Morning Report: 07.00 London The US dollar index is back on the rise after ending unchanged yesterday. Overall currency movements are subdued as central banks stand pat and opt out of previously mooted rate hikes. The AUD/USD is lower though and trading below 0.7150 amid speculation that the RBA could cut rates this year. The […]
Morning Report: 07.00 London Risk assets are on the back foot as traders renew bets on Chinese growth holding up against expectations following Friday’s better than expected trade balance data. The dollar index is on the back foot, with follow-on selling that builds on Friday’s reversal. Dollar pairs are enjoying the dollar’s weakness and building […]
Morning Report: 07.00 London The US dollar is slipping back after posting significant gains yesterday on the release of the latest FOMC minutes. Some analysts were speculating that a rate cut could be in the offing this year, but the latest minutes made it clear that the Fed would be keeping rates on hold. Dollar […]
Morning Report: 07.00 London There were muted gains for the British pound yesterday despite agreement to extend Brexit again. Traders are wary of delay fatigue and the cost it appears to exact each time. The GBP/USD rose to 1.131 and is up 0.53% on the week, with small buying interest this morning. The EUR/GBP is […]
Morning Report: 07.00 London This morning, the US dollar is weaker after yesterday’s late session surprise attack by Trump on the EU as he starts another front in his global deal negotiations. The dollar is dropping for the third straight day this morning, giving dollar pairs the edge. The AUD/USD is higher for the third […]
Morning Report: 07.00 London This morning, the US dollar index continues to slip as world markets shun the need for safer havens amid a continued stock market rally. The dollar index is posting a day of follow-on losses, helping dollar pairs to gain. The AUD/USD has reversed yesterday’s early weakness and is pushing to test […]
Morning Report: 07.00 London This morning, the US dollar index is reversing Friday’s payrolls inspired gains. Non-Farm Employment Change came in above estimates at +196k, beating estimates after last month’s slump. The EUR/USD and GBP/USD are making gains as a result, with the EUR/USD rallying after holding the 1.1200 level. The GBP/USD is also reversing […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot ahead of today’s Non Farm Payroll as traders book profits on yesterday’s gains. The AUD/USD is leading the charge and is currently sitting on its highest levels for the week, above the 0.71200 level. The EUR/USD failed at the 1.1250 level […]
Morning Report: 07.00 London This morning, the British pound is holding its ground amid growing hopes for a market friendly soft Brexit. The GBP/JPY is unchanged and holding above 146.50, the GBP/USD is also unchanged and trading below 1.3200, while the EUR/GBP is holding near the lows. The dollar index is stronger after heavy loss […]
Morning Report: 07.00 London The US dollar index is on the back foot this morning after US core durable goods orders came in below estimates yesterday. Dollar pairs are enjoying the relief, with the Australian dollar picking up the pace in the counter rally. The AUD/USD is up 0.50%, making good all of yesterday’s losses […]
Morning Report: 07.00 London This morning, the US dollar index is on the rise, despite below par ISM Manufacturing yesterday. Dollar pairs are mixed, with the AUD/USD closing Monday’s opening gap lower and trading below 0.7100. This comes after the RBA opted to keep rates on hold at 1.50%. The EUR/USD is unchanged, after falling […]
Morning Report: 07.00 London The US dollar index is on the back foot, continuing Friday’s turnaround as the week starts with positive global sentiment. China Caixin PMI rose more than expected as the Chinese economy defies expectations. The AUD/USD has jumped higher, gapping above the 0.7100 level as trader bet on China’s positivity boosting its […]
Morning Report: 07.00 London The dollar index is tucking back this morning after hitting their highest levels of the week last night. This comes as China trade talks advance and despite US GDP coming in below expectations. The AUD/USD is leading the charge after holding support around 0.7080. The GBP/USD is holding ground after further […]
Morning Report: 07.00 London This morning, the US dollar index is on the back foot ahead of today’s US GDP meeting. Markets are jittery as trade talks with China resume. In Europe, the pound is recovering after another volatile session that saw confidence oscillate despite Theresa May’s offer to resign. The GBP/USD is rising after […]
Morning Report: 07.00 London The dollar index is on the rise this morning despite poor US consumer confidence figures last night. The New Zealand dollar is only a small counter weight, but is struggling this morning after the RBNZ offered a dovish rate statement. The AUD/USD is one of the worst performers, catching some of […]
