Wednesday , October 16 2019
Home / Tag Archives: Currency Focus

Tag Archives: Currency Focus

Will NFP Be the Death Knell of the Dollar?

Market Drivers October 4, 2019 FX Steady ahead of NFP AU Retail Sales miss slightly Nikkei 0.32% Dax -0.02% UST 10Y 1.52% Oil $52/bbl Gold $1509/oz BTCUSD $8138 Europe and Asia: AU AUD Retail Sales 0.4% vs. 0.5% North America: USD NFP 8:30 CAD Trade Balance 8:30 It’s been a quiet night of trade in FX with majors contained in very tight ranges as markets awaited the release of today US NFP report with sentiment toward the US now highly negative. The sharp decline in both ISM surveys this...

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UK PMI Signals Recession but Cable Holds Bid on Brexit Hopes

Market Drivers October 3, 2019 UK PMI sinks All eyes on US ISM Nikkei -2.01% Dax closed UST 10Y 1.58% Oil $52/bbl Gold $1500/oz BTCUSD $8300 Europe and Asia: GBP UK PMI Svc.49.5 North America: USD ISM Non Manufacturing 10:00 UK PMI services report dipped below the 50 boom/bust line suggesting that the economy is headed for the recession, but cable ignored the news holding bid at 1.2300 as markets focused on possible progress on Brexit talks. UK PMI services printed at 49.5 vs. 50.3 eyed...

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Dollar Bid, Pound Offered as Markets Await Central Bank Speak

Market Drivers September 26, 2019 Pounds sinks as Johnson barrels to no deal Breaxit USD bid Nikkei 0.13% Dax 0.57% UST 10Y 1.70 Oil $56/bbl Gold $1507/oz BTCUSD $8441 Its been a generally quiet night of trade characterized primarily by dollar strength and pound weakness as the markets appeared to have found relief in the latest impeachment revelations while in the UK PM Johnson barreled straight for a no-deal Brexit sending cable towards the 1.2300 figure. Yesterday’s release of the...

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Trump Ends US Shutdown But That Won’t Help the Dollar

Trump Ends US Shutdown But That Won’t Help the Dollar Daily FX Market Roundup Jan 25, 2019 After being shutdown for 35 days, President Trump announced on Friday that a deal has been reached to reopen the government for 3 weeks until February 15th. In this time, he expects both Democrats and Republicans to work together on a Homeland Security package that will include funding for border walls. The agreement will include back pay for furloughed workers, which is good news but the debate on...

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Will ECB Send EUR Below 1.13? Plus Battle in Washington Heats Up

Will ECB Send EUR Below 1.13? Plus Battle in Washington Heats Up Daily FX Market Roundup Jan 23, 2019 The next 24 hours should be an interesting one for the forex market as investors tune into the European Central Bank’s monetary policy announcement and a pair of Senate votes that could end the government shutdown. The day starts with the ECB meeting at 7:45AM ET / 12:45 GMT and follows with the Senate votes around 2:30pm ET / 19:30 GMT. For the first time in nearly 2 weeks, euro...

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Dollar – Feeling the Pain of Rising Rates and Trade Tensions

Dollar – Feeling the Pain of Rising Rates and Trade Tensions Daily FX Market Roundup Jan 22, 2019 For the first time since the U.S. government shutdown the S&P 500 closed in negative territory. This decline coincided with weakness in most of the major currencies. Although it would be easy to attribute the deterioration in sentiment and decline in stocks to the larger than expected drop in existing home sales, equity futures were negative well before the data was released. With the...

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Behind USD Rise and 3 Options for Brexit Plan B

Behind USD Rise and 3 Options for Brexit Plan B Daily FX Market Roundup Jan 18, 2019 The U.S. dollar traded higher against all of the major currencies today with the exception of the Canadian dollar because as it turns out, the U.S. government shutdown has been good for the dollar and stocks. Outside of the decline on the first day of 2019 trade, there has not been a down day for the Dow or S&P. But don’t mistaken the government shutdown is not actually positive for U.S. assets....

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Some Quick Notes on Post Brexit Vote Trade

Some Quick Notes on Post Brexit Vote Trade by Kathy Lien, Managing Director of FX Strategy Daily FX Market Roundup Jan 16, 2019 Prime Minister May’s Brexit deal suffered a big defeat yesterday in Parliament. She lost by 230 votes, which was her worse case scenario. Instead of falling however GBP surged on the decision and is trading well above 1.28. As BoE Governor Carney pointed out this morning, the rebound in the currency reflects expectations that Article 50 will be extended and...

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GBP – How to Trade the Brexit Vote

GBP – How to Trade the Brexit Vote Daily FX Market Roundup Jan 14, 2019 For the next 48 hours, there’s nothing more important than the Brexit vote. Members of Parliament will begin voting on Prime Minister May’s withdrawal agreement at 7pm London time on Tuesday. There is no specific time for the vote to end, but it should happen in the late North American or early Asia session. At this point, May is expected to lose by a margin big enough to force her to seek an Article 50 extension....

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Why Its Not a Good Time to Buy Dollars

Why Its Not a Good Time to Buy Dollars Daily FX Market Roundup Jan 11, 2019 By Saturday, the U.S. government will be in the midst of its longest shutdown ever and while this stoppage to government activity is gripping politicians and the media, the impact on the financial markets have been limited. U.S. stocks recovered throughout the past week, volatility declined and the greenback, which fell hard at the end of the year is stabilizing. For the most part, it was a quiet week in the...

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