Daily FX Commentary

01 September 2015 - Risk off again as Chinese data points to further slowdown

By Alex Edwards
United States Dollar: It was a bank holiday in the UK yesterday and although trading conditions were a bit thinner it didn’t mean that markets were any less volatile. US s... read more

28 August 2015 - Dollar bounces as US GDP revised up

By Jake Trask
United States Dollar: Those hoping for a September rate hike from the Fed got a fillip yesterday as the second estimate of Q2 US GDP was revised upwards from 2.3% to 3.7%. The im... read more

27 August 2015 - Chinese stocks recover and dollar rallies

By Alex Edwards
United States Dollar: The dollar strengthened yesterday as US equity markets recovered and expectations for a September Fed rate hike were pushed back. According to the Fed&rsqu... read more

26 August 2015 - Chinese rate cuts and possible delay to Fed lift-off fuels volatility

By Alex Edwards
United States Dollar: Unsurprisingly, it was another volatile day yesterday. The People’s Bank of China cut interest rates by 0.25% and relaxed the reserve requirement rat... read more

25 August 2015 - Wild swings in rates as panic sets in over China and global growth prospects

By Alex Edwards
United States Dollar: It was a wild day in financial markets yesterday. Stemming from fears over China’s growth prospects, traders turned risk averse and sought out less r... read more

24 August 2015 - Risk sold as China concerns deepen

By Alex Edwards
United States Dollar: There was another rout in Chinese stocks overnight as investors and traders fretted over China’s economic growth prospects. The Shanghai Composite fi... read more

21 August 2015 - Dollar slumps as investors push back expectations for Fed liftoff

By Alex Edwards
United States Dollar: UK retail sales data printed weaker than expected on Thursday morning and the reaction in GBP/USD was in contrast to the positive reaction we saw following ... read more

20 August 2015 - USD weaker following dovish FOMC Minutes

By James Mills
United States Dollar: With no data releases from the UK yesterday, it was up to news from the US to affect Sterling dollar. The morning session therefore was relevantly quiet and t... read more

19 August 2015 - Strong UK CPI numbers sends Sterling higher

By James Mills
United States Dollar: GBP/USD – The pound gained heavily yesterday as better than expected inflation data, for July, increased speculation of a UK increase interest rate rise... read more

18 August 2015 - Focus on today’s UK inflation numbers

By James Mills
United States Dollar: GBP/USD – Sterling remained well supported during the early part of yesterday’s sessions, with the pair trading above the 1.5650 mark. Roughly aro... read more

17 August 2015 - Sterling starts the week on the front foot

By James Mills
United States Dollar: The end of last week saw a choppy spell for GBP/USD as strong US Industrial Production growth and better than expected US Producer Price Index (PPI) helped th... read more

14 August 2015 - Greek Parliament votes in favour of 3rd bailout

By Jake Trask
United States Dollar: GBP/USD popped to a high of 1.5634 yesterday supported in part by solid EUR/GBP selling during the European morning session. US Retail Sales data was then ... read more

13 August 2015 - UK wage growth slips - Yuan slide continues

By Jake Trask
United States Dollar: The pound fell in early trading yesterday as UK wage growth data fell short of expectations printing 2.4% growth y/y for April-June a drop from the previous... read more

12 August 2015 - AUD and NZD slammed lower as China cuts Yuan reference rate again

By Alex Edwards
United States Dollar: The devaluation of the Chinese Yuan by the PBOC yesterday sent shockwaves through financial markets. The suggestion by the central bank was that it was a o... read more

11 August 2015 - AUD and NZD gap lower as China devalues Yuan

By Alex Edwards
United States Dollar: The dollar was sold across the board on Monday. After starting the day at 1.5460 cable pushed steadily higher throughout the afternoon yesterday eventually... read more

10 August 2015 - September Fed rate hike still likely after strong Non-Farm Payrolls

By Jake Trask
United States Dollar: Friday saw another strong jobs report from the States with the latest monthly Non-Farm Payrolls print 215k for July. Although the number was slightly lower ... read more

07 August 2015 - Hawks left disappointed by dovish MPC minutes

By Alex Edwards
United States Dollar: It was a busy day yesterday for the pound. Manufacturing production data - released in the morning - printed in line with market expectations and was large... read more

06 August 2015 - Pound remains strong this Super Thursday morning

By Alex Edwards
United States Dollar: GBP/USD was steady throughout most of the morning yesterday and traded close to and above the 1.5550 level. It was a surprise to see little to no reaction ... read more

05 August 2015 - Dollar strengthens on hawkish Fed comments

By Alex Edwards
United States Dollar: Choppy is the word that best describes the range in GBP/USD yesterday. It comes partly as a result of low liquidity in FX markets with it being summer holi... read more

04 August 2015 - AUD rallies as RBA signals it is more comfortable with current exchange rate

By Alex Edwards
United States Dollar: The pound didn’t get off to the best of starts yesterday and by the early afternoon it had fallen to 1.5569 vs. the US dollar. UK Manufacturing PMI f... read more

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