USD Trading Outlook Archive

The much anticipated FOMC meeting and Yellen’s press conference were disappointing for USD bulls. Yellen commented that the pace of jobs gain has improved but tightening would be gradual in line with upcoming data. The median projection is for two rate hikes this year. The… Read more

Markets are mixed today due to the release of monetary policy decisions in the U.S. and Europe, whilst concerns over Greece are not helping support confidence and risk taking. After 56 FED meetings where the interest rate has not risen (or 7,5 years), global investors… Read more

Increased market concern over a Greek exit did not help volatility over the Asian session today. USD remains steady as market participants await the most important FED meeting of the year so far, tomorrow at 18:00 GMT. AUDUSD struggled to hold on to its gains… Read more

Euro and stocks slide mildly as Greece again dominates headlines. This time talks collapsed after just 45 minutes since Greece rejected any additional reforms in pension funds and VAT increases. Additionally, Merkel also talked down the EUR as she mentioned that a weak currency helps… Read more

Euro rallied as ECB revised higher inflation forecast for 2015. This is the second consecutive 100+ pip move in 2 days, bringing the pair as high as 1.1284 (This was the biggest 2 day gain since 2009). EURGBP also rose for the 6th day in… Read more

AUD has hit new weekly highs peaking around 0.7800 in the Asian session after Australian GDP data releases exceeded expectations. GDP increased 0.9% in the first quarter against a lower forecasted level of 0.7%. Economic growth has increased to 2.3% year on year compared to… Read more

USDJPY hit a fresh 12 year high early this morning during the Asia session as the pair briefly broke 125 before profit taking and position adjustments softened the pair back to 124.80. This came on the back of better than expected US manufacturing data on… Read more

Title: RBA, ECB, BOE and NFP this week. Volatility expected. There are two main drivers in FX market at the moment: (1) monetary policy divergence – the contrast between US Fed’s expected rate hike and other central banks’ easing bias, in terms of cash rate… Read more

The focus yesterday and today is on China. China A50 index corrected 8% or 1200points, the biggest drop since January. While the latest move is bearish, it could be part of a healthy correction since China A50 has rallied over 100% past twelve months. Nikkei… Read more

A strong US equity rebound driven by optimism that a Greek deal will take place soon, and a retreat of the USD as a result of this, were the main news yesterday. The same tone is carried on today, as the market is waiting for… Read more