Greenback Surge The greenback strengthened today as the the country’s index of business conditions rose to its highest level since 2014. The likely catalyst for this is the Federal Reserve meeting which is slated to…
Market Commentary
GBP, Euro Struggle Amid Political Tensions
GBP, Euro Last week’s political tensions in Spain and Brexit issues in the U.K. adversely affected the performances of both the euro and pound as the greenback surged ahead of its competitors. GBP Comeback After…
London Session Recap – Forex Report October 5, 2017
London Session Currency Performances The London session today was intense and these are how the currencies performed. GBP The sterling performed poorly against its major competitors today. What caused this is still unknown but financial…
Greenback Strengthens, Sterling Weakens
The USD soared high today as the country’s treasury yields hit its highest level since July this year and due to expectations that the US Federal Reserve is considering increasing their interest rate for the…
US Dollar Trading Higher on Hawkish Outlook
US Dollar Strengthens The Greenback was pushed ahead today against its major counterparts after William Dudley, New York Fed Reserve President, hinted toward a rate hike in the USA before 2018. Euro The euro especially…
Fed’s “Great Unwinding” Lifts Dollar
The “Great Unwinding” The signs that the US Federal Reserve will hike interest rates for the second time this year and the process termed as the ‘Great Unwinding’ of the past decade sent the bonds…
Bouncing Forex Pairs; Best and Worst Performers
The Best and Worst The forex week has begun again and there is some exciting news about the best and worst performers coming out of the London and Asian sessions. GBP The British sterling turned out…
London Session Recap: GBP Skyrockets on Hawkish BOE Statement
GBP Strength The GBP skyrocketed late in the London session due to the BOE’s upbeat assessment and preview of the UK economy. The outlook points towards a possible hike if the UK economy continues the…
Greenback Comeback, What’s Next?
Greenback Comeback Despite the poor NFP report, the USD started out very strong last week, but the pressure of sales began to mount on the greenback on Tuesday after the news of Hurricane Irma broke,…
Euro Pushes Past ECB Concerns To Top $1.20
Euro Rally The single currency rallied to its highest level in 9 days as the European Central Bank (ECB) widely stuck to its outlook for growth and inflation while at the same time, expanding on recent concerns about the…
