November 1, 2017
Market Insight

Dollar Holds its Ground Before Things Heat up

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Traders are spoilt for choice for things to digest at the moment. We had the BoJ yesterday which came and went with a little more excitement than usual, downgrading inflation expectations, which put some into the UsdJpy. We also had a very strong US Consumer confidence print, but any movements in the dollar index were held […] Read More
October 26, 2017
Market Insight

US Dollar Loses Steam on Pending Announcements

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The Pound and Loonie took the spotlight overnight. UK GDP came in better than expected at 0.4% vs 0.3% expected, which shot the cable up 130 points. What seemed to be a small beat in the numbers, was a significant piece of the puzzle falling into place for a Nov BoE rate hike. We also had […] Read More
October 18, 2017
Market Insight

Dollar Drops as Fed Chair Contenders Jostle

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The dollar came off overnight as Fed Chair Janet Yellen’s chances of keeping her job moved higher in betting markets. Yellen, being more of a dove than her contenders, meant that the chances of 2018 rate hikes drop slightly. On the data front, US import prices came in a touch stronger helping the chances of […] Read More
October 6, 2017
Market Insight

Dollar Approaches Key Levels Ahead of NFP

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The dollar pushed to new highs overnight on fiscal and Fed hopes. Republicans move on tax reform. The House of Representatives passed the budget, which moves things down the production line to the Senate where the real fight begins. They will water down the motion to the point where they think they can get the vote through. […] Read More
September 22, 2017
Market Insight

USD Consolidates Fed Gains, Pound Pops on Signs of Softer Brexit

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We saw the Dollar consolidate overnight as the dust settled from the FOMC meeting. Even though the statement was fairly hawkish the market is treating it with caution as the Fed see’s 100 bps of rate rises next year, whereas the futures market is only pricing in 45. US employment claims came in slightly better […] Read More

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