February Market Overview

February Market Overview
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Monthly Currency Trading News $Us Dollar:  February started on a low note with disappointing ISM Manufacturing and Non-Manufacturing PMI and increased Unemployment Claims. This followed with improved ADP Non-Farm and disappointing Non-Farm Employment Change. Unemployment Rate reduced to 4.9% and Average hourly earnings m/m came above expectations. Second week brought Crude Oil Inventories and UoM […]

January Market Overview

January Market Overview
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Monthly Currency Trading News $Us Dollar: Dollar rallied at the end of 2015 following the rate rise mid December and FOMC expectations of continuing improvement in the economy. January 2016 started with increased Unemployment Claims and ISM manufacturing and non-manufacturing PMI below expectations. This followed with greatly improved ADP Non-Farm and Non-Farm Employment Change and […]

May Market Overview

May Market Overview
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Forex Trading News $Us Dollar: The month started with lower than expected trade balance and manufacturing PMI, improved Non-Farm Employment Change and unemployment rate remaining at 5.4%. The second week brought lower than expected retail sales and subdued prelim consumer confidence despite reduced unemployment claims. Building permits and core CPI came above expectations, home sales […]

Currency Wars

Currency Wars
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Forex Market News Currency Wars! What are they? Who’s fighting and what are they fighting about ? How does it affect us? ‘Currency Wars’ simply refers to the situation where a number of countries are effectively competing to devalue their currencies. They are doing this to ‘cheapen’ their currency in order to either export their […]

RBA Action Day

RBA Action Day
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Forex Market News As usual we had a relatively quiet start to the week after some late action last week following an improved US core CPI, which put the USD back on the front foot. EUR led the way breaking through strong recent support at 1.1260 opening the door for another test of January’s low […]