Market Review, February 24, 2017

February 24, 2017

Yesterday the dollar sunk lower against the other major currencies as uncertainty surrounding the progress of US tax reform and public spending continues to mount and weaker than expected jobless claims data also weighed on the currency. The Fed minutes on Wednesday disappointed investors as they revealed a reluctance among some Fed memebers’ to support […]

Market Review, July 13, 2016

July 13, 2016

Yesterday’s most significant move in the market was that of the yen. USD/JPY surged completing a massive two-day rally, upon confirmation that former Federal Reserve chair Ben Bernanke met with Japan prime minister Shinzo Abe to discuss ways to help one pf the world’s top economies avoid deflation. The currency pair soared and settled at […]

Market Review, July 12, 2016

July 12, 2016

Yesterday the dollar trimmed gains but remained broadly supported against the major currencies as Friday’s strong U.S. employment data continued to boost optimism over the strenght of the economy. GBP/USD held steady, still close to last week’s fresh 31-year lows. The pound briefly rose above the 1.30 level against the dollar on Monday, boosted by prospects […]

Market Review, July 11, 2016

July 11, 2016

FRIDAY SUM-UP CURRENCIES Friday we had the U.S. jobs reports and initially we saw the dollar slip against most major currencies as investors were awaiting the reports to see if the labor market is stronger than previous surveys indicated. Investors’ risk sentiment also slipped with the safe-haven yen firmer after news that four police officers […]

Market Review, July 8, 2016

July 8, 2016

Yesterday we saw the dollar hold steady against other major currencies, after the release of upbeat U.S. employment data as investors turned their attention to today’s U.S. NFP. ADP Nonfarm employment change showed a rise of 127K, above forecast for an increase of 159K. Also the Initial Jobless Claims were below the 270K expected (onlt […]

Market Review, July 7, 2016

July 7, 2016

Yesterday during the first half of the trading day we saw the dollar hold steady near one week highs againt the other major currencies in a risk-off trade. After some downbeat U.S. trade data, the dollar started to slip. Market participants were also looking ahead to the minutes of the Federal Reserve’s most recent policy […]

Market Review, July 6, 2016

July 6, 2016

Dollar edged higher yesterday, as the risk-off sentiment following the Brexit vote still dominates. The Bank of England warned of challenging risks to financial stability following the Brexit vote and eased regulatory requirements on the banking secotor. BoE Governor Carney said the move of a Brexit represented a “major” change that would help the economy […]

Market Review, July 5, 2016

July 5, 2016

Yesterday the dollar was little changed against the other major currencies in subdued trade, as caution resumed after fears sparked by Britain’s vote to leave the European Union had slightly eased last week. Trading volumes were very thin, as expected with U.S. markets closed for Independece Day. GBP/USD edged up, though still close to the […]

Weekly Bulletin, July 4, 2016

July 4, 2016

The financial markets were hit hard by the outcome of the U.K.’s referendum on EU membership. Following the unprecedented U.K. vote, global financial markets have largely calmed during the second half of last week; the London Stock Exchange enjoyed a nice recovery (the FTSE 100 currently trading at 6,580). But the political turmoil in the UK […]

Market Review, July 7, 2016

On Friday we saw the dollar drop against the yen and gain ground against the euro, as ongoing uncertainty following the Brexit vote and disappointing Chinese manufacturing activity data fuelled safe-haven demand. GBP/USD was almost unchanged, remaining near 31-year lows, despite the release of upbeat U.K. manufacturing data as the Brexit and news of a […]