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BIG PICTURE USD EUR GBP JPY

BIG PICTURE USD EUR GBP JPY

Rising geopolitical risks in China is triggering large-scale damage to China-sensitive assets, despite improving growth data there. Meanwhile, US labor data remains firm, ISM has upside risks and used car prices may rise again. The perfect storm is brewing in favor of the dollar, at least, near term.
ACY Securities | vor 471 Tagen
USD: A Sharp Rebound for the US Dollar in February

USD: A Sharp Rebound for the US Dollar in February

The FX market had a quiet start to the week, with the Swedish krona and pound being the best performers yesterday. However, for the month as a whole, the US dollar has shown strength, staging a strong rebound after a significant sell-off between September and February.
ACY Securities | vor 471 Tagen
Challenging March for Bitcoin

Challenging March for Bitcoin

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Challenging March for Bitcoin
FxPro | vor 471 Tagen
Ueda is NOT Helping JPY Performance

Ueda is NOT Helping JPY Performance

During the Asian trading session, the US dollar maintained its strength, following its climb back above the 105.00-level in the previous week's dollar index. Particularly, the US dollar has demonstrated its dominance against high-risk commodity currencies such as the Australian dollar, New Zealand dollar, and Norwegian krone, throughout the night.
ACY Securities | vor 472 Tagen
Sticky Inflation Keeps Dollar Higher for Longer

Sticky Inflation Keeps Dollar Higher for Longer

The dollar remains broadly bid after Friday's release of US PCE inflation data argued that the Fed needed to push rates higher and for longer. 25bp Fed hikes are now priced for March, May and June. Expect the dollar to hold gains this week, although China's February PMIs (Wednesday) and the US ISM Services (Friday) may prove a challenge.
ACY Securities | vor 472 Tagen
The Great Elastic Band Still Points South

The Great Elastic Band Still Points South

For major equity markets, it was a very strong rally at first through Europe, and then into New York. Nevertheless, the end of day looked a little tired in New York trading. This is because traders seemed to want to simply forget the terrible re-acceleration of inflation, producer prices and then the PCE that we have just seen. As if they were suddenly yesterday’s news.
ACY Securities | vor 472 Tagen
Why Europe Should Avoid Fiscal Largesse

Why Europe Should Avoid Fiscal Largesse

Although the next UK budget is not due for several months, there are already growing calls for the government to cancel the planned increase in corporation tax. The decline in energy prices has reduced the expected outflows for the UK's energy price guarantee scheme (EPG).
ACY Securities | vor 473 Tagen