a result of higher than expected unemployment figures. The AUD/USD is off the lows, but still seems set for its fourth straight day of losses. The AUD/JPY continues to struggle, falling to its lowest levels since the beginning of the year. Dollar pairs are […]

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May 15th 2019: Sentiment Warms Despite China Dip

Morning Report: 07.00 London This morning, the US dollar index is unchanged after two days of solid gains this morning, helping some dollar pairs to gain. The EUR/USD is making small gains after holding the 1.1200 level yesterday. The GBP/USD is also attempting gains after further selling yesterday that pushed the pair towards 1.2900. The […]

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May 14th 2019: Haven Demand Slips

Morning Report: 07.00 London Haven asset demand is slipping this morning despite the tariff battle rumbling on. The Japanese yen is hitting reverse gear hard, with the USD/JPY undoing nearly all of yesterday’s losses after hitting a low just above 109.00. Other yen pairs are also recovering, with the AUD/JPY rebounding from below 76.00 this […]

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May 13th 2019: Safe Havens Gain as Trade War Gap Widens

Morning Report: 07.00 London This morning, the Japanese yen and Swiss franc are strong as safe havens rise in demand. The China-US trade deal differences appear to be widening despite Trump’s reassurances. US CPI also came in below estimates on Friday. The USD/JPY has gapped below 110.00 to trade at 109.70 this morning. The AUD/JPY […]

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10th May 2019: Yen Extends Gains on Trump Trade War

Morning Report: 07.00 London With US-China trade talks appearing on shaky ground, the Japanese yen continues to find buyers looking for a safe harbour. The yen pairs are firmly on the back foot, with the USD/JPY dropping for the fifth straight day. The AUD/JPY is also continuing its slump, heading for its lowest levels since […]

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May 9th 2019: Pound Struggles on Brexit Impasse

Morning Report: 07.00 London The British pound continues to struggle this morning, with the GBP/JPY sitting just above support at 143.00 after slumping below 144.00 yesterday. This comes as markets grow increasingly restless ahead of European elections. The GBP/USD is making small gains this morning, but this comes after three days of heaving selling. The […]

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May 8th 2019: Markets Shrug Off RBZN Rate Cut

Morning Report: 07.00 London This morning, the dollar index is on the back foot despite the RBNZ cutting rates and sending the NZD/USD plunging in the early hours of this morning. Since then, the Kiwi has recovered most of these losses, while the dollar index has lost ground and is challenging the week’s lows. The […]

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May 7th 2019: Aussie Boosted by Rate Pause

Morning Report: 07.00 London The Australian dollar is out-performing this morning after the RBA opted to keep rates on hold overnight rather than cut to 1.25 as was widely expected. This, coupled with better than expected retail sales has seen the AUD/USD launch higher and erase all the damage from Monday’s opening gap lower to […]

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May 3rd 2019: Pound Holds as BOE Boost Growth Prospects

Morning Report: 07.00 London This morning, the US dollar index is nipping back after making solid gains in each of the last two days. There are tentative gains across dollar pairs, with the GBP/USD limiting losses and holding above 1.3000 as the Bank of England boosted growth forecasts. The EUR/GBP continues to step lower, falling […]

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May 2nd 2019: Fed Quashes Rate Cut Talk

Morning Report: 07.00 London The US dollar index was boosted yesterday as the FOMC quashed any speculation of a rate cut, downplaying inflation fears. There is a rebound of sorts this morning though. Dollar pairs are in recovery mode after selling off yesterday. The AUD/USD dropped back towards support at 0.7000. The EUR/USD was volatile, […]

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May 1st 2019: Mixed Tech Earnings Weigh on Dollar

Morning Report: 07.00 London The US dollar index is weaker again this morning after heavy selling yesterday. While stock markets trade at record highs, the dollar plunged as better than expected consumer confidence dented demand for safe havens. This comes despite mixed tech earnings, with Google slumping and Apple rising after their mixed reports. The […]

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April 30th 2019: Yen in Control as Traders Eye Safe Harbours

Morning Report: 07.00 London The Japanese yen is in demand today on the day of the Emperor’s abdication. This comes after Chinese Manufacturing PMI and Chinese Caicin Manufacturing PMI both slumped below expectations, raising fears of a global economic slowdown. The USD/JPY is reversing yesterday’s losses and is sitting below the 111.50 level. The EUR/JPY […]

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April 29th 2019: Slow Start for Dollar

Morning Report: 07.00 London The US dollar has started the week on the back foot, potentially making it three straight days of backwards steps for the Greenback. Friday’s US non-farm payrolls could cement this trend. Dollar pairs are consequently on the front foot, enjoying back to back gains. The AUD/USD is higher for the third […]

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April 26th 2019: Yen Eases Off the Pressure

Morning Report: 07.00 London The Japanese yen is giving back ground won over the last few days this morning. The USD/ JPY is back on the rise after reversing below 112.00 yesterday. Other yen pairs are on the rise, with the AUD/JPY reversing half of yesterday’s losses. The EUR/JPY struggled against heavy selling yesterday and […]

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April 25th 2019: Dollar Cements Position of Strength

Morning Report: 07.00 London The US dollar is nipping back slightly this morning after cementing its position as the power currency of the moment. The Greenback is stretching to test the highest levels seen since December. Dollar pairs sunk heavily yesterday, led by the AUD/USD which plunged to just above the 0.7000 level, with small […]

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April 24th 2019: Aussie Sinks on CPI Miss

Morning Report: 07.00 London The Australian dollar is dropping heavily after this morning’s CPI data came in below estimates. This may delay potential rate hikes in 2019 and may even open up the possibility of rate cuts. The AUD/USD dropped to within reach of the March lows and is trading at 0.7035. The heaviest selling […]

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April 23rd 2019: Dollar Shows Early Promise

Morning Report: 07.00 London After a long weekend for many parts of the world (especially Europe, markets will return to normal trading volumes this morning. The US dollar index is making gains again after two days of small losses in thin trading. Oil prices continue to hold their recent rally but this isn’t helping commodity […]

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April 18th 2019: Dollar Slips

Morning Report: 07.00 London This morning, the dollar index is on the back foot again, ahead of key retail sales data later today. The dollar pairs are mixed, with the AUD/USD posting a second day of small back to back gains – This comes after better than expected employment change data. The EUR/USD is unchanged, […]

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April 17th 2019: Euro Outperforms

Morning Report: 07.00 London This morning, the US dollar index remains rangebound, with one clear counter party winner – the euro. The euro is the form currency at the moment despite pressure across the board on the eurozone economy and Brexit uncertainty. The EUR/USD is recovering yesterday’s losses and is holding above 1.1340. The EUR/JPY […]

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