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Tag Archives: Featured

Is USDJPY Finally Ready to Run to 110.00?

Market Drivers November 5, 2019 Risk on flows continue RBA hints no more cuts Nikkei 1.76% Dax 0.14% UST 10Y 1.82% Oil $56/bbl Gold $1504/oz BTCUSD $9308 Europe and Asia: AUD RBA stays on hold GBP UK Services PMI 50 vs. 49.6 North America: USD ISM Services 10:00 Another positive night for risk assets in the currency market as traders were buoyed by news that US-China talks were progressing on target and that the US may lift the 15% tariffs on China goods imposed in September. The...

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AUD: Here’s What You Can Expect from RBA

AUD: Here’s What You Can Expect from RBA Daily FX Market Roundup November 4, 2019 The Australian dollar is in focus this week with a number of market moving economic reports and a monetary policy announcement on calendar. Having traded to 3 month highs last week, A$ retreated ahead of today’s Reserve Bank of Australia monetary policy announcement. No changes to interest rates are expected from the RBA, who cut borrowing costs 3 times in the last 5 months. When they lowered interest...

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Dollar – No Relief Rally as ISM not NFPs tells Real Story

Dollar – No Relief Rally as ISM not NFPs tells Real Story Daily FX Market Roundup November 1, 2019 October was a challenging month for the US dollar. The vulnerabilities of the US economy became more apparent, forcing the Federal Reserve to take further action to insure against a deeper slide in growth. The greenback lost value against all of the major currencies and started the month of November under pressure. Today’s ISM manufacturing report tells the real story of the US economy....

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Dollar Stays Weak Ahead of NFP

Market Drivers November 1, 2019 China PMI beats All eyesy on NFP Nikkei -0.33% Dax 0.417% UST 10Y 1.68% Oil $54/bbl Gold $1513/oz BTCUSD $9175 Europe and Asia: CNY PMI Manufacturing 51.7 vs. 51.0 North America: USD NFP 8:30 USD ISM Manufacturing 10:00 The dollar remained near its lows against most of the majors in Asian and early European trade ahead of the marquee event of the day as markets awaited the US Non-Farm Payrolls report at 12:30 GMT. As many experts have pointed out today...

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Dollar Crashes on China, Will NFPs be the Nail in the Coffin?

Dollar Crashes on China, Will NFPs be the Nail in the Coffin? Daily FX Market Roundup October 31, 2019 Investors continued to dump US dollars today with the greenback trading lower against all of the major currencies. USD/JPY was hit the hardest but significant losses were also seen for the dollar against GBP and NZD. Federal Reserve Chairman Powell’s optimistic outlook for the economy and the labor market failed to translate into strength in the currency because even though further...

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Dollar Dumped Hard Post FOMC

Market Drivers October 31, 2019 Dollar in back foot EUR CPI in line Nikkei +0.37% Dax -0.57% UST 10Y 1.74% Oil $54/bbl Gold $1505/oz BTCUSD $9004 Europe and Asia: EUR CPI 0.7% vs. 0.7% North America: CAD GDP 8:30 The dollar was broadly lower falling hardest against the yen in Asian and early European dealing today as FX markets continued to react to the FOMC rate decision yesterday. Although Fed Chair Powell clearly signaled that the Fed will pause after yesterday 25bp cut, his refusal...

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Fed Cuts, Powell’s Optimism Drives Risk On Rally

Fed Cuts, Powell’s Optimism Drives Risk On Rally Daily FX Market Roundup October 30, 2019 The Federal Reserve lowered interest rates for the third time this year by 25bp. While the move was widely expected, it triggered a small expansion in FX volatility. USD/JPY surged above 109 to a high of 109.28 before u-turning lower while EUR/USD dropped to 1.1080 and then rebounded above 1.1140. Fed Chairman Powell made it clear that today’s move was an insurance cut aimed at offsetting risks of...

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Will Fed Signal a Pause?

Market Drivers October 30, 2019 AUD CPI inline FX awaits FOMC Nikkei -0.57% Dax -0.20% UST 10Y 1.83% Oil $55/bbl Gold $1490/oz BTCUSD $9210 Europe and Asia: AUD AU CPI 0.5% vs. 0.5% North America: USD ADP 8:15 USD GDP 8:30 CAD BOC 10:00 USD FOMC 14:00 FX markets were steady ahead of key event risk in the North American session today with most majors slightly up against the dollar as traders prepared for the FOMC decision at 16:00 GMT. In Asia, the Australia CPI data came inline at 0.5%...

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FX: Could USD Pop on FOMC? Plus BoC Outlook

FX: Could USD Pop on FOMC? Plus BoC Outlook Daily FX Market Roundup October 29, 2019 The Federal Reserve is widely expected to lower interest rates for the third time this year and the US dollar is trading strongly ahead of the monetary policy announcement. USD/JPY hovers right underneath 109, its strongest level in nearly 2 months which is unusual because the prospect of easing should be negative not positive for the currency. However with Fed fund futures showing a 94% chance of a...

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GBPUSD – Will Boris Get His Vote?

Market Drivers October 29, 2019 Markets flat Kiwi sees a whipsaw Nikkei 0.47% Dax -0.18% UST 10Y 1.83% Oil $55/bbl Gold $1494/oz BTCUSD $9448 Europe and Asia: No Data North America: USD Consumer Confidence 10:00 Its been a quiet lackluster night of trade in FX with most pairs hugging narrow 20 point ranges as traders awaited the election vote in UK Parliament and the FOMC meeting tomorrow. In Asia, the kiwi saw a bit of turbulence first rising on news that the New Zealand superannuation...

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