Tag Archives: forex

13 June: Nasdaq lower, underpins the safe-haven Yen. Cable heavy. US$ mixed ahead of tomorrow’s FOMC decision

  The dollar is mixed against the major counterparts on Tuesday, with Cable lower on the UK political uncertainty while the Yen is stronger, as some mild safe-haven demand appeared following the selloff in the NASDAQ which has continued at the start of the week. Elsewhere it has been mostly choppy, but without much direction, with the Euro… Read More »

9 June: US stocks, dollar flat/mixed after Comey testimony. Cable dives on election exit poll. China CPI ahead

  Markets have mostly been remarkably steady, if somewhat choppy given the events that have shaped the session.  The main focus has been on James Comey’s testimony to Congress, where he called the President a liar, but it has had little effect so far on US stocks which have remained within their recent range and are closing more… Read More »

7-Jun-17: Trend table outlook for FX, Commodities, Indices

The Yen looks to have further gains ahead of it, both against the US$ and the Euro, while the commodity bloc also look underpinned ahead of the release of today’s Australian Q1 GDP. The US$ generally looks rather weak across the board and this is feeding through to the metals, where Gold in particular looks increasingly healthy. —————————————————————————————————————————… Read More »

7 June: Forecast: FX: US$/Majors

  EURUSD: 1.1279 EurUsd has been choppy while the market waits on tomorrow’s ECB Meeting. The dollar has seen broad based weakness although the Euro is also somewhat weighed down by selling of the EurJpy cross. The end result is that the pair is pretty much unchanged from this time yesterday and another sideways session would not surprise… Read More »