Market Review, March 24, 2016

March 24, 2017

Yesterday the USD steadied against the other major currencies, after the release of mixed economic data while focus was on the key House vote to repeal and replace Obamacare. Trump warned House Republican lawmakers that he will leave Obamacare in place and move on to tax reform if they do not get behind new healthcare legislation and […]

Market Review, March 23, 2017

March 23, 2017

Doubts about Trump’s economic policies are putting further downside pressure on the dollar that continued to slump against the other major currencies yesterday, while weaker than expected existing home sales also weighed on the sentiment. The pound dipped on the back of a terror incident in the UK outside Parliament – where five people, including […]

Market Review, March 22, 2017

March 22, 2017

Yesterday was a bearish day for the USD that slumped against the other major currencies, as the Federal Reserve’s dovish comments concerning rate hikes continued to weigh on sentiment. The greenback dived to a six-week low, despite better than expected economic data. The EUR and GBP surged yesterdaym after better than expected UK inflation data […]

Market Review, March 21, 2017

March 21, 2017

The dollar ended the trading day on a positive note, recovering from its early sssion losses to trade slightly higher against the other major currencies. The pound dropped, following news that Article 50 will be triggered next week. Having started the day strongly against the dollar, the currency lost its gainst during the afternoon after […]

Market Review, March 20, 2017

March 20, 2017

On Friday we saw the USD trade higher against the other major currencies following mostly upbeat economic data. This was after the dollar dropped strongly after “dovish” FOMC confounded bets of four hikes this year, keeping to its signal of a “gradual tightening” of three hikes. This dropped the USD index to test its psychological […]

Elementor #16670

On Friday we saw the USD trade higher against the other major currencies following mostly upbeat economic data. This was after the dollar dropped strongly after “dovish” FOMC confounded bets of four hikes this year, keeping to its signal of a “gradual tightening” of three hikes. This dropped the USD index to test its psychological […]

Market Review, March 15, 2017

March 15, 2017

TODAY IS GOING TO BE AN EVENTFUL DAY, WITH A BATCH OF ECONOMIC DATA FROM THE UK AND, MORE IMPORTANTLY FROM THE U.S. (CORE CPI, RETAIL SALES, FOMC STATEMENTS AND FED INTEREST DECISION) Yesterday the USD traded slightly lower against the other major currencies, as investors chose the stand-by approach ahead of today’s Fed rate […]

Market Review, March 14, 2017

March 14, 2017

The Scottish Government announced they will be holding a second referendum on independece from the United Kingdom – boosting the GBP. The pound was one of the biggest gainers against the USD yesterday, that traded lower against the other major currencies, as investors mulled over the outcome of the Fed’s two-day meeting, speculating about the […]

Market Review, March 13, 2017

March 13, 2017

EUR/USD closed last week at 1.0670, its highest settlement in five weeks, on headlines released late Friday indicating that the ECB´s Government Council discussed the possibility of raising rates before the end of their bond-buying program, during the meeting held last March 9th. The near term momentum indicators now look as though they have the […]

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 […]