Morning Report: 07.00 London The dollar index is slipping back slightly as global risk appetite returns. The AUD/USD is performing well following yesterday’s sub-par performance, recovering half of yesterday’s losses. The EUR/USD is also on the rise, bouncing off support around 1.1350. The GBP/USD is lagging though following yesterday’s rally that saw it push towards […]
Morning Report: 07.00 London The dollar index is on the rise as traders seek out reassurance following the IMF’s cut to global growth forecasts. The AUD/USD is slipping back from the 0.7200 level, making losses for the third day in a row. The EUR/USD continues to reverse from the failed assault on the 1.1500 level […]
Morning Report: 07.00 London The Japanese yen is in demand as China’s economy grows at its slowest rate since 1990. This drop was expected, yet still the confirmation is enough to funnel interest into the Japanese yen and away from the US dollar. Yen pairs have gapped lower this morning, falling just short of fulling […]
Morning Report: 07.00 London Markets are quiet this morning as traders pause for breath following yesterday’s moves. The British pound remains in a strong position, with the GBP/USD sitting just below 1.3000 following Thursday’s sizeable rally. The GBP/JPY is higher for the fifth day out of six, while the EUR/GBP continues to slump after euro […]
Morning Report: 07.00 London The British pound remains steady and in line with other pairs after Theresa May survived yesterday’s no confidence vote. The pound outperformed other currencies yesterday, particularly the euro which is lagging on growth concerns. The EUR/GBP dropped below 0.8850 for the first time since December and is holding those losses this […]
Morning Report: 07.00 London It has been a volatile 24 hours for the British pound, with the last night’s Brexit vote culminating in a larger defeat than expected for Theresa May’s proposal and the prospect of a no confidence vote. Markets have taken a positive interpretation on this, that the government will have to take […]
Morning Report: 07.00 London The British pound is relatively strong ahead of today’s parliamentary vote on Theresa May’s Brexit proposals. The bill is widely expected to fail, but the key question is the degree to which this has already been priced into current prices. The other competing driver right now is the Bank of England’s […]
Morning Report: 07.00 London The dollar index remains in a restricted trading range this morning as the US governmental shut down becomes the longest such deadlock in history. The crux of the matter remains payment for Trump’s wall across the Mexican border. This and disappointing China export data has pushed money into the perceived safety […]
Morning Report: 07.00 London The US dollar index is reversing most of yesterday’s rally. Dollar pairs are back on the rise after some reversals yesterday. The EUR/USD was hit hard yesterday, falling to 1.1500 with moderate gains this morning. The GBP/USD is lagging this morning though after failing at the 1.2800 level yesterday. The AUD/USD […]
Morning Report: 07.00 London Despite Stock markets staging a recovery, the safe haven of the Japanese yen is in demand this morning. The USD/JPY is lower for the second straight day following yesterday’s reversal from the 109.00 level. The EUR/JPY is struggling to break through 125.00, while the GBP/JPY is set to test support at […]
Morning Report: 07.00 London Markets are mixed this morning following Trump’s address to the nation overnight. The US dollar index is marginally higher as China-US trade talks enter a third day and Trump’s national address did nothing to break the US government shutdown. Dollar pairs are showing little movement so far, with the AUD/USD and […]
Morning Report: 07.00 London The dollar index is steadier this morning, as the Greenback rebounds from support levels and forces major dollar pairs to reverse some of yesterday’s gains. There were small gains for the AUD/USD yesterday, but these have mostly been reversed this morning on poor trade balance figures. The GBP/USD and EUR/USD are […]
Morning Report: 07.00 London The dollar index is pulling back further this morning, testing the December lows as traders shun the need for safe havens amid hope of a trade deal between the US and China. Dollar pairs are higher, led by the AUD/USD which has recovered from the New Year flash crash to trade […]
Morning Report: 07.00 London Yen pairs are stabilising this morning following the flash crash overnight on Wednesday. Talk of Chinese economic interventions have also helped calm regional currencies. The USD/JPY is rallying for the second day, but remains well below 2019’s dramatic plunge. The AUD/JPY rallied well yesterday, climbing to erase half of the flash […]
Morning Report: 07.00 London Markets are still reeling after Apple’s shock earning’s warning which turned the focus to a softening Chinese economy. Slow iPhone sales in China have combined with worse than expected China Manufacturing PMI to drive markets into the safe havens of the yen and dollar. The USD/JPY is now down by over […]
