FX Daily

 

FX Daily
September 03, 2015 Posted by
Global equities continue to recover off the recent lows as Chinese markets were closed and European stocks rallied after ECB President Draghi’s comments related to rates (no change) and adding to its QE program to promote growth in the Euroland region.  The USD is stronger across the board via positive headline news, the absence of China-related concerns, and tomorrow’s U.S. jobs report for August.
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FX Daily
September 02, 2015 Posted by
The global selloff in equities has let up today, with U.S. equities halting a two-day rout and China’s stock market now closed for the week.  In response of the turnaround, U.S. treasury yields are higher and the USD is also firmer across the board.
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FX Daily
September 01, 2015 Posted by
The new month begins with more volatility via global manufacturing reports, all pointing to lower output and a possible global slowdown.  O/n equities all traded lower starting in Asia following China posted their PMI report for August falling below the key 50.0 level (3yr low).  European stocks followed lower after posting their own weakening PMI report, followed by the U.S. opening quickly lower (nearly 2 percent) via lower manufacturing reports in the U.S.
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FX Daily
August 31, 2015 Posted by
The week opens with elevated opinions surrounding the Fed’s possible rate hike at their next meeting on 9/17.  Last week’s Jackson Hole symposium attended by the world’s leading central bankers added to the speculation surrounding the Fed’s next move.
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FX Daily
August 28, 2015 Posted by
The hectic week closes relatively quiet with the USD holding up vs. the majors via an economic report in the U.S. showing the consumer in July continues to be resilient/strong and corresponding incomes remain healthy, both adding to speculation the economy will remain strong despite China’s current slowdown.
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FX Daily
August 24, 2015 Posted by
The week opens with a new wave of selling in global markets as the rout in all but only the safest assets has deepened.  At the open this morning, U.S. stocks joined the selloffs in Europe and Asia, but later the S&P Index pared the worst of its losses by more than half as investors assess whether the current selling has gone too far, too fast.
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FX Daily
August 24, 2015 Posted by
The week opens with a new wave of selling in global markets as the rout in all but only the safest assets has deepened.  At the open this morning, U.S. stocks joined the selloffs in Europe and Asia, but later the S&P Index pared the worst of its losses by more than half as investors assess whether the current selling has gone too far, too fast.
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FX Daily
August 21, 2015 Posted by
It’s risk off in FX markets. The euro has remained the de facto haven currency as a risk-off theme continues in global financial markets.....
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FX Daily
August 20, 2015 Posted by
Kazakhstan is the latest country to relinquished control of its exchange rate in the latest sign emerging nations will stop defending their currencies after China roiled .....
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FX Daily
August 19, 2015 Posted by
The dollar is trading in the narrowest range in seven months as a lack of inflation pressure casts ...
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