Morning Report: 07.00 London The US dollar remains on top ahead of today’s FOMC meeting where the Fed are expected to increase rates to 2.00%. The dollar has been accumulating steadily in the lead up to today, but the key, as ever will be the Fed’s forward projections beyond today. The dollar pairs remain on […]
Morning Report: 07.00 London The US dollar remains at the highs as Trump’s Korea talks commence. The dollar pairs are mixed this morning, with the AUD/USD rallying, but the EUR/USD is unchanged and the GBP/USD down slightly. Meanwhile the US dollar continues to make gains against the Canadian dollar and Swiss franc. The pound lagged […]
Morning Report: 07.00 London Trump’s global diplomatic antics are causing frictions and divisions amongst world allies. In offering the olive branch to Russia, Trump has set himself against his G7 colleague, with Canada’s Trudeau on the receiving end of a lashing. The dollar index is holding up well despite Trump’s activities. The biggest movements have […]
Morning Report: 07.00 London The euro remains in control on fresh hopes that monetary stimulus may be coming to an end. The euro spurted much higher yesterday, with the EUR/GBP jumping higher before retreating to small gains. There are further small gains this morning. The EUR/USD is also continuing to make small but steady gains […]
Morning Report: 07.00 London The euro is in control after hints from the ECB around tapering away from QE. Officials cited wage inflation as picking up in the likes of Germany as driving a recovery. Markets gave a relatively muted reaction as some market movers expressed caution. The EUR/USD climbed for the fourth day in […]
Morning Report: 07.00 London The Australian dollar is dominating currency movements this morning after GDP came in above estimates at 1%. The AUD/JPY is up 0.69%, with the AUD/USD up 0.63%. The EUR/AUD has reversed most of yesterday’s gains and is heading for 1.5300. In Europe, the EUR/GBP is making small gains this morning after […]
Morning Report: 07.00 London The British pound is recovering after under-performing yesterday as Theresa May delays her Brexit white paper. The GBP/USD continues to sink back towards the May lows, while the EUR/GBP pumped up to the EUR/GBP level yesterday. This weakness comes despite strong UK construction data yesterday. Dollar pairs are generally on the […]
Morning Report: 07.00 London The dollar index is on the back foot this morning after failing to ignite on Friday despite better than expected US economic data, including NFP. Dollar weakness comes amid a general appetite for risk taking and uncertainty over the dollar’s long-term prospects in light of Trump’s policies. The Australian dollar has […]
Morning Report: 07.00 London The dollar index is on the back foot this morning after failing to ignite on Friday despite better than expected US economic data, including NFP. Dollar weakness comes amid a general appetite for risk taking and uncertainty over the dollar’s long-term prospects in light of Trump’s policies. The Australian dollar has […]
Morning Report: 07.00 London Currencies are steady despite stock market turmoil surrounding Trump’s tariffs. Tit for tat punishments are on the cards with a global trade war thought to be closer than any time since the 1930s. The dollar index is in control, rising again this morning. Dollar pairs are on the back foot, with […]
Morning Report: 07.00 London This morning markets remain in recovery mode after staging a dramatic recovery yesterday. The dollar index remains on the back foot after poor US data yesterday, with GDP and ADP jobs data dropping below expectations. Meanwhile, the euro recovered as fears of Italy receded. The EUR/USD overhauled Tuesday’s losses, with small […]
Morning Report: 07.00 London The euro is at least stabilising after hefty selling yesterday as traders fret over the state of Italian political and banking systems. The EUR/JPY is posting small gains this morning, but the damage was done yesterday, with the pair off by 1.58% on the week. Markets are generally seeking out safer […]
Morning Report: 07.00 London The euro remains under some pressure after heavy selling yesterday brought on by renewed concerns over Italy. Ex IMF director of fiscal affairs Carlo Cottarelli accepted the Presidents request to form a government. This ‘technocrat’ solution has avoided the formation of an anti-EU leaning government, but has raised the prospect of […]
Morning Report: 07.00 London The US dollar is back in demand amid a general retreat into risk-off trading. This comes as Trump cancels the planned North Korea summit and generally poor US economic data. The yen was in control yesterday, as traders switched out of the dollar on poor US unemployment and existing home sales. […]
Morning Report: 07.00 London The Japanese yen is in demand as traders take fright of Trump’s treatment of the China negotiations. Dovish Fed minutes also depressed the dollar, helping money to flow into the yen. The USD/JPY is the worst performer so far, extending recent losses and down 0.55%. Other yen pairs have continued to […]
