Eventful week ahead
This week is going to be a long way for the ECB meeting on Thursday and then US labour market data on Friday. If anything, the risk with the ECB …
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The US dollar advanced modestly in May
We reach the last day of the month and also a Friday, which brings risk of greater volatility than we’ve seen in recent days as institutional investors and others adjust …
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Aussie pushes higher
In terms of overnight trading, it’s the Aussie that has caught the attention, with a push just shy of the 0.93 level on AUDUSD helped by data on private capital …
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Yuan weakens to a 4 week low
There are three broader themes to consider in FX this week. Firstly, China is in the frame once again as the yuan weakens to a 4 week low. As always, …
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The EU changes its tone
There is no escaping the change in political mood in Europe after the publication of European Parliament election results over the weekend. There were wins for a spread of parties …
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FX volatility rises before the weekend
Fairly narrow ranges in FX over the past day, but the end of the week ahead of a long weekend in both the US and UK brings with it greater …
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Higher rates are in order
What FX markets strive for is divergence on the policy path of the underlying currencies. Â There was the thought that this was coming earlier this year, with the Fed tapering, …
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Awaiting the central banks’ decision
The focus today is on central banks; more on their talk rather than action. Overnight there was little surprise to see that the Bank of Japan stuck to their current …
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Splitting the euro
We are seeing both the euro and Aussie weaker at the start of the European session as FX markets react to the latest pronouncements from central banks and officials. For …
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The yen picks up
The yen has been quietly appreciating over the past week and overnight has touched key levels on USDJPY and elsewhere. Dollar yen is sitting just above the 200 day moving …
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