Expert analysis of daily forex market movements, currency strength, and trading insights.
The big story today was the Aussie and Kiwi taking a hit, despite some decent Chinese trade data. You'd have noticed the AUD/USD pair fell to near 0.7040, which was pretty wild considering the stronger-than-expected numbers. But it wasn't just the Aussie, the Kiwi was also down, and according to ForexLive, both the NZD and AUD took a sharp hit last week due to risk-off flows and a flight into the dollar.
Read Full Report →It's been a wild ride, and we're only just getting started. The US Dollar's been on the rise, and it didn't show any signs of slowing down today. If you were watching the USD/CAD pair, you'd have noticed it trading in a pretty narrow range, which was pretty wild considering the Canadian Dollar usually gets a boost from higher crude oil prices. But with oil prices taking a hit, the CAD just couldn't capitalize on a softer US Dollar. And let's be real, the US Dollar's been looking pretty strong lately, especially against the Euro - the EUR/USD pair's been hovering around 0.8660.
Read Full Report →It's been a pretty quiet day for the New Zealand Dollar, which didn't move much against its major counterparts. If you were watching NZD/JPY, you'd have noticed it closed at 93.3819, which is basically unchanged from yesterday. And honestly, it's not surprising given the lack of significant economic data out of New Zealand. But what was pretty wild is that NZD/USD managed to hold its ground, closing at 0.5827, despite the US labor market data coming in stronger than expected.
Read Full Report →The day's trading was pretty quiet, which was pretty wild considering all the news that's been coming out lately. If you were watching EUR/USD, you'd have noticed it barely budged, closing at 1.1635, which is almost exactly where it started the day. And honestly, it's not like there wasn't any news to trade on - the BoE Gov Bailey speech was supposed to be a big deal, but it didn't seem to have much of an impact on the markets.
Read Full Report →It's been a pretty quiet day in the markets, which was pretty wild considering we had the Fed Beige Book coming out. But you'd have noticed that the US Dollar didn't really budge, and that's because the Fed stayed dovish, which didn't surprise anyone. The Euro / US Dollar closed at 1.1616, which is basically unchanged from yesterday, and the Australian Dollar / US Dollar closed at 0.7150, also unchanged. If you were watching EUR/USD, you'd have seen it tick lower on Wednesday, but it was a pretty small move. And honestly, it's not like there was a lot of other news to drive the markets.
Read Full Report →The Eurozone's inflation numbers were out today, and they're a big deal - we've got headline inflation at 3.2% and core inflation at 2.5%, which was pretty wild. And if you were watching EUR/USD, you'd have noticed it held firm, trading around 1.1639 after touching a daily high near 1.1655. That's despite some conflicting headlines on US-Iran negotiations, which didn't seem to faze the pair too much. But what's really interesting is that energy's still driving inflation, while food inflation's also on the rise.
Read Full Report →It's been a wild Monday, with the US Dollar gaining strength across the board, and it's all about the escalating tensions in the Middle East. You'd have noticed EUR/USD came under selling pressure, which was pretty wild, considering the initial optimism surrounding a potential US-Iran peace deal. But that's all faded now, and the pair's back under pressure. According to FXStreet, the ECB's expected to hike at its June meeting, but that's not the focus right now - it's all about the Dollar. And honestly, it's surprising to see the Greenback holding up so well, given the data we've seen lately.
Read Full Report →The Canadian Dollar was looking pretty rough after those softer-than-expected GDP figures came out, but it managed to recover some ground against the US Dollar on Friday. Which was pretty wild, considering the US Dollar didn't exactly have a great day either. According to FXStreet, the USD/CAD pair reversed its intraday gains, and the Canadian Dollar was able to bounce back from its earlier weakness. And if you were watching the AUD/USD pair, you'd have noticed it was advancing towards the 0.7180 region, thanks to the US Dollar being under pressure.
Read Full Report →It's been a pretty quiet day in the markets, but if you were watching the British Pound, you'd have noticed it pared some of its earlier losses and edged up by 0.08% amid reports that the US and Iran reached a deal, pending confirmation from US President Donald Trump. Honestly, it was pretty surprising to see the Pound move like that, given the lack of other major news. And the Euro didn't do much of anything, just hovering around its current levels. But hey, that's just the way it goes sometimes.
Read Full Report →It's been a pretty quiet day in terms of major market movements, but that doesn't mean there wasn't any interesting action. The US Dollar is still holding its ground, with the USD/CHF closing at 0.7867, and the USD/JPY at 159.5090. If you were watching the EUR/USD, you'd have noticed it's been trading in a pretty tight range, which was pretty wild considering the ECB Press Conference was scheduled for later in the day. And honestly, it's not like we didn't have any economic data to chew on - the Economic Sentiment Index and ZEW Expectations for Switzerland were both released, but they didn't seem to have much of an impact on the markets.
Read Full Report →It's been a wild day, with the US and Iran exchanging fire near the Strait of Hormuz, and that's sent the dollar surging. If you were watching EUR/USD, you'd have noticed it lost ground during the North American session, which was pretty wild. And honestly, it's not surprising, given the rising tensions in the region. The Euro lost ground, but it's not like it was a huge move or anything - it's still trading around the same levels as yesterday. But still, it's a move, and it's all about the dollar strength right now.
Read Full Report →It's been a pretty interesting day, with the British Pound outperforming most majors. If you were watching GBP/JPY, you'd have noticed it traded with a positive bias, which was pretty wild considering the yen's been getting slammed lately. And honestly, it's not like there's been a ton of news out of the UK, but the pound's just been quietly grinding higher. But what's really driving this move is the improving market sentiment surrounding a potential US-Iran deal - FXStreet pointed out that this is a big factor in the pound's outperformance.
Read Full Report →It's been a pretty wild day for the Canadian Dollar, which didn't really get a boost from the stronger Retail Sales figures. And honestly, it's surprising, given that the numbers were better than expected. But you'd have noticed that the market's been focused on the bigger picture, like the US-Iran developments, and that's been weighing on the CAD. If you were watching the USD/CAD pair, you'd have seen it hovering around the same levels, which was pretty interesting. The USD/CAD closed at around 1.16, which is roughly where it's been for the past few days.
Read Full Report →It's been a wild day, with the Kansas Fed Manufacturing Index and Composite Index both coming in strong, which was pretty wild considering the market was expecting a slowdown. But what really caught my attention was Fed's Goolsbee comments on inflation - he's not a voter this year, but he's definitely leaning on the hawk side, and that's got people talking. If you were watching EUR/USD, you'd have noticed it didn't really react much to the Consumer Confidence data out of Europe, but that's because the focus is all on the US right now.
Read Full Report →It's been a wild ride today, and if you were watching the markets, you'd have noticed a pretty sharp shift in risk appetite. The news about US-Iran talks potentially ending the conflict sent shockwaves through the markets, and it wasn't just the usual suspects that were affected - we saw a broader risk-on move that weighed on the US dollar. And honestly, it was pretty wild to see the AUD/USD surge sharply higher after those headlines crossed, but it just goes to show how sensitive the markets are to any kind of positive news right now.
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