Morning Report: 07.00 London Markets have a bullish bias this morning as traders shun the dollar in favour of ‘riskier’ assets and the yen. The biggest moves can be seen on the USD/JPY which is down 0.5%, as the weak dollar meets the resurgent yen. Other yen pairs are following suit, with the GBP/JPY off […]
Morning Report: 07.00 London This morning, markets have woken up with a focus on the apparent dovish bias for the Fed for 2019, with the dollar index dropping lower from the open. These early moves are even more apparent on dollar pairs which have gapped lower at the open. The most impressive of these moves […]
Morning Report: 07.00 London The dollar index is recovering its poise after a volatile week that saw mixed news around the FOMC. Comments from Powell implied a Dovish stance, while the latest FOMC minutes showed that a rate hike remains imminent. The AUD/USD is pulling back from the highs, with the pair peaking at just […]
Morning Report: 07.00 London The dollar index remains subdued after a shock speech from FOMC chair Powell which proclaimed that rates were now in neutral territory (i.e. rates may not have further to go). Previously markets had been pricing in further rate hikes, resulting in dollar weakness as traders reign in their rate hike bets. […]
Morning Report: 07.00 London The dollar index is on the back foot after testing the November highs yesterday. Currency markets are generally calm as the G20 meeting approaches despite concerns over the US-China trade truce. The AUD/USD is higher again this morning after two volatile sessions to start the week. The GBP/USD is nudging higher […]
Morning Report: 07.00 London Markets are quiet this morning as traders weigh up the market risks of Ukraine tensions and Trump’s latest China tariff threat. Brent crude is also holding above $60 after weeks of heavy selling. The dollar index is mildly lower this morning. Dollar pairs have a positive bias, with the AUD/USD making […]
Morning Report: 07.00 London There has been no Brexit bounce for the pound this morning after EU leaders approved the Brexit divorce terms this weekend. Markets had already discounted EU approval, with the real challenge being parliamentary approval. Early indications are that it will be an uphill challenge for Theresa May to put in mildly, […]
Morning Report: 07.00 London This morning, the dollar index continues to slide as risk appetite returns to global markets as risk appetite returns during the Thanksgiving lull. The EUR/USD is on the front foot, bidding higher for the third day in a row. By contrast, the GBP/USD is slipping back as some of yesterday’s Brexit […]
Morning Report: 07.00 London The dollar index is on the back foot this morning, with small amounts of follow-on selling from yesterday’s reversal. US core durable goods orders came in worse than expected yesterday. Markets are generally quiet though with US equity market closed for Thanksgiving. The EUR/USD is building on yesterday’s tentative gains, but […]
Morning Report: 07.00 London The US dollar index is slipping back slightly this morning after hefty gains yesterday. Some of the biggest gains came against the Canadian dollar, which is suffering as oil prices continue to plunge on fears of over-production. The USD/CAD shot higher to above 1.3300 overnight, with minor losses so far this […]
Morning Report: 07.00 London The dollar index is stable despite further selling of US technology stocks last night. The Nasdaq 100, home to Apple, Amazon and Microsoft et al sold off by over 3% and is sitting at the lows. Dollar pairs are mixed this morning, with the Australian dollar struggling on release of the […]
Morning Report: 07.00 London The US Dollar index is slightly firmer after heavy selling last week on trade tensions and a return to risk appetite across Europe. The AUD/USD has gapped lower after popping above 0.73100 on Friday. Traders will be eyeing this line to see if former resistance will be come support. The EUR/USD […]
Morning Report: 07.00 London This morning, the pound is stable after suffering its biggest single day loss since Brexit yesterday. The GBP/USD plunged dramatically, but still remains above the November and August lows, with small gains this morning. The GBP/JPY suffered significant losses on the day, but the November and indeed August lows remain some […]
Morning Report: 07.00 London The British pound is making tentative gains in line with other dollar pairs. Yesterday’s market reaction to Theresa May’s historic and fractious cabinet agreement on her Brexit proposal is best summarised as ‘meh’. After much volatility throughout the day, the pound finished slightly lower, with those losses being erased this morning. […]
Morning Report: 07.00 London It is a historic day of the pound as Theresa May presents her Brexit deal to Cabinet ahead of a parliamentary vote. Cabinet approval is far from certain ahead of what is likely to be a shaky parliamentary vote. On the optimistic side, even if the cabinet reject the proposal, there […]
