The main currency pairings have continued to ply narrow ranges for the most part, though AUD-USD managed to eke out a three-week high at 0.7157, surpassing yesterday’s peak by 5 pips. The move in the Aussie was sparked by upbeat remarks from RBA’s Debelle. Elsewhere, EUR-USD lifted modestly but remained below yesterday’s two-week high at […]
The OVERVIEW The US dollar is trading with a weaker tone across the board, with DXY down 0.35% GBP/USD is waiting near a three-day low with market waiting for a reply letter from the EU
The Dollar was somewhat softer in N.Y. on Monday, seeing the DXY pullback to 96.99 lows from 97.20. Activity was fairly light overall, with risk taking levels a bit under water through the day. Factory orders were in-line with expectations, and had little impact on the USD. EUR-USD rallied to 1.1274 from 1.1245, while USD-JPY […]
Narrow ranges have continued to prevail among the dollar majors for the most part, though the Yen, along with the Australian and Canadian Dollars as saw some modest gains. USD-CAD in particular has rotated lows concomitantly with new trend highs in oil prices. Front-month WTI crude prices printed a five-month high at $64.76. Military tension […]
The Dollar has been trading with a softening tilt. Sterling has been volatile on the back of Brexit-related news noise today, rallying quite sharply before falling back quite sharply. The drop came after EU’s chief negotiator Barnier dismissed an unconfirmed report that Germany’s Merkel was open to time-limiting the Irish backstop (which guarantees that an […]
Narrow ranges have been prevailing so far among the main dollar pairings an associated crosses. Modest Yen strength was the main directional theme, with the Japanese currency rotating between 0.2% and 0.3% higher concurrently with a turn lower in Asian stock markets. This drove USD-JPY and AUD-JPY to respective six-day lows at 111.35 and 78.96 […]
The Dollar majors has been trading with little direction. Modest Yen strength was a theme during the Tokyo session, with the Japanese currency lifting by between 0.2% and 0.3% concurrently with a turn lower in Asian stock markets. This drove USD-JPY and AUD-JPY to respective six-day lows at 111.35 and 78.96 and EUR-JPY to a […]
Currency market participants have for the most part been directional unambitious ahead of the U.S. employment report, which, as always, brings potential to upside the apple cart of global market sentiment. EUR-USD has hunkered down in the lower 1.1200s, consolidating a three-week bear phase that left a one-month low on Tuesday at 1.1183. USD-JPY settled […]
OVERVIEW The US dollar set to end the week on a strong note after solid NFP employment data. GBP/USD plummets to a three-day low on Brexit extension. WTI is waiting to make a higher move after strengthening 4.4% this week. HIGHLIGHT
The Dollar index bounced to near highs of the week after the March U.S. jobs report, which was a bit mixed, with NFP printing higher than expected, though earnings missed the mark. The DXY rallied from 97.28 lows to 97.46. Wall Street rallied modestly, as U.S.-China trade negotiation are set to continue through the weekend. […]
Narrow ranges have been prevailing among the main Dollar pairings and associated cross rates, while global equity markets have sputtered and oil prices have pulled back from the five-month highs that were seen yesterday. German February manufacturing orders unexpectedly slumped 4.2% m/m in February, which, while putting a little weighted on the bearish end of […]
OVERVIEW The US dollar trading broadly higher ahead of key NFP employment data. GBP/USD remains volatile as the House of Commons prepares to vote again. WTI steadies near six-month high with a barrel now trading $62.75. HIGHLIGHT
The Dollar was fairly steady at slightly elevated levels through the N.Y. session on Thursday. Weekly jobless claims, which came in a 40+ year lows provided some early support, though overall, the market looked to be somewhat sidelined ahead of the key March U.S. jobs report on Friday. EUR-USD bottomed at 1.1206 then steadied near […]
A firmer Pound and a softer Yen have been the main themes in otherwise directionally subdued trading in the main currencies so far today. Cable recouped above 1.3100, while EUR-GBP has ebbed back some after rallying yesterday.
