• Fed Chair Powell testimony in focus

  The only batch of US economic for the day has already come and gone in the form of a better than expected NFIB small business optimism report. This has hardly had much, if any impact on price action, and most of what we’ve been seeing on this Tuesday thus far is tight consolidation trade. Wrap-Up […]

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• Euro and Pound do good job absorbing political risk

  A political gridlock in France and strong reassurances from the incoming UK government seem to have been enough to keep the Euro and Pound supported into this latest rally. Currencies have been better bid across the board, mostly on the back of a fresh wave of US Dollar selling. Audio Update Technical highlights EURUSD Rallying […]

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• Politics and market volatility

  The second round of the French election has caught the market off guard after Marine Le Pen’s party came out in third place behind President Macron’s centrist alliance. The result now points to a hung parliament. Wrap-Up Call

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• Bad news is still good news

  There has been a growing sense of concern over the outlook for the global economy. Soft economic data out of the US has also been accompanied by weaker data out of other major economies including recent letdowns out of the Eurozone and Canada. Audio Update Technical highlights EURUSD Rallying back to range top GBPUSD Sights […]

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• US Dollar weakness trumps all

  It’s been a week of softer data out of the Eurozone, softer data out of the UK, ongoing stress around the French election, and what is expected to be a massive defeat for the Tories in the UK. Yet with all that going on, the Euro and Pound have been rallying along with the rest […]

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• A mild wave of risk off flow

  As we come into the North American open on Tuesday the story is one of mild Dollar demand and mild risk off flow. Another round of weakness in the Yen is also notable, with the Japanese currency squeaking out yet another fresh multi-year low against the Buck. Wrap-Up Call

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• Back to worrying about slower US growth and sticky inflation

  Initially, currencies were able to find some momentum on the back of an early Monday Euro rally brought on by relief around the first round of the French election. But all of this faded rather quickly, and the focus shifted back to the US side of the equation. Audio Update Technical highlights EURUSD Supported into […]

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• Euro gets a boost from first round French election result

  The Euro is the clear winner on this Monday, with the single currency getting a nice boost on the news of Marine Le Pen’s party recording a smaller margin of victory than some of the polls were indicating. Wrap-Up Call

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• A downgraded US GDP outlook, tariff fears, and the French election

  The US Dollar comes into the new week mildly offered after a wave of USD negative drivers in the previous week. The Atlanta Fed’s downgraded growth outlook for the US economy definitely played its part, while the Buck also stumbled on cooler PCE readings and renewed tariff fears. Audio Update Technical highlights EURUSD Supported into […]

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• Friday calendar stacked with first-tier data

  The decline in the Yen has been one of the biggest stories of the week. The currency now sits at a 38-year low against the US Dollar. This weakness has many wondering when Japanese officials will finally intervene. Key standouts on Friday’s calendar come from German import prices, UK GDP, German unemployment, Canada GDP, US […]

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