Morning Report: 07.00 London The US dollar is weaker this morning after another solid showing yesterday amid confirmation that the Fed is not for turning. The GBP/USD is slightly higher, but the damage from yesterday’s selling remains. UK retail sales fell more than expected, forcing the GBP/USD below 1.3050, while the EUR/GBP has risen on […]
Morning Report: 07.00 London The US dollar is holding on to yesterday’s gains as markets continued to bet on higher rate levels for the US dollar. Yesterday’s Federal reserve meeting keep up the rate hike momentum, with the FOMC apparently prepared to defy Trump. The EUR/USD reversed heavily yesterday and is slipping below 1.1500 thi […]
Morning Report: 07.00 London The British pound is holding up relatively well, after average earnings came in above estimates yesterday. The EUR/GBP closed Monday’s opening gap higher yesterday, though finished off the lows around 0.8750. There is follow on selling this morning, with Brexit fears dampening economic optimism. Like other dollar pairs, the GBP/USD is […]
Morning Report: 07.00 London The US dollar is recovering after core retail sales came in well below estimates yesterday. Dollar pairs are on the back foot, but so far yesterday’s gains are holding. The AUD/USD is on the back foot, while the NZD/USD out-performs. The EUR/USD and GBP/USD are both on the back foot, but […]
Morning Report: 07.00 London The British pound is under pressure as the weekend’s Brexit talks reached a stalemate, potentially scuppering the prospect of an orderly transition. The GBP/JPY has dropped below its monthly long trading range. The GBP/USD happed lower, with 1.3100 holding as support for now. The EUR/GBP jumped higher, building on the last […]
Morning Report: 07.00 London The US dollar remains weak and is testing the October lows. US Stock markets have continued their descent, while US CPI came in below estimates yesterday. The GBP/USD is rallying once again, remaining within sight of the 1.3250 highs on building Brexit optimism. The euro continues to recover, building for its […]
Morning Report: 07.00 London Stock markets and the dollar index are rattled right now as investors fret over future rate hikes and Donald Trump warns that the Fed has ‘gone crazy’. Dollar pairs are enjoying the respite and making gains across the board. The EUR/USD is pushing higher for the third day in a row, […]
Morning Report: 07.00 London Stock markets are continuing their losing streak, with US yields rises stabilising. In this environment, the US dollar is struggling, helping dollar pairs to rise. The AUD/USD is higher for the third day in a row, as the 0.7050 level holds. The GBP/USD remains strong, notching up small gains this morning […]
Morning Report: 07.00 London This morning, markets are choppy on growing concerns that are limiting risk appetite. Concerns mount over emerging currencies, China and the Italian economy. The USD/JPY continues to fall from the highs around 114.50, with support at 113.00 the latest test. The EUR/JPY is following a similar path, with steady selling from […]
Morning Report: 07.00 London The US dollar is back on the front foot following Friday’s NFP inspired sell-off. Payrolls increased less than expected, while unemployment improved. This gave a boost to dollar pairs on Friday, but this boost is receding this morning as the dollar pairs reassert its dominance. The Austrian dollar is of particular […]
Morning Report: 07.00 London The dollar remains strong this morning, with markets expecting a strong set of NFP numbers. The Australian dollar remains weak, falling further below the 0.7100 level. The EUR/USD recovered half of yesterday’s losses, but is back on the losing track this morning. The GBP/USD rallied sharply back above the 1.3000 level […]
Morning Report: 07.00 London The US dollar is the currency of choice this morning after Hawkish Fed comments sparked a surge in bets on further and faster rate hikes. This was coupled with better than expected ISM non-manufacturing PMI. The Australian dollar has been hit hardest, with the AUD/USD plunging yesterday to below 0.7100 with […]
Morning Report: 07.00 London The EUR/USD is rebounding off support around 1.1550 as Italy concerns ease. This reverses yesterday’s losses which marked five days of losses. The EUR/GBP is also on the rise, building on yesterday’s losses as Brexit concerns slow down the pound. The EUR/CHF is also making gains this morning and is heading […]
Morning Report: 07.00 London The euro remains weak as markets fret over Italy’s budget expansion. The EUR/USD continues to slip lower after yesterday’s failure of the 1.1600 level. The EUR/GBP is unchanged so far, but generally the momentum remains with the pound on Brexit hopes and against the euro on Italy concerns. The EUR/JPY is […]
Morning Report: 07.00 London The Canadian dollar is the top performer, boosted by the news of a new US, Canadian and Mexican trade deal. The Canadian dollar has jumped higher, with the USD/CAD dropping to below 1.2850. The Canadian dollar is making even bigger gains against the likes of the pound and euro. The euro […]
