Morning Report: 07.00 London Expectations are high for a US rate hike this week, but this was largely priced in last week. So far we’re seeing a slight pull-back this week, giving dollar pairs a general boost. The New Zealand dollar is the power currency, rallying on the confirmation Adrian Orr will be the new […]
Morning Report: 07.00 London Sterling is pausing this morning after soaring yesterday on hopes that today will see the close of the first phase of Brexit negotiations. Teresa May is expected to travel to Brussels to announce a solution to the Northern Ireland border problem. The EUR/GBP has dropped to its lowest levels since June […]
Morning Report: 07.00 London This morning, the US dollar is firmly in control on expectations for further rate hikes and confidence following the passing of tax legislation. This in turn is putting pressure on dollar pairs, notably the AUD/USD which is off by 0.33%. The AUD/JPY is also extending yesterday’s losses. This comes on the […]
Morning Report: 07.00 London This morning, the Australian dollar is on the back foot after Aussie GDP came in below estimates this morning. The AUD/JPY is now down 0.75%, with the AUD/USD down 0.33%. The dollar pairs generally have a positive bias as the dollar index slips back. The NZD/USD is outperforming, breaking away from […]
Morning Report: 07.00 London This morning, the British pound is on the back foot on reports that a deal with the EU has been scuppered by DUP objections to the Northern Irish border proposals. The GBP/USD is down 0.34%, while the GBP/AUD rallies by nearly 1%. The pound is also making concessions against the euro […]
Morning Report: 07.00 London This morning, the US dollar is on the charge as traders react to the passing of Trump’s tax bill. This comes following heavy losses on Friday on concerns over Flynn’s testimony over Trump. The dollar index is higher, forcing dollar pairs lower. The biggest losses have been seen on the Swiss […]
Morning Report: 07.00 London This morning, the euro is recovering some of the ground lost this week despite yesterday’s poor European CPI data. The EUR/USD is up 0.2%, with the EUR/JPY slightly higher and the EUR/GBP rallying for the first time in five sessions. The pound is lagging the euro, but remains positive against the […]
Morning Report: 07.00 London This morning, the British pound is continuing to out-perform, with the EUR/GBP dropping for the fourth day in a row. The GBP/JPY has rocketed over the last three days and the GBP/USD has hit its highest levels since October. The dollar pairs generally have had a positive start to the day, […]
Morning Report: 07.00 London This morning, the pound remains strong after reports emerge of Brexit deal upwards of 50 million euros. The pound rallied yesterday against the euro, forcing the EUR/GBP lower yesterday and this morning. The pound is now at his highest level since the start of October. The euro fell yesterday by contrast, […]
Morning Report: 07.00 London This morning, the Kiwi is out performing, with the NZD/USD one of the top performers this morning despite the dollar index making gains. The Aussie dollar has continued to falter though. The AUD/USD is unchanged while the AUD/JPY makes small gains. The dollar index is slightly higher, but the dollar pairs […]
Morning Report: 07.00 London The euro hit a two month high Friday and is nudging back slightly this morning. This comes amid confidence that Angela Merkel will rescue a coalition deal that will ensure her continuation in power. The EUR/JPY has sipped back though as the yen generally gains traction. The yen pairs are on […]
Morning Report: 07.00 London This morning, the US dollar is making a tentative rally in thin post-Thanksgiving trading. Despite this, the Greenback is still set for losses on the week. These losses have been fuelled by FOMC caution and concerns over the impact of Trump’s tax reforms. The dollar pairs are on the back foot, […]
Morning Report: 07.00 London This morning, the US dollar index remains on the back foot after heavy selling yesterday. This comes after the Fed warned of how a sharp reversal in financial markets could have damaging effects on the economy. The dollar pairs have positive bias today, with the EUR/USD posting the biggest gains yesterday. […]
Morning Report: 07.00 London This morning, the pound is steady ahead of the UK budget, with the GBP/USD managing to rise for the seventh straight day. The pound is falling slightly behind the euro though, with the EUR/GBP rising. The EUR/USD is also making gains at the US dollar index weakens, despite ongoing uncertainty surrounding […]
Morning Report: 07.00 London The Australian dollar is weaker again this morning after the RBA sounded a note of caution in the release of its latest minutes. The AUD/USD is trickling lower as the AUD/JPY undoes some of yesterday’s losses. Elsewhere, the euro remains weak after under-performing the pound yesterday. The single currency is under […]
