cosma's Blog

Avatar

Daily Currency Outlook. Oct. 7, 2016

Good Morning All;
follow a new Daily Currency Outlook. Oct. 7, 2016
#EnjoyReading
EUR/USD
The dollar secured further significant gains on Thursday with the trade-weighted index at a fresh two-month high. The ECB minutes were generally dovish with the bank concerned that there was no sign of any upward pressure on inflation while there were still downside risks to the growth outlook. The comments tended to cast further doubts on the potential for any tapering of bond purchases in the short term w…
Read full story
Translate to English Show original
orto leave comments
Avatar

Currency Daily Update 12.22.15

Morning All; we see a new daily currency report.
Eur/Usd The Euro was resilient during Monday despite concerns surrounding the inconclusive Spanish election result. With no party able to secure an overall majority and major obstacles to forming a coalition, there was some speculation that a second election would be needed which could cause wider stresses within the Euro-zone. There was still evidence of shorter-term long dollar positions being reduced, although there was also some suggestion tha…
Read full story
Translate to English Show original
orto leave comments
Avatar

FX Report 16 December 2015

Good Morning Dukascopy Community...'ll see my Fx Daily Outlook.
Friendly Day. EUR/USD The Euro initially pushed sharply higher on Tuesday with a peak just above 1.1050 before finding tougher resistance and drifting back towards 1.1000. There was a slightly stronger than expected increase in the German ZEW index to 16.1 from 10.4, maintaining evidence of robust demand, although markets were focussed elsewhere ahead of the Fed decision. The US New York Empire index was slightly better than expect…
Read full story
Translate to English Show original
orto leave comments
Avatar

Thanksgiving Day

Thanksgiving marks the beginning of the holiday season. For many investors this typically means it is time to start unwinding positions and bank profits before year-end. However this holiday season is very different from others because big announcements are expected in the next 3 weeks that will usher in a new era for monetary policy. The Federal Reserve is poised to raise interest rates for the first time in 9 years and the European Central Bank is expected to increase stimulus. Although both o…
Read full story
Translate to English Show original
orto leave comments
Avatar

Currency Daily View

Morning All; The US dollar will take its next direction from Fed Chairwoman Janet Yellen's testimony on the economy and monetary policy. For the past 2 weeks, the dollar has been trading in a narrow range against most of the major currencies, waiting to breakout on a big event like tomorrow's Congressional Testimony.
Most investors will agree that the Fed will raise interest rates in 2015 but how quickly they will move is up for debate. In December, Yellen set the stage for a summer rate hike w…
Read full story
Translate to English Show original
orto leave comments
Avatar

Fx Daily View

Morning People; investors reduced their exposure to U.S. dollars ahead of Friday's non-farm payrolls report, which is smart considering that payrolls could pose a short-term risk to the greenback. Every month we look at 8 different economic reports to gage how NFPs will fare and unfortunately this month, the majority of the reports point to a softer release. Both the service and manufacturing sectors saw job losses in the month of January, ADP reported a smaller increase in corporate payrolls, …
Read full story
Translate to English Show original
orto leave comments
Avatar

Daily Forex View 2.4.15

Good Morning People;
see the 4 Reasons for the Dollar Collapse
1. Surge in Oil Prices / Risk On2. US Data Concerns3. Kocherlakota Comments4. Short Squeeze in Non-Dollar Currencies The U.S. dollar traded lower against all of the major currencies today with the steepest losses seen against the euro, Canadian and New Zealand dollars. Each of these currencies rose over 1% versus the greenback on a day devoid of any Tier 1 U.S. economic reports. Instead the dollar's collapse was driven by 4 main fact…
Read full story
Translate to English Show original
orto leave comments