Morning Report: 07.00 London The US dollar index is building on yesterday’s gains as traders seek out safe havens on the back of China GDP concerns. China is projecting growth of ‘just’ over 6% as the trade war bites, forcing traders to turn the perceived safety of the Greenback. Dollar pairs are struggling, with the […]
Morning Report: 07.00 London This morning the dollar pairs are on the front foot as a China-US deal draws near. The dollar index is suffering as the AUD/USD gaps higher at the open, falling just short of resistance around 0.7100. The GBP/USD has gapped higher at the open, and is well above support around the […]
Morning Report: 07.00 London The US Dollar index is on the rise and building on yesterday’s GDP inspired gains. Traders are betting on further US growth despite the potential risks exposed by US-North Korea talks breaking down. Dollar pairs are on the back foot, with the exception of the EUR/USD which is holding its ground […]
Morning Report: 07.00 London The Japanese yen is in demand this morning as geopolitical risk factors rise. China-USA trade talks are stalling, while India-Pakistan tensions are rising. Brexit chatter is for the moment quiet, but there are growing concerns over the impact of a substantial delay. The USD/JPY is back below 111.00, while the EUR/JPY […]
Morning Report: 07.00 London The dollar index has regained some of the ground lost yesterday as traders reflect on yesterday’s testimony from FOMC chair Powell. The pound is slipping back slightly after making significant gains yesterday as a Brexit delay (and possible avoidance) inches closer to reality. The GBP/USD is giving back some of yesterday’s […]
Morning Report: 07.00 London The British pound is holding most of yesterday’s gains as traders bet on a Brexit delay, with an outside chance of a second referendum. The GBP/JPY is giving back some of yesterday’s gains after pushing higher to test 146.00. Meanwhile, the GBP/USD is building on yesterday’s rally that saw the pair […]
Morning Report: 07.00 London The dollar index and other risk-assets are on the back foot this morning as traders bet on a positive outcome for trade talks following Trumps offer to extend the latest round of deal making. The dollar index gapped lower, helping the dollar pairs to gap higher as a consequence. The AUD/USD […]
Morning Report: 07.00 London The dollar index is in demand this morning, building on yesterday’s gains as traders seek out some sort of stability amid testing times. Yesterday’s economic data was mixed at best, with German and EU flash manufacturing PMI coming out below expectations and US Philly Fed Manufacturing also dropping more than expected. […]
Morning Report: 07.00 London The Australian dollar is under scrutiny this morning, with the AUD/JPY falling 1.11% and the AUD/USD by just under 1.00%. The Aussie has now given back all the week’s losses against the dollar and yen. The Aussie is being hit by a Westpac report which predicts two rate cuts this year. […]
Morning Report: 07.00 London The US dollar index is back on the rise, following steady losses yesterday. The GBP/USD was the star of the show yesterday, with hefty gains pushing the pair through the 1.3050 level. The pound is slipping back slightly this morning, but recent gains are holding. The rally is almost entirely Brexit […]
Morning Report: 07.00 London The US dollar index is on the rise as traders err on the side of caution regarding US-China trade talks. Another round of talks have been announced, but the fact that there has not been a resolution yet has pushed some traders back into their shell. Dollar pairs are on the […]
Morning Report: 07.00 London The Japanese yen and the US dollar index are on the back foot as traders bet on a positive resolution to extended trade talks. The dollar index is following up Friday’s losses. The EUR/USD struggled on Friday in volatile trading, but ultimately closed higher, with follow-up buying this morning. The GBP/USD […]
Morning Report: 07.00 London The US dollar index is mixed after yesterday’s surprise plunge in US retail sales that saw activity drop to 2009 levels. The US dollar gave ground in many areas as a result, but not all. There were gains for the AUD/USD, but these gains have been cancelled out by early losses […]
Morning Report: 07.00 London The Japanese yen continues to struggle on the back of yesterday’s GDP miss and the current preference for riskier assets. Yen pairs are extending gains, with the USD/JPY set for five gains in five sessions. The AUD/JPY is leading the pack higher, though still remains below last week’s lows. The EUR/JPY […]
Morning Report: 07.00 London The dollar index is on the back foot as global risk appetite increases. The Greenback has reversed all of Friday’s gains, backing up Monday’s losses. The biggest beneficiary has been the NZD/USD which has jumped over 1.5% as the RBZN projected that they would keep rates on hold through 2020. The […]
