Morning Report: 07.00 London The dollar is surprisingly mixed despite announcement of a trade agreement with the EU yesterday and a joint statement condemning China for intellectual property theft. There were big gains for dollar pairs yesterday, with small losses this morning. The EUR/USD is on the back foot, but the gains made yesterday are […]
Morning Report: 07.00 London The euro remains under pressure this morning after selling off yesterday on the back of disappointing services PMI data. The EUR/USD is down slightly again, below 1.1700 after the euro struggled despite a weak dollar. The EUR/JPY has now dropped for six straight days, while the EUR/GBP plunged below 0.8900. The […]
Morning Report: 07.00 London The Japanese yen remains the power broker across currency markets, as the USD/JPY attempts to reverse yesterday’s gains. The AUD/JPY is seeing the biggest losses, with the pair reversing heavily from the 83.50 level 82.00 in just three days. The EUR/JPY has reversed yesterday’s recovery and is challenging the 130.00 level. […]
Morning Report: 07.00 London The yen has surged on so far unsubstantiated reports that the BOJ is looking to change its monetary policy including interest rate targets. Meanwhile, the US dollar opened the week on the back foot following yet another round of Trump trade tariff worries and geopolitical Twitter spats. The USD/JPY gapped lower […]
Morning Report: 07.00 London The US dollar appears to have survived Trump’s comments that he’s not thrilled with the prospect of rate rises, but is letting the Fed so what they feel best. Though there is no prospect of direct intervention, markets have noted concern about subtle pressure this might bring to subdue US rate […]
Morning Report: 07.00 London The British pound remains under pressure after touching its lowest levels since September 17 yesterday. With UK inflation levels falling below expectations yesterday, traders are taking bets off an August rate rise. The GBP/USD’s fall approached 1.3000 yesterday, but closed some way off the lows after a late rebound. There is […]
Morning Report: 07.00 London The US dollar index remains strong after Powell’s testimony which supported a gradual increase in interest rates to come. The dollar pairs remain on the back foot, with the AUD/USD slumping back towards the lows after three days of losses. The EUR/USD suffered heavy losses yesterday, pushing the pair below 1.1650 […]
Morning Report: 07.00 London The US dollar remains subdued despite better than expected retail sales and Empire State Manufacturing data yesterday. Trump’s controversial tour of Europe has culminated with a meeting with Putin in which both parties denied any election wrong doing. In this environment, the Swiss franc is picking up the baton for safe […]
Morning Report: 07.00 London The US dollar is subdued on the eve of Trump’s historic meeting with Putin in Helsinki. It is a culmination of a trip that has left a trail of sound bites and problematic implications. Disappointing economic data from China overnight has only served to pressure the US dollar further. The dollar […]
Morning Report: 07.00 London The US dollar has lifted off the pace somewhat, though dollar pairs are mixed in their reaction. The AUD/USD is capitalising on this and building on yesterday’s gains. The GBP/USD and EUR/USD are subdued however, with the pound marking three days of gains against the dollar the euro four. The USD/CHF […]
Morning Report: 07.00 London The Japanese yen remains on the back foot after heavy selling in the face of dollar strength yesterday. US PPI climbed higher than expected and there is a growing belief that Trump’s tariff’s will lead to higher inflation and therefore higher rates. The USD/JPY jumped from below 111.00 to above 112.00 […]
Morning Report: 07.00 London The US dollar is on the rise this morning as markets adjust to the impact of Trump’s Tariffs across the world. The AUD/USD has been hit hardest, with a sharp reversal yesterday and follow on selling this morning. The AUD/JPY hit a barrier yesterday and sold off heavily. The EUR/USD is […]
Morning Report: 07.00 London The British pound remains under pressure following yesterday’s turmoil sparked by the twin resignations of Boris Johnson and David Davis. The former was unexpected, spooking the pound lower on fears that May’s Chequers plans will be dead in the water. As ever, it is uncertainty that instils the biggest fear in […]
Morning Report: 07.00 London The British pound remains positive after the resignation of Brexit secretary David Davis. The move may have less impact following the Prime Ministers successful Chequers meeting where the party agreed their ‘unified’ approach to Brexit. The GBP/USD is higher this morning, as is the GBP/JPY, while the EUR/GBP is only slightly […]
Morning Report: 07.00 London The US dollar index is steady ahead of today’s FOMC meeting. Global markets are poised as the deadline for China steel tariffs passes. US data was mixed yesterday. Dollar pairs are mixed, with the AUD/USD on the rise, but the GBP/USD and EUR/USD on the back foot. ADP non farm employment […]
