Monthly Archives: May 2016

Re-pricing June Fed Meeting sends USD higher

 Risk appetite continues to fade from the markets as expectations for a US rate hike grow. Markets are exhibiting all the classic signs of a “taper tantrum”. The DXY climbed sharply to 95.28 from 94.68 on the back of the … Continue reading

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AUD and GBP Opportunities

  With many European markets closed for Whit Monday, it was a relatively quiet and subdued North American session for currencies. The unexpected drop in the Empire State manufacturing survey led to initial losses for the greenback but investors quickly … Continue reading

Posted in Fx Market

After Friday non-farm payrolls

You can kiss the chance of a June Federal Reserve rate hike goodbye after today’s non-farm payrolls report. The U.S. economy added the fewest jobs in 7 months, leaving the unemployment rate at 5%. Investors had been hoping for the … Continue reading

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Oil Down followed of Commodity Currencies.

The big story today for the foreign exchange market is the sharp decline in commodity currencies.  The Australian dollar led the move but the Canadian dollar was the main focus during the North American session.  Oil prices dropped over 2%, … Continue reading

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Forex Speculators continue reducing US Dollar positions, now short for 2nd week.

US Dollar net speculator positions fell last week to -$4.19 billion The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators continued … Continue reading

Posted in Fx Market