USD Trading Outlook Archive

US dollar index increased by almost 1%, reaching a high of 97.45 from 96.52 with USD/JPY leading the way to a 7-year high at 123.31. US economic data was very upbeat yesterday with impressive core durable goods orders data (0.5% vs 0.3% in March),better-than expected… Read more

Last week and especially Friday, the USD staged an impressive comeback against most pairs, reminding everyone that the US is the only G7 economy that is close to a rate hike. While a June hike is extremely unlikely, traders now believe that this year should… Read more

Title: USD at a key inflection point, will multi month bull trend continue? The FX market has been range bound past 24 hours with most majors seeing two way action. Exceptions are the GBP, gaining over 100pips following strong retail sales printing 1.2% m/m, and… Read more

No surprises from FOMC minutes with suggestion that June hike is off the table. Current market pricing of US Fed interest rate hike is Jun 6%, Sep 40%, Oct 63%, Dec 94%. The question now is whether the USD bid this week is a correction… Read more

USD has recovered significant ground that was lost last 2 weeks. The EURUSD pair was hit by all sides, as initially the pair slid below 1.12 on comments from an ECB official that the ECB is ready to accelerate Bond Purchases for seasonal reasons. He… Read more

Mild USD strength has resumed in the FX markets, however demand for the greenback remains subdued. Yesterday we saw EURUSD under pressure on speculation that Greece will not be able to repay its Debt to the IMF in June. As a result the common currency… Read more

The FX market remains driven by the Fed’s rate hike expectations: last week’s data disappointed, pulling the US dollar down as traders’ expectations for a rate hike have also cooled down. The prospect of a possible June rate hike, might be finally put to rest… Read more

Despite the Bank holidays in Switzerland, France and Germany, the FX markets were anything but quiet yesterday. EURUSD managed to reach a 3 month high at 1.1442, just after the US released better than expected jobless claims but not so good Producer Price Index data…. Read more

Another Round of USD selling yesterday and this morning after a very disappointing US Retail Sales report. Headline retail sales rose 0.0% in April versus expectation of 0.3% Euro reached 1.1383 while GBPUSD continued its fierce upwards move to 1.5767 backed by very strong employment… Read more

Sterling continues to dominate the boards as the GBPUSD reached new monthly highs (1.5710) boosted by stronger than expected production data. Ever since the elections are over in the UK, GBP has been bullish, since the political uncertainty is over. BoE quarterly inflation report will… Read more