No Relief for Currencies as Dow Plunges Another 1,000 Points

It was another rocky day in the financial markets with the Dow falling more than -1,000 points. It should be no surprise that this volatility kept investors away from...

Dollar Resumes Bid – All Eyes on BOE

Market Drivers February 8, 2018 Dollar stronger across the board Will BoE remain dovish? Nikkei 1.13% Dax -0.89% Oil $61/bbl Gold $1320/oz. Bitcoin $8100 Europe and Asia: No Data North America GBP BOE Rate Decision 7:00 Back to dollar strength...

[Vault] Equity Volatility Encourages Forex Liquidation Not Consolidation

After getting a taste of the dangerously wild swings this week, investors continued to take profits and unwind their high beta trades, driving the U.S. dollar and Japanese Yen...

Dollar Crashes, Will ECB Draghi Say Enough to Kill Euro Rally?

It was another crushing day for the U.S. dollar with the greenback trading sharply lower against all of the major currencies. What sets this leg apart from others is...

Is A Weaker Dollar A Plus For US Economic Growth?

Treasury Secretary Steven Mnuchin says that a softer dollar will juice US economic growth. Speaking at the World Economic Forum in Davos, Switzerland, he advises that “obviously a weaker...

GBP/USD Breaks & Rejects 1.40 as Dollar Hits 3-Year Lows

It was a volatile day in the foreign exchange market with the Dollar Index falling to fresh 3 year lows. This decline drove all of the major currencies higher...

North American Open Note 01-23-2018

Market Drivers January 23, 2018 BOJ Sticks to 2% target but USDJPY falls through 110.50 GE ZEW beats Nikkei 1.29% Dax 0.49% Oil $63/bbl Gold $1337/oz. Bitcoin $10300 Europe and Asia: EUR GE ZEW 95.2 vs....

North American Open Note 01-22-2018

Market Drivers January 22, 2018 Dollar gaps down but fills the gap Senate scheduled for another budget resolution at noon NY Nikkei 0.03% Dax -0.05% Oil $63/bbl Gold $1332/oz. Bitcoin $11600 Europe and Asia: No Data North America No...

DC Drives Dollar Trade

Market Drivers January 19, 2018 UK Retail Sales FX Looks to DC for direction Nikkei 0.19% Dax 0.75% Oil $63/bbl Gold $1336/oz. Bitcoin $11700 Europe and Asia: EUR EZ CA 32B vs. 31B GBP UK Retail Sales -1.5%...

Beware Profit Taking Ahead of Political Deadlines

As the week draws to a close, politics will be in central focus. There are two big deadlines looming - a potential U.S. government shutdown if a funding bill...

Dollar Holds its Rebound

Market Drivers January 18, 2018 AU Employment data mildly better CNY GDP beats Nikkei -0.44% Dax 0.33% Oil $64/bbl Gold $1328/oz. Bitcoin $10800 Europe and Asia: AUD AU Employment 34K vs. 9K CNY GDP 6.8% vs. 6.7% North...

Forex – What is Behind Today’s V Shaped Moves?

We haven't seen this type of volatility in the foreign exchange market in weeks. In the last 24 hours trading ranges expanded sharply leading to big moves in currencies....