OVERVIEW The Dollar Index turns negative after soft PCE reading GBP/USD buoyed by positive sentiment on the third vote on the Withdrawal deal NYMEX WTI is trading 2% higher, jumping above the $60 barrel.
After an early dip due to softer income and spending data, the Dollar rallied in N.Y. on Friday. Stronger housing and sentiment data later took the DXY to 97.28 highs from 97.01 lows. Yields firmed up with Wall Street, which posted moderate gains. EUR-USD topped at 1.1246, up from 1.1210 ahead of the open, later […]
The dollar has traded firmer against most currencies, driving EUR-USD to a fresh two-week low at 1.1234 while lifting USD-JPY from a four-session low at 110.02. USD-CAD lifted from sub 1.3400s levels towards yesterday’s peak at 1.3440. The dollar also posted fresh highs against most developing world currencies, paced by a 5% surge against the […]
OVERVIEW The Dollar Index remains firm despite new fears of a global recession GBP/USD trading in a tight range as a result of the ongoing Brexit saga NYMEX WTI is losing momentum, sliding below $60 barrel.
OVERVIEW The Dollar Index remains firm despite new fears of a global recession GBP/USD trading in a tight range as a result of the ongoing Brexit saga NYMEX WTI is losing momentum, sliding below $60 barrel. HIGHLIGHT
The Dollar was in rally mode in N.Y. on Thursday, despite the downwardly revised Q4 GDP report. The DXY rallied to nearly three-week highs of 97.30, coming from overnight lows of 96.93. EUR-USD fell to 1.1214, coming from near 1.1260 at the open. USD-JPY printed a one-week highs of 110.83 risk appetite remained supportive. USD-CAD […]
The dollar has traded softer so far today, albeit moderately so, while USD-JPY has been an exception in rising to an eight-day high at 110.92 amid a backdrop of rallying equity markets in Asia. AUD-JPY concurrently posted a thee-day high, while most other yen crosses were buoyant, although most remained off their highs from yesterday. […]
Most Dollar pairings have remained within Monday ranges so far, although the Australian and Canadian Dollars managed to eke out respective three- and two-session highs against the U.S. buck. This was seen amid a steadying in global stock markets, although sentiment remains fragile as investors continue to fathom the recent sharp dive in U.S. yields […]
The Dollar has put in a mixed performance so far today, posting fresh highs versus the Euro before ebbing back some, while losing ground to the Yen and Swiss Franc outperformers and gaining versus the underperforming Dollar bloc currencies. This came amid a backdrop of sputtering global stock markets. The phenomenon of the U.S. 3-month […]
OVERVIEW The Dollar Index remains steady as fear of yield curve inversion, and recession resurfaces GBP/USD trading within recent range as there are more indicative votes in the House of Commons NYMEX WTI stays above $60 barrel, supporting the Scandinavian currencies.
FX trade was relatively quiet in N.Y. on Wednesday, keeping the DXY inside of a 96.71 to 96.97. The Greenback did press a bit higher overall, helped some by a narrowed trade deficit. EUR-USD touched two-week lows of 1.1243 from highs near 1.1280. USD-JPY peaked at 110.55 as Wall Street pared early losses. USD-CAD settled […]
The dollar majors have largely remained steady, within yesterday’s ranges. Sterling has been unperturbed by the frantic pace of political developments in the UK, and continued impasses in the UK’s parliament over Brexit. Cable has settled around the 1.3180-1.3200 mark after recouping from a moderate dip to 1.3143 late yesterday, which was seen on news […]
Most Dollar pairings have remained within Monday ranges so far, although the Australian and Canadian Dollars managed to eke out respective three- and two-session highs against the U.S. buck. This was seen amid a steadying in global stock markets, although sentiment remains fragile as investors continue to fathom the recent sharp dive in U.S. yields […]
The main theme has been Yen weakness, which took hold during the European AM session. This floated USD-JPY to a two-session high at 100.42, putting in a little more distance form the six-week low that was seen yesterday at 109.70. AUD-JPY and EUR-JPY, among other Yen crosses, have also risen, with the Japanese currency seeing […]
