Morning Report: 07.00 London This morning, the euro is trading slightly higher despite uncertainty surrounding the next steps for Catalonia and Spain as Madrid takes direct control of the region. The EUR/USD has gapped higher at the open, while the EUR/GBP is higher. The dollar is off the pace despite GDP data coming in above […]
Morning Report: 07.00 London This morning, the US dollar remains dominant as money floods out of the euro and into the Greenback. The main catalyst was a solid set of US corporate earnings last night, with Alphabet, Amazon and Twitter trading sharply higher. The big move yesterday came from the ECB which opted to half […]
Morning Report: 07.00 London This morning, the Australian dollar remains under pressure after suffering its heaviest selling in over a month. The AUD/JPY is off by 1.34% on the week, with the AUD/USD falling to its lowest since July and the GBP/AUD slumping to its lowest level since June. The NZD/USD has followed the Aussie […]
Morning Report: 07.00 London This morning, the Australian dollar is sinking fast after inflation (CPI) dropped more than expected. The AUD/JPY is down 0.84%, with the AUD/USD off by 0.73%. The NZD/USD is following suit, with minor losses to follow up on yesterday’s slump. The US dollar continues to rise, pushing to the highest level […]
Morning Report: 07.00 London This morning, the euro remains under pressure as Catalan separatists threaten to form human shields to block Spanish authorities attempts to take direct control of the region. The EUR/USD was unable to close yesterday’s opening gap lower yesterday, while the EUR/GBP remains on the back foot. By contrast, the GBP/USD has […]
Morning Report: 07.00 London This morning, the Japanese yen is recovering after an initially slumping at the open. Abe’s victory is thought to point to a looser monetary policy, but it seems markets may have got ahead of themselves first thing this morning. The USD/JPY gapped higher, as did other yen pairs, but this move […]
Morning Report: 07.00 London This morning, the New Zealand dollar remains on the back foot after heavy selling yesterday. Markets took an instant dislike to the nation’s new Labour leader, with the NZD/USD now down 2.55% on the week. The yen continues to retreat ahead of the weekend’s Japanese elections, with the USD/JPY set to […]
Morning Report: 07.00 London This morning, the Japanese yen remains on the back foot after heavy selling yesterday. Investors are nervous ahead of the weekend’s elections. Following recent shock populist results, investors are steeling themselves for an outside shock. The USD/JPY remains in an elevated position, with the AUD/JPY pushing higher. The latter is pushing […]
Morning Report: 07.00 London This morning, the pound is on the back foot after inflation data came in below expectations yesterday. CPI held firm but other metrics including RPI, HPI and PPI rose less than expected. The US dollar has continued to make gains, putting pressure on the dollar pairs, especially the EUR/USD which is […]
Morning Report: 07.00 London This morning, the pound is steady ahead of today’s inflation data where CPI and RPI are expected to rise. The EUR/GBP is slipping lower again. The US dollar is on the rise, pushing dollar pairs generally lower. The EUR/USD is down, as is the NZD/USD. The GBP/USD is unchanged, while the […]
Morning Report: 07.00 London This morning, the euro is trading lower after Austria opted to elect the world’s youngest leader at 31, with the far right freedom party scoring its best results in two year. The EUR/GBP is trading lower again, while EUR/USD slips for the third day in a row. Dollar pairs are on […]
Morning Report: 07.00 London This morning, the British pound remains positive after receiving a boost yesterday. Despite the usual negotiation noises from both sides, there appear to be genuine hopes as the EU appear to be offering the UK a two year transition deal. The GBP/USD ended higher, with the EUR/GBP slumping. The dollar pairs […]
Morning Report: 07.00 London This morning, the US dollar is continuing to sell off after last night’s Fed minutes revealed a divided Fed who are unsure on how to deal with persistently low inflation. The US dollar index dropped yesterday and is showing renewed weakness this morning. Dollar pairs have consequently enjoyed gains, led by […]
Morning Report: 07.00 London Most dollar pairs enjoyed strong gains, with the EUR/USD making a strong advance. This morning, dollar pairs are decidedly mixed, with the GBP/USD and AUD/USD making small losses, while the EUR/USD is unchanged. The euro’s gains came as Catalonia stopped short of formally requesting independence, opting instead to take a middle […]
Morning Report: 07.00 London For the first time in a number of sessions, the US dollar has significantly backed off this morning. The US dollar index is on the back foot, helping the main dollar pairs to rise. The AUD/USD is leading the charge, up 0.41%, with the NZD/USD higher but lagging. The euro doesn’t […]
Morning Report: 07.00 London This morning, the British pound is recovering after it emerged that the ONS released a data error which underplayed wage growth inflation. Coupled with this, Theresa May appears to have staved off a leadership challenge for now. The GBP/USD is trading higher again, while the EUR/GBP has slipped lower. It was […]
Morning Report: 07.00 London This morning, the US dollar is on the rise, following up on yesterday’s gains from renewed Fed rate hike talk and better than expected unemployment claims. Analysts are expecting a relatively small increase in payrolls of 82k today. Dollar pairs are on the back foot, especially the AUD/USD which is being […]
Morning Report: 07.00 London This morning, the US dollar is showing moderate gains after backing off yesterday. US data was on the positive side yesterday with ADP Payrolls and ISM Manufacturing coming in slightly above expectations. Dollar pairs are on the back foot this morning after most made minor gains yesterday. The Australian dollar is […]
Morning Report: 07.00 London The US dollar index is back on the rise this morning ahead of today’s ADP payrolls from the US. The dollar pressure eased yesterday and this morning, helping most dollar pairs to make gains. The main exception is the GBP/USD which continues to struggle. The GBP/JPY has made further losses while […]
Morning Report: 07.00 London The US dollar is continuing to set the pace, extending the rally that has been growing since September 11th. Yesterday’s stronger than expected ISM Manufacturing helped reaffirm the current trend. Dollar pairs have been on the back foot since the middle of the month and this trend is continuing this morning […]
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