Saturday, February 24, 2018
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Will FOMC Minutes send USDJPY Through 108.00?

Market Drivers February 21, 2018 EZ Flash PMI soften UK Labor data mixed Nikkei 0.21% Dax -0.84% Oil $61/bbl Gold $1329/oz. Bitcoin $11000 Europe and Asia: EUR EZ Composite PMI 57.5 vs. 58.5 GBP UK Unemployment rate 4.4%...

Will GBP/USD Reject 1.40 on Labor Data?

Although U.S. stocks ended the day in negative territory, the U.S. dollar traded higher against all of the major currencies. There were no exceptions as the greenback powered higher...

Dollar Recovery Week Continues

Market Drivers February 20, 2018 USDJPY takes out 107.00 RBA encouraged by consumer demand Nikkei -1.01% Dax 0.20% Oil $62/bbl Gold $1337/oz. Bitcoin $11460 Europe and Asia: EUR ZEW TBA North America No Data The Dollar rebound continued in Asian...

Forex – The 3 Things I’m Watching this Week

With U.S. markets closed for Presidents Day and most of Asia off for Chinese New Year, it was no surprise to see quiet trading in the FX market. The...

Muted Monday As Dollar Builds a Base

Market Drivers February 19, 2018 USDJPY back above 106.50 Japanese Trade Balance beats Nikkei 1.97% Dax 0.39% Oil $62/bbl Gold $1347/oz. Bitcoin $10800 Europe and Asia: JPY JP Trade Balance 373B vs. 86B EUR EZ Current Account 29.9B...

EURO – This is the Right Point for a Reversal

EUR/USD had a great run this past week but the sell-off on Friday screams of a deeper reversal. Technically, the rally stopped just short of the 100 and 200-month...

Time for Dollar Short Squeeze?

Market Drivers February 16, 2018 USDJPY breaks 106.00 UK Retail Sales miss Nikkei 1.19% Dax 0.96% Oil $61/bbl Gold $1359/oz. Bitcoin $9700 Europe and Asia: GBP UK Retail Sales 0.1% vs. 0.5%   North America USD Housing Starts 8:30 USD Building...

Is 106.00 the Bottom for USDJPY?

Market Drivers February 15, 2018 USDJPY hits fresh lows AU Employment mixed Nikkei -1.47% Dax 0.72% Oil $60/bbl Gold $1354/oz. Bitcoin $9900 Europe and Asia: AUD AU Employment 16K vs. 15.3K North America USD PPI 8:30 USD Empire and Philly...

What’s Today’s Best Case Scenario for USDJPY Bulls?

Market Drivers February 14, 2018 Risk aversion takes USDJPY below 107.00 GE GDP in line Nikkei -0.43% Dax -0.70% Oil $59/bbl Gold $1335/oz. Bitcoin $8800 Europe and Asia: EUR GE GDP 2.3% vs. 2.3% North America USD CPI 8:30 USD...

Abe Playing with Fire? USDJPY Crashes Through 108.00

Market Drivers February 13, 2018 USDJPY trips stops at 108.00 UK Inflation in line Nikkei -0.65% Dax -0.12% Oil $59/bbl Gold $1329/oz. Bitcoin $8400 Europe and Asia: GBP UK CPI 3.0% vs. 2.6% GBP UK PPI 0.7% vs....

FX Traders Not Convinced that Panic Selling Over

U.S. stocks started the week with a rally strong enough for market participants to hope that the panic selling is over. Between Friday's positive close and today's nearly 2%...
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