Currencies Archive

USD is trading lower after NFP release indicated that 223k jobs were created compared to 225k expected. The disappointment was mostly due to prior month’s revision which was brought down to 254k from 280k indicating that the jobs sector did not grow as much as… Read more

Dollar demand continues and carries to Asia as the market focus shifts from Greece, to NFP. Non-farm payroll is expected to show 234k growth in June while the unemployment rate is expected to drop to 5.4%. This will be the 56th time in a row… Read more

Markets remain mixed and are watching developments in Greece. Yesterday, the IMF payment that was scheduled to be repaid, was missed. This makes Greece the first developed Country to default to the IMF. Still, the negotiations are expected to continue in the days ahead. Overnight,… Read more

As earlier written, today marks the beginning of a tumultuous week in global financial markets. At the open, an abyss was seen in most EUR crosses as well as equity indexes with DAX opening with a 5% GAP. European stocks plummeted the most in eight… Read more

Global stock markets dropped on Thursday and Friday morning as Greece and its creditors failed to reach an agreement, while EUR and USD traded within a very tight range.  Last minute talks between Brussels and Greece will take place on Saturday as the country has… Read more

easy-forex.com.au Renewed Grexit fears sustained any EUR recovery attempt at 1.1230 mark. Stock markets are also under pressure over the Greek Circus show. Major US indices closed lower overnight and were followed by general weakness in Asian equities since negotiations yesterday between Troika and Greece… Read more

The USD gained momentum after Federal Reserve governor Jerome Powell’s upbeat comments. He expected strong growth in Q2 with “greater basis for confidence” for inflation to return to 2%. Meanwhile, he also saw a 50% chance of a rate hike in September. He also projected… Read more

Optimism over an agreement between Greece and its Creditors gave financial markets a very strong boost overnight. The conclusion of the summit that was held yesterday was not conclusive, however some encouraging words were released from the participants of the negotiations. EUR, GBP, JPY, CHF… Read more

The USD was the weakest currency of the week after the market was disappointed by the overall FED message that came out of Ms. Yellen’s conference. She mentioned that although the first rate hike is indeed expected in September, that any further increase will be… Read more

US inflation data missed forecast with CPI coming at 0.4% vs 0.5% estimated. Unemployment claims and Philly Fed Manufacturing Index were both positive, Philly Fed printing highest index this year at 15.2 vs 8.1 estimated. The conviction of USD bulls are being tested with USD… Read more