Morning Report: 07.00 London The US dollar is experiencing an amount of selling pressure, but yesterday’s post-Fed gains are still unthreatened. The dollar remains the currency of choice for traders with its well communicated rate path pointing firmly higher. The EUR/USD is recovering to test the 1.1650 level after huge losses yesterday, with the pair […]
Morning Report: 07.00 London This morning, there is still a mixed reaction to yesterday’s FOMC meeting where the Fed raised rates by 0.25% as expected, but kept additional guidance mostly the same as last month. Most dollar pairs including the EUR/USD slipped yesterday, but there is a hint of a recovery this morning. The biggest […]
Morning Report: 07.00 London This morning, the dollar index is mixed ahead of today’s FOMC meeting where the Fed are expected to raise rates by 0.25% to 2.25%. The GBP/USD is peeling back slightly after a strong advance yesterday which has penetrated half of Friday’s slump. The EUR/USD is unchanged after struggling to make progress […]
Morning Report: 07.00 London This morning, the dollar index is mixed ahead of today’s FOMC meeting where the Fed are expected to raise rates by 0.25% to 2.25%. The GBP/USD is peeling back slightly after a strong advance yesterday which has penetrated half of Friday’s slump. The EUR/USD is unchanged after struggling to make progress […]
Morning Report: 07.00 London This morning, the dollar is back in control amid general uncertainty in other safe haven regions. The AUD/ USD is weak again for the second straight day as Chinese stock markets slump and Australia catches a cold by proximity. The euro is holding up ok following ECB President Draghi’s speech which […]
Morning Report: 07.00 London The US dollar is buoyant ahead of Thursday’s FOMC meeting where rates are expected to increase to 2.25%. The dollar is out-performing this morning as traders bet on further rate hikes beyond Thursday. The main highlights include the British pound which is slightly lower this morning after heavy losses on Friday […]
Morning Report: 07.00 London This morning, markets continue to shun safe havens, pushing the dollar and yen lower despite the prospect of a US rate hike next week. Demand for safe havens continue to weaken with many yen pairs hitting their highest levels since May. The EUR/JPY is one of the strongest performers with the […]
Morning Report: 07.00 London The dollar index is on the back foot this morning, but is still the power currency as bond yields and stock markets help keep the Greenback in control. The AUD/USD is just about negative after two days of solid gains. The EUR/USD is also higher after a tight session yesterday. The […]
Morning Report: 07.00 London The US dollar is weaker as markets stage a muted response to Trump’s China tariffs. Safe haven demand in the US dollar and Japanese yen is on the wane as investors express relief that tariffs aren’t as extreme as feared. The dollar index is lower, with the dollar pairs on the […]
Morning Report: 07.00 London This morning, markets are rangebound as traders await the opening salvos of Trump’s China trade tariff decisions. Friday saw a surge in interest for the dollar, despite poor retail sales data. This morning, the dollar is unwinding a small part of those gains, helping dollar pairs to push higher. The AUD/USD […]
Morning Report: 07.00 London The dollar index remains soft after US CPI came in below estimates and European central banks kept rate forecasts on track. The AUD/USD is higher again, extending the bounce off the 0.7100 level. The EUR/USD and GBP/USD are holding firm after yesterday’s rally, with the latter lagging slightly following Mark Carney’s […]
Morning Report: 07.00 London This morning, the US dollar remains off the pace after PPI came in well below estimates yesterday. Dollar pairs are generally enjoying strong gains, especially the AUD/USD which is making further gains after yesterday’s impressive rally. Australian employment change came in above estimates. The AUD/JPY is also performing well. Meanwhile, the […]
Morning Report: 07.00 London The US dollar is strengthening as trade war fears increase again, index is on the rise after a volatile session yesterday. The biggest effect is being seen on the AUD/USD, as the Aussie slips back to 26 month low against the US dollar on fears that trade disputes will hit China’s […]
Morning Report: 07.00 London The British pound remains strong after turning on the latest words from Michel Barnier that gave hope of a Brexit deal by November. It continues to be clear where the balance of power lies with the pound leaping yesterday on the positive ascent from the EU side. The GBP/JPY is up […]
Morning Report: 07.00 London The US dollar remains dominant following Friday’s better than expected Non Farm Payrolls which saw headline payrolls increase to 201k, with average hourly earnings also increasing. The unemployment rate increased unexpectedly though. The dollar pairs remain on the back foot, with the AUD/USD set to challenge the 0.7100 level again following […]
