Morning Report: 07.00 London The US dollar pairs are mixed after steady gains yesterday against the US dollar. Yesterday’s losses were sparked by Trump targeting Japan as the next trade partner up for re-negotiation. The yen and Swiss franc were the biggest beneficiaries yesterday, with both the USD/CHF and USD/JPY sold off significantly. The USD/CHF […]
Morning Report: 07.00 London This morning, markets have a bias towards the safe havens of the Japanese yen and Swiss franc as concerns surrounding emerging market contagion increases. The USD/CHF is slipping back lower following Tuesday’s rally. The 0.9700 is level is holding as support for now though. The EUR/CHF is dropping after three days […]
Morning Report: 07.00 London The US dollar index remains dominant this morning, as emerging market stress continues to generate Greenback interest. The dollar pairs are mixed this morning, with the USD/CAD of particular interest as the Canadian dollar continues to suffer as trade negotiations drag on. The USD/CAD has now risen for five straight days. […]
Morning Report: 07.00 London The Australian dollar is on the rise this morning despite an uneventful RBA meeting which at least didn’t provide any dovish shocks. The AUD/USD is rising again off support around 0.7200, while the AUD/JPY is similarly rising off 80.00. The pound remains soft after the GBP/USD gapped lower on Brexit fears […]
Morning Report: 07.00 London The British pound is the main mover following Barnier’s rejection of May’s Chequers plans. This has sparked a near complete reversal of last weeks rally, with the pound gapping lower against all major currencies this morning. The GBP/JPY is the biggest loser, down by 0.51%. Dollar pairs are performing well, with […]
Morning Report: 07.00 London This morning, safe havens are firmly in play as investors fret over the state of Argentina and Turkey, alongside the impact of fresh tariffs landing on China. The Japanese yen is in strong demand, with the USD/JPY dropping below 111.00 again this morning after yesterday’s heavy reversal. The AUD/JPY is down […]
Morning Report: 07.00 London The New Zealand and Australian dollars are the main movers, with the NZD/USD down 0.92% and the AUD/USD down 0.42%. The Aussie is dropping after poorer than expected CAPEX data this morning. The pound is holding yesterday’s gains made after the EU’s Michel Barnier proclaimed a special deal for the UK, […]
Morning Report: 07.00 London The dollar index is higher this morning, but the Greenback remains near 14-week lows. After the conclusion of Mexico negotiations, attention now turns to Canada, with the Canadian dollar making gains this morning on the back of a four-day run. The EUR/CAD is reversing recent gains, while the GBP/CAD is testing […]
Morning Report: 07.00 London The dollar index is staging a small rebound after yesterday’s hefty sell-off. Yesterday’s NAFTA announcement helped markets generally, but Trump’s devaluation rhetoric kept a lid on dollar advances. The EUR/USD is slipping below the 1.1700 level after gapping higher yesterday. These gains are outpacing the GBP/USD which has lost most of […]
Morning Report: 07.00 London The Australian dollar is rebounding as Scott Morrison emerges to become the new Prime Minister. The AUD/USD sunk heavily yesterday, but the pair has recovered half those losses this morning. The AUD/JPY is recovering quicker after smaller losses yesterday. The euro continues to out-perform and is now the top performer on […]
Morning Report: 07.00 London The Australian dollar is struggling as the Australian government seeks to control the chaos of a potential coup. The AUD/USD is down 0.84%, with the AUD/JPY off by 0.57%. The US dollar is stronger overall, reversing the gains made over the last seven days. The EUR/USD has reversed yesterday’s gains, while […]
Morning Report: 07.00 London The dollar index is slightly firmer again this morning, but the trend remains against the safe haven assets of the dollar and yen. Markets are recovering some confidence that there won’t be an all out trade war that destroys global trade. The EUR/USD is unchanged after solid gains yesterday, recovering the […]
Morning Report: 07.00 London The dollar index is under pressure, with dollar pairs building on yesterday’s gains. Trump downplayed the prospects for trade talks with a China and criticised the Fed’s rate hike trajectory. The AUD/USD is now set for its fourth day of solid gains. The EUR/USD and GBP/USD are following a similar trend, […]
Morning Report: 07.00 London The US dollar is in control in tentative trading this Monday morning. The AUD/USD has gapped lower after hefty gains on Friday following poor US consumer sentiment data on Friday. The GBP/USD and EUR/USD are retreating further after two days of gains. The USD/CAD sunk heavily on Friday as the Canadian […]
Morning Report: 07.00 London The dollar index is on the back foot as traders drop their desire for safe havens while China-US trade talks progress. The AUD/USD is rising off the lows for the second day in a row. The EUR/USD is also increasing after bouncing off the 1.1300 level on Wednesday. The GBP/USD is […]
