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0.7935 -0.006 (-0.75%)
12:04:37 (GMT)
Bid 0.7933
Ask 0.7937
Open 0.8020
High 0.8024
Low 0.7929

November 21, 2014| FX Empire Analyst - Barry Norman

Currency Round Up – Global Data

Although US data continued on a strong note on Thursday the US dollar traded lower by 0.1%. Upbeat market sentiments which led to decline in demand for the low yielding currency capped sharp upside in the DX. The currency touched an intra-day high of 88.01 and closed at 87.67 on Thursday. US Core Consumer Price Index (CPI) grew to 0.2 percent in October as against a rise of 0.1 percent in September. Unemployment Claims slipped marginally to 291,000 for the...
November 14, 2014| FX Empire Analyst - Barry Norman

German GDP and Eurozone Inflation Keep Traders On Edge

Asian currencies are trading on a negative note with respect to the dollar. The US dollar index continued to dominate global currencies in yesterday's trade after the jobless claims came in close to expectations. Dollar index is currently trading at 88.00 adding 17 points this morning. The euro and the pound are trading at 1.2455 down 21 points and 1.5678 off by 32 points respectively. Important economic data are to be released from Germany and Europe in today’s session. GDP...
November 12, 2014| FX Empire Analyst - Barry Norman

Wednesday Morning’s Wake Up Call – AUD-JPY-NZD-EUR-GBP-USD

Looking closely at the recent flow to and from currencies and the US dollar traders can see that a similar cycle had played out during 1996-2000, when a firmer US Dollar and weaker Asian and EM growth made speculators shun hard assets like commodities and real estate and alternative currencies like gold. Currently, China along with host of other Asian and EM economies are weak and cannot shoulder another commodity reflation cycle. At the same time, a stronger US Dollars...
November 03, 2014| FX Empire Analyst - Barry Norman

Morgan Stanley Ups The Odds on ECB Action

All the markets are abuzz ahead of this week’s European Central Bank meeting. Just a week ago, the US Federal Reserve ended its 6 year bond buying program as the US economy improves. Just days later, to the surprise of global investors Bank of Japan Governor Kudora announced a massive new program to help jump start the Japanese economy. The Bank of Japan announced it will buy 80 trillion yen of government bonds each year, up from 60-70 trillion yen...
October 31, 2014| FX Empire Analyst - Barry Norman

The USD, the Euro, the Pound and the Yen Could Be Volatile In Today’s Session

The US dollar soared to trade at 86.30 gaining for a third session in Asia on Friday. The greenback is trading at 86.30 and is expected to continue to rally. The greenback reached a three-week high against its major counterparts as the U.S. economy expanded more than forecast in the third quarter to confirm the Federal Reserve’s decision Wednesday to end its bond-buying program. The upgraded assessment of the US economy helped send the dollar on its rally and continued to be supported...
October 27, 2014| FX Empire Analyst - Barry Norman

Currency Markets Active While Commodities Frozen

The Asian market is trading mixed as Hang Seng was down by 0.91% while Nikkei 225 was up by 0.37% and a CSI 300 was down by 0.87%. Chinese stocks retreated, tempering gains in Japan, Australia and South Korea, amid delays to a link between Hong Kong and Shanghai. U.S. equities climbed on Friday, with Wall Street derailing a four-week slide with its best week this year, as quarterly results from companies including Microsoft and Procter & Gamble inspired investor...
October 17, 2014| FX Empire Analyst - Barry Norman

Currency Markets Sleepy In The Early Morning

Asian currencies are trading on a mixed note with respect to the dollar. No major economic data  is to be released today. Housing data from the US markets in the US session and are expected to improve, and if they do could support the markets in the North American session. The US Dollar index had a subdued session yesterday as compared to the last few days and is currently trading at 84.93. Euro and Pound are trading at 1.2803 and 1.6086...
October 14, 2014| FX Empire Analyst - Barry Norman

Monday’s Currency Trading A Boring Affair

Wall Street closed in the negative territory on Monday. The weakness that emerged on US markets partly reflected lingering concerns about global economic growth and monetary policy divergence. European markets steadied Monday, but gains were tempered by skepticism about the European Central Bank's promise of further measures to bolster the region's sluggish economy. European traders are focused on German data that has been printing on the lackluster side over the past weeks. Today traders will get to see ZEW business...
September 30, 2014| FX Empire Analyst - Barry Norman

The Last Day Of The Month Offers A Variety Of Economic Data

The US dollar continues to be an outstanding performer trading at 85.69 after more supportive data releases in the US on Monday. In US economic data, personal income rose by 0.3 per cent in August while spending rose 0.5 per cent, just ahead of forecasts. The pending home sales index fell by 1 per cent in August, ahead of the expected 0.1 per cent decline. And the Dallas Federal Reserve manufacturing index rose from +7.1 points to +10.8 points in...
September 22, 2014| FX Empire Analyst - Barry Norman

Asian Currency Markets Active As The US Dollar Eases

Asian markets started the week off on an active note, but with very little economics data. The only event released on Monday morning was New Zealand’s consumer sentiment which came in a bit lower than last month. Asian stocks are trading on a negative note today on the back of lower earnings results from the largest private Japanese bank. European markets closed higher on Friday, as investors breathed a sigh of relief after voters in Scotland rejected independence and opted...
September 18, 2014| FX Empire Analyst - Barry Norman

