Morning Report: 07.00 London This morning, world markets have a risk-off bias as traders fret over renewed fears of global trade wars. The dollar index is slightly higher, giving most dollar pairs a negative edge. The AUD/USD is on the back foot as a potential direct and indirect victim of tariff wars. The AUD/JPY is […]
Morning Report: 07.00 London This morning, the Australian dollar is leading markets higher after better than expected Chinese industrial production data. Both the AUD/ USD and AUD/ JPY are rising after yesterday’s volatile session. The dollar pairs are generally mixed, with the dollar index negative admin US political uncertainty. The EUR/USD and GBP/USD are on […]
Morning Report: 07.00 London This morning, the US dollar is back on the rise as investors weigh up the prospect of higher inflation fuelling rate rises. The US dollar index is rising from what appears to be short term support. The dollar pairs are mixed, with the AUD/USD and NZD/USD making gains while the EUR/USD […]
Morning Report: 07.00 London This morning, the dollar index remains weak following Friday’s mixed jobs report. Headline Non Farm Payrolls increased more than expected, but average earnings and unemployment both disappointed. Dollar pairs have enjoyed the release, with the AUD/USD and NZD/USD gapping higher at the open. The EUR/USD’s early trading is a little more […]
Morning Report: 07.00 London This morning, momentum remains with the dollar index following the announcement of historic talks between Trump and Kim Jong Un in North Korea. The dollar index is unchanged following yesterday’s bumper rally on the hope of a lasting peace and an end to Nuclear ambitions in North Korea. The dollar pairs […]
Morning Report: 07.00 London This morning, world markets are steady after Trump appeared to ease his stance on trade tariffs. The Canadian dollar has reversed recent weakness, while most other currencies are mixed. This comes amid concerns of a wider trade war after China and Australia posted larger than expected trade surpluses. The dollar index […]
Morning Report: 07.00 London This morning, the US dollar remains weak as markets digest the resignation of Gary Cohn from the government administration. Widely regarded as the ‘adult in the room’, Cohn’s resignation is seen as a sign that Tariffs really will happen. This also opens up wider concerns about the Trump administration, with stock […]
Morning Report: 07.00 London This morning, the Canadian dollar remains under pressure, flirting with eight month lows against the US dollar as NAFTA and tariff fears pile up. The USD/CAD remains near the highs as the US dollar index recovers, climbing for the second day in a row. The dollar pairs are mixed, with the […]
Morning Report: 07.00 London The euro is struggling this morning after Italian election results pointed to no overall majority, but with a clear swing away from mainstream parties. Most dollar pairs are lower this morning, but the EUR/USD is showing relative weakness. The EUR/GBP has reversed from the highs this morning as investors fret over […]
Morning Report: 07.00 London This morning, the US dollar is reversing lower following a negative reaction to Trump’s plan to impose a 25% tariff on steel imports. The dollar pairs are generally positive, but there are some exceptions as the EUR/USD trades lower and AUD/USD remains. The GBP/USD is on the rise after selling yesterday […]
Morning Report: 07.00 London The British pound remains under severe pressure this morning after Brexit negotiations hit a severe stumbling block in the form of the Northern Irish border. This issue had essentially been swept under the carpet, but it now returned to haunt UK negotiators. The GBP/USD slumped below 1.3800, with the GBP/JPY plunging […]
Morning Report: 07.00 London This morning, the US dollar is backing off after heft gains made yesterday on the back of Fed Chair Powell’s testimony. The speech appeared to cement previous analysis that rate hikes were on the cards. Dollar pairs are making small gains this morning, with the NZD/USD and AUD/USD making good some […]
Morning Report: 07.00 London This morning, the British pound remains under pressure as the ‘Brexitometer’ swings firmly in the EU’s favour. The latest change comes amid ongoing Conservative infighting and a firm stance taken by the EU. The EUR/GBP has risen for the last two days. The EUR/USD is also set for two days of […]
Morning Report: 07.00 London This morning, the US dollar is on the back foot, eating further into the gains made early last week. The dollar pairs are enjoying gains this morning as the dollar backs off the pace. The AUD/USD and NZD/USD are enjoying positive sessions as the former finds support in the 0.7800 region. […]
Morning Report: 07.00 London This morning, the dollar is rebounding after yesterday’s reversal, putting renewed pressure on the dollar pairs that were unable to capitalise on yesterday’s benign conditions. One such pair is the NZD/USD which barely saw an upwards move yesterday. Other pairs such as the EUR/USD enjoyed bigger gains yesterday, so have further […]
