FOMC

The week ahead is relatively quiet on the economic front as the markets are likely to take a breather from the Trump rally. The lack of economic data shifts focus to the FOMC meeting minutes which stands out against a quiet week from the US and comes just ahead of Thursday’s Thanksgiving holiday. In Europe, IHS Markit's flash PMI's will be in fo...

2016-11-21 John Benjamin Read more
Bank UK

The markets enter a crucial week with both economic and political decisions weighing on traders. The US general election is now just one week away which will remain in the backdrop for the markets. The monetary policy meetings from the RBA, BoJ, FOMC and the Bank of England will likely set the stage for a December showdown. On the economic front...

2016-10-31 John Benjamin Read more
Debates

The US dollar will be taking a backseat for the most part of the week with the ECB and Bank of Canada monetary policy meetings on tap. In the US, the third and final presidential debate is due on October 20th with key issues such as economy being the focus for the markets. The week will also reveal how US consumer prices fared in the month of Se...

2016-10-17 John Benjamin Read more
Clinton_debate_1010

The currency markets will be looking to a slow start next week with Japan, US and Canada closed for business on Monday. However, the action kicked off early with the second US Presidential debate late Sunday (Eastern Standard Time). On the economic front, the FOMC meeting minutes and Fed Chair Janet Yellen’s speech on Friday will be the most ant...

2016-10-10 John Benjamin Read more
GBP

The Japanese yen was again at the front coming out as the top performing currency last week. Gaining over 1.37% against the US dollar, the yen rallied mostly on the dollar weakness after last week's ISM services report. Following the yen was the Swedish krone which managed to keep its gains after the monetary policy meeting from the Riksbank saw...

2016-09-12 John Benjamin Read more
ECB

The British pound closed the week as the top currency gaining 1.38% relative to the US dollar. The gains came on a surprise improvement in the UK's manufacturing PMI. Although construction PMI still showed a contraction, the better than expected improvement added to the optimism. Following the GBP, was the Kiwi dollar which also managed to post ...

2016-09-05 John Benjamin Read more
Yellen_FOMC_Fed

The Australian dollar was the weakest currency last week as the AUD gave up the gains logged earlier in the week after posting a weekly high to 0.7749. Following the AUD was the US dollar which continued to post steady declines for two straight weeks. With diminishing prospects of a rate hike for September the markets continues to bet against th...

2016-08-22 John Benjamin Read more
RBA

After closing the week before as the top performing currency, the US dollar fell against its peers turning out to be the weakest currency for the week ending July 29. The dollar turned weaker after the FOMC statement failed to convince investors on a September rate hike and the declines strengthened following the BoJ policy meeting and weak GDP ...

2016-08-01 John Benjamin Read more
Forex Afternoon

The British pound was the top performing currency last week with most of the gains coming after the BoE left interest rates unchanged against market expectations. The political developments in the UK also attributed to the GBP's gains over the week. The Canadian dollar was the next top performing currency, gaining 0.68% for the week as the Bank ...

2016-07-18 John Benjamin Read more