The USD was somewhat of a mixed bag yesterday with the New York session proving to be a bit of a dampener. We are still seeing some fallout from President Trumps travel ban that he placed on Friday, the FX market is very fickle and I it won’t be long before the dust settles. Media […]
Month: January 2017
I am still a little cautious ahead of the London session this morning, most pairs were higher against the dollar in the Asian Session – although Asia is impacted by holidays. Most of the forex pairs are giving those gains back first thing this morning, the immigration ban enforced by President Trump has not been […]
The first week of the Trump term has come and gone, and just like his campaign President Trump continues to polarize opinion – it seems as though you either laud him or loathe him, and that there is nothing in between.
After a couple of days of lagging, the dollar staged a modest fightback yesterday, just enough to keep the market ticking. Both the equity markets and the bonds continued its recent march but the momentum is definitely slowing.
Today I am going to start in a different direction, if it has gone unnoticed I want to draw your attention to the US Equity bourses – they are continuing to run, and run hard. Similar to what we saw post the US election results, we are seeing the “Trump effect” on the market. Perhaps […]
After such an uncertain day and broad dollar weakness, the forex market was eagerly waiting on what President Trump would be doing and what executive orders he would be signing – I look forward to the day that we can trade without wondering what Donald Trump is doing. The dollar did stage a broad recovery […]
I wouldn’t say that there was more action in the market yesterday compared to Friday, but we could definitely sense that the market is waiting for President Trump to tell us something – in fact at this point we would be happy to hear anything! It would seem that in his first days, President Trump […]
It has taken me a long time to pen the FX report this morning. In truth I am not entirely certain how to read the markets today. We cover a lot of technical detail in the video this morning, the majority of the technical indicators point towards some surging USD strength. But from a fundamental […]
Yesterday the markets felt as though we had a front seat at the Australian Open as FX price action went back and forth just like a tennis rally. Much of this was created by the EU and the internal struggle developing between President Draghi and the Germans – who seem to be overly concerned about […]
There was a distinct focus yesterday, for forex traders, on buying the USD – something that we were expecting after an interview where Donald Trump lamented the strong dollar put it under a little bit of pressure on Tuesday. It did attempt through the course of the day to strengthen but the catalyst for the […]