Morning Report: 07.00 London This morning, the dollar index is on the rise again, marking a potential five straight days of gains for the Greenback. The latest move came after last night’s FOMC meeting minutes revealed a Fed leading to further rate hikes sooner than expected. Dollar pairs sunk on the news, with the AUD/USD […]
Morning Report: 07.00 London This morning, the British pound remains in a strong position despite the ongoing US dollar recovery. The EUR/GBP dropped yesterday to test the 0.8800 level. The GBP/USD made small gains yesterday, while the EUR/USD and other dollar pairs made losses. Today we have some crucial data in the form of earnings […]
Morning Report: 07.00 London This morning, the US dollar has continued to rebound, with the US dollar index rallying for the third straight session. The bulk of this move started on Friday, but dollar pairs are still struggling in the face of it. The EUR/USD is firmly lower, as is the GBP/USD. The AUD/USD is […]
Morning Report: 07.00 London This morning, the US dollar continues to recover after a slew of positive data on Friday. Building permits, housing starts, import prices and preliminary UoM consumer sentiment all came in above expectations. The dollar index lifted from near three year lows on Friday and is pushing higher again this morning albeit […]
Morning Report: 07.00 London This morning, the US dollar index is on the slide again, threatening fresh 2018 lows as last week’s rate hike excitement subsides. Stock markets are riding to the highs again by contrast. The biggest winner this morning is again the Japanese yen, with the USD/JPY down 2.8% on the week and […]
Morning Report: 07.00 London This morning, the Japanese Yen has hit 15 month highs against the US dollar, sending the USD/JPY spiralling. This came despite bigger than expected US inflation data that sent Treasury yields sharply higher. The USD/JPY is now down 2.22% on the week, with the yen pairs generally nursing hefty losses on […]
Morning Report: 07.00 London This morning, the US dollar continues to trade on the back foot ahead of today’s US inflation data. The US dollar index is now set to fall for three straight sessions. US retail sales are set to fall by 0.2%. This is helping the dollar pairs to rise again, led by […]
Morning Report: 07.00 London This morning, world markets look set to extend their recovery, with the US dollar index backing off. The dollar pairs are generally higher, led by the EUR/USD which is setting up for two straight days of gains. The AUD/USD continues to push higher after Monday’s opening gap higher, while the NZD/USD […]
Morning Report: 07.00 London After last week’s excitement markets appear stable, but the S&P 500 still remains down by 2% year to date. The dollar has backed off the pace this morning as Donald Trump prepares massive infrastructure plans – another potential risk event for market traders. The weak dollar is helping the dollar pairs […]
Morning Report: 07.00 London This morning, the dollar index is recovering after the latest bout of volatility which saw the Dow Jones lose more than 1000 points. The dollar made small losses, with gains made this morning. Generally, currency markets have avoided the worst of stock market volatility. The AUD/USD has continued its losing run, […]
Morning Report: 07.00 London This morning, the US dollar is mixed after yesterday’s rally in line with stocks. This comes as hopes rise for a breaking of the US budget deadlock. In turn, the dollar pairs are generally mixed. The NZD/USD is slipping lower as China and a neutral RBNZ weigh on the antipodean pairs. […]
Morning Report: 07.00 London World markets rallied hard yesterday as after the worst sell-off since 2015. The question now remains whether this will prove to be a dead cat bounce or the catalyst for renewed highs. On forex markets, the dollar has continued to weaken after a volatile session yesterday. Some traders are betting that […]
Morning Report: 07.00 London It is said that stock markets go upstairs and down escalators. This much is true of the current sell-off as 2018’s carefully fought gains are reversing in three brutal sessions. The S&P 500 is now negative for the year, with the Down Jones dropping over 1,000 points since last week’s high. […]
Morning Report: 07.00 London This morning, the US dollar is slipping back, but still remains in the driving seat after Friday’s rally. Friday saw a surge in interest for the dollar on better than expected Payroll data and bond yields. Speculation is now turning to the next rate hike as stock markets tumble. The AUD/USD […]
Morning Report: 07.00 London This morning, the dollar is back on the rise ahead of today’s Non Farm Payrolls after yesterday’s losses. Yesterday’s poor performance was driven by activity in treasuries which superseded strong economic data and results from tech giants who reported results last night. The euro is lagging slightly this morning, but generally […]
