ECB’s Expected Easing Sends Euro Tumbling | 7/23/2014 6:33:00 AM
Expectations continue to grow higher that the European Central Bank is poised to provide additional accommodation which will further weaken the Euro; as a result, in preparation for that likelihood, the Euro fell broadly in Asian trading.
Safe Haven Currencies Remain Range Bound | 7/22/2014 6:25:00 AM
Risk aversion is waning slightly with the result that safe haven currencies traded within a narrow trading band during the Asian session.
FX Trade Calm After Volatile Week | 7/21/2014 6:06:00 AM
The start of the trading week began in Asia with calm following an escalation of tensions in the Middle East and the downing of a Malaysian passenger jet, a casualty of the Ukraine-Russian conflict.
Global Geopolitical Tensions Drive Safe Haven Demand | 7/18/2014 6:40:00 AM
The downing of a Malaysian passenger jet along the border of Russia and the Ukraine, as well as an escalation of geopolitical tensions in Israel and Gaza have sent investors rushing to the Japanese Yen, pushing the safe haven currency higher by 0.5% against the U.S. Dollar and to a 5-month peak versus the Euro.
German Data Sends Euro Lower | 7/17/2014 5:51:00 AM
The common currency held close to a 5-month trough versus the Japanese Yen and a multi-year low against the Pound Sterling after falling broadly on the back of disappointing economic data from Germany.
Yellen Committed to Dovish Bias, For Now | 7/16/2014 2:21:00 PM
With the eyes of the world’s investors focused squarely on Washington, D.C., Federal Reserve Chairman Janet Yellen reiterated that, for the time being, the central bank would maintain its current ultra loose monetary policy
FX Trade Anxious for Yellen Testimony | 7/15/2014 7:19:00 AM
The U.S. Dollar remains range-bound as FX traders wait to hear what Janet Yellen, the head of the Federal Reserve Bank, will have to say at her testimony before the U.S. Congress which will take place later today.
Aussie Trade Subdued Following RBA Comments | 7/14/2014 8:36:00 AM
FX traders remain wary of the Australian Dollar following RBA Governor Glenn Stevens’ recently published interview in which he states that investors seem to be underestimating the threat of a too strong Aussie Dollar that could,
Portuguese Banking Fears Drive Safe Haven Demand | 7/11/2014 7:10:00 AM
The possibility that the Portuguese banking system may be on the verge of a crisis which could have wide spread implications for the Eurozone banking system has sent FX investors flocking to the safe haven Japanese Yen which, as a result, is poised to close out the week higher.
Dollar Struggles after Fed Minutes | 7/10/2014 5:29:00 AM
Yesterday, the Federal Reserve Bank released the minutes from June’s policy meeting which offered some relief to investors who were anxious to determine whether the Fed would take on a hawkish bias or not.
NZD Major Mover in Tepid Trade | 7/9/2014 6:01:00 AM
In otherwise lackluster trading the New Zealand Dollar experienced only a slight loss of last week’s positive momentum after the country received an upgrade of its sovereign debt rating which had pushed the Kiwi to a 3-year high.
Wary Investors Push Dollar to Sidelines | 7/8/2014 6:27:00 AM
The U.S. Dollar’s recent rally in the wake of last week’s upbeat labor data has waned during Asian trade. Analysts say that with U.S. corporate earnings reports due out this week, investors have turned cautious and pushed U.S. Treasuries lower which then put pressure on the greenback.
USD Broadly Higher on Upbeat NFP | 7/7/2014 5:34:00 AM
Financial markets are still basking in the afterglow of the unexpectedly robust labor report from the U.S. Department of Labor which was released last Thursday, even after a foreshortened workweek as the result of the Independence Day holiday.
Asian Stocks Hit Three-year High on Upbeat U.S. Reports | 7/4/2014 6:29:00 AM
Asian shares rose to a three-year peak on Friday and the dollar held near its overnight highs after U.S. jobs data showed the lowest unemployment rate in six years and underscored the strength of the economic recovery.
Dollar Gains on Robust ADP Report | 7/3/2014 5:20:00 AM
The release of private sector labor data from U.S.-based ADP which showed that 281,000 new jobs were added in July helped to lift the U.S. Dollar and kept up the bullish momentum in the Asian trading session.