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31 March 2017.  Daily Markets Updates

31 March 2017.  Daily Markets Updates

Good Morning All; we’ll see the 31 March 2017 Headlines-International. European central bank officials doused expectations policy makers were planning to withdraw monetary support, Fed officials shifted to a more hawkish tone, as the world’s biggest economy progresses toward goals for full employment and 2 percent inflation. Investors remained focused on Washington, where Republicans hinted they…

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30 March 2017.  Daily Markets Updates

30 March 2017.  Daily Markets Updates

Good Morning All; we’ll see the Headlines International.May’s opening Brexit bid to tie security to trade hits EU wall. U.K. Prime Minister Theresa May got a first taste of the high-wire act involved in European Union negotiations after her opening offer for a Brexit deal ran into immediate opposition from EU leaders who challenged her attempt to tie a free-trade deal to security cooperation.…

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29 March 2017.  Daily Markets Updates

29 March 2017.  Daily Markets Updates

Good Morning People, Britain heads into unknown as May gets ready to Trigger Brexit. The U.K. will start the clock on two years of negotiations to withdraw from the European Union on Wednesday, a divorce that will redefine the country’s relationship with its largest trading partner and bring to an end decades of deepening political integration on the continent. Fed’s powell says monetary policy…

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28 March 2017. Daily Markets Updates

28 March 2017. Daily Markets Updates

FX: AUD/USD remains steady in face of lower iron ore and dollar pullback. Currently at 0.7625 The Bloomberg Dollar Spot Index fell 0.4 percent, paring its gain since Nov. 8 to 1.4 percent. The measure is down 4.1 percent in 2017. USD/JPY reaches fresh 4-month low of 110.11; even though it’s retained more than half of its post-election gain. The euro gained 0.6 percent to $1.0866, a four-month…

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Focus On The Currencies The U.S. dollar fell to a 4 month low against the Japanese Yen today, extending a decline that has taken the greenback lower for 8 out of the last 9 trading days. 

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27 March 2017. Daily Market Updates

27 March 2017. Daily Market Updates

Market in Details

FX :

The Bloomberg Dollar Index lost 0.1 percent as it heads for a weekly slide of 0.7 percent. The measure Thursday eked out a gain to snap a six-day losing streak.

The British pound weakened 0.3 percent to $1.2479, while the euro added 0.1 percent to $1.0797.

The AUDUSD opened higher in Asia session amid broad USD weakness driven in response to Trump’s health-care bill defeat…

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Market Preview -  Mar 27 to Apr 2

Market Preview –  Mar 27 to Apr 2

The Week AheadEventful political environments around the globe are adding further intrigue to currency markets as we head towards the end of the first quarter of 2017. The AUD has opened the week just above 0.7600 USD and the NZD has held on to 0.7000 against the greenback. A relatively quiet economic data week awaits us with the more significant global data due to be released from late Thursday…

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US Fiscal Policy, UK Brexit Trigger Pose Big Risks for FX It was a tough week for the U.S. dollar.  A number of Federal Reserve officials were scheduled to speak but none of then said anything to help the greenback, which had been falling since the central bank raised interest rates last week.

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22 March 2017 Daily Market Updates

22 March 2017 Daily Market Updates

Headlines – International The U.S. Supreme Court curbed the president’s power to appoint someone to fill a top government post temporarily while the person is awaiting Senate confirmation to do the job permanently.Voting 6-2, the court ruled that under a 1998 law nominees can fill a position on an acting basis only if they were previously serving for 90 days as the top assistant to the post.The…

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21 March 2017. Daily Market Updates

21 March 2017. Daily Market Updates

Good Morning. Market in Details FX: Bloomberg’s dollar index fell 0.1 percent, headed for a fourth straight loss. EUR/USD climbed 0.1 percent to $1.0743 GBP/USD earlier touched $1.2436, the strongest level this month but  weakened 0.4 percent to $1.2348,reversing earlier gains on the day after Brexit announcement. USD/CAD is fresh high 1.3369 due to better data from Canada like whole sale trade…

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Forex 5 Things this Week

Forex 5 Things this Week

Compared to the last 2 weeks when there were a number of central bank rate decisions and other key events, this SHOULD be a quieter period for the foreign exchange market. The key word however is SHOULD because low volatility hinges on the U.K. delaying Brexit for another week.  There also can’t be any market moving comments from global policy makers, which of course is hard to predict.  Without…

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20 March 2017. Investment Weekly

20 March 2017. Investment Weekly

Headlines Global equities edged up this week, as the US Federal Reserve (Fed) maintained its gradual approach to US monetary policy normalisation and the outcome of the Dutch elections saw the populist and anti-European Union Party for Freedom lose out to the relatively moderate incumbent ruling party

At its March Federal Open Market Committee (FOMC) meeting, the Fed raised the target range of…

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20 March 2017. Daily Market Updates

20 March 2017. Daily Market Updates

Headlines – International Finance chiefs of the Group of 20 nations renewed their pledge to finalize an overhaul of global bank-capital rules. In the statement capping a two-day meeting in the German town of Baden-Baden, the G-20 urged the Basel Committee on Banking Supervision to finalize the Basel III reforms “without further significantly increasing overall capital requirements,” sticking to…

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Fx Sentiment Report (COT)

Fx Sentiment Report (COT)

Data in this report cover up to Tuesday March 14, ahead of the FOMC & were released Friday March 17. • The net short GBPposition has deteriorated for a sixth consecutive week and has pushed to a fresh record on the back of an acceleration in bearish sentiment. The G4 remain the largest held net shorts against the USD. This week’s changes in sentiment were also dominated by the G4, with a…

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GBP - On Brexit

GBP – On Brexit

Who would have thought that when the Federal Reserve raised interest rates by 25bp, the U.S. dollar would tank?But that was exactly what happened this past week as the greenback tumbled against all of the major currencies.  Investors began unwinding their long dollar positions ahead of the rate decision on the view that Fed Chair Janet Yellen would not be hawkish enough and they were right.  She…

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17 March 2017. Daily Market Updates

17 March 2017. Daily Market Updates

Post-Fed trades fade as U.S. stocks, bonds retreat.Trades sparked by the Federal Reserve’s dovish tone partially unwound Thursday, as U.S. stocks slumped after the best gain in two weeks and Treasury yields edged higher following an 11-point tumble. The dollar slipped.The S&P 500 Index’s post-Fed rally ran out of steam after the index climbed within 0.5 percent of an all-time high.The Fed raised…

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Focus Onn Sterling 'n UsDollar

Focus Onn Sterling ‘n UsDollar

Good Evening; The best performing currency today was sterling, which shot higher on the back of the Bank of England’s monetary policy announcement.  Although recent data has been weak and policymakers noted that there were few signs of growth slowdown and wages are softening, the talk in the central bank is not about easing but tightening.  According to the minutes, a number of policymakers…