Tag: Forex

The Euro ended the week as one of the worst performers as the post ECB rally faded. Markets see the Eurozone lagging other major central banks in reducing their stimulus plans and raising interest rates. Australian Dollar ended the week the strongest of the major pairs as the RBA stopped defending the yield curve and… The post Cromwell FX Market View Euro selloff to continue? Fed and BOE meet appeared first on JP Fund Services.

Global yields have firmed this week with a majority of the currency majors paring gains against the Dollar. As opposed to the pattern that developed in the week earlier, the currencies from higher yielding currencies lost ground against the greenback. Most notably, it was the Norwegian and New Zealand currency that underperformed the most against… The post FX Market View #30 Dollar is poised for a rally during a week of major announcements appeared first on JP Fund Services.

The US dollar drifted lower throughout the week continuing its negative correlation with risk assets. Optimism in risk assets meant the USD lost ground against commodity pairs such as NZD and AUD. Fed Chairman Powell spoke and he confirmed that the taper is coming with a base case start of November. We still see a… The post Cromwell FX Market View Dollar drifted as Fed taper all but confirmed appeared first on JP Fund Services.

As we approach the tail-end of the first month in the last quarter of the year, one key macro view on the week ahead is the preliminary estimates of US Q3 GDP data. The market will look to assess how resilient the US economy is, and how it is hold up against a backdrop of… The post FX Market View #29 Dollar holds in narrow range ahead of US Q3 GDP data appeared first on JP Fund Services.

If you're interested in getting involved in the foreign exchange market and becoming a Forex trader, but you're not sure how to get started,...

The Yen selloff continued through the week as a broader risk on strategy was adopted which spilled over into USD pressure. With little economic announcements the market was left to it's own devices and the continued strength in energy and commodity prices pushed the main commodity backed currencies higher.  The USD long term strength remains… The post Cromwell FX Market View Strong Energy and Commodities Dominate appeared first on JP Fund Services.

US equities traded higher last week as they rallied on strong earnings reports, which in turn helped global stocks to achieve multi-session gains. As a result the Dollar softens its stance against the majors with the exception to the Yen, despite benchmark yield offerings slight gains. In other markets Gold was unable to sustain any… The post FX Market View #28 Markets driven by high energy prices and low Chinese growth data appeared first on JP Fund Services.

Despite a disappointing NFP on Friday the Dollar remained generally in control during the week. Yen lost across the board as treasury yields continued to rally. New Zealand dollar lost ground despite the RBNZ delivering its anticipated rate hike. Euro lost ground again as inflation pushed up to 3.4% YoY. Eurozone had expected higher inflation… The post Cromwell FX Market View NFP disappoint but USD remains in control appeared first on JP Fund Services.

The news of last week was how the Dollar would respond to the NFP data being released on Friday. Estimates were pointing towards continued US economic growth, however the market uncertainty resulted in mixed Dollar views ahead of the jobs report. The Scandies lead the way forward for the majors, posting gains against the greenback… The post FX Market View #27 Dollar remains mixed in response to lower US jobs data appeared first on JP Fund Services.

The USD gained across the board as stocks continued to falter. This led to a broader stronger greenback. NZD was the worst performer as further lockdowns due to rising COVID infections led to traders pushing back the chance of a rate hike from October to later in the year. The Canadian Dollar continued to gain… The post Cromwell FX Market View Greenback Returns to Dominance appeared first on JP Fund Services.

During the past month the Dollar has been trending higher against the majors, on the back growing investor sentiment towards FOMC rhetoric supporting a rate hike later this year. The Fed will not be the first central bank of a high income country to raise rates, as Norway lead the way last month. Second place… The post FX Market View #26 Interest rates and risk drive Dollar higher appeared first on JP Fund Services.

The USD was mostly flat against European pairs as continued issues around gas supply and the risk of inflation muted any gains against the greenback. Yen was the largest winner as a hawkish FOMC meeting accelerated treasury yields. The Canadian Dollar was the weeks best performer helped in most by a continuing strong oil price,… The post Cromwell FX Market View Yen loses as Fed remains Hawkish appeared first on JP Fund Services.

Dollar gains on market uncertainty as risk abates From the beginning of last week, the global markets were depleted of any sustainable risk appetite as the news from the collapse of China’s Evergrande was absorbed. This lifted the Dollar as investors sought safe-haven assets to protect investment portfolios against further downside pressure. As a consequence,… The post FX Market View #25 appeared first on JP Fund Services.

From the beginning of last week, the global markets were depleted of any sustainable risk appetite as the news from the collapse of China’s Evergrande was absorbed. This lifted the Dollar as investors sought safe-haven assets to protect investment portfolios against further downside pressure. As a consequence, the initial Dollar sell-off following the FOMC meeting… The post FX Market View #25 Dollar Gains on Market Uncertainty as Risk Abates appeared first on JP Fund Services.

Central Bank Meetings are the order of the week A slew of central bank meetings in the week ahead will keep the markets engaged in monitoring the currency majors. Specific attention on Dollar strengthening as the market looks for potential trending patterns to emerge. All in all, there will be a release of policy data… The post FX Market View #24 appeared first on JP Fund Services.

USD and JPY were the key winners as risk of sentiment in stock continued throughout the week. China's Evergrande continued to worry equity markets with a risk off theme playing out throughout the week. Evergrande is China's second-largest property developer by sales, and has managed to rack up some $300 billion in debts. Doubts are… The post Cromwell FX Market View USD Ascendancy Continues China’s Worries appeared first on JP Fund Services.

Market looking to Trade the ‘Corona’ Delta The Dollar could not hold onto the gains made earlier in the week, as it paired losses against most currency majors as well as emerging market currencies. The catalyst behind the sliding Dollar most likely stemmed from two sources. Firstly, the geo-political environment heated up following the inconclusive… The post FX Market View #23 appeared first on JP Fund Services.

The technology sector is thriving while the rest of the global economy is struggling to recover. Quarterly earnings for Apple, Microsoft, and Alphabet were...