Oct

26

Daily Market Insight

Euro Falls Following ECB QE Taper Plan

Currency markets were mostly quiet overnight, but have come to life in early trading following the decision by the European Central bank to taper their quantitative easing program.

Oct

25

Daily Market Insight

Sterling Rallies on GDP; Aussie Down on Inflation

The U.S. dollar held familiar ranges against most of its majors overnight, save the British pound and Australian dollar. The EUR/USD cross is in wait-and-see mode ahead of the European Central Bank’s decision tomorrow.

Oct

24

Daily Market Insight

Greenback Remains Elevated; Kiwi Falls 1.0%

The U.S. dollar edged out small gains overnight, the third day of such gains. The Bloomberg Dollar Index remains at a 3-month high as developments abroad have dictated trading.

Oct

23

Daily Market Insight

Dollar Index New Three Month High

The U.S. dollar pushed slightly higher overnight, building on last week’s gains. The Bloomberg Dollar Spot Index is now near its strongest level in three months.

Oct

20

Daily Market Insight

Tax Reform Inches Closer; Dollar Gains

The U.S. dollar benefited following developments in Washington DC that helped buoy optimism about tax reform. Indeed, that last sentence is not a typo. Last night, the Senate adopted the 2018 budget and House GOP leaders have agreed to accept.

Oct

19

Daily Market Insight

Sterling, Kiwi Drop; Euro Rises

The U.S. is slightly weaker against most of its counterparts, while rallying against the New Zealand dollar and British pound.

Oct

17

Daily Market Insight

Few Headlines and Troubles Elsewhere Steady the U.S. Dollar

The U.S. firmed up yesterday afternoon and overnight pushing the Bloomberg Dollar Spot Index to its highest level in a week. The greenback’s bump is being attributed to news that President Trump may favor Stanford University economist John Taylor as the next Fed Chairman.

Oct

16

Daily Market Insight

Equity Markets Up; U.S. Dollar Rather Quiet

The U.S. Dollar is trading in familiar ranges following a short week where the main topic was inflation. Consumer Price Index figures for the U.S. on Friday failed to deliver and officials as well as traders are wondering if indeed price growth will remain subdued longer than the Fed estimates.

Oct

13

Daily Market Insight

U.S. Dollar Sinks as CPI Pace of Growth Slower than Predicted

The U.S. Dollar is worsening this morning after the release of underwhelming inflationary growth data that failed to meet expectations. The hit to the currency was of about half a percent immediately and is not subsiding yet.

Oct

11

Daily Market Insight

Dollar Remains on Defensive Before Fed Minutes

After falling over the past two days, the U.S. dollar remains on the defensive this morning. The U.S. dollar saw its recent peak on Friday as a poor non-farm payrolls report showed stellar wage growth.

Oct

10

Daily Market Insight

U.S. Dollar Weak to Start the Week

The U.S. Dollar worsened as good data out of the Euro-zone and the United Kingdom propelled European currencies while tensions over tax reform downplayed the buck’s performance the week prior.

Oct

06

Daily Market Insight

U.S. Dollar Thrives in Midst of Contraction in Non-Farm Payrolls

The U.S. dollar made some minor strides overnight but opens this morning’s trading session in familiar ranges. Overall, the greenback has had a strong week as political events abroad have weakened a number of its major counterparts.

Oct

04

Daily Market Insight

European PMIs Impress; Dollar Falls Slightly

The U.S. dollar came under pressure across the board overnight, retracing much of its gains from the week prior. The U.S. dollar did not see much action yesterday as an empty economic docket led traders to look to developments abroad to move currency markets.

Oct

03

Daily Market Insight

Dollar's Rally Takes a Breather

The U.S. dollar continued its momentum from yesterday and rallied overnight, but those gains were quickly given up. The greenback also briefly jumped to a 6-week high against the Euro.