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FxProUpdates

The record dollar run

We highlighted yesterday the fall in volatility that had been seen over the past week, but also mentioned that month end brings with it risk of more erratic trading. Some of that was evident yesterday in the wake of the latest price data from the US, which showed headline inflation falling into negative territory. Still, the dollar managed a decent recovery, especially against sterling and the euro, largely on the firmer than expected increase in core prices. Sterling itself failed to push ...

FxProTV

FxPro Currency Check 0730 27.02.2015

FxPro Currency Check 0730 27.02.2015

FxProTV

FxPro Currency Check 0730 26.02.2015

FxPro Currency Check 0730 26.02.2015

FxProTV

FxPro Interview with TipTV – Review of London Seminar & GBPUSD

FxProUpdates

Ray of (volatility) Light

With the dust having cleared from the Swiss franc move, the Greece situation having been resolved (at least for now) and twenty central banks having now eased policy so far this year, FX volatility has been falling in the past week, like a caped fallen Madonna from a Brits Award stage. The CB CVIX index (similar basis to equities VIX) is now back at levels prevailing around the middle of December last year. Still, there is a ray of light for some currencies. Sterling has been pushing ahead over ...

FxProTV

FxPro Currency Check 0730 25.02.2015

FxPro Currency Check 0730 25.02.2015

FxProUpdates

Being patient for volatility

In the wake of Fed Chair Yellen's testimony yesterday, the algo and machine readable news programs will be set to buy the dollar when the word "patient" is removed from the Fed statement. Yellen stated that the removal of this word, which replaced the phrase "considerable time" for keeping the current rate that existed up to the December Fed meeting. In sum, the impact was to weaken the dollar, push stocks higher and delay future dollar volatility and gains. Stocks were also modestly firmer as ...

FxProUpdates

New record for FTSE 100

There we have it after a previous attempt in October 2007 and numerous efforts in 2014, fifteen years since the all-time high was recorded by the FTSE 100, today has seen the index close at levels that it has never seen before. The FTSE 100 has been lagging its peers but now it has finally cracked the nut. The fact that the US’s Dow Jones achieved this feat as far back as Q1 of 2013 and Germany’s Dax shortly after in the same year, shows just how far behind the UK’s benchmark has been when ...

FxProUpdates

Waiting on Greece

Dollar yen moving higher this morning, as Greece waits for the Eurozone Finance Minister to offer their judgement on the reform proposals put to them overnight. This reflects on some generalised dollar strength being seen, which has also pushed the Aussie below the 0.7750 level. This is all happening ahead of Yellen's testimony later today, where markets are going to be very sensitive to any change in tone or further indication on the timing of the first rate hike from the Fed.