Nov 04 2013 @ 06:39
MORNING BRIEF The previous week was a busy one for the currency market as we witnessed significant developments across all major pairs. The theme was an extended pro-Dollar rally across the board as the US currency gained a lot against its peers. The Euro dropped from 1.3820 to 1.3480 within one week which is the […]
Nov 01 2013 @ 07:44
MORNING BRIEF The Single European currency had a nightmare session yesterday as it recorded its biggest drop in 18 months. The sell-off rally was spurred by weaker inflation data from the European region as the inflation in the Euro-zone has dropped at 0.7% in October which is the lowest level in nearly four years. Adding […]
Oct 31 2013 @ 07:41
MORNING BRIEF Yesterday was another good day for the US Dollar as investors kept adding to their Dollar-long positions. The Federal Reserve’s statement that came along with the Rate Decision announcement was the trigger that led investors towards favoring the American currency as the tone that came out of the statement wasn’t nearly as pessimistic […]
Oct 30 2013 @ 07:41
MORNING BRIEF Dollar was on the forefront during yesterday’s session with the US currency gaining ground against the other majors across the board. Investors have been short towards Dollar for some time now and we think that some profit-taking led the currency higher ahead of the FOMC meeting later today. We don’t expect anything major […]
Oct 29 2013 @ 07:44
MORNING BRIEF It has been a quiet session yesterday with little movement across major currency pairs as a number of US economic reports showed mixed data. Industrial production growth accelerated to 0.6% from 0.4% while manufacturing production growth slowed from 0.5% to 0.1%. Pending home sales also dropped 5.6%, which was the largest decline in […]
Oct 28 2013 @ 07:48
MORNING BRIEF Last week was a joy ride for major currencies against the US Dollar as almost all high-beta currencies gained ground over the Greenback. Investors continued selling Dollars as the delayed Non-Farm Payrolls report showed increased weakness in the US economy and lowered market’s expectations for tapering within 2013 even more. The week ahead […]
Oct 25 2013 @ 06:57
MORNING BRIEF Major currencies remained mostly unchanged yesterday as economic data released were mixed and didn’t offer any clear direction. The German and European PMIs showed a slight decline in economic conditions however the Euro managed to hold on to previous gains and actually printed a new high at 1.3825. The European currency is showing […]
Oct 24 2013 @ 06:10
MORNING BRIEF All major currencies lost ground yesterday against the US Dollar after news coming from China regarding the health of the country’s big banks drove investors to look for safety. It was announced that banks wrote-off three times more bad loans in the first half of the year than expected and this caused a […]
Oct 22 2013 @ 06:42
MORNING BRIEF Today is an unusual Tuesday for currency traders as it is an ‘NFP-Tuesday’. That might sound weird to seasoned traders’ ears but due to the government shutdown in the US for the past weeks the Non Farm Payroll report for September is scheduled to be released today and it could be a significant […]
Oct 21 2013 @ 06:12
MORNING BRIEF This is going to be a very busy week for currency traders across the world as significant news announcements are expected from Europe and the US. But before that, let’s go over what happened in Friday when the Dollar remained pretty much unchanged against the other major currencies. The Euro and the Cable […]