Nov 18 2013 @ 12:24
Euro and Pound edge higher against the Dollar, what to expect from the major currencies this week MORNING BRIEF Major currency pairs gained against the Dollar at the end of last week with Euro and Pound reaching 1.3500 and 1.6100 respectively. The key factor behind this decline in Dollar was Janet Yellen’s Confirmation Speech in […]
Nov 15 2013 @ 07:35
Dollar drops mildly against Euro and Pound as Yellen’s speech confirms no early QE, markets show little reaction MORNING BRIEF Janet Yellen’s confirmation speech in front of the Senate’s Banking committee was the key event of the day yesterday but nothing we didn’t expect came out of it. The first woman ever to lead the […]
Nov 14 2013 @ 07:35
Dollar drops after Janet Yellen’s confirmation speech remarks get leaked, investors now focus on the actual hearing today MORNING BRIEF Dollar fell against almost all of its counterparts yesterday as investors got their hands on what Janet Yellen prepared for her confirmation hearing with the US Senate tonight. The current Vice Chairwoman of the Fed […]
Nov 13 2013 @ 07:52
MORNING BRIEF We’ve seen a mixed performance among the majors yesterday with the Euro gaining over the US Dollar while the Pound fell against the US currency. The Single European coin was lifted by data coming in early in the morning when the German CPI printed at par with expectations and the European currency reached […]
Nov 12 2013 @ 07:50
MORNING BRIEF It has been a rather quiet trading session yesterday with major currencies hovering around their previous levels as the US money markets were closed for Veterans Day. The Euro retraced a bit higher closing the day around 1.3400 while the Pound failed to hold 1.6000 and is now trading around 1.5960. With no […]
Nov 11 2013 @ 07:33
MORNING BRIEF The US Dollar finished the week higher against almost all of the other majors, particularly rising versus the Euro and the Yen. The American currency was lifted by speculation about the US economy and whether tapering within 2013 or early in 2014 would be justified. The Non-Farm Payrolls report released on Friday was […]
Nov 08 2013 @ 07:42
MORNING BRIEF Market participants were caught by surprise yesterday by ECB’s decision to lower interest rates to 0.25% in an effort to spur consumer spending in the Euro-zone. Almost nobody was prepared for this event and this is obvious from the way the Euro reacted to the announcement. The Single currency fell off a cliff […]
Nov 07 2013 @ 07:52
MORNING BRIEF The US Dollar traded lower yesterday against almost all of the majors as investors are preparing for the 2 significant days of this week: today and tomorrow. Today we have 2 major events to tackle: the ECB Rate Decision and the release of the US Q3 GDP figures. As we’ve said many times […]
Nov 06 2013 @ 07:34
MORNING BRIEF We’re right in the middle of the week and ahead of us lie two important events: the ECB Rate Decision tomorrow and the NFP release on Friday. Investors are adjusting their positions ahead of these events with Dollar losing ground for a second day against most majors. The Greenback held its own against […]
Nov 05 2013 @ 07:53
MORNING BRIEF Yesterday was a quiet start for the week ahead of us as currency markets remained overall unchanged. The US Dollar retraced a bit lower against the Euro and the Pound on better than expected second tier data releases. Growth in Germany came out a bit stronger than previously eyed and this drove the […]