The Latest in Forex News & Analysis.

US dollar strengthens ahead of Fed rates tomorrow afternoon

By A G | June 12, 2018 4:02 pm | 0 Comments

Uneventful market reaction for a historic meeting between President Trump and Kim Jung Un.
The two signed a pact pledging peace and committing work towards denuclearization of Korea.
Rejected proposal to remove Brexit date, keeps it official at March 29th, 2019.
We saw dollar strength as the greenback made gains in pairs across the board on the back of the 30 year bond auction. Sending Eurodollar lower, Dollar Yen higher and essentially erasing the gains GBP/USD made earlier this morning.
All signs still pointing to the Fed raising rates tomorrow at 2:00PM EDST.
UK Consumer Price Index announced 4:30am EDST, considered most significant inflation data.

Cyber security & G7 complications, Trump to meet Kim Jung Un

By A G | June 11, 2018 4:18 pm | 0 Comments

Continued cyber security questions cause cryptocurrency tumble, ahead of billions wiped from hackers in South Korea.
GBP slips on weak manufacturing data, Euro equities up as Italy pledges to stay in Euro.
G7 chaos while meetings come to an end, sides seem to be getting further apart.
All eyes on President Trump and Kim Jung Un as they are set to meet at 9:00PM EDST tonight.

EURUSD maintaining momentum ahead of G7 meetings

By A G | June 7, 2018 4:37 pm | 0 Comments

EURUSD broke above the 1.18 mark and stayed there through most of the day.
The Brazilian Real continues to fall as a result of its weak equities caused by labor strife, economic uncertainty and political corruption in the presidential election.
President Trump and PM Abe met at the White house today to talk about improving trade relations, as well as the meeting with North Korea next week.

Canadian employment data tomorrow morning at 8:30.
Canada is also holding G7 meetings in Quebec this weekend.

Midweek update

By A G | June 6, 2018 4:07 pm | 0 Comments

Euro had a strong day, coming off the heels of positive talk from various ECB officials.
Mexico has responded to Trump’s tariffs by imposing their own tariffs against the US, worth up to 3 billion dollars on products including pork, apple, potatoes, bourbon and cheese.
US equities remain strong , Tesla stock up 7% after a vote of confidence from shareholders

Strong day for GBP

By A G | June 5, 2018 4:21 pm | 0 Comments

Busy day on the FX market as expected.
Real strong day for cable, starting with the PMI being stronger than expected. GBP made gains in pairs across the board.
Some Dollar weakness today despite ISM non-manufacturing PMI coming in stronger than forecasted.
Gold jumped above the 1,300-dollar mark and still looking to hold that mark.
On the same day Apple is closing in on becoming the first 1 trillion-dollar US company, it helped push the Nasdaq up over its all time high for a second straight day.
USA asked OPEC to increase production of 1 million barrels per day.

Look ahead for yet another busy 24 hours
9:30 EDST tonight AUD GDP q/q report
Trade balance numbers for CAD and AUD coming tomorrow at 8:30am and 9:30pm EDST respectively.

Tariff Crisis

By A G | June 4, 2018 4:25 pm | 0 Comments

Oil was the big mover today, falling below the 65 mark ahead of OPEC meeting.
The tariff crisis looks like it isn’t going away any time soon.
G7 finance chiefs issued a rare rebuke of the decision from President Trump.

Look ahead for what should be a much busier day tomorrow
RBA interest rate statement at 12:30am EDST, as well as AUS GDP q/q later at night.
GBP Purchasing Managers Index 4:30am.
USD Non-Manufacturing ISM report 10:00am.

Mark your calendars President Trump and Kim Jung Un have set a date and time to meet in Singapore for Tuesday, June 12th at 9:00am SGT (9:00PM EDST, June 11th).

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