Dollar rally’s on inflation and retail sales data The Dollar rally’s against all major currencies last week apart for the Yen, to break the resistance it faced earlier in the month. A contributing factor towards the slight rally in Yen is put down to the BOJ tweaking its macro forecasts during Friday’s meeting. In effect,…
The post FX Market View #20 appeared first on JP Fund Services.
Dollar resists short term sell-off and trades higher In the past week the Dollar faced resistance to its near-term trend of strengthening against the currency majors. Despite the fact that the jobs report released in the beginning of the month showed robust numbers, the greenback initially declined following a bout of profit-taking. However, the short-selling…
The post FX Market View #19 appeared first on JP Fund Services.
Is this the time to buy into the Dollar dip? Following a hawkish view from the FED, the markets have priced in at least one rate hike before the end of next year. This contributed towards a Dollar recovery in the past 7 days; however the technical picture appears stretched. The Dollar near-term trend starting…
The post FX Market View #18 appeared first on JP Fund Services.
Dollar experiences technical weakening gainst the majors During the past week the Dollar was pushed back as it failed to consolidate weeks of gains against the currency majors. From a technical stance this scenario is not totally unexpected. If you include a more hawkish tone from the FED with economic data revealing an increase in…
The post FX Market View #17 appeared first on JP Fund Services.
The FED is continuing its path of buying US treasuries even as the economy is expanding, and the vaccine rollout is helping to open businesses. Last month’s disappointing jobs numbers diminishes any likelihood of a change in this fiscal policy. Furthermore, any pricing pressures that may be developing as still considered in being transitionary by…Read More
The release of the Consumer Price and Producer Price data indices pushed the Dollar around last week. Initially the Dollar was pushed higher on Wednesday as rates jumped following the higher than expected CPI data being reported. As the week came to a close the Dollar then lost its upside momentum with the news release…Read More
The relationship between the US economy and the Dollar remains disjointed since the impact of the corona virus on domestic growth. The fiscal and monetary policies which have been implemented during the past year had clearly had a positive effect on the economy. Jobs growth and industrial production data are reflected in an economy that…Read More
By the completion of the first full month in the second quarter, the Dollar index effectively unwound the March gains. This appeared to be the new pattern for the Dollar during April as the Dollar failed to capitalise on the expanding US economy. There have been signs of relief for the Dollar during periods of…Read More
The US Dollar settled in for a challenging week, unable to build any gains or forward momentum instead consolidating lower against the majors. A similar currency market situation prevailed in the previous week, as investor lacked the belief and desire to buy Dollars on the back of a surging domestic economy. As a consequence the…Read More
The US data released during the last week confirmed the market expectation of a rebounding economic recovery. However, despite the data behind a surging US economy, the situation for the Dollar is less than positive. The gains that we made by the greenback earlier in the week, could not be consolidated. As a consequence, the…Read More