The Dollar drifted lower from elevated levels in yesterdays trade despite comments from Goldman’s that US inflation levels remain “well anchored” and risks of disinflation have eased. The Fed’s Harker commented that they could begin trimming their balance sheet in September to unwind the bond purchasing program of QE. The Sterling gained as the BOE’s […] Read More
The dollar crept higher in yesterdays trade as the currencies continued to trade in relatively quiet ranges. House Speaker Ryan helped the dollar appreciation with positive comments on the tax reform plans but we had less positive comments from the Fed’s Evans and Rosengren who came across as much more cautious. Elsewhere in the market, […] Read More
The dollar gained last night after the Fed’s Dudley described unemployment and inflation levels as a “pretty good place to be” and predicts wage growth of 3% over the next year or two. This confirms Yellen’s tone last week raising rates and continuing on the planned trajectory by saying “halting tightening cycle now would […] Read More
Firstly, apologies for a lack of market update on Friday, we were moving offices in Sydney and let’s just say that things didn’t quiet go as smoothly as planned! However, we’re in now and for those clients who find themselves in the Sydney CBD, please feel free to drop in and meet the team. The […] Read More
It’s been a bit of a disjointed week for most of the major currencies, but yesterday we at last saw some decent moves and opportunities for traders. We’d seen a bit of dollar appreciation across the board in the first couple of sessions of the day but a very poor CPI and Retail Sales print […] Read More
Daily Tech Levels
2:47pm June 21, 2017
The Aussie has traded in a relatively tight range for the last few days and traders will be looking ...
3:05pm June 21, 2017
UsdJpy has dropped off recent highs today in line with lower stock markets, traders will continue to...
3:02pm June 21, 2017
Euro dropped lower last night in line with the general dollar sentiment but is still holding to rela...
2:57pm June 21, 2017
The Cable took a step down last night in line with the stronger dollar and Carney dovish comments. T...