Global Financial Market News

Global Financial Market News
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Greenback weakness The US payroll figure last Friday really put a thorn in the FOMC’s side. Most of the Fed members have been very hawkish in recent weeks, culminating with Janet’s commentary that the data is good and we expect to raise rates twice this year. That is now unlikely to happen, not even one […]

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 […]

October Market Overview

October Market Overview
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Monthly Currency Trading News $Us Dollar: The month started with Non-Farm Employment Change well below expectations, increased Unemployment Claims with Unemployment Rate remaining at 5.1%. Disappointing ISM non-manufacturing PMI and Trade Balance followed. FOMC minutes indicated the belief that the US recovery is likely to remain insulated from the China slowdown keeping the central bank […]

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 […]

USD Catches its breath, for now

USD Catches its breath, for now
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Forex Market News Finally some retrace and pullback in the USD.  It all started yesterday with the failure of the RBNZ, disappointing the market with its  inaction or  significant change in outlook. This sent the NZD higher, effectively starting the USD pullback. Throughout the Asian session the EUR tested and took out the option barrier […]

Some safe haven flows

Some safe haven flows
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Forex Market News USD The Greenback is still the king at the moment. Emerging markets are at decade lows, Russia is stuffed, although there is minor bounces overnight due to oil and other energy prices. Oil The liquid gold has lost its sheen and has hit new lows overnight, trading under $64. There is speculation […]

Central Bank Divergence

Central Bank Divergence
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Forex Market News Central Banks Divergence The big news at the end of last week was the FOMC and BOJ. The two Central Banks that are on a diverging path of monetary policy that saw the USD/JPY spike 330 pips on Friday. Thursday’s FOMC saw the Greenback gain in strength, although it flat lined on […]

Risk off, for now, as the Christmas rally commences

Risk off, for now, as the Christmas rally commences
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Forex Market News Safe haven bid came off in the run to the end of the week, particularly in the Yen. The VIX dropped back as stocks rallied on positive US economic data and earnings results. Whilst this was a minor turnaround at the end of the week, volatility in most asset classes (stocks, bonds, […]

US Dollar Weakens, but Economy Robust – Forex Trading News – Oct 16th 2014

US Dollar Weakens, but Economy Robust – Forex Trading News – Oct 16th 2014
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Forex Market News Fun and games in last few sessions with safe haven flow still dominating. Stocks continued to get smashed (S&P500 well below August lows now, closing at 1862) as the US retail sales number came out much weaker, as did PPI. Even the Poms slipped with the dole queue numbers showing slight weakness, […]