FxProTV

FxPro Currency Check 0730 31.03.2015

FxPro Currency Check 0730 31.03.2015

Angus Campbell

Dollar recovers, but euro holds ground

The dollar is just about regaining the upper hand and certainly in the case of the Aussie, AUDUSD has retraced all the way back from above 0.7900 just a week ago to 0.7630 at the time of writing, not all that far off testing a near six year low. Downward pressure on the Aussie is coming from growing concerns about China and commodity prices that remain depressed. This hasn’t put off risk appetite in many Asian equities which continue to test and push to new seven year highs, but iron ore and ...

FxProTV

FxPro Currency Check 0730 30.03.2015

FxPro Currency Check 0730 30.03.2015

Angus Campbell

Greece continues to disappoint EU

A shortened week but despite it being Good Friday this week with most markets closed for a long holiday week end (apart from FX which remain open), the US nonfarm payroll figures are still due to be released. Ahead of then pressure continues to grow on Greece to submit a meaningful plan for economic reform in order for the EU and IMF to release more funds to help the government with up and coming payments. Today was meant to see Greece’s proposals agreed and funds from the extension to the ...

FxProTV

FxPro Currency Check 0730 27.03.2015

FxPro Currency Check 0730 27.03.2015

Simon Smith

Re-writing the dollar rules

Yesterday was a strong indicator of the changing dynamic in FX markets, in that we saw the dollar weaker even when stocks were on the back-foot and political tensions in the Middle East were escalating. We moved away from the “risk-on/risk-off” world seen in the wake of the global financial crisis and the dollar was weaker despite these twin forces that in the past would have propelled the dollar higher. Since then, we’ve seen the dollar recover, with the dollar index bouncing off trend line ...

FxProUpdates

FxPro Interview with TipTV – Seminar, EUR/GBP & USD/JPY

Simon Smith

More sustained dollar weakness

The dollar is on the defensive in the early part of the European session. This is most noticeable on USDJPY, which is now below the 118.50 level. The price action is not more indicative of a dollar correction after the volatility seen in the wake of the Fed decision, rather than a pause in the up-trend. This could well serve to increase FX volatility into the end of the month as longer-term players are forced to re-consider their positioning. Elsewhere, the dollar correction is also apparent ...

FxProTV

FxPro Currency Check 0730 26.03.2015

FxPro Currency Check 0730 26.03.2015

FxProTV

FxPro Currency Check 0730 25.03.2015

FxPro Currency Check 0730 25.03.2015

Simon Smith

Still deciding on the dollar

Yesterday was about the debate regarding the dollar; consolidation or correction. As always, it depends where you look, because at the moment it's a fairly mixed picture. Despite some goods efforts, EURUSD has not yet pushed about the 1.1043 high made on Wednesday last week. The dollar index has pushed below the low made last week, in part helped by the strength of the Swiss franc. On the other side, sterling struggled in the wake of the latest inflation data, which underlined that the UK is ...

Simon Smith

Sterling lower on weaker inflation data

Sterling initially recovered the initial losses seen on the back of weaker than expected inflation data, but is now down to the 1.49 level as some residual dollar strength comes through. This showed the headline rate falling to zero in YoY terms, with the core rate falling to 1.2%, from 1.4% in the previous month. The latter number is important because it has been rising over the previous two months, so this has now been unwound and undermines, to a degree, the notion that the inflation we are ...

FxProTV

FxPro Currency Check 0730 24.03.2015

FxPro Currency Check 0730 24.03.2015

Simon Smith

Gauging the dollar correction

The question for markets right now is whether the dollar is pausing for breath after last week’s volatility, or we are seeing the start of a dollar correction from the relentless uptrend seen over the past 8 months. The dollar index itself remains above the lows of last Wednesday (96.628), but if this is broken, then the dollar will be facing a more bearish near-term outlook as stops are triggered. For EURUSD, Wednesday’s high of 1.1043 is the initial upside resistance, with the single currency ...

Simon Smith

Shaking off Greece

When it comes to the single currency and Greece, the one thing to know is that trading Greece on the back of Greek developments is a frustrating road to ruin. Just as Greece hits the headlines once again regarding its ability to pay upcoming obligations, the single currency has continued its move higher, both against the dollar together with sterling and the yen. Merkel and Greek PM Tsipras meet later today to try and iron out a way ahead. At present, EURUSD is within the range seen last ...

FxProTV

FxPro Currency Check 0730 23.03.2015

FxPro Currency Check 0730 23.03.2015