Deluge of US data unlikely to excite dollar, but risk tones might – Forex News Preview

Posted on May 27, 2020 at 9:29 am GMT

In America, there’s a flood of data coming up towards the end of the week. Durable goods orders and the weekly jobless claims are due at 12:30 GMT on Thursday, while Friday brings consumption and income numbers ahead of a speech by Fed chief Powell (15:00 GMT). For the dollar though, none of these is likely to have much of an impact. Instead, the reserve currency may be driven mainly by how risk sentiment evolves. Overall, it’s difficult to envision [..]

Nonfarm payrolls: Too early for the real carnage – Forex News Preview

Posted on April 2, 2020 at 8:52 am GMT

The all-important US employment report for March will see the light at 12:30 GMT on Friday, and investors will be anxious to find out exactly how many Americans lost their jobs at the onset of the virus crisis. Alas, since these data were collected in the first half of March, before many of the virus-related shutdowns, they probably won’t reflect much of the devastation in the labor market. As for the dollar, the picture still looks positive amid the market [..]

Dollar rides high ahead of Powell testimony and key data – Forex News Preview

Posted on February 10, 2020 at 4:19 pm GMT

It’s an action-packed week in the States, with Fed chief Jay Powell testifying before Congress on Tuesday (15:00 GMT) and Wednesday, before CPI inflation and retail sales numbers are released on Thursday and Friday respectively, both at 13:30 GMT. If Powell maintains a relatively sanguine tone, that might come as a ‘hawkish’ surprise for a market that’s pricing in one and a half rate cuts by year-end. Overall, the dollar could continue to reign as ‘king’ of the FX market, [..]

Fed to stay on hold, but adopt a more cautious tone? – Forex News Preview

Posted on January 28, 2020 at 4:44 pm GMT

The Federal Reserve is almost certain to keep interest rates unchanged when it wraps up its policy meeting on Wednesday at 19:00 GMT. If there is any change in tone from Chairman Powell and his colleagues, it might be towards a more cautious narrative, which could weigh on the dollar a little. That said, the currency’s overall outlook still seems positive, for a lack of alternatives. US GDP growth data for Q4 are also due out on Thursday, at 13:30 [..]


European Open Preview – US dollar index near highs as Fed week begins

Posted on December 17, 2018 at 8:14 am GMT

US dollar not far from highs as Fed poised to hike later in the week Risk sentiment under pressure from signs of global slowdown Volatile sterling in wait-and-see mode on possible Brexit holiday pause US dollar keeps most of its gains on robust retail sales The US dollar was helped by a buoyant November retail sales report on Friday, which were in contrast to weaker-than-expected data and business surveys out of Europe and China. A strong consumer should help the [..]


US Open Preview – Dollar weakens ahead of US retail sales; oil on the backfoot

Posted on July 16, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar was trading below the 6-month high of 112.79 today against the Japanese yen, but managed to add some gains to its daily performance (+0.02%) ahead of the release of the US retail sales later in the day. The dollar index, which gauges the greenback’s strength versus six major currencies, moved lower by 0.24%. Pound/dollar rebounded sharply from near the 1.3101 barrier on Friday and drove the price even further to 1.3265 (+0.24%) on Monday. Meanwhile, euro/dollar climbed [..]


Asian Session – Dollar falls against yen ahead of FOMC minutes; euro under pressure on political woes

Posted on February 22, 2017 at 8:34 am GMT

The dollar was weaker against the yen as markets await the FOMC minutes due later in the day for clues about the Fed’s views on interest rates. The euro remained under pressure by European political concerns. The yen was supported by comments from Bank of Japan Governor Haruhiko Kuroda who said that the chance of negative rates is low in the near future. Meanwhile, Japanese Finance Minister Taro Aso made similar remarks. The dollar slipped to an Asian session low [..]


Asian Session – Dollar strength weighs on yen

Posted on February 21, 2017 at 7:08 am GMT

The US dollar strengthened during the Asian session on Tuesday, helped by higher US Treasury yields. The yen weakened despite upbeat manufacturing PMI data out of Japan today. The aussie slid against the greenback to move off an early session high of 0.7690. The Reserve Bank of Australia published minutes of its latest policy meeting. The minutes had an optimistic outlook regarding the prospects of Australia’s economic growth. This view diminishes the scope for rate cuts in the near future. [..]


Asian Session – Dollar gains against yen after weak Japan trade data

Posted on February 20, 2017 at 6:38 am GMT

Trading was subdued in a quiet Asian session. The US dollar index was little changed but the US currency was slightly firmer, after a mixed performance last week. Disappointing trade data out of Japan weighed on the yen. Japan’s trade deficit was wider-than-expected in January. The 1.09 trillion-yen deficit was the first in five months and was more than the 629.3 billion expected. The dollar index traded at 100.94, while a weaker yen helped the dollar recoup earlier losses to [..]

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