Morning Report: 07.00 London The British Pound is slipping back again after MPs voted to take control of Brexit, by backing an indicative vote on the amendment. The GBP/USD has slipped below 1.3200, while the GBP/JPY is rangebound and struggling to hold the 145.00 level. The EUR/GBP is climbing and making gains for the second […]
Morning Report: 07.00 London The euro is recovering and maintaining some stability despite ongoing fears of trouble spreading from Turkey and the aftershocks from Friday’s data that have sparked Eurozone recession fears. The EUR/USD is trading above 1.1300 after opening below these levels this morning. There is still some way to go to make back […]
Morning Report: 07.00 London The British pound is slipping slightly lower after a dramatic late evening that saw a recovery of the bulk of yesterday’s losses. The EU granted the UK a Brexit extension, but with very firm strings attached – May has to get her deal through or the extension lasts only until April. […]
Morning Report: 07.00 London Markets were shaken yesterday by two major market moves. The first being Brexit entering its final phase, with the EU surprising many by putting conditions on an extension. The EU has said it will only grant an extension if MPs accept Theresa May’s final proposal, a move that has dramatically increased […]
Morning Report: 07.00 London The US dollar index is on the rise ahead of this evenings FOMC meeting where the Fed are widely expected to keep rates on hold, but signal future intentions. Dollar pairs have a negative bias as dollar strength makes an impact. The AUD/USD is lower for the second straight day, but […]
Morning Report: 07.00 London Traders are dropping the US dollar ahead of this week’s FOMC meeting, making early bets that the Fed will continue its dovish path. This could mark the third negative session in a row. The pound continues with its volatility, with the GBP/USD struggling to push through 1.3300. It was another wild […]
Morning Report: 07.00 London The US dollar index is on the back foot as traders eye a softer FOMC meeting on Wednesday. The dollar pairs are on the rise, helped by positive unilateral trade talks between China and European nations. The AUD/USD is on the rise, having broken through the 0.7100 level this morning. The […]
Morning Report: 07.00 London The dollar is on the back foot this morning on confidence for a break through between China and the US. The dollar pairs are on the front foot, led by the AUD/USD which has made good yesterday’s losses on hopes for a China rebound as trade talks enter their final phase. […]
Morning Report: 07.00 London The British pound is sitting just below the 1.3300 level after rallying sharply on the passing on the non-biding ‘no deal’ vote yesterday. The GBP/USD has slipped just below this level through the morning, but there’s no denying that the pound’s current volatility has a positive edge. The GBP/JPY continues to […]
Morning Report: 07.00 London The pound is steady this morning after a volatile 24 hours that saw a strong rally on hopes for May’s deal then a sudden plunge as parliament rejected the deal. There are small gains this morning ahead of a ‘no deal’ vote which is widely expected to be a formality as […]
Morning Report: 07.00 London The pound is soaring on news that Theresa May has secured an ‘improved deal’ with the EU. These improvements leave a whole world of grey area though, with the changes being more language adjustments that wholesale changes. It remains to be seen if this will be enough to push the deal […]
Morning Report: 07.00 London The British pound remains under pressure as the official Brexit deadline approaches. Markets still believe there is an overwhelming chance that there will be an extension to allow further negotiation, but recent brinkmanship has not helped confidence in this area. The GBP/USD gapped lower at the open this morning, following up […]
Morning Report: 07.00 London This morning, markets are in full risk-off mode, with traders flocking to the perceived safety of the Japanese yen. This comes after an unexpectedly dovish ECB meeting which pointed to slow growth and rates holding until 2020. The USD/JPY has hit reverse gear this morning, falling to 111.00 from 112.00 just […]
Morning Report: 07.00 London The US dollar’s advance is stalling after it emerged that the US trade deficit widened despite Trump’s recent trade negotiations. In addition, yesterday’s ADP payrolls came in below expectations. The dollar index is unchanged this morning after six straight days of gains. The AUD/USD is performing well and undoing some of […]
Morning Report: 07.00 London The US dollar index is hitting its stride, posting gains for the sixth straight day. The February highs are in sight, forcing the dollar pairs lower. The AUD/USD is hardest hit, plunging below 0.7050 this morning. The EUR/USD is also struggling, falling for its sixth straight day and looking to test […]
