EUR/USD - Euro to Dollar

Earlier in the Day: There were no material stats out of Asia through the session earlier today, leaving the markets with little to consider other than the fall in U.S equities on Thursday, which came despite better than expected weekly initial jobless claims and Philly FED manufacturing PMI figures for September. Wednesday’s Dollar rally, following … Continue reading Asian Equities See Red, with Private Sector PMIs and Central Bank Commentary to Drive the EUR and USD

September U.S. Dollar Index futures closed lower on Thursday as investors booked profits after hitting a two-week high the previous session. The price action suggests Wednesday’s rally, in reaction to hawkish Fed announcements, was short-covering and that prices may have to pull-back into support in order to attract the next wave of buying. To recap … Continue reading Dollar Retreats Despite Increased Odds of December Rate Hike

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