Much focus on USD/JPY this week
Much of the day was spent in range bound trade, but the USD index was on the rise late in the day. AUD/USD looked to be on the back foot from early London trade, and having rejected .7600 in Asia, we...
View ArticleUSD index was on the rise late in the day
Much of the day was spent in range bound trade, but the USD index was on the rise late in the day. AUD/USD looked to be on the back foot from early London trade, and having rejected .7600 in Asia, we...
View ArticleCommodity currencies under pressure today
Ahead of the FOMC Wednesday, we would have expected a more sedate trading session, but there were plenty of movers, headlined but the overnight event risk from the BoJ meeting. The unchanged policy...
View ArticleFocus on the FOMC, but more volatility in GBP
A largely range bound session in FX, which was anticipated ahead of this evening’s FOMC delivery. Notable is the bid tone in the USD as the market anticipates marginal tempering to the rate dot plot...
View ArticleNotable gains for Cable and EUR/USD
Another day of USD selling as the aftermath of the FOMC last night continued to play through. Notable gains for Cable and EUR/USD, printing 1.1342 and 1.4500 highs high, with the GBP rate getting an...
View ArticleTragic events in Brussels overshadow markets, risk FX takes a dip
Today’s tragic events in Brussels cast a dark shadow over the market, with equities turning lower and impacting FX to a modest degree . The JPY bought up across the board, with the USD rate knocked...
View ArticleUSD/CAD found some initial support at 1.3000 through Europe
Overview Wednesday’s FX session played out as many expected it to, with Tuesday evening’s Yellen speech in NY setting the stage for further weakness in the USD. Early Europe proceeded with a stronger...
View ArticleEUR/USD move through 1.1400
Overview It was an extremely choppy month end session in FX today, though one where the USD was again targeted, but only losing out against certain pairings. USD/JPY had the added risk factor from...
View ArticleMixed session for USD, CAD and Oil
A mixed session for the USD, though one where we have seen the greenback eventually winning out. Aggressive Cable buying from sub 1.4200 levels turnaround a steady rise in the ($) index, led by the...
View ArticleJPY targets 110.00, stalls at the initial test, but pressure continues
All eyes were on the JPY pairs today, led by USD sales down towards the March lows, breaking below here and 110.50 to put in a test on 110.00 . We managed to hold some 25 ticks or so off this key area,...
View ArticleQuiet pre-FOMC session develops into another USD sell-off
What started out as a quiet pre FOMC (minutes) session soon developed into another USD sell off, generated by a stop chase on USD/JPY through 110.00. We pushed below here on Tuesday to print 109.92,...
View ArticleAll focus on JPY
All focus is on the JPY at the present time, and having enjoyed a period of relative stability inside 110-115.00, USD/JPY is now facing the prospect of 105.00 on the downside. 108.00 is the last big...
View ArticleMixed session, USD bears continue to push Dollar Index lower
An extremely mixed session through the day, with mixed signals as USD bears (doves) continue to push the index lower, though Thursday’s lows have yet to be tested. The JPY has been the focus of the...
View ArticleEUR/GBP has had less of an impact
Overview An extremely mixed session through the day, with mixed signals as USD bears (doves) continue to push the index lower, though Thursday’s lows have yet to be tested. The JPY has been the focus...
View ArticleNothing to spark off the latest USD sell off
Another day and another hit on the USD, as the post Yellen correction continues and shows little sign of relenting. That said, gains have been a little more staggered, with JPY gains stalling. Spot JPY...
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