EUR/USD News

Dollar Continues to be Under Focus The star over the last couple of days has been the dollar ever since the FOMC announcement and it is natural that the dollar hogs the limelight following the hawkishness from the Fed. Though the Fed did not hike rates, they kept the door well and truly open for … Continue reading Market Snapshot – Focus on the Dollar and the Euro

Earlier in the Day: The FED delivered on Wednesday, with the final rate hike of the year still retained in the economic projections and $10bn per month sell down of the balance sheet kicking off next month. We saw the Dollar make a strong recovery on the news, the FED seemingly unwavering in its intent … Continue reading The BoJ Holds with All Eyes on Draghi and the EUR

The markets are little changed overnight as they await the outcome of the 2-day Federal Reserve meeting that ends today. Many will be focusing on the Fed’s description of inflation in their policy statement as the US is confronted with tepid inflation well below the Fed’s target of 2%. A change in economic policy will … Continue reading Daily Markets Brief – All Eyes on Fed

Unlike the general elections in Spain, Austria, the Netherlands and, most recently, France, the lead-up to the German general election has been a more silent affair, which is perhaps surprising when considering the ramifications of a Populist Party victory in the Deutschland and the likely impact on the German economy and geopolitical stability within the … Continue reading The German Elections Can be Crucial for Europe’s Future

Wall Street is within record territory and equities will be influenced by the Federal Reserve. Whispers regarding a tax reform deal in Washington will get the attention of investors too. And the German election this coming Sunday is being largely anticipated. Fed’s Influence on Equities, Whispers Regarding a Tax Reform The Federal Reserve’s Monetary Policy … Continue reading The Fed and Geo-Politics Being Contemplated

Stocks in Choppy Trade The day has been marked by choppy trading with no specific direction in both the stock and the currency markets as the traders and investors await the FOMC tomorrow which is likely to set the tone for the short term. The market expects the Fed to be hawkish about the economy … Continue reading Market Snapshot – Markets in Consolidation Phase

European stock markets are mixed as a stronger than expected German ZEW reading failed to lift the Dax as investors turn cautious ahead of tomorrow’s Fed announcements and Sunday’s general election in Germany. At still over 12500 the index has made quite a recovery from the readings below 19000 at the end of August and … Continue reading Strong Investor Confidence Failed to Lift European Shares

On Monday, at a speech at the International Monetary Fund in Washington DC, Bank of England Governor Mark Carney stated that any increases in UK interest rates in the future will be both “gradual” and “limited”. He commented that “some withdrawal of monetary stimulus is likely to be appropriate over the coming months” to help … Continue reading Daily Markets Brief – Interest Rates in Focus, Trump Set to Speak to UN

Risk events abound as President Trump will speak today at the United Nations. German elections are being anticipated, which will be held on Sunday. The Federal Reserve releases its Monetary Policy tomorrow. Investors Anticipating U.N. Speech, Wall Street Inches Higher President Trump will address the General Assembly of the United Nations today. He is expected … Continue reading Trump’s U.N. Speech will Make Headlines, Focus Turns to the Fed

It’s going to be a busy week with key data releases coming from Australia, the U.S., and Canada. Joining me today is James Hyerczyk from FXEmpire to provide his analysis. Firstly James let’s start with Australia where the RBA meeting minutes will be released. Now if policymakers shift their tone into a more positive outlook, … Continue reading No Action From RBA & the US Fed Until 2018

Earlier in the Day: The AUD pulled back from intraday highs through the Asian session, following the release of the RBA minutes, which coincided with 2nd quarter house price figures, weighing on the AUD. The minutes were relatively upbeat on the labour market, corporate profits and trade terms, whilst continuing to highlight subdued inflation as … Continue reading RBA Minutes Peg Back the AUD, with the EUR and USD in Focus Today

Stock Markets Continue to Remain Strong The stock markets in Europe and Asia have been generally higher on the back of some strong improvement in the risk sentiment around the world. The threat from North Korea has subsided and even their occasional threats have been having lesser and lesser effect on the markets over the … Continue reading Market Snapshot – Markets Continue to be Buoyant

The euro was relatively strong against its major rivals today. The inflation data released during the current trading session, being rather positive, did not give the currency a reason to reverse its trend. The eurozone consumer inflation in August was finalized at 1.5%, up from 1.3% in July. It was the same as in the preliminary estimate and the median forecast. The euro continued to rise after the data, but the currency may yet be dragged … Continue reading Euro Firm During Monday’s Trading, Solid Inflation Data Helps Preserve Momentum

Earlier in the Day: There were no material stats released through the Asian session this morning as the markets continue to monitor whether there will be rising prospects of a military strike on North Korea following last Friday’s missile tests. It’s certainly clear that North Korea have little regard for world peace and the imposition … Continue reading Geo-Political Risk Eases, with Carney and the Pound in the Spotlight This Afternoon

On Friday, the US Commerce Department released Retail Sales showing a drop of 0.2% in August, the biggest decline in 6 months. The markets had expected a decline resulting from both Hurricanes Harvey and Irma. The Commerce Department commented that it could not isolate the impact of Hurricane Harvey on retail sales, it did receive indications … Continue reading Daily Markets Brief – Global Markets Shift to Risk On Mode, North Korea Tensions and the Fed Meeting in Focus

Inflation data will come from Europe this morning via the Core Consumer Price Index. Housing sector numbers will be released in the States. Investors are keeping their eyes on President Trump who will speak at the United Nations tomorrow. Asian equities have opened with gains this morning. Housing Market Index, Trump Speaking at UN Tuesday … Continue reading Investors Appear Ready to Add Risk Short Term, Gold and Yen Weaken

Friday’s U.S. trading session started with a knee-jerk reaction to the news that North Korea fired another missile and a terrorist attack in London. Following their script, investors shed risky assets early in the session, and move money into safe haven assets like U.S. Treasurys, gold and the Japanese Yen. North Korea launched another missile … Continue reading U.S. Retail Sales Unexpectedly Fell in August; S&P Cash Index Hits 2500

Earlier in the Day: It was going to be a pretty quiet end to the week for the Asian markets, with key stats out of Asia being limited to New Zealand’s Business PMI figures for August, which showed a pickup in the pace of manufacturing activity, easing some degree of concern over the New Zealand … Continue reading North Korea Fires Another across the Bow with the USD and U.S Retail Sales in Focus this Afternoon

European stock markets are mixed as Bund futures were on their way to pare early losses, but seem to have been knocked back by headlines citing ECB’s Jazbec as saying that a decision on tapering is “inevitable”. The EUR/USD edged lower pushing through the 1.19 handles while the SNB failed to drop the reference to … Continue reading Chinese Data Disappoints Weighing on Riskier Assets

The U.S Dollar became stronger late on Wednesday when Congress said it is working on a tax reform package. The Bank of England will release their Monetary Policy Summary today, and Core Consumer Price Index results will come from the States. Congress Talks Tax Plan, Inflation Data Proves Weak The Producer Price Index reading from … Continue reading U.S. Congress Causes a Reaction in Forex, BoE in Focus