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Tag Archives: UK Outlook

Will the RBA Drive AUD Below 70 Cents?

Will the RBA Drive AUD Below 70 Cents? Daily FX Market Roundup March 5, 2019 The US dollar gapped lower at the start of the Asia session after President Trump complained about the strong dollar. However the greenback recovered its losses quickly because US Presidents don’t yield much influence on the value of the currency. This is a very an important week for currencies and the dollar in particular but the Fed’s Beige Book could highlight the labor market’s strength and the benefits...

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USDJPY – After Post GDP High, How Much Further Can it Rise

USDJPY – After Post GDP High, How Much Further Can it Rise The US dollar is coasting on a post GDP high and USD/JPY is enjoying one of the strongest rallies but better than expected growth was not the only reason for the pair’s gains. Here’s a quick look at the reasons why USD/JPY hit 112: 1. Better than expected US Q4 GDP 2. US 10 year Treasury yields hit 1 month highs 3. Trump extends China trade deadline 4. Tensions between India & Pakistan ease 5. Fed Chair Powell expresses...

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Dollar Power as USDJPY to 112.00

Market Drivers March 1, 2019 Dollar powers on into the week-end UK PMI Manufacturing in line Nikkei 1.02% Dax 1.14% Oil $57/bbl Gold $1306oz. Europe and Asia: EUR EZ PMI Manufacturing 49.3 vs.49.2 GBP UK PMI Manufacturing 52.0 vs. 52.0 North America: USD Personal Income 8:30 USD PCE 8:30 CAD GDP 8:30 It’s been a very quiet night of trade in FX with most majors in very narrow 20 pip ranges through Asian and European dealing but the dollar continued to enjoy the post USD GDP flows...

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Cable Soars on No-Hard-Brexit Relief

Market Drivers February 26, 2019 Cable soars on no-hard-Brexit relief All eyes on Powell in NY session Nikkei -0.37% Dax -0.17% Oil $55/bbl Gold $13286oz. Europe and Asia: No data North America: USD Housing Starts/Permits 8:30 USD Powell Congress Testimony 10:00 Cable was the star of the show in overnight trade tonight as the pair finally broke through the 1.3200 resistance line on renewed market confidence that a hard-Brexit exit from the EU was not going to happen. Two events yesterday...

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3 Currencies to Buy on Fed Powell’s Testimony

3 Currencies to Buy on Fed Powell’s Testimony Daily FX Market Roundup February 25, 2019 We are starting this busy trading week with solid gains in equities and currencies. Thanks to President Trump who officially delayed the next round of tariffs, all of the major currency pairs are trading higher today led by gains in the Australian and New Zealand dollars. While the President hinted at this outcome last week, investors were relieved that his views did not change before an official...

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FX Feeling Chipper with Euro and Pound Bid

Market Drivers February 25, 2019 Trump extends China tarriffs deadline EU mulls Brexit extension to 2021 Nikkei 0.48% Dax 0.35% Oil $57/bbl Gold $1328/oz. Europe and Asia: NZD Retail Sales 1.7% vs. 0.3% North America: USD Wholesale Inventories 10:00 The week in FX started with a mild risk on trade as political news over the weekend bolstered investor sentiment. President Trump announced a delay in the increase in tariffs against Chinese goods, noting that trade negotiations have been...

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China Trade Deal Extension & What it Could Mean for USD

China Trade Deal Extension & What it Could Mean for USD Daily FX Market Roundup February 22, 2019 Before the end of this week, US President Trump will decide if the March 1st China tariff deadline should be extended. Everything he’s said so far suggests that it will but if he changes his mind at the last minute, which is always a possibility, currencies such as the Australian and New Zealand dollars will come crashing down. They won’t be the only currencies on the move because a...

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AUD and NZD – More Weakness Ahead?

AUD and NZD – More Weakness Ahead? Daily FX Market Roundup February 21, 2019 The biggest story in the FX market today was the sharp reversal and big declines in the Australian and New Zealand dollars. These moves were driven entirely by the market’s appetite for AUD because there was no NZD data or news. At first, A$ traders were positively surprised by the labor market data that showed solid hiring at the start of the year. More than 39K jobs were created in January with full time work...

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Dollar – Past its Prime?

Dollar – Past its Prime? Daily FX Market Roundup February 19, 2019 Investors are selling US dollars ahead of Wednesday’s FOMC minutes. This move should not be a surprise to our readers as we talked about how the greenback is past its prime The economy is slowing and two of the most important measures for the Fed (retail sales and CPI) retreated further last week. While equity market traders were happy that another government shutdown was averted, the deal in Washington failed to have...

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Dollar – Real Progress or False Promises?

Dollar – Real Progress or False Promises? Daily FX Market Roundup February 15, 2019 With retail sales falling by the biggest amount in nearly a decade, many forex traders are wondering if the US dollar is past its prime. Last week all of the major currencies held steady or traded higher against the greenback. The New Zealand dollar rose the most on the back of the Reserve Bank’s monetary policy announcement. The Australian dollar was not far behind in gains but the Japanese Yen, Swiss...

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