FX Daily

 

FX Daily
May 04, 2015 Posted by
The week starts quietly, as the major news for the week will be Friday’s U.S. non-farm payroll report for April.  The expected jobs number is currently +220K, which will offset the previous month’s +126K and Q1’s average of 197K.  April is expected to reflect the continuation of the recent firming consumer confidence reports which have been buoyed by lower gasoline prices.
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FX Daily
May 01, 2015 Posted by
Most of the major markets are out today and the UK is out on Monday, while Japan will be out for Golden Week. The euro headed for its best week since 2011 as signs...
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FX Daily
April 29, 2015 Posted by
The FOMC meeting will be the key focus of the day. Even though no policy action is expected and no press conference/projections to follow, the market will be looking for cues that the Fed may lean towards ....
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FX Daily
April 24, 2015 Posted by
The Nasdaq is trading firmly higher this morning after a posting a record close yesterday. The index is currently nearly 4 times higher than the March 2009 lows.
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FX Daily
April 22, 2015 Posted by
ECB executive board member Benoit Coeure told Greek reporters with Kathimerini newspaper that Greece’s departure from the euro was “out of the question.” Coeure also mentioned that introducing capital controls are not a “working assumption”.
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FX Daily
April 21, 2015 Posted by
The ECB is considering reining in emergency lending to Greek banks by adjusting the discount applied to securities posted as collateral. Formal discussions to this effect have not yet taken place with the Governing Council, but a move to adjust haircuts may occur if Greek leaders are unable to present a convincing plan for reform and debt repayment to the ECB in the near term.
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FX Daily
April 14, 2015 Posted by
The USD is weaker today against most of the majors after a lower-than-expected U.S. retail sales report earlier in the day.  The undertone for the market is one of a more passive Fed via their anticipated 2015 rate hikes (later in the year than previously expected).
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FX Daily
April 13, 2015 Posted by
The USD is stronger for a third day as further signs of a cooling in China’s economy highlighted the opposite trajectory of the world’s two largest economies.
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FX Daily
April 10, 2015 Posted by
The dollar strengthened to end the week, heading toward its biggest weekly advance since 2011.
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FX Daily
April 09, 2015 Posted by
Currencies in Europe are mostly lower today after the Fed minutes yesterday indicated that some FOMC members had suggested a potential June rate hike.
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