Forex News

The Daily Fix - 28/08/2015

Posted on: 28 August 2015, by: Pepperstone Support, category: Market Review

Bullish momentum into the September window continues to build. Yesterday’s durables number and todays GDP revision show that that the US economy just might be in a position to handle a rate hike after-all, even if the global economy ex-US seems to be slowing.  ... Continue reading...

The Daily Fix - 27/08/2015

Posted on: 27 August 2015, by: Pepperstone Support, category: Market Review

The greenback outperformed as a strong bid in equities and fixed income took hold. The September rate hike debate saw some push and pull with a strong Durable Goods number and a slightly dovish speech by Fed member Dudley. ... Continue reading...

The Daily Fix - 26/08/2015

Posted on: 26 August 2015, by: Pepperstone Support, category: Market Review

It seems like the emperor has no clothes based on the NY equity close. Despite the actions taken by the PBOC overnight and the resulting strong positive reversal in equities, we are no better off from where we closed yesterday. ... Continue reading...

The Daily Fix - 25/08/2015

Posted on: 25 August 2015, by: Pepperstone Support, category: Market Review

There were spill-over fears from the rout in Chinese equities as US traders got to their desks this morning to be sure, but the widespread “red” in Asia/Europe kicking off a crash in the US wasn’t something anyone expected. The Dow dropped 1,000 points at the open, the S&P dropped 5 percent, and the Nasdaq lost nearly 10 percent at its worst levels before all indexes sharply reversed into the London close. ... Continue reading...

Opening Bell - 24/08/2015

Posted on: 24 August 2015, by: Chris Hewitt, category: Market Review

Markets are reeling across the board from a sudden change of course mid last week – with an ambiguous FOMC minutes release the likely culprit for the change in direction. Sentiment towards a September interest rate increase was reaching fever pitch this month, however the market’s reading of the FOMC tea-leaves suggested that concerns over the strong US dollar, weakening Yuan and collapsing commodity prices could all conspire towards the FOMC holding steady at this upcoming meeting ... Continue reading...

The Daily Fix - 21-08-2015

Posted on: 21 August 2015, by: Pepperstone Support, category: Market Review

Has the Fed sunk equities and the USD on the back of the recent FOMC minutes? It sure seems to be the case at the moment with the dollar and global equities on the receiving end of a sharp position adjustment. All G-10 pairs were noticeably higher against the dollar in NY trade and safe haven assets (JPY/CHF and XAU) have found themselves another day of solid demand. ... Continue reading...

The Daily Fix - 20/08/2015

Posted on: 20 August 2015, by: Pepperstone Support, category: Market Review

Bloomberg took responsibility for leaking the FOMC 20 minutes early today,  which caused a bit of a stir to say the least. The main point of contention was that first bit of text to hit the wires was fairly hawkish citing that ‘Most Fed Officials Saw Conditions for a Rate Hike near’. ... Continue reading...

The Daily Fix - 19/08/2015

Posted on: 19 August 2015, by: Pepperstone Support, category: Market Review

The BoE’s  “we’re not there yet” excuse on raising rates is beginning to wear a little thin with the overall market, especially in light of this CPI beat. The spillover from the positive move in CPI had knock on effects in gilts and the FTSE, but the biggest reaction was spot cable.  ... Continue reading...

Special Feature: The Yuan in Focus

Posted on: 17 August 2015, by: Chris Hewitt, category: Market Review

After a period of relative calm in the Yuan’s value against the US dollar lasting for most of 2015, the sudden and rapid move lower in China’s currency has caught more than a few off guard. On Tuesday last week, the Peoples Bank of China announced a change to their daily fixing methodology of ‘central parity’ allowing for the market to play a larger role in the value of the tightly controlled currency. ... Continue reading...

Opening Bell - 17th August 2015

Posted on: 17 August 2015, by: Chris Hewitt, category: Market Review

After a period of relative calm in the Yuan’s value against the US dollar lasting for most of 2015, the sudden and rapid move lower in China’s currency has caught more than a few off guard. On Tuesday last week, the Peoples Bank of China announced a change to their daily fixing methodology of ‘central parity’ allowing for the market to play a larger role in the value of the tightly controlled currency. ... Continue reading...

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