Morning Report: 07.00 London The US dollar index is pausing at the highs this morning after reaching six week highs yesterday. Trade talks with the US and China have resumed, helping US markets to push higher yesterday, with consolidation this morning. The EUR/USD is pausing at the lows after plunging through the 1.1300 level yesterday. […]
Morning Report: 07.00 London The dollar index is rallying on hopes for a successful round of trade talks between the US and China. The dollar index is nudging back to the neutral line after gapping lower at the open. Dollar pairs are mixed with a positive bias following this morning’s dollar gap lower. The AUD/USD […]
Morning Report: 07.00 London The US dollar index is building on its recent bull run, rallying for the sixth straight day after Trump ruled out meeting China’s President Xi before a deadline for tariff increases. The AUD/USD is slipping lower, falling to break through the mid-January lows, while the AUD/JPY follows the same pattern to […]
Morning Report: 07.00 London The dollar index is building on Wednesday’s surge, with further gains causing dollar pairs to plunge. The AUD/USD sunk to just above 0.7100, with follow on selling taking the pair below that marker this morning. Lowe’s warnings of lower rates to come are continuing to have an impact. The AUD/JPY also […]
Morning Report: 07.00 London The dollar index is surging higher on the back of Trump’s early morning State of the Union address which revealed a new summit with North Korea’s Kim. Dollar pairs are firmly on the back foot, with the selling led by the Australian dollar. The AUD/USD is seeing its biggest fall outside […]
Morning Report: 07.00 London The dollar index is on the back foot this morning as US markets show concern over tech giant Alphabet’s (Google) rising costs. Dollar pairs are generally higher, but the start of the morning is the AUD/USD which is rallying strongly despite the RBA hinting that rates will be kept on hold […]
Morning Report: 07.00 London The dollar index is being pushed higher by follow-on buying on the back of Friday’s Non Farm Payrolls, which saw overall wage growth increase more than expected. ISM Manufacturing PMI also increased more than expected, adding to the positive aspect of Friday. On the negative side, US unemployment rose, with average […]
Morning Report: 07.00 London The dollar index is being pushed higher by follow-on buying on the back of Friday’s Non Farm Payrolls, which saw overall wage growth increase more than expected. ISM Manufacturing PMI also increased more than expected, adding to the positive aspect of Friday. On the negative side, US unemployment rose, with average […]
Morning Report: 07.00 London The dollar index is making gains again this morning as traders raise their hopes of a trade meeting between Xi and Trump. In addition, yesterday’s disappointing economic data is being overridden by positive expectations for today’s Non Farm Payroll release. Most dollar pairs are on the back foot, with the AUD/USD […]
Morning Report: 07.00 London The US dollar index is on the back foot after the FOMC posted a cautious stance yesterday. The dollar pairs are on the front foot, led by the AUD/USD which is building on yesterday’s solid rally which took the pair above 0.7250. The EUR/USD is climbing for the fifth straight day […]
Morning Report: 07.00 London The US dollar is on the back foot this morning ahead of this evening’s FOMC meeting. Markets are expecting no change, but traders will be alert for any hints of future direction. The AUD/USD is one of the top performers, rallying following the release of inflation data that came in above […]
Morning Report: 07.00 London The British pound is maintaining its moderate sell-off as Tory division and the realism of Theresa May’s revised plans cause the week’s previous Brexit confidence to wane. The GBP/USD is down only slightly, but this comes amid a morning of general strength for dollar pairs. Similarly, the GBP/JPY is unchanged while […]
Morning Report: 07.00 London This morning, the dollar index is selling off further, following Friday’s slump which saw a switch to risk taking on the reopening of the US government departments and a resumption of US-China trade talks. The AUD/USD is building on Friday’s gains which saw the Aussie recover all the previous losses for […]
Morning Report: 07.00 London The dollar index is on the back foot this morning, helping dollar pairs to make tentative gains. The EUR/USD is recovering after hefty losses yesterday that saw the pair slip to test the 1.1300 level. The AUD/USD is also making small gains, but the down swing from the January highs is […]
Morning Report: 07.00 London Sterling is slipping back slightly this morning after strong gains yesterday on emerging campaigns to block a no-deal Brexit. The GBP/USD garnered headlines after pushing through the 1.3000 yesterday and testing 1.3100 briefly this morning before giving some gains back. The GBP/JPY is faring better, with follow-on gains so far as […]