Morning Report: 07.00 London The euro is picking up the baton and making gains after playing second fiddle to the pound yesterday. The pound rallied on the back of strong services PMI data yesterday, with the EUR/GBP slipping. The euro is catching up though, with the EUR/GBP erasing yesterday’s gains and the EUR/USD posting its […]
Morning Report: 07.00 London Chinese markets have entered into some stability despite trade war fears, a move which some attribute to direction intervention by the Chinese government. Either way, it’s good news for the Aussie dollar which is also benefitting from better than expected retail sales. The AUD/USD is up 0.23%, building on yesterday’s gains. […]
Morning Report: 07.00 London The Aussie dollar is on the rise this morning after the RBA opted to keep rates on hold as expected. The statement was well received with traders bidding up the Aussie as a result. The AUD/USD is up 0.2%, with the AUD/JPY up 0.25%. The Aussie is still down on the […]
Morning Report: 07.00 London The US dollar index is making gains after heavy losses on Friday. The dollar has some way to go to overcome these losses and regain last week’s highs as traders are wary of weak US economic sentiment. The dollar pairs are mirroring this trend, with the AUD/USD heading back to the […]
Morning Report: 07.00 London The euro is charging higher as EU leaders reach a deal on migration that avoided conflict with Italy’s hardline PM. The EUR/USD is up 0.72% this morning, with the EUR/JPY up by 0.89%. This comes as the US dollar index backs off from the highs in the face of euro strength. […]
Morning Report: 07.00 London The US dollar index remains firmly in control as emerging market currencies continue to feel the heat. Trump has backed off from some of his trade comments, but the Greenback remains the power currency. The prospect of a global trade war may have diminished slightly, but the Chinese economy remains under […]
Morning Report: 07.00 London This morning, markets generally remain defensive, with the US dollar remaining in control as the global trade spat continues. The US dollar index has regained some of its poise after selling off since the 21st. The AUD/USD has continued to dribble lower back towards the June lows as the NZD/USD slumps […]
Morning Report: 07.00 London The Japanese yen remains in favour amid a general flight to safety. Markets remains spooked by the prospect of a global trader war and confusing US messages over the treatment of foreign investments. The USD/JPY continues to drop from the highs as the yen takes control. The AUD/JPY continues to suffer […]
Morning Report: 07.00 London The Japanese yen is in firm control as China makes its first move against US tariff threats, with the PBOC relaxing deposit rules to help heavily indebted companies. The USD/JPY has pulled back further from the highs, while the AUD/JPY is slipping back towards the lows below 81.00. The GBP/JPY and […]
Morning Report: 07.00 London The British pound continues to out-perform following yesterday’s surprisingly bullish MPC meeting where three members voted for a rate hike amid noises of quitting QE earlier than expected. The GBP/USD and GBP/JPY are higher again after rallying yesterday, while the EUR/GBP is sinking for the second straight day. The euro is […]
Morning Report: 07.00 London The US dollar has extended its winning run despite trade war worries. This has continued to force the dollar pairs ever lower. The AUD/USD is extending its losing run on the week, off by over 1%, though not as far as the NZD/USD which is off by 1.50% this week. The […]
Morning Report: 07.00 London The US dollar continues to dominate despite the risks and uncertainty surrounding Trump’s tariff plans. The dollar index continues to stretch to multi month highs, while the dollar pairs struggle. The pound slumped to seven month lows against the dollar, with the EUR/GBP also making gains for three days in a […]
Morning Report: 07.00 London This morning, markets are reeling from Trump’s mooted threat to levy more than $200bn of Chinese goods. Markets have been shaken by this move, sending the Japanese yen soaring as traders seek out safe harbours. The USD/JPY is selling off for the second straight day. The AUD/JPY continues to falter, heading […]
Morning Report: 07.00 London The US dollar is holding at the highs after the ECB gave a dovish perspective on its QE exit and the BoJ opted to keep rates on hold. The US increasingly appears to be going its own way, setting the dollar on a path of strength. Dollar pairs are generally unchanged […]
Morning Report: 07.00 London The US dollar remains soft despite raising rates as expected and markets projecting two more. Part of this decline is that some in the market were hoping for firmer guidance. The US dollar index finished lower in volatile trading and is slightly lower again this morning. Dollar pairs mirrored this move, […]