OVERVIEW The Dollar Index makes a comeback, trading firmer against the G-10, near a seven-day high Pound sterling remains volatile as MPs take control over Brexit debate NYMEX WTI jumps to a two- day high, up 1.70% and eyes $60 barrel again
After rising some early in the session the Dollar was largely steady through the close. The DXY had opened near 96.45, later stabilizing between 96.62 and 96.74. Incoming U.S. data was on the soft side, with housing starts, consumer confidence and Philly Fed index all missing the mark. None of the releases had much impact […]
USD-JPY printed a six-week low at 109.70, ratcheting up a week-on-week decline of 1.3%. Sharp equity market losses across bourses in Asia have maintained demand for safe havens, including the Japanese currency. AUD-JPY also posted a six-week low, while EUR-JPY remain heavy, although has so far remained above the two-month low the cross saw late […]
EUR-USD is moderately higher on the day, with above-forecast German Ifo survey data and a rise in Bund yields providing the euro with some buoyancy. EUR-USD has posted an intraday high at 1.1324, which is above 30 pips up on Friday’s closing levels. This put in some distance from the two-week low that was seen […]
OVERVIEW The Dollar Index is in negative territory, down 0.15% as we move into the final week of Q1 EUR/USD trading higher on the back of a better IFO reading NYMEX WTI turns south, down 0.25% and Gold is attracting safe-haven flows.
The Dollar was rangebound in N.Y. on Monday, with the DXY inside a narrow 96.63 to 96.41 trading band. There was little in the way of data to drive the market, and following last week’s volatility, a period of consolidation may set in. EUR-USD was stuck inside of 1.1304 and 1.1331, while USD-JPY fell under […]
The Pound has traded firmer in the wake of the EU granting an extension in the Brexit process. A two-week delay has been stimulated for UK Prime Minister May to get her deal through Parliament or come up with another plan. If the PM’s deal is passed, then the UK would have until to May […]
The Dollar traded mixed, gaining sharply agains the Euro following underwhelming PMI data out of the Eurozone, while concurrently losing ground to the Pound, which traded firmer after the EU granted a delay in Brexit. The U.S. currency, meanwhile, also posted gains against the Dollar bloc currencies, which have come under pressure concomitantly with flagging […]
OVERVIEW The Dollar Index touches a seven-day high after the Eurozone stumbles on poor PMIs The stalling economy sent the euro in negative territory, down 0.6% against the USD NYMEX WTI steadies after catching new 2019 high near $60.40. HIGHLIGHT
The Dollar index largely maintained altitude through the N.Y. session, after spiking higher in Europe following weak EU PMIs, and negative Bund yields, which weighed heavily on EUR-USD. The DXY peaked at six-session highs of 96.81, before meandering between 96.54 and 96.78 through the N.Y. session. EUR-USD touched 1.1274 lows. USD-JPY slid to better than […]
The Dollar has tumbled after the Fed signalled there would be no further rate hikes this year and that it would halt the steady decline of its balance sheet in September. This drove U.S. yields lower, with the 10-year T-note retreating to levels below 2.53%, levels not seen since January 2018. The narrow trade-weighted USD […]
The Dollar managed to recoup some of the losses seen after the Fed reaffirmed its dovish turn yesterday. EUR-USD has corrected back under 1.1400, putting in some distance from yesterday’s post-Fed six-week high at 1.1448. With the Eurozone economy losing momentum amid acute Brexit uncertainty, and with the 10-year Bund yield declining by over 4 […]
OVERVIEW The Dollar Index made a comeback after the greenback crashed to multi-week lows against the G-10 currencies GBP/USD is down by 0.5% after Bank of England votes to keep its rate unchanged NYMEX WTI moves above the psychological price of $60 a barrel. HIGHLIGHT The MPC has decided to maintain its Bank Rate amidst […]
The Dollar shrugged off Wednesday’s dovish FOMC result in N.Y. on Thursday, as the DXY rallied to pre-Fed levels though the session. The resiliency of the dollar was impressive given the FOMC, though this could be a case of the USD being the cleanest dirty shirt in the hamper. The DXY bounced to above pre-FOMC […]