Donald Trump seemed to have the magic touch for the best part of the year, it seemed as though everything he said – regardless of how eccentric, was just what the people wanted to hear. For the first time we are starting to hear chatter of low confidence in Trump by his own camp, and […]
A very slow open to the FX market this week, New Zealand are on a bank holiday today and I am sure most of the Americans were more concerned about the Super Bowl last night than trading the week’s open.
This was as tough a week as I can remember in the financial markets, we had to endure the plethora of Central Bank meetings as well as an always eagerly awaited Non-Farm Payroll data release. We also had to navigate through the ever evolving circus that is US Politics, and the almost daily signing of […]
After a much weaker dollar this week, we started to see some attempt by the dollar to forge a comeback. We have some event risk in the form of the Non-Farm Payroll data out of the US today and I suspect that this data may have more effect on the market than the FOMC. I […]
Yesterday the market had more twists than a koeksister. The dollar started the day making some gains against all the major pairs, but these were later erased after the FOMC decision. The Fed was very similar to what we have heard previously, there was neither a hawkish tone nor was there any hint on the […]
The Fed announcement tonight. No change expected but the “language” is what FX traders will be listening to. Dean got out of the Kiwi for a small loss and sees opportunities in a few pairs. EURUSD, USDCAD, USDCHF and USDJPY.
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 […]
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.