Yesterday the dollar in the foreign exchange market continued to gain. What was the occasion for that? It is hard to name a particular reason for that. First of all, other expectations that the US and China will agree finally and trading wars will be ended have caused such reaction. However, we will get some clarity unless as an outcome of the meeting of G20,...
Last week has been poor on the relevant macroeconomic statistics, or some significant events nevertheless it has handed a few surprises. First of all, these are sell-offs in the cryptocurrency market, as well as another oil’s fall on 10%+ (by the way (!) this is the seventh week in the row when the oil ended in the red). The essential event of the weekend was the...
Yesterday was a day off in the USA, so it was pretty quiet in most pairs, but not in all. The British pound, as usual, was the central troublemaker. Literally, in half an hour, it managed to climb by almost 150 points. The reason, unquestionably, was the same one - news from Brexit fields. Unless recently news had negative connotations (from the markets point of...
Today is a Thanksgiving day in the USA (the day off), so it’s quite likely American session will be exclusively calm today. Anyway, we shouldn’t relax completely. A “thin” market pose inherent dangers of strong and unexpected moves. However, there are no threats on the horizon. Generally, as we’ve already noted at the beginning of the week, there is no much...
Yesterday in the foreign exchange market the wind has changed once again (the dollar in power again), issues in the cryptocurrency market as well as in the stock market continue to take place. Tellingly, all this was going on without explicit informal injections. Generally, the picture turns out to be sad both for cryptocurrency buyers and for the bulls in the...
Yesterday in the news context was relatively quiet, as evidenced by the lack of strong moves in the foreign exchange market. An interesting informational trend at the start of the week was speeding up the idea that the Fed in 2019 would sharply reduce the degree of aggression and the rate hike would be milder than was previously planned. It’s hard to say of the...
As traditionally we begin the first review of the new week with an analysis of the last week. All the key events of the past week without any doubts were related to the UK and Brexit. On Thursday, we witnessed the most powerful fall of the British currency amid the news that the British Government was leaving several ministers in connection with the disagreement...
The main event yesterday was, without any doubt, the epic fall of the pound. Namely, the fact of its sharp decline is nothing strange itself. The pound all current week was very volatile. But the scale of its fall reverberated. Less than in 4 hours the pound in pair with the dollar has lost around 300 points. In the light of such developments, we need to remind...
Yesterday was remembered by another tachycardia of the pound, the fixation of gains on oil, sell-offs of cryptocurrencies as well as inflation statistics for the UK and the US. Let’s start with statistics. A consumer inflation in the USA and the UK came out slightly worse than analytics ‘ forecasts, but not so weak as to concern the markets seriously, so nothing...
Yesterday has proven to be a quite volatile day and was remembered by the emergence of a “draft” treaty between the UK and the EU, another big fall of oil and statistics on the UK labor market. Let’s begin with Great Britain, all the more since the pound this week - is the main provider of volatility in the foreign exchange market. In general, the data came out...
Despite the day off in the USA, the dollar continued to feel quite confident. The dollar index looks much convincing, and apparently, as long as it keeps above 97, it's worth considering only options for its purchase. On Monday nothing fateful ever happened, there were no significant macroeconomic statistics, but past week and weekends as well turned out to be...
Last week ended for the dollar definitely on a positive note. And if the last week began with doubts that involved the concerns about the outcome of the midterm elections in the United States, then after the announcement of their results, fears somewhat decreased. And on Thursday, the Fed once again played up the dollar, so much that the dollar continued the...
The significant event in the financial markets, yesterday was an announcement of the outcome of the FOMC meeting. As expected, the Fed kept rates steady and remain their rhetoric: economy activity is growing, and the rate will continue to increase at the planned pace. In total, the Central Bank once again played along the dollar, what was our...
Yesterday markets were focused on the results of the US midterm elections, as well as the calculations of possible consequences of its. Recall, the House of Representatives is under Democrats’ control now, while the Senate is still in the Republicans’ hands. And although the current situation became complicated for Trump, things could be worse. Naturally, the...
All eyes were turned yesterday to the midterm Congressional elections in the USA. It is only natural that the dollar was under pressure. Recall, market’s concerns were due to the likely victory of Democrats and their takeover of both Houses of Congress. In this case, the basic scenario was the following one: The House of Representatives goes to the Democrats while...
Yesterday passed without special surprises. Generally, there is nothing strange, the key events will take place today (particularly tomorrow) - referring to midterm Congressional elections in the USA, and consequently the announcement of its results (supposedly, the outcome will be known on early Wednesday). More precisely read about the results and possible...
Let’s begin our first-week review with an analysis of highlight events of the last week. From the point of view of macroeconomic statistics, the main development was the publication of statistics on the US labor market (unemployment at the 48-year low and wage growth at the 9-year high). As we predicted, the data came out much better than forecasts (although we...
Yesterday's dollar selloffs have more political implication than an economic one. The fact is that mid-term elections to Congress will already take place on November 6th. Since the probability of forming a polar parliament is high, the dollar was under pressure. The issue of a “split” parliament is that this will drastically reduce the chances for the...