bestworstcurrencies

Tomorrow we will examine the year as a whole in our 2017 review webinar, yesterday we looked at the big consensus calls for 2017 and how those early forecasts played out. Let’s now look at how this translated into price movement over the year, starting with which currency performed best and worst.   Best Performing Currency: Euro  ...

2018-01-17 James Harte Read more
RBNZ_Forex_0805

The week will see a continuation of the key economic indicators from across the world. The week starts off with the French election results in the main backdrop, and the baton will be passed on to Germany which will be holding elections next. On the economic front, China will be reporting the monthly inflation figures on Wednesday while it will...

2017-05-08 John Benjamin Read more
OPEC agrees to production cut

The month of April saw one the markets pass through some of the significant headwinds to political uncertainty. In the Eurozone, all eyes were on the French elections which saw the first round of voting qualifying the centrist candidate Emmanuel Macron and the far-right leaning candidate, Marine Le Pen. With the second round of voting due in a ...

2017-05-02 John Benjamin Read more
US Dollar Index

The US Dollar advanced further during at the beginning of the week but failed to hold on Thursday and Friday, despite the fact that most of the economic releases were positive. This fact strengthens the idea of the Federal Reserve rate hike in March. Yet, investors are still selling USD across the board. The Federal Reserve Chair Janet Yellen k...

2017-07-26 Nour Eldeen Al-Hammoury Read more

The US dollar saw another week of strong declines with the Fed leaving monetary policy unchanged and economic data from the US showing a weaker pace of growth in the first quarter, with the GDP rising 0.50%. Monthly economic data was also weak with durable goods orders showing a lesser than expected pace of growth. Only next to the US dollar was...

2016-04-30 John Benjamin Read more
rate RBNZ

The yen fell sharply this week and on Friday following news reports that the Bank of Japan was considering an ECB-style TLTRO option to introduce negative rates for bank lending. The news report from Bloomberg came out early Friday and the yen slipped sharply losing over 2.72% for the week. The reports come ahead of the BoJ's monetary policy mee...

2016-04-25 John Benjamin Read more
ECB

The Australian dollar emerged as the top performing currency last week. The AUD made strong gains led by better than expected unemployment data which saw the Australian unemployment rate fall to 5.70%, the lowest jobless rate since September of 2013. Besides the AUD being bolstered by the domestic data, China's economic data this week was also i...

2016-04-18 John Benjamin Read more
Bank of China_Chinese data

The Japanese yen was the strongest currency last week, rallying over 3.29% across the board. The gains in the yen came about as investors continued to shift bets to the safe haven asset. However, Gold prices did not see much of gains in similar terms. While the BoJ is put in a tight spot on the recent strengthening of the yen, officials fell sho...

2016-04-11 John Benjamin Read more
Australia_Orbex

The US Dollar turned out to be the weakest currency last week, thanks to the dovish comments by Fed Chair, Janet Yellen. Giving a speech at the Economic Club of New York, the Fed chair said that the central bank would take a cautious approach to rate hikes and more evidence was needed to gain confidence that inflation was rising. The comments se...

2016-04-04 John Benjamin Read more
US Jobs Report

The US Dollar posted a dramatic turnaround last week erasing the gains from the previous week. Closing the week ending 25th March as the strongest currency, the US dollar was supported mostly by various Fed members' speaking engagements who came out broadly in support of a rate hike. Economic data from the US was mixed this week as durable goods...

2016-03-28 John Benjamin Read more