U.S. dollar continues to drop, but for how much longer

The US Dollar continues to drop below support levels, and this has helped many risk assets continue rallies; but the big question is how long USD weakness might persist, and this will likely be driven by Fed rate hike expectations; which we will receive next week at the upcoming FOMC meeting. While markets are currently pricing-out rate hike expectations for 2016, the Fed has shown a persistent drive to try to kick rates higher, even in the face of numerous hurdles…

John Kerry: Dollar could cease to be the reserve currency of the world if…

If the United States walks away from the nuclear deal with Iran and demands that its allies comply with U.S. sanctions, a loss of confidence in U.S. leadership could threaten the dollar’s position as the world’s reserve currency, the top U.S. diplomat said on Tuesday. “If we turn around and nix the deal and then tell them, ‘You’re going to have to obey our rules and sanctions anyway,’ that is a recipe, very quickly…

Top 10 Weekly Forex Market Headlines – 05.15.2015

1. Global stocks ease after China rate cut, Grexit fears May 11, Global equity markets eased on Monday after a cut in Chinese interest rates initially kept shares near record highs, but a lack in progress in resolving Greece’s financial woes weighed on stocks and weakened the euro against the dollar. Gains by mining stocks […]

Top 10 Weekly Forex Market Headlines – 03.06.2015

1. Brent futures fall on Iran, supply concerns, and firmer dollar March 2, Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran’s sanctions and boost its oil exports brought worries about high supplies back to the market. Rising Libyan crude output and […]

Top 10 Weekly Forex Market Headlines – 1.30.2015

1. SNB sight deposits rise after Swiss franc cap exit January 26, The amount of cash commercial banks hold with the Swiss National Bank rose the most since at least March 2013 last week, indicating the central bank may have intervened to keep the franc down despite scrapping a cap against the euro. Switzerland’s central […]

As dollar gains, currency edged ETFs outperform, pick up inflows

(Reuters) – U.S. investors who believe the dollar’s 2014 surge will continue are pouring money into exchange-traded funds that invest in foreign markets but hedge the currency part of the bet. BlackRock Inc (BLK.N), WisdomTree Investments Inc (WETF.O) and Deutsche Bank AG (DBKGn.DE) are among the companies starting new currency-hedged funds this year…

Daily Forex Market Review 11/04/14 (+30 pips)

Today’s Trade Result: +30 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

Fed minutes reveal concerns over global slowdown, dollar strength

Federal Reserve officials have become more concerned that weak overseas growth and a strengthening U.S. dollar will crimp the domestic economy and hold down inflation, an outlook that has made them more inclined to stick to low interest rates. Several officials worried at a Sept. 16-17 policy meeting that disappointing growth in Europe…

Daily Forex Market Review 09/15/14 (+60 pips)

Today’s Trade Result: +60 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Top 10 Weekly Forex Market Headlines – 07.18.2014

1. U.S. economy still needs Fed’s ‘unusually accommodative’ monetary policy: Yellen July 14, The Federal Reserve will still need to deliver “unusually accommodative” monetary policy even once the U.S. economy returns to “where we want it to be,” Fed Chair Janet Yellen was quoted as saying in a magazine article… 2. UK inflation jumps to […]

Dollar firm after higher than expected U.S. inflation data, focus on Fed

(Reuters) – The dollar held firm on Wednesday after a surprisingly high reading for U.S. inflation raised expectations that Federal Reserve Chair Janet Yellen could strike a more hawkish tone on the monetary policy outlook. The risk of a faster U.S. policy tightening was high enough to…

Top 10 Weekly Forex Market Headlines – 06.13.2014

1. Japan’s economy grew an annualized 6.7% in Jan-Mar quarter June 9, Japan’s first quarter growth handily beat initial estimates on an unexpected surge in capital spending, fresh signs the world’s third-biggest economy is in better shape to weather a hit to consumption from a sales tax hike. Capital spending, long a weak link in […]

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