Morning Report: 07.00 London The dollar is on the rise this morning, supported by an in-line Final Fed meeting for departing chair Janet Yellen. Dollar pairs are on the back foot, with the AUD/USD leading the fallers, down 0.48%. Most other dollar pairs are lower, with the EUR/USD and GBP/USD falling by the same measure. […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot after a muted reaction to Trump’s state of the union speech. This has been good news for the NZD/USD which is powering higher this morning. This comes despite the AUD/USD lagging, with heavier selling this morning that is reversing as we […]
Morning Report: 07.00 London This morning, the Japanese yen is on the rise as markets look for safer harbours and the previous weeks excesses are blown away. The yen pairs are the biggest losers, with the AUD/JPY down 0.62%. The USD/JPY itself has continued its losing run that first started in November. This comes as […]
Morning Report: 07.00 London The dollar index is recovering this morning after a poor week that compounded 2018’s weakness. We have an extremely busy week ahead with Trump’s state of the union address, Non Farm Payrolls and much more. Most dollar pairs are slipping back, including the AUD/USD which remains one of the top performers […]
Morning Report: 07.00 London This morning, the US dollar index is receding after overnight excitement following Trumps comment that ultimately, he wanted to see a strong dollar. Whether this was a statement of policy intent, or a response to the dollar hawks, the effect has been short lived. The dollar index is continuing its losing […]
Morning Report: 07.00 London This morning, the dollar remains soft, falling further after US Treasury secretary Steve Mnuchin affirmed the government’s support for a weaker dollar: “A weaker dollar is good for us as it relates to trade and opportunities”. The dollar experienced a broad-based selloff, led by the British pound that continues to climb […]
Morning Report: 07.00 London The dollar index hit its lowest level in three years, trading below the 90 level for the first time since 2014. The move comes as key dollar pairs such as the GBP/USD and EUR/USD strengthen on rate hike expectations. The pound was also helped by smaller than expected public sector net […]
Morning Report: 07.00 London This morning, the British pound remains strong after the GBP/USD briefly broke the 1.4000 level, its highest level since the Brexit vote shock. The pound is the strongest performer for the week so far, with the GBP/USD’s gains being helped by an accommodative dollar. The EUR/GBP slumped yesterday as the pair […]
Morning Report: 07.00 London This morning, the dollar is slightly stronger, but there has been a muted reaction to the US government shutdown. The dollar index is slightly higher. The dollar pairs are on the back foot with the EUR/USD sliding more than most ahead of Thursday’s ECB meeting. The euro’s underperformance is causing the […]
Morning Report: 07.00 London This morning, the US dollar continues to weaken after mixed economic data yesterday. Philly Fed and housing starts came in below estimates while unemployment claims were better than expected. The dollar pairs are enjoying the dollar weakness, making a push for the highs. AUD/USD is extending its winning run and is […]
Morning Report: 07.00 London This morning, the dollar is easing off the pace following a day of solid gains yesterday. These gains came as Dallas Fed President Robert Kaplan outlined that three rate hikes were his baseline for 2018. At the same time, the dollar’s main counterparty – the euro slumped as ECB officials expressed […]
Morning Report: 07.00 London This morning, the US dollar is rebounding, despite yesterday’s Empire State Manufacturing coming in below estimates. Dollar pairs are off the pace, while the yen pairs rebound on dollar interest The EUR/USD is amongst the biggest fallers this morning, with the EUR/GBP dropping as the pound holds relatively steady. Other dollar […]
Morning Report: 07.00 London This morning, the euro is holding at the highs after surging again yesterday on the back of comments from ECB member Hansson. These comments appeared to echo previous ECB which point to the ending of asset purchases in the final quarter of the year. The pound lagged the euro slightly yesterday, […]
Morning Report: 07.00 London This morning, the US dollar index remains under pressure following Friday’s session which saw counter pressure from the euro and pound. The euro surged on hope of a breakthrough in German coalition talks. In addition, US retail sales dropped more than expected. The EUR/USD is now up 1.81% on the month, […]
Morning Report: 07.00 London This morning, the euro remains on a high after surging yesterday on the back of Hawkish ECB minutes which appeared to point to change in forward guidance in coming months. The EUR/USD has been pushed back to the recent highs, while the EUR/JPY erased most of Wednesday’s losses. The EUR/GBP has […]
