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 […]
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 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 […]
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. […]
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
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 […]
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.