Asian Markets Mixed As The Yen Hits Record After FOMC Press Conference

Wall Street saw some volatility following the release of the Federal Reserve's monetary policy announcement on Wednesday but managed to end the day modestly higher. Further, European markets rebounded Wednesday on expectations that the U.S. Federal Reserve may signal after a meeting later in the day that it will continue to keep interest rates low for a longer period. Asian shares were mixed on Thursday as slowing property prices in China offset relief over the U.S. Federal Reserve's accommodative policy...
September 16, 2014| FX Empire Analyst - Barry Norman

OECD Cuts Global Growth And Warns On The Eurozone

Asian stocks declined today, ahead of the start of a Federal Reserve policy meeting. Wall Street largely turned in a lackluster performance during trading on Monday, as traders looked ahead to the Federal Reserve's monetary policy announcement later this week. European markets closed slightly lower on Monday, with trade range-bound due to concerns over the upcoming U.S. Federal Reserve policy meeting and Scottish independence vote. The Federal Open Market Committee is expected to affirm the U.S. economy's positive performance on...
September 15, 2014| FX Empire Analyst - Barry Norman

Scottish Vote Could Spark Crisis In The UK

All the headlines are following the referendum vote for Scottish independence on coming on Thursday. The latest poll figures published Friday afternoon show the Yes and No’s tied in a dead heat. This has cause unbelievable problems and stress for the UK government. While the British government denies it is preparing contingency plans for the referendum outcome, signs of the concern attached to the vote grew over the weekend. Bank of England Governor Mark Carney said he will return early...
September 01, 2014| FX Empire Analyst - Barry Norman

Central Banks Dominate The Economics Calendar This Week

As we roll into a new month traders will be once again closely monitoring central bank action with the RBA, the ECB, the BoE, the BoJ and the Bank of Canada on the schedule this week. The stellar event with be Mr. Draghi and the ECB, but events unfolding in Russia might overshadow the central bank or force the hand of Mr. Draghi. This will be followed by a slew of Federal Reserve speakers leading up to the release of...
August 31, 2014| Cliff Wachtel

Global Stocks Weekly Fundamental Outlook: Top Market Drivers, Lessons, Questions

Weekly fundamental outlook for global stock indexes and most global asset markets. See here for our Global Stocks Weekly Technical Outlook.   Fundamental Picture: Lessons & Top Market Drivers For This Week   Everything that has real influence over global asset prices and rates these days falls into one of three categories: Economic data from the US, Europe, or China (ok, occasionally Japan or the UK). Speculation about changes in policy, and ultimately, benchmark interest rates, from one of their...
August 24, 2014| Cliff Wachtel

The Coming Week’s Top Market Movers, Lessons: EU’s Moment Of Truth Approaching?

Top market movers and lessons for the prior and coming week and beyond – special focus on existential decisions EU must soon face   Summary --Technical Outlook: European indexes diverge from those of US, Asia, reflecting Europe’s underperformance --Fundamental Outlook: They key drivers continue to dominate, Ukraine and weekly data playing secondary role as markets rally despite Ukraine and mixed data --Longer Term Fundamental Threats: EU existential threats demand existential decisions   The following is a partial summary of the...
August 24, 2014| Cliff Wachtel

The EU: The End Is Near? Existential Threats And Decisions Approach

As evidence of the EU’s failure and potential collapse mounts, the time for existential choices approaches, implications for the EUR     Summary Existential Threat #1: Unsustainable Debt Loads That Could Destroy The EU Require A Fully Empowered ECB Existential Threat #2: Undercapitalized Banks Present Systemic Risk To EU, Global Banking. This too requires a fully empowered central bank that can act fast with needed cash Implications: A US of Europe, but apparent lack of political will and popular support...
August 20, 2014| FX Empire Analyst - Barry Norman

The US Dollar Beats Up On The Pound & Euro

Wall Street turned in another strong performance during trading on Tuesday, extending the upward trend seen over the past several sessions. The continued strength on Markets came following the release of two closely watched reports on consumer price inflation and new residential construction. European markets ended positive on Tuesday amid easing concerns about Ukraine and hopes the Bank of England will hold off on a widely-anticipated rate hike due to lower U.K. inflation in July. This morning Asian markets are...
August 18, 2014| FX Empire Analyst - Barry Norman

UK & Eurozone Economic Recovery Diverging

Most currencies ended mixed against the US dollar after European and US sessions on Friday. The euro rose from lows near $1.3360 to around $1.3410, before ending US trade near $1.3395. This morning the euro eased by another 4 points to trade at $1.3398. The Australian dollar eased from highs near 0.9350 to trade at 0.9320 flat on Monday morning. And the Japanese yen rose from 102.70 yen per US dollar to 102.15, ending US trade near 102.34. The yen is...
August 15, 2014| FX Empire Analyst - Barry Norman

The US Dollar Maintains Its Strength

The US dollar index gained 3 points to trade at 81.66 this morning recovering some of Thursday’s decline on weak unemployment data. The dollar weakened broadly on Thursday, falling after three straight days of gains, on yet another piece of data suggesting a bumpy recovery for the U.S. economy. An increase in the weekly U.S. jobless claims came a day after an unexpectedly flat retail sales report, which reinforced expectations the Federal Reserve would be in no rush to raise...
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