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Weekly FX Update – 9 November 2017 (Video)

It’s been a week of reflection for financial markets, partially due to the number of major economic events that took place last week but also the sheer absence of any this week. In this week’s update, Senior Market Analyst Craig Erlam touches on some of last week’s most notable events before discusses how all of […]

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Dollar’s Capitulation Trade

The ‘mighty’ dollar has deepened its dive against the majors as investor caution on the currency grows. Currently, there is no get out of ‘jail free card’ for long dollar investors who weathered another night of fresh selling, a day after the dollar index notched a 2½-year low – year-to-date, the index is down -9.2%. […]

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JOLTS jolted the dollar

JOLTS  jolted the dollar The market bounced back to life Tuesday as the Greenback was jolted by the JOLTS data The JOLTS  jobs data was through the roof printing an all time record high and ignited a USD rally. But that was only half the positive storyline as a boisterous NFIB small business survey painted […]

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PBoC policy shift ?

Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]

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