Aug

28

Daily Market Insight

Dollar Index Lowest in Two Years

The U.S. dollar remains under pressure after suffering heavy losses on Friday. Fed President Janet Yellen did little to stop the dollar’s fall as she chose to stick to defending the government’s regulatory response to the market crash of 2007/2008 instead of addressing inflation expectations.

Aug

25

Daily Market Insight

Jackson Hole Symposium to Dominate Trade

After two weeks of anticipation, the central bank symposium in Jackson Hole, WY, will get into full swing today. The greenback has settled into tight ranges over this past week as traders squared their bets before big speeches scheduled today.

Aug

24

Daily Market Insight

Dollar Stuck Ahead of Jackson Hole; Volume Low

Once again, the greenback stayed range-bound ahead of the Jackson Hole symposium and some first tier economic slated for later today and tomorrow.  Volume traded among G10 currencies has remained very low which is expected for late August.

Aug

23

Daily Market Insight

Dollar Drops v. Euro; MXN Falls on Trump Threats

Predictably, the U.S. dollar gave up yesterday’s gains against many of its counterparts and fell modestly overnight. The greenback has followed the trend of short bursts of loses or gains, only to reverse them during the next session.

Aug

22

Daily Market Insight

Choppy, August Trading Ahead of Jackson Hole

This week’s moves early in the week are reminiscent of last week’s trading.  The dollar is experiencing short, sharp movements before retracing those losses or gains during the following session.

Aug

21

Daily Market Insight

Dollar Flat; Busy Week Ahead

The U.S. traded in a quiet range overnight. The greenback experienced some volatility last week, but it was mostly short-term. Indeed, the Bloomberg Spot Dollar Index closed the week only 0.3% stronger than the week prior.

Aug

18

Daily Market Insight

Dollar Stuck in Ranges as Summer Trading Takes Hold

The U.S. dollar opened this morning in familiar ranges against most of its majors.  Despite a number of events that sparked short-term volatility, currency markets, in general, have held rather tight, summer-trading ranges this week.

Aug

17

Daily Market Insight

Dollar Recovers From Yesterday's Late Losses 

The U.S. dollar is in recovery mode this morning, regaining losses from yesterday afternoon. The dollar started to sell-off yesterday afternoon after President Trump tweeted that he was disbanding two separate business councils as many CEOs chose to resign in recent days.

Aug

16

Daily Market Insight

Dollar Holds Yesterday's Gains Ahead of Fed Minutes

The U.S. dollar was largely able to hold on to yesterday’s gains.  The greenback shot higher early yesterday after a report showed advanced retail sales doubled expectations.

Aug

15

Daily Market Insight

Dollar Rallies on Retail Sales

The U.S. dollar jumped to life overnight and gained against nearly all of its major counterparts on hawkish comments from the Fed and easing tensions with North Korea.