FX Daily

 

FX Daily
October 28, 2015 Posted by
Trading is a bit quiet this morning as most traders are holding pat until the FOMC decision later today.
Read More
0 Comments | Join the Discussion

FX Daily
October 27, 2015 Posted by
Currencies are trading a bit mixed this morning, as traders are waiting for the decision by the FOMC tomorrow.
Read More
0 Comments | Join the Discussion

FX Daily
October 26, 2015 Posted by
The USD has been pulled in both direction, but overall it has retraced lower after reaching a two and a half month high on Friday.
Read More
0 Comments | Join the Discussion

FX Daily
October 23, 2015 Posted by
The USD is on its longest winning streak in 10 months, having risen for the 7th straight day.  The USD is now at 1 month highs and looks poised to continue making gains as the nation’s economic picture continues to improve.
Read More
0 Comments | Join the Discussion

FX Daily
October 22, 2015 Posted by
The EUR is trading like a Tom Petty classic song this morning, “Free Fallin”, down by more than a percent 1.5% after the ECB policy decision to leave rates unchanged today was met with a statement that opened the door to additional quantitative easing in December.  The markets broadly expected no change to rates but recent comments from the ECB up to today had been more mixed as to whether or not the Central Bank would even consider expanding their quantitative easing program before year end.
Read More
0 Comments | Join the Discussion

FX Daily
October 20, 2015 Posted by
The Canadian dollar strengthened modestly, stocks are trading higher, and bonds have sold off following Justin Trudeau’s (Liberal Party) election victory. Markets are speculating that Trudeau’s campaign pledge to introduce infrastructure based deficit spending to jump start the economy will be effective.
Read More
0 Comments | Join the Discussion

FX Daily
October 19, 2015 Posted by
Canadians head to the polls today to decide a tight election contest.  Justin Trudeau (Liberal Party) is favored over decade long incumbent Steven Harper (Conservative). Trudeau’s platform contains plans for deficit financed infrastructure spending to offset the economic softness triggered by the collapse in oil prices.
Read More
0 Comments | Join the Discussion

FX Daily
October 16, 2015 Posted by
The dollar is stronger this morning after better than expected CPI data yesterday and encouraging jobs data.  Equity markets are bouncing back.......
Read More
0 Comments | Join the Discussion

FX Daily
October 14, 2015 Posted by
The USD is under broad pressure, trading lower against all of its G10 counterparts in the wake of another Fed Governor coming out yesterday against rate hikes this year. The USD got no help for the weaker than expected consumer spending.
Read More
0 Comments | Join the Discussion

FX Daily
October 13, 2015 Posted by
The US dollar is opening the morning mixed against G10 after risk sentiment soured somewhat overnight following the release of Chinese trade data for the month of September, which posted a 20% YoY drop.
Read More
0 Comments | Join the Discussion