2018 Outlook: The DollarJan 19, 2018 - By Cindy Xu
Coming into 2017, investors had high hopes for the US Dollar. It was up 3.5% in 2016, with all the gains coming from a strong rally that began at the start of November and culminated in the Fed’s hike on December 15th. It was then flat for the rest of the year.
Dollar back on the front foot againJan 18, 2018 - By Nick Twidale
General consensus around the market is that we’re seeing the start of holiday season trading patterns as we now have most of the big fundamental economic releases out of the way for the month and indeed for the year. The main themes are pretty much set into this week and the Christmas holidays with the market still concerned with the progress of the US tax reform plan and the UK’s Brexit. We will start to see markets become more flow driven as we move through the week as the lack of new data and thinning liquidity starts to take its toll on normal market conditions.
Markets quiet while awaiting FOMC decisionDec 29, 2017 - By Nick Twidale
The markets experienced relatively low volatility last night as participants are awaiting the decision from the FOMC tomorrow morning to guide their trades into year-end. While there were some data releases last night, the highest impact data is still ahead of us into the back-end of the week.
Dollar recovers after NY terror attackDec 27, 2017 - By Nick Twidale
We had a couple of big events that moved the markets yesterday on what many had predicted to be a quiet start to the week. An attempted terrorist bomb attack in New York City during the commuter rush hour fortunately resulted in very low injuries and no fatalities but we did see some safe haven buying across the currencies.
Dollar hit after dovish fedDec 27, 2017 - By Nick Twidale
The much awaiting Fed meeting came and went this morning with the well anticipated 25 bps hike taking place. The dollar took a hit on the statement as the Fed came out slightly more dovish than some market participants were hoping with the dollar index down 70 points on the day.
Currencies remain range bound after central bank heavy dayDec 27, 2017 - By Cindy Xu
We’ve seen the currencies consolidate in recent ranges over the last few sessions as they have digested the impact of 4 central bank rate announcements and some significant tier 1 data releases. All the central banks have stuck pretty much to their scripts with no surprises coming