The Dollar and Yen have been softening against most currencies as a risk-on sentiment continued to course through global markets. European stock markets rallied, the MSCI Asia-Pacific (ex-Japan) equity index printed a fresh seven-month high, while oil prices posted fresh five-month highs. China released forecast-beating services PMI data, which rose to 54.4 in March from […]
OVERVIEW The US dollar broadly lower this morning as investors switch to risk-on activities. GBP/USD rallies to its highest level in a week as UK PM meets Leader of Opposition to find a breakthrough. Oil futures climbed above $62 a barrel, strengthening gain to 38% this year. HIGHLIGHT
The Dollar pulled back from Tuesday’s near one-month high during the European morning session, before bouncing slightly in N.Y. trade. The DXY ranged between 97.17 and 97.00 through the session. Hopes for progress in U.S.-China trade talks took some safe-haven demand away from the USD. EUR-USD traded to 1.1249 highs from 1.1225, while USD-JPY dipped […]
The Dollar majors have been trading mixed so far today. USD-JPY has traded a less than 20-pip range so far today, centred on 111.40-45. EUR-JPY and most other Yen crosses have also been directionally dormant, though AUD-JPY managed to edge out a one-month high at 79.46, buoyed by a generally finer Australian Dollar. AUD-USD concurrently […]
The Dollar has traded firmer against most currencies so far today. The narrow trade-weighted USD index printed a four-week high at 97.46 while EUR-USD concurrently posted a four-week low at 1.1190. USD-JPY lifted to a two-week high at 111.45 in what is now the fourth consecutive session of gains. The sharp rise in Treasury yields […]
OVERVIEW The US dollar keeps a strong tone as global growth uncertainty weighs on global currencies. GBP/USD turns negative after the House of Commons could not find a breakthrough on the second set of alternatives votes. Oil futures trading near five-month high on OPEC output cut. HIGHLIGHT
The Dollar index bounced modestly to near one-month highs of 97.52 through the morning session in N.Y., coming from opening lows of 97.36. A weak durables report ultimately had little impact on the Greenback, though the USD lost some ground after the London close, where a speech from U.K. PM May, saying an article 50 […]
The Dollar and Yen have been weakening against most currencies as a risk-on sentiment continued to course through global markets. Wall Street rallied from lows during its PM session, while the The MSCI Asia-Pacific (ex-Japan) equity index rallied over 0.5% today in printing a fresh seven-month high. Oil prices have continued rise, with the WTI […]
The Dollar has traded with a softening bias so far today against most currencies, with the Yen being the notable exception. Both currencies saw their recently built-up safe-haven premiums erode as stock markets in Asia and Europe rallied quite strongly. The U.S. and China said they made progress in trade talks that concluded on Friday […]
OVERVIEW The US dollar is trading with a softer sentiment, down 0.15% against the G-10 currencies. GBP/USD is volatile and is trading near the session high as MPs prepare for new votes on new alternatives. Commodity currencies are trading higher, following strong NYMEX WTI. Oil is up 1% to trade near fresh 2019 high. HIGHLIGHT
The Dollar was mostly firmer on Monday in N.Y. trade, with gains coming on the heels of better manufacturing ISM and constructions spending. The Greenback wobbled a little early in the session, as U.S. retail sales were light of expectations. EUR-USD headed to three-week lows of 1.1205, down from early highs of 1.1247. USD-JPY peaked […]
The Dollar has regained an underlying bid concurrently with a sharp rise in Treasury yields over the last day and an ongoing risk-on sentiment in global markets. This drove EUR-USD to a four-week low of 1.1196. Cable is also softer, and took a knock after the UK’s Parliament disappointed by failing to pass any of […]
Both the Dollar and Yen have been trading softer today as both currencies see recently built up safe-haven premium erode, with stock markets in Asia rallying quite strongly today. The narrow trade-weighted USD index corrected about half of Friday’s gain, while EUR-USD settled toward 1.1250 after printing a three-week low on Friday at 1.1210. The […]
The Dollar has retained an underlying bid. EUR-USD declined for a fourth straight day, printing a three-week low at 1.1210. This puts a bit more space in from the seven-week peak that was seen last Wednesday at 1.1448, with the pair descending farther toward the the low point of the 1.1177-1.1570 range that’s been seen […]