Morning Report: 07.00 London The US dollar remains under pressure, posting its third straight day of declines as pressure mounts on the Fed to ease its hawkish stance. Dollar pairs are mixed, with the GBP/USD recovering after gapping lower at the open following Monday’s unexpected advance above 1.2800. The AUD/USD reached a three year low […]
Morning Report: 07.00 London As we enter the final trading day of 2018, the dollar is slipping back, but remains firmly in the driving seat of currency moves. The big driver in the short term is the Japanese yen, with the USD/JPY dropping below the 110.50 support level after Friday’s plunge. The EUR/JPY also remains […]
Morning Report: 07.00 London The dollar index is on the rise this morning after heavy selling yesterday. The biggest counter move is against the yen which surged on Thursday as markets took fright at a range of global risks and took comfort in the yen. The USD/JPY plunged below 111.00 yesterday, but is recovering to […]
Morning Report: 07.00 London The dollar index is down slightly after staging a post Fed rally on expectations of a bullish rate path. Overall there are mixed fortunes for dollar pairs. The AUD/USD is lower again this morning after heavy selling yesterday that continues the December decline. The GBP/USD is higher slightly after moderate losses […]
Morning Report: 07.00 London The yen is in firm control as the USD/JPY drops below the 112.50 level, falling for the fourth straight day. Yen pairs are generally on the back foot, led by the AUD/JPY which is testing the 80.80 December low. The EUR/JPY is down only slightly and remains in a tight range, […]
Morning Report: 07.00 London The dollar index remains weak as traders weigh up Trumps latest attack on the Fed ahead of a likely 0.25% rate hike this week. The dollar is down for the second day this week, helping the dollar pairs to lift higher. The AUD/USD is recovering, with the 0.7170 level acting as […]
Morning Report: 07.00 London The dollar index is back in demand as global confidence fades and traders seek out the safety net of the US dollar. The dollar’s strength is being helped by the weakness in its main counterparty the euro. The EUR/USD dropped for the second straight day as the ECB issued a cautious […]
Morning Report: 07.00 London The dollar index is back in demand as global confidence fades and traders seek out the safety net of the US dollar. The dollar’s strength is being helped by the weakness in its main counterparty the euro. The EUR/USD dropped for the second straight day as the ECB issued a cautious […]
Morning Report: 07.00 London The British pound is at least stable after a recovery rally yesterday on the back of May’s confidence vote victory. While this offered some small relief for sterling, the pound remains close the lows for the year. The parliamentary vote still needs to be overcome, with the prospect of a ‘no […]
Morning Report: 07.00 London This morning, the US dollar index is dipping from the highs on general relief that trade talks are ongoing between the US and China. Risk appetite is increasing, helping dollar pairs to lift off the lows. The EUR/USD is rising, though remains rangebound between highs and lows from mid-November. The GBP/USD […]
Morning Report: 07.00 London The pound is at least stable this morning and trading above yesterday’s lows with some signs of small confidence returning. The GBP/USD plunged by over 1% on the news that Theresa May would Postpone the Brexit vote. The GBP/JPY slumped to its lowest levels since August, while the EUR/GBP spiked to […]
Morning Report: 07.00 London The dollar index is now on the back foot this morning after earlier strength that saw most dollar pairs gap lower at the open. China trade tensions and Brexit uncertainty are driving much of this move. The AUD/USD has made its morning gap lower and is now higher for the morning. […]
Morning Report: 07.00 London This morning, the dollar index has a positive bias ahead of today’s Non Farm Payrolls. The AUD/USD is dropping for its fifth straight day as investors weight up contagion from the Chinese economy and poor domestic economic data. The EUR/USD and GBP/USD are on the back foot, erasing a small part […]
Morning Report: 07.00 London Markets have been hit by a wave of risk-aversion on the arrest of Huawei CFO Meng Wanzhou. The yen is in demand, along with safe haven favourite the Swiss franc. Yen pairs are on the back foot, led by the rapid collapse of the AUD/JPY which is being hit due to […]
Morning Report: 07.00 London The US dollar is recovering after US stock markets retreated last night. The US dollar index is higher this morning, forcing dollar pairs on the back foot. The biggest loser is the AUD/USD which has closed Monday’s opening gap with heavy selling this morning following a big GDP miss. The AUD/JPY […]
