Market News

Monday FX Market Review - Will USD Get Another Leg Higher

 
Updated 14 hours ago

Markets thinned by the Whit Sunday observance through much of Europe, but some fresh movement in the USD at the start of the week and once again - to the upside.   Fresh lows seen against the EUR, GBP and JPY driven by the current market theme rather than a fresh rise in US Treasury yields, which have remained pretty static since the mild pullback seen at the end of last week.  

A positive risk mood sends USD/JPY up into the mid 111.00's, and this looks largely based on the news that the US will put the China tariffs 'on hold' to offer some near term relief to equity markets.  On the flip side, there are suggestions that the US may ...

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Monday FX Market Rev...

Updated 14 hours ago

Markets thinned by the Whit Sunday observance through much of Europe, but some fresh movement in the USD at th....

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A bumpy ride for GBP...

Updated 4 days ago

A bumpy ride in GBP over the last 12 hours, all inside the established range of 1.3450-1.3665 in Cable after the UK pres....

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USD Trying To Push H...

Updated 5 days ago

It is not hard to see what is driving the USD higher in the current climate, as a re-coupling with rates has changed the....

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Strong US Retail Fig...

Updated 6 days ago

A strong USD move ahead of the US retail sales figures this afternoon, but one which we noted was more on leveraged buyi....

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GBP Unemployment Dat...

Updated 6 days ago

A mixed bag of UK jobs data this morning, but led by the unemployment rate which is unchanged at a healthy 4.2%. The str....

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USD Edges Back A Lit...

Updated 1 week ago

At the end of last week we saw the USD giving back some of its gains as the recovery started to run out of steam by midw....

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ECB President Draghi...

Updated 1 week ago

Nothing from ECB president Draghi on monetary policy, which we somewhat suspected given the governing council's stan....

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USD CPI Gives Contro...

Updated 1 week ago

A marked reaction to the US CPI number as we miss on expectations in the core rate. The is responding to Treasuries h....

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BoE Interest Rate De...

Updated 1 week ago

The BoE has kept rates unchanged as the pricing for this meeting had suggested. We were close to 95% for a 25bp hike ....

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BoE Preview...

Updated 1 week ago

We would not want to be in the shoes of the MPC right now, as today's announcement will be followed up by a press co....

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NZD Gets Hit Hard...

Updated 1 week ago

t was a torrid time for the NZD last night, getting hit hard as the RBNZ noted that the next move in OCR was equally bal....

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USD Data Comments Po...

Updated 1 week ago

A small USD blip off the back of the US PPI releases which saw the yoy rate ease off from 3.0% to 2.6%, more than the 2.....

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Sterling Under Press...

Updated 1 week ago

Sterling is coming under pressure this morning off the back of the housing data, where the Halifax Price Index recorded ....

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Post NFP Results...

Updated 2 weeks ago

A miss on expectations in the US non farm payrolls gain in Apr, but as we noted in our preview, only a material miss - b....

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GBP takes a knock on...

Updated 2 weeks ago

GBP takes a knock on the UK services PMI miss this morning, with forecasters looking for a pull back from the 51.7 print....

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Post FOMC Round Up...

Updated 2 weeks ago

We noted some expectations of a slightly hawkish tilt to the FOMC statement today, with most if not all participants exp....

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UK construction beat...

Updated 2 weeks ago

After Tuesday's miss on UK manufacturing PMIs, the construction component beats expectations to not only r....

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No EUR/USD reaction ...

Updated 2 weeks ago

No EUR/USD reaction to the Q2 GDP data which shows a quarterly rise of 0.4% in its preliminary reading.  At the ....

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German ZEW Economic ...

Updated 3 months ago

EUR/USD received a push further to the upside this morning following a Japanese predominate fundamental day also providi....

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US ISM data comes in...

Updated 2 weeks ago

US ISM data comes in weaker than expected, with priced paid higher which in the face of it suggests inflation is picking....

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Negative Retail Sale...

Updated 4 months ago

The final day of the trading week kick starts on a strong note with the UK Retail Sales at 9:30am GMT looking to possibl....

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Week of Negative CAD...

Updated 3 months ago

The Loonie has been on a bullish rampage recently and it's not looking to slow anytime soon as we approach the ever-....

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UK Manufacturing PMI...

Updated 2 weeks ago

GBP takes a very modest hit off the back of the UK manufacturing PMI miss, which comes in at 53.9 which is still expansi....

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Housing Permits Fail...

Updated 4 months ago

Following a relatively volatile past few days for U.S Dollar denominated currency pairs, investors are now looking at wh....

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