The Latest in Forex News & Analysis.

A volatile start to the week

By MR | February 7, 2018 1:16 am | 0 Comments

The past couple days have been some of the most volatile we have seen in some time. Global equities across the board have been weaker to kick off the week.

The Dow saw its biggest intraday trading drop in history. This comes after seeing the Dow hit its record high less than two weeks ago. The Dow rallied back on Tuesday after the record plunge to close nearly 600 points higher than Monday’s close.

We saw massive fluctuations in the S&P and VIX as well.

Secretary Mnuchin assures us that markets are functioning normally, economic fundamentals are in tact and referred to these price swings as a “short term disconnect”.

Chinese GDP

By MR | January 18, 2018 3:39 am | 0 Comments

Encouraging numbers out of China as they beat their projected 4th quarter GDP. Not only did they exceed 4th quarter expectations, but they also achieved positive yearly economic growth for the first time since 2010. Their target growth for 2017 was 6.5% which they comfortably outperformed by coming in at 6.9%.

This reflects positively on China’s economy, which is the second largest in the world. Shows signs of a healthy economy and potential growth to come.

A healthier Chinese economy could also mean good news for U.S. equities.

The US takes the day off, dollar slump does not

By MR | January 16, 2018 1:41 am | 0 Comments

The dollar continues to be softer, even with the holiday in the states. As a result, Gold continues its push towards its highest level since September, Cable broke through 1.38 for the first time in roughly eighteen months and Euro still has its sights set on 1.23.

Yen’s recent strength against the slumping dollar slowed a bit today as Dollar Yen began to climb on the back of news out of Japan. A mixture of lower than expected PPI readings, Japan still seemingly a long way off from their 2% target inflation rate and comments from Japanese finance minister Taro Aso. In his comments he hinted that volatile price swings in currency could spell trouble. Naturally, this Yen weakness had corresponding effects on all Yen pairs.


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