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 […]

Monthly Currency Trading News

Monthly Currency Trading News
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May Market Overview $Us Dollar:  May started with disappointing ISM Manufacturing and increased Unemployment Claims while Non-Manufacturing PMI improved. This followed with disappointing ADP Non-Farm and Non-Farm Employment Change. Unemployment Rate remained at 5% and Average Hourly Earnings m/m came unchanged. Crude oil Inventories came above expectations first week and well below the second week. Core […]

4 Currencies You Need to Keep a Close Eye on in 2016

4 Currencies You Need to Keep a Close Eye on in 2016
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Last year saw two key developments in the currency markets. First, the U.S. dollar has been advancing relentlessly against every major currency, with its biggest gains it has coming against commodity exporters’ currencies. Secondly, the Chinese yuan had a surprising devaluation over the summer that led to a short and sharp correction in global equities. […]

Yellen Adds to USD / Rate Rise Confusion

Yellen Adds to USD / Rate Rise Confusion
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Market Report A mixed week of data last week with US data giving us ammo for the bulls, stronger CPI, and for the bears, weaker GDP.  Yellen also over the weekend gave us bullish comments followed be bearish detail. Confused ? Don’t worry. SO is the Fed it would seem! Right. Let’s look to the […]

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 […]

Strong Payrolls, Strong USD

Strong Payrolls, Strong USD
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Forex Market News US Feb Non-Farm Payrolls Change +295K v +235Ke US Feb Unemployment Rate 5.5% v 5.6%e That explains it all!   Strong US data sent the USD higher across the board. The market certainly got what it was looking for, although the wages growth component was slightly disappointing. UST yields rallied, oil traded heavily […]

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 […]