Morning Report: 07.00 London The US dollar is pulling back from the 2018 highs, with dollar pairs enjoying a relief rally. Both the euro and the pound were hit by Brexit uncertainty yesterday, with the euro coming in for intensive selling on concerns over Italy. The EUR/USD made fresh 12 month lows, falling below 1.1250, […]
Morning Report: 07.00 London This morning, the ebbs and flows of Brexit confidence continue to weigh on the pound following the resignation of Jo Johnson from the cabinet over concerns about the government’s plans. Sterling has gapped lower across the board. The GBP/JPY slumped heavily on Friday with further selling this morning bringing the pair […]
Morning Report: 07.00 London The dollar in control once again after yesterday’s Fed meeting provided more hawkish guidance on future rates. The dollar index rebounded with follow on buying this morning. Dollar pairs remain on the back foot, with the EUR/USD slipping back towards the lows. The GBP/USD is also following up yesterday’s losses, but […]
Morning Report: 07.00 London The dollar index remains on the back foot this morning, giving dollar pairs a moderate boost. The GBP/USD continues to hold gains on Brexit hopes despite the lack of concrete progress in recent days. The EUR/USD is struggling though after falling back yesterday. The EUR/GBP is drifting lower again as a […]
Morning Report: 07.00 London The US dollar index is on the back foot after US mid-term elections saw Democrats take the House, while Republicans took the Senate. It’s been a volatile 24 hours for the Greenback, but the US dollar index is currently posting small losses after selling off yesterday. Dollar pairs are holding volatile […]
Morning Report: 07.00 London The US dollar is recovering from an opening gap lower which initially boosted dollar pairs this morning before they fell back as dollar buyers stepped in. The dollar index is now unchanged for the morning, holding Friday’s NFP gains which came in at much higher than expected. The USD/JPY is building […]
Morning Report: 07.00 London This morning, the pound is holding the gains from yesterday’s rally which saw its biggest one day gains since April 2017. Brexit optimism, hawkish rate hike comments and the weaker dollar have combined to push the GBP/USD above the 1.3000 level. The GPY/JPY is showing more follow-on momentum this morning, testing […]
Morning Report: 07.00 London This morning, dollar interest is waning despite ADP Payrolls coming in above estimates yesterday. This comes as the S&P 500 recovered by 1% last night amid a generate return to risk appetite bias. Even the USD/JPY is on the back foot despite overall yen weakness. The Australian dollar is the big […]
Morning Report: 07.00 London The US dollar remains dominant despite a Chinese manufacturing flashing a warning and coming in below estimates. Risk appetite is clearly on the rise, and dollar confidence near its highest levels for the year. The EUR/USD and GBP/USD are unchanged at the lows this morning after further selling yesterday. The pound […]
Morning Report: 07.00 London The dollar index is steady after making strong gains yesterday while the Dow Jones dropped more than 200 points at one point. Trump has toned down his trade war threats, helping the dollar and punishing the Chinese Renminbi to new lows. The dollar pairs are mixed this morning, with the AUD/USD […]
Morning Report: 07.00 London The US dollar is recovering after Friday’s sell off which came about despite better than expected US GDP numbers. Dollar pairs are on the back foot, but so far with only minor losses compared to Friday’s substantial reversal. The euro is lower after the EUR/USD bounced off the 1.1350 level. By […]
Morning Report: 07.00 London US stock markets recovered from the previous day’s plunge, but currencies are telling another story. Traders are still clamouring for the safety of the US dollar and Japanese yen. The dollar index continues to climb, butting pressure on dollar pairs. The AUD/USD is being singled out for punishment, slipping below the […]
Morning Report: 07.00 London This morning, markets are steadying after last night’s late rout on US financial that saw the tech heavy Nasdaq make its biggest fall since 2011. The yen pairs are stabilising after heavy selling yesterday as traders sought out the yen’s safety yesterday. The USD/JPY fall back to support at 112.00 with […]
Morning Report: 07.00 London The dollar index is mixed after stepping off the gas yesterday. Despite this, the euro continues to lag on soft inflation and Italian concerns. The EUR/GBP is dipping again after failing to break the 0.8850 resistance line. The EUR/CHF continues to stumble at the highs, with the pair trading within a […]
Morning Report: 07.00 London The dollar index is recovering somewhat this morning after moderate selling on Friday. Markets are generally quiet despite the potential risk factor of Trump removing the US from the nuclear treaty with Russia. The AUD/USD is making small losses after a positive session on Friday, that saw support around 0.7100 hold. […]