Morning Report: 07.00 London The US dollar is back in control as markets fret over emerging currencies and Trump’s mixed signals over China. The dollar index is on the rise this morning, forcing dollar pairs lower. The Australian dollar has reversed course, with the AUD/USD one of the worst performing dollar pairs this morning. The […]
Morning Report: 07.00 London The British pound remains under pressure ahead of another crucial EU meeting, while traders are eyeing today’s UK borrowing nervously. The GBP/JPY and GBP/USD have continued to slip lower. The pound made losses against the dollar yesterday, while the likes of the euro and Aussie made gains, forcing the EUR/GBP higher. […]
Morning Report: 07.00 London This morning, the US dollar continues to dominate, with added fuel coming from hopes for a China-US trade deal. The US dollar index has hit its highs levels for the year as dollar pairs remain under pressure. The EUR/USD is lower again, touching 1.1700 and falling for the sixth day in […]
Morning Report: 07.00 London There are numerous threads pulling at markets at the moment, including stress on emerging markets and Argentina, oil prices at 3 ½ year highs and soaring US Treasury yields. The clearest reaction has been seen on the USD/JPY as the yen soars on safe-haven interest. The USD/JPY is approaching 111.00 after […]
Morning Report: 07.00 London This morning, the US dollar remains on the back foot following poor economic data yesterday. Housing starts and Capacity Utilization Rate both dropped below expectations, while global tensions eased. The US dollar index has dropped off the highs for the second straight highs. By contrast the British pound enjoyed strong interest, […]
Morning Report: 07.00 London This morning, the dollar remains in control as risk factors flood into global markets. North Korean talks have collapsed, with Pyongyang blaming the one sided nature of demands and negotiations. Dollar pairs generally are unchanged this morning, but pressure remains. The euro is under particular pressure, after documents released from the […]
Morning Report: 07.00 London This morning, the euro is retreating again after reaching a high tide just shy of 1.2000 yesterday. The euro popped higher and subsequently retreated on comments from ECB member Villeroy indicated that a rate hike was on the cards sooner than expected. The EUR/USD is on the back foot, while the […]
Morning Report: 07.00 London Markets are becalmed this morning as tensions ease between China and US, while Trump axing of the Iran deal has so far failed to worry markets too much. The dollar index is unchanged, but the bull trend has certain paused if not turned. Both the EUR/USD and GBP/USD are higher, but […]
Morning Report: 07.00 London This morning, the British pound remains under pressure following yesterday’s BOE meeting. The MPC downgraded growth and inflation, with expectations for the next rate increase inching into the future. The GBP/USD dropped in volatile trading, with small gains this morning. Meanwhile, the EUR/GBP shot higher as the euro holds its ground. […]
Morning Report: 07.00 London This morning, the US dollar index is on the back foot as money flows into the safety of the Japanese yen. Traders are seeking out safer harbours especially in emerging markets after the Malaysian opposition sprung a surprise election victory. The GBP/USD and EUR/USD are rising after weeks of losses, while […]
Morning Report: 07.00 London The dollar index is in control once again as dollar pairs fall on the back foot. This comes despite Trump removing the US from the Iran nuclear deal. The EUR/USD is trading well below 1.1900, extending its recent losing run. The GBP/USD is also struggling, but is holding up relatively well […]
Morning Report: 07.00 London This morning, the US dollar is firmly in the driving seat, with dollar pairs such as the AUD/USD falling further overnight. Aussie retail sales dropped more than expected, while Chinese trade balance disappointed. The AUD/USD is off by 0.25%, while the AUD/JPY continues its steady down trend. The Swiss Franc continues […]
Morning Report: 07.00 London This morning, the dollar index remains on the back foot as traders pull away from the dollar ahead of today’s Non Farm Payrolls. Dollar pairs have enjoyed moderate gains, with the likes of the AUD/USD lifting off from the lows. The dollar index is peeling back from the 2018 highs once […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot after reaching 2018 highs following a bullish fed meeting. The FOMC gave a cautious but positive assessment of the US economy, while ADP non-farm employment change came in slightly above estimates. The dollar pairs are climbing this morning as the pressure […]
Morning Report: 07.00 London This morning, the US dollar is backing off slightly after solid gains yesterday despite below par US manufacturing PMI. Traders are skimming off profits this morning ahead of the big economic items. The pound slumped yesterday, with a negative bias this morning. UK manufacturing PMI dropped more than expected, while net […]
