Let's start with the Euro today and then, you might want to read about Italy’s possible innovation, which can be the next big thing in Europe and the world. Earlier this week, the Euro shocked the banks around the world, rising well above 1.20 mark, the level most of the investment banks considered it would take more than 5 years for the Euro ...
JPY Striding High Against USD JPY strengthened sharply last week due to an acute increase in geopolitical tensions between the US and North Korea, which fuelled a safe-haven bid in the Yen. Upside movement has been exacerbated by the extreme level of bearish positioning in JPY, which is vulnerable to further reduction. On the week, JPY rose ove...
Copper: Better China Data & Weak Dollar Keep Copper Supported The red metal surged to fresh five months highs this week as a number of factors fuelled demand for the commodity. The US Dollar weakened yet again this week as fresh issues with the Trump administration weighed yet again. Senior republicans declared that they would vote “no” to...
The US Dollar Index failed to stabilize last week, even after central bankers have sent a clear message to the market that the easy monetary policies are coming to an end. Such remarks were supposed to push currencies higher. The US Dollar Index failed to stabilize above 96.30’s support area and dropped all the way to 95.60’s. However, at the b...
FOMC Meeting Minutes – What you should know The US Federal Reserve released the meeting minutes from the May 2nd – 3rd monetary policy meeting where interest rates were left unchanged Fed officials were rather mixed but the overwhelming consensus was that a rate hike was needed The US central bank is also building up expectations th...
Since the beginning of the week, the US Dollar index has been declining gradually, after last week’s upside retracement. Even though the entire economic releases from the US came in with a notable weakness this week, the US Dollar managed to retrace once again. Yesterday, Jobless Claims increased by 10K, while Philly Fed Manufacturing showed i...
Following the speculative rally by the equity markets and the U.S. dollar following the election victory of Donald Trump, nearly four months later, the markets have nothing to go by from President Trump. Last week, the U.S. dollar fell below the psychological round number level of 100.00 as investors pared bets on the so-called "Trump Trade," w...
The US dollar seems to be caught between a dovish President Trump and the hawkish central bank. After trading weaker for the most part of January, the US dollar was seen rising steadily since early February despite some setbacks on allegations of currency manipulation by the US administration on some of its key trading partners. This week, it w...
The US Dollar fell sharply yesterday after the US President-elect; Donald Trump flagged the strength of the greenback. In an interview with Wall Street Journal, Trump said that the dollar was "too strong" and that the recent attempts from China to support the yuan were aimed at allaying fears that the authorities were deliberately weakening the ...
Expectations of a US Fed funds rate hike in September hit a roadblock this week after the ISM non-manufacturing PMI disappointed. After the August payrolls report came out softer than expected, whatever little hopes of optimism that remained was washed out after the US services activity hit a six-year low. The US dollar fell to a 7-day low on T...
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