Morning Report: 07.00 London This morning, the Australian dollar is powering higher on better than expected retail sales. The AUD/USD is performing better, but it’s the AUD/JPY that is setting the pace and erasing most of yesterday’s losses. The yen pairs are generally performing well as the week’s earlier yen surge retreats. The USD/JPY and […]
Morning Report: 07.00 London This morning the yen is on the rise, with all yen pairs experiencing significant selling on reports that the BoJ may exit from its stimulus programme. The USD/JPY is leading the losers, while the EUR/JPY is set for three days of heavy losses. The AUD/JPY has now reversed much of last […]
Morning Report: 07.00 London This morning, the Australian dollar is under pressure after a government reporting predicting a 20% fall in iron ore prices. The AUD/USD is off this morning, as is the AUD/JPY which is reversing Friday’s gains. The NZD/USD as a more positive bias however. The US dollar index is on the rise […]
Morning Report: 07.00 London This morning, the US dollar has a positive bias, but the damage was done yesterday as tax cut optimism reversed. This was good news for dollar pairs has they climbed across the board. The NZD/USD led the pack with solid gains, while the AUD/USD continued its winning run. The latter is […]
Morning Report: 07.00 London This morning, the dollar is retreating after making gains across the board yesterday on the back of the FOMC meeting minutes. The minutes showed the Fed at least considering the prospect of rate hikes in light of the Trump led tax cuts. This coupled with strong ISM manufacturing PMI made a […]
Morning Report: 07.00 London This morning, the British pound continues to outperform despite yesterday’s sub-par Manufacturing PMI. Housing equity withdrawals came in better than expected which may have softened the blow somewhat. The GBP/USD is unchanged after strong gains yesterday. The EUR/GBP continues its decline for the week as other dollar pairs struggle. The EUR/USD […]
Morning Report: 07.00 London This morning, the dollar index is starting 2018 as it ending last year – with a decline. The Greenback has broken the October lows, cementing a poor year which has seen losses of 7%, its worse year since 2007. Traders are exercising caution and going with the general negative trend this […]
Morning Report: 07.00 London This morning, the Japanese yen has a negative bias after the BOJ opted to pass this morning’s meeting without any significant changes. The USD/JPY and other yen pairs are on the rise. The AUD/JPY is continuing to rally in particular, while the AUD/USD slips back. The dollar pairs have a slight […]
Morning Report: 07.00 London This morning, the New Zealand dollar is on the back foot after trade balance and current account date slumped more than expected. The NZD/USD is of by 0.17% this morning. The euro continues to perform well by contrast, with the EUR/JPY up over 1% on the week and the EUR/USD up […]
Morning Report: 07.00 London This morning, the dollar index is further eating into Friday’s gains, extending the indifferent run seen since the start of the month. The dollar pairs are higher this morning, but most are stuck within chopping trading ranges. The NZD/USD and AUD/USD are showing the strongest short terms trends, rising clearly off […]
Morning Report: 07.00 London Markets are quiet this morning despite apparent good news from the US on the tax bill front. The US dollar is on the back foot, helping dollar pairs to nip higher. The NZD/USD is the top performer after out-performing on Friday, rising by 0.59%. The neighbouring AUD/USD is up 0.33%. The […]
Morning Report: 07.00 London The euro remains subdued this morning after heavy selling yesterday. The ECB maintained a positive economic outlook, but expressed on concerns over inflation increasing below target. The EUR/GBP slumped yesterday, with the EUR/USD reversing half of Wednesday’s gains. With the exception of the euro, dollar pairs are performing well again this […]
Morning Report: 07.00 London This morning, the dollar index remains under pressure after yesterday’s FOMC meeting. As expected, the Fed elected to increase rates to 1.5%, but crucially there were two dissenting votes. This in addition to a softening in some of the commentary and core CPI missing expectations. The dollar pairs are mostly enjoying […]
Morning Report: 07.00 London Markets remain wary before today’s historic Fed meeting where rates are expected to increase 1.5%. This caution comes despite the Dow Jones hitting record highs last night. The dollar is down slightly but generally unmoved. The New Zealand dollar continues as the top performer and is now set to rally for […]
Morning Report: 07.00 London Markets remain cautious this morning ahead of Wednesday’s FOMC meeting Where expectations are high for a 0.25% increase in rates. The dollar is nipping lower slightly, in a move that is helping the dollar pairs to increase slightly. The AUD/USD is stringing two strong days together on the bounce, while the […]
