Currency Analysis & Comment

The U.S. dollar staged an end of week rally following unconvincing global data. On Thursday we had suggested that if upcoming economic reports reinforced the prospects of a stronger global recovery,...

Friday will be a busy day for forex traders, with PMIs and retail sales reports scheduled for release from all corners of the world. Currencies are trading strongly ahead of these reports, with...

Weaker U.S. data is finally catching up to the U.S. dollar. The greenback traded lower against all of the major currencies on Tuesday following softer housing data. Building permits grew 0.3% in the...

For the past few weeks investors have been focused on the U.S. recovery and its impact on the U.S. dollar. They were sorely disappointed when nonfarm payrolls and retail sales came out well under...

Forex traders were unfazed by weak data on Friday as currencies and equities extending their recoveries. Consumer spending stagnated in the month of April after soaring in March. Excluding the costs...

Stocks rebounded sharply Thursday, but the muted price action in currencies suggest that FX traders are not convinced the selling is over. The U.S. dollar gave back a small portion of...

Stocks sold off sharply on Tuesday, with the Dow Jones Industrial Average dropping more than 1% and the NASDAQ losing 2%. As this was the biggest one-day decline since February, it should have...

What started off as a strong day for risk appetite turned into losses for currencies and equities. The Dow Jones Industrial Average and NASDAQ hit record highs at the start of New York trade but shed...

Non-farm payrolls are due for release on Friday, and the U.S. economy is expected to add nearly 1 million jobs. If the NFP numbers rise by 978,000, the current consensus forecast, it would be the...

The U.S. dollar kicked off the first trading day of May with broad-based losses. On Friday, U.S. non-farm payrolls are due for release, and with the labor department expected to report a...

Month end flows drove the U.S. dollar higher against all of the major currencies on Friday. The month of April was a challenging one for the greenback. The Dollar Index dropped from 93.30 to...

The three most important event risks on this week’s calendar are FOMC, U.S. first quarter GDP and Eurozone first quarter GDP. On Wednesday, we learned that while the Federal Reserve is...

EUR/USD soared to seven-month highs today for the following reasons: 1.    The Fed failed to live up to expectations. It says now is not the time to talk taper2.    German...

After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal Reserve’s monetary policy announcement. The U.S. economy is running hot ahead of the...