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....

Chart Of The Week: FX Update | January 17, 2018

Hey Traders, I posted a video on FX Major pairs back on December 20th –> Turns out 4 out of 5 of my market calls would have made you money. So...

Euro Turns at Highs Leaving Longs Stranded

Market Drivers January 17, 2018 Euro Turns at Highs Market looks to BOC Nikkei -0.35% Dax -0.19% Oil $64/bbl Gold $1335/oz. Bitcoin $10800 Europe and Asia: EUR EZ CPI 1.5% vs. 1.4% North America CAD BOC 10:00 Another very...

Prepare for 3 Potential Outcomes to Bank of Canada Rate Decision

Wednesday's Bank of Canada monetary policy meeting is the most important event risk this week and according to interest rate futures, investors are currently pricing in 90% chance of...

North American Open Note 01-16-18

Market Drivers January 16, 2018 Euro wobbles as coalition talks in danger UK CPI cooler Nikkei 1.00% Dax 0.31% Oil $64/bbl Gold $1334/oz. Bitcoin $12000 Europe and Asia: GBP UK CPI 2.5% vs. 2.6% North America USD Empire...