Morning Report: 07.00 London This morning, the euro has been hit hard by the breakdown of talks to form a ruling German coalition, triggering fresh elections. The EUR/USD and EUR/GBP have gapped lower, with the former down 0.43%. Meanwhile, the EUR/JPY is at its lowest levels since September. By contrast, the GBP/USD is performing well, […]
Morning Report: 07.00 London The dollar index is on the back foot this morning on talk of Trump team members being under subpoena as part of the investigation into Russian interference. Yesterday’s poor jobless claims data has not helped. The weak euro has helped some dollar pairs, notably the GBP/USD and EUR/USD which are climbing […]
Morning Report: 07.00 London This morning, the British pound is slipping back after impressing yesterday with better than expected average earnings and claimant count change. The EUR/GBP is nudging higher again, with the GBP/USD dropping while the EUR/USD rallies. The euro is outperforming, with the EUR/JPY rallying with intent. The yen pairs are on the […]
Morning Report: 07.00 London This morning, the Japanese yen is in demand, pushing the yen pairs lower. Japanese GDP came in slightly below estimates last night, but it still marked the longest run of unbroken expansion since 2001. The AUD/JPY is the biggest mover, down 0.89%, with other yen pairs in the red. The Australian […]
Morning Report: 07.00 London This morning, the NZD/USD is experiencing heavy selling despite inline Chinese economic data. The NZD/USD is down 0.61%. By contrast, the Australian dollar is performing well, with the AUD/USD rising against yesterday’s losses. The AUD/JPY is following tack. The pound continues to underperform ahead of today’s headline inflation figures where CPI […]
Morning Report: 07.00 London This morning, the British pound is on the back foot after a weekend of hard Brexit talk and rumours of a vote of no confidence in Theresa May. The GBP/JPY is off by 0.59%, with the GBP/USD down by 0.55%. Meanwhile the EUR/GBP rises by 0.44% as the pound weakens against […]
Morning Report: 07.00 London This morning, the US dollar is weaker again on concerns that US tax cut reforms will be delayed. The USD/JPY dropped significantly yesterday, though is making small gains this morning, mainly on the back of a weaker yen. The dollar pairs are mixed, with the GBP/USD enjoying a positive start alongside […]
Morning Report: 07.00 London This morning, the NZD/USD is one of the top performers after the RBNZ opted for a hawkish tone that points to rate hikes sooner than previously expected. The dollar pairs are generally higher with the exception of the AUD/USD, with the dollar index slipping lower despite Trump’s Asia trade talks. The […]
Morning Report: 07.00 London This morning, the Australian dollar is weaker after Chinese trade balance figures came in below expectations. The AUD/USD is sitting at the low end of its trading range and challenging the lows, while the AUD/JPY is set to extend its bear run. The NZD/USD had been performing relatively well, but is […]
Morning Report: 07.00 London This morning, the pound is performing well relative to the euro. The GBP/USD has now erased more than half of last week’s losses, with the EUR/GBP rebounding and reversing three quarters of last week’s gains. Yesterday, the saw some soft economic data, while inflation concerns have boosted the pound. The yen […]
Morning Report: 07.00 London This morning, the US dollar is maintaining its strong position despite Friday’s mixed set of employment figures. US Average earnings and non farm employment changed dropped more than expected. Meanwhile, the unemployment rate dropped to 4.1%, with ISM non-manufacturing PMI rising more than expected. Overall, these were disappointing numbers, yet the […]
Morning Report: 07.00 London The British pound is subdued this morning despite the MPC increasing rates by 0.25% to 0.50%. The pound’s slump came because traders had started to price in more rate hikes than now seem apparent. Analysts now expect just two rate hikes before 2020. The EUR/GBP is now up nearly 1% for […]
Morning Report: 07.00 London This morning, the British pound is subdued ahead of the today’s Bank of England meeting where the MPC are expected to raise rates by 0.25%. Such has been the telegraphing of such a move that any failure to raise rates today could see the pound plunge today. Elsewhere, the Australian dollar […]
Morning Report: 07.00 London This morning, the US dollar is trading slightly higher ahead of today’s FOMC meeting, building on yesterday’s gains. The dollar remains unaffected by yesterday’s New York terror attack. The dollar pairs are mixed, with the NZD/USD rallying after strong employment data last night. The AUD/USD is also out-performing in sympathy. By […]
Morning Report: 07.00 London This morning, the euro is continuing to under-perform the pound and losing ground against the US dollar. This comes despite positive signs of stability in the region with pro-independence parties expected to lose their majority in the coming elections. The Australian dollar is lower today, with the AUD/JPY dropping for the […]
