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Tag Archives: Asia Outlook

5 Reasons Why Traders are Selling US Dollars

5 Reasons Why Traders are Selling US Dollars Daily FX Market Roundup July 18, 2019 Investors are selling US dollars and we’d like to explain why. All of the major currencies traded higher against the greenback on Thursday with the exception of the Canadian dollars. There are no fewer than 5 reasons for the greenback’s weakness over the last 24 hours: 5 Reasons Why Traders are Selling US Dollars 1. Federal Reserve poised to cut rates this month 2. Iran seized a foreign tanker 3. US...

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Dollar Slips Back, NZD Hits 3 Month Highs

Dollar Slips Back, NZD Hits 3 Month Highs Daily FX Market Roundup July 17, 2019 The US dollar traded lower against all of the major currencies on Wednesday as Treasury yields resumed their slide. The New Zealand benefitted the most from the decline, rising to its strongest level in 3 months. Sterling, which had fallen to a year to date low versus the greenback during the European session recovered steadily into the NY close ending the day in positive territory. Housing starts and...

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FX: Powell vs. Bank of Canada vs. Fed Minutes

FX: Powell vs. Bank of Canada vs. Fed Minutes Daily FX Market Roundup July 9, 2019 In the next 24 hours, there are 3 major event risks that could change the course for currencies. The most significant will be Federal Reserve Chairman Powell’s testimony on the economy and monetary policy and then the Bank of Canada’s monetary policy announcement. Both of the events could amount to nothing but there’s also a high possibility of market moving new revelations. For the US dollar, everyone...

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Forex: This is the #1 Event Risk This Week

Forex: This is the #1 Event Risk This Week Daily FX Market Roundup July 8, 2019 US dollar bulls remain in control with the greenback extending its gains against all of the major currencies. Friday’s non-farm payrolls report sparked a broad based recovery in the greenback. With no US economic reports scheduled for release Monday and Tuesday, the dollar held onto its gains as investors wait for its next catalyst, Federal Reserve Chairman Powell’s semi-annual testimony on the economy and...

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Dollar Bulls Regain Control After Non-Farm Payrolls

Dollar Bulls Regain Control After Non-Farm Payrolls Daily FX Market Roundup July 5, 2019 The US dollar traded sharply higher against all of the major currencies on the back of Friday’s non-farm payrolls report. A total of 224K jobs were created in the month of June, significantly better than the 160K forecast. Frankly, we are surprised by the sustainability and magnitude of the dollar’s move because the rest of the labor market report was underwhelming. Last month’s weak 75K print was...

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FX Traders – Here’s Our Guide on Trading July Non-Farm Payrolls

FX Traders – Here’s Our Guide on Trading July Non-Farm Payrolls Daily FX Market Roundup July 3, 2019 The U.S. non-farm payrolls report is always a big mover for the U.S. dollar and all of the major currencies but this month’s report could be more market moving than usual. First, participation is lower with many U.S. traders off for the July 4th holiday weekend. This is the most popular weekend for summer vacations and trading desks are generally staffed with junior traders who are...

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Dollar Bulls Retreat, Euro Gets All the Action

Dollar Bulls Retreat, Euro Gets All the Action Daily FX Market Roundup July 2, 2019 That was quick! After rising strongly on Monday, the U.S. dollar traded lower against all of the major currencies as G20 optimism gave way to fresh uncertainties. USD/JPY, U.S. stocks and Treasury yields turned lower after Russian President Putin unexpectedly pulled out of a scheduled event to meet with his defense minister minutes after U.S. Vice President Pence abruptly returned to D.C. Nothing has been...

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FX: RBA Preview, G20, OPEC

FX: RBA Preview, G20, OPEC Daily FX Market Roundup July 1, 2019 The G20 summit ended with a trade truce between the US and China. President Trump and President Xi agreed to restart talks with Trump promising to hold back additional tariffs and allow US companies to sell their equipment to Huawei while discussions are underway. In return China agreed to resume purchases of American goods and buy a “tremendous amount” of American food and agricultural products. The US dollar soared in...

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FX Flows Fueled by G20 Optimism

FX Flows Fueled by G20 Optimism Daily FX Market Roundup June 28, 2019 All of the major currencies either held onto or extended their gains on Friday on trade talk optimism. President Trump’s sit down with President Xi is on Saturday and contrary to our expectations for profit taking, the bulls have held onto their positions with the hope of a positive resolution. The general belief is that it won’t take much for Trump to agree to delay further tariffs on China and by the same token it...

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G20 & Quarter End Means Lively Friday FX Trade

G20 & Quarter End Means Lively Friday FX Trade Daily FX Market Roundup June 27, 2019 The highly anticipated G20 meeting kicks off tomorrow and between heightened uncertainty over the weekend and month/quarter-end, Friday should be a lively day for the forex market. US stocks hit record highs in the second quarter and while the greenback tumbled in the month of June, it experienced strong gains in March and April. When investors and portfolio managers rebalance their portfolios at...

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