The US dollar is pulling back from the 2018 highs, with dollar pairs enjoying a relief rally. Both the euro and the pound were hit by Brexit uncertainty yesterday, with the euro coming in for intensive selling on concerns over Italy. The EUR/USD made fresh 12 month lows, falling below… Continue reading
This morning, the ebbs and flows of Brexit confidence continue to weigh on the pound following the resignation of Jo Johnson from the cabinet over concerns about the government’s plans. Sterling has gapped lower across the board. The GBP/JPY slumped heavily on Friday with further selling this morning bringing the… Continue reading
US stock markets recovered from the previous day’s plunge, but currencies are telling another story. Traders are still clamouring for the safety of the US dollar and Japanese yen. The dollar index continues to climb, butting pressure on dollar pairs. The AUD/USD is being singled out for punishment, slipping below… Continue reading
This morning, markets are steadying after last night’s late rout on US financial that saw the tech heavy Nasdaq make its biggest fall since 2011. The yen pairs are stabilising after heavy selling yesterday as traders sought out the yen’s safety yesterday. The USD/JPY fall back to support at 112.00… Continue reading
The British pound remains the poorest performer on talk of a delay to the Brexit transition period. The GBP/USD is off by o.79% on the week to date. Meanwhile, the GBP/JPY is breaking support around 146.00, while the EUR/GBP is pulling back after stretching higher to 0.8850 yesterday. The AUD/USD… Continue reading
The US dollar is weaker this morning after another solid showing yesterday amid confirmation that the Fed is not for turning. The GBP/USD is slightly higher, but the damage from yesterday’s selling remains. UK retail sales fell more than expected, forcing the GBP/USD below 1.3050, while the EUR/GBP has risen… Continue reading
The US dollar is holding on to yesterday’s gains as markets continued to bet on higher rate levels for the US dollar. Yesterday’s Federal reserve meeting keep up the rate hike momentum, with the FOMC apparently prepared to defy Trump. The EUR/USD reversed heavily yesterday and is slipping below 1.1500… Continue reading
The British pound is holding up relatively well, after average earnings came in above estimates yesterday. The EUR/GBP closed Monday’s opening gap higher yesterday, though finished off the lows around 0.8750. There is follow on selling this morning, with Brexit fears dampening economic optimism. Like other dollar pairs, the GBP/USD… Continue reading
Morning Report: 07.00 London The US dollar is recovering after core retail sales came in well below estimates yesterday. Dollar pairs are on the back foot, but so far yesterday’s gains are holding. The AUD/USD is on the back foot, while the NZD/USD out-performs. The EUR/USD and GBP/USD are both… Continue reading
Morning Report: 07.00 London The British pound is under pressure as the weekend’s Brexit talks reached a stalemate, potentially scuppering the prospect of an orderly transition. The GBP/JPY has dropped below its monthly long trading range. The GBP/USD happed lower, with 1.3100 holding as support for now. The EUR/GBP jumped… Continue reading