Morning Report: 07.00 London Emerging markets are recovering this morning, pulling demand for the safe havens of the US dollar and Japanese yen. This comes as the US and China are set to resume trade talks. The Australian dollar is surging, with the AUD/USD erasing two days of losses, with the AUD/JPY recovering yesterday’s sell […]
Morning Report: 07.00 London Markets are skittish this morning, with traders fretting over the potential for contagion from the turmoil afflicting emerging market currencies. The Turkish Lira is at the epicentre of the trouble, but the Indian Rupee and Honk Kong dollar are under severe pressure. Money is flowing into the perceived safety of the […]
Morning Report: 07.00 London The dollar pairs are rebounding, with the dollar index and other safe havens on the back foot. There is no good news specifically, more an absence of potentially bad news. Movements are slight though, with any gains potentially wiped out in a morning session. The EUR/USD is rallying off the 1.1400 […]
Morning Report: 07.00 London This morning, emerging market currencies remain under severe pressure as Turkey moves to soothe world markets. The Turkish contagion is spreading to the Rupee and Rand as investors take fright and move to safe havens in Asian and America. The Japanese yen continues to draw in volume as traders bet on […]
Morning Report: 07.00 London The euro is set for a second day of heavy selling and is already down 0.57% today against the US dollar. The main driver is the ECB’s concerns over European banking exposure to the collapsing Turkish Lira. The EUR/GBP is reversing from the highs, following on from yesterday, but is still […]
Morning Report: 07.00 London The NZD/USD is struggling after the RBNZ opted to push out its interest rate forecast further into the future. The Kiwi is trading below 0.6700 for the first time this year. The British pound continues to struggle in the face of Brexit fears, with the GBP/USD trading at its lowest levels […]
Morning Report: 07.00 London The US dollar remains under pressure as the US administration raises tariffs on more goods in the trade war against China. The dollar index is lower for the second straight day, given most dollar pairs a boost. The EUR/USD continues to out-perform, rallying from Monday’s opening gap lower. The EUR/CHF has […]
Morning Report: 07.00 London The Australian dollar is performing well, despite the RBA opting to keep interest rates on hold. The AUD/USD has made good yesterday’s losses, rising above 0.7400 with some change. The AUD/JPY is rallying, challenging the 82.50 level. Dollar pairs are generally performing well, lifted by the dollar’s poor performance since Friday’s […]
Morning Report: 07.00 London This morning, markets have so far ignored the PBoC’s activity to strengthen the Renminbi over the weekend. The dollar index is on the rise again after being hit by Friday’s poor payrolls and manufacturing PMI data. The AUD/USD made hay on Friday, making gains back up to the 0.7400 level, but […]
Morning Report: 07.00 London Following a day of frantic activity, markets are calm as they await today’s main ticket – Non Farm Payrolls. The US dollar index has a slight positive bias after significant gains made yesterday. The GBP/USD is unchanged so far after the Bank of England raised rates as expected, but expressed enough […]
Morning Report: 07.00 London The dollar index is on the ascendency, forcing dollar pairs lower. The AUD/USD is lower for the second day in a row as Australia braces itself for China’s economy feeling the impact of a 25% jump in tariffs. These fears are trumping better than expected trade balance figures. Yesterday’s FOMC meeting […]
Morning Report: 07.00 London The US dollar remains strong this morning, ahead of today’s US Non Farm Payroll data and FOMC meeting. The AUD/USD is firmly on the back foot, reversing yesterday’s gains and halting the mini rally. The EUR/USD is also cutting back, after failing to break through the 1.1700 level once again. Meanwhile, […]
Morning Report: 07.00 London The Japanese yen is struggling after the BoJ opted to keep rates on hold against an outside chance of easing moving to an end. Instead, the BoJ announced that headline interest rates were likely to remain at historic lows or the foreseeable future. The USD/JPY has risen, though the weak dollar […]
Morning Report: 07.00 London Markets are generally quiet ahead of a busy week for world currencies. We have major announcements from the BoJ, Fed and BOE alongside major economic releases from the US with Non Farm Payrolls. The pound is out-performing, with the GBP/USD unchanged while the EUR/USD falls. The GBP/JPY is making small counter […]
Morning Report: 07.00 London The US dollar is mixed after Facebook surprised markets with a shock drop in profits brought about by privacy costs. The AUD/USD is rising after hefty selling yesterday. The EUR/USD is making similar moves after dropping below 1.1650 yesterday following the ECB press conference. By contrast, the pound is displaying follow-on […]
