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The latest Messages 9
2021-03-15 13:01:13
The Analytical Overview of the Main Currency Pairs on 2021.03.15Quiet trading was observed on Friday. The dollar index rose slightly in light of positive data from the University of Michigan. The report has shown the highest growth in the consumer sentiment index since April last year. Also, manufacturing prices data was released. Manufacturing inflation rose 1% in February to 2.7%, allowing US Treasury yields to gain a foothold above 1.60%.
1.7K views10:01
2021-03-11 13:59:15
The Analytical Overview of the Main Currency Pairs on 2021.03.11On Wednesday, the main event of the day was the publication of the US inflation data. A report from the National Bureau of Statistics indicated that the core consumer price index, which excluded food and energy prices, rose by 0.1% from a month earlier. The annual index rose by only 1.3%, 0.1% less than expected. The general consumer price index rose by 0.4% month-on-month and 1.7% year-on-year. All numbers correspond to market expectations, against which the dollar index continued its corrective pullback.
757 views10:59
2021-03-10 13:05:05
The Analytical Overview of the Main Currency Pairs on 2021.03.10On Tuesday, in the absence of important macroeconomic news, the market showed calm trading. The dollar index fell slightly as part of the technical correction. Today in the American session, we can expect some surge in volatility in the light of the release of inflation data in the United States. As the market becomes more and more concerned about the need for strong stimulus from the Fed, the indicators of price pressure may cause a violent reaction in the foreign exchange market. In addition, a monetary policy decision by the Bank of Canada is expected, which may cause significant fluctuations in the Canadian currency.
122 views10:05
2021-03-09 17:08:22
The Analytical Overview of the Main Currency Pairs on 2021.03.09On Monday, the dollar index continued its upward movement after the extremely positive Friday data on the labor market. The US economy added 379K jobs, well above the median average. Previous NFP numbers were revised upward to 166K. Over the two months, the average exceeded 200K, which is a bullish factor for the dollar. In addition, the unemployment rate fell by 0.1% to 6.2%, while the share of the economically active population remained unchanged.
649 views14:08
2021-03-05 15:30:50
The Analytical Overview of the Main Currency Pairs on 2021.03.05The dollar index rose sharply on Thursday after Jerome Powell commented to the Wall Street Journal about the recent skyrocketing of government bond yields. At first glance, nothing important was said. He expressed concern about the dynamics of the development of financial conditions. But at the same time, he has warned that the Fed does not plan to put pressure on profitability, and the monetary regulator will be "patient". The market interpreted this as the end of the easing policy, as a result of which the dollar rose sharply, consolidating above the moving average on the daily chart.
620 views12:30
2021-03-04 14:01:35
The Analytical Overview of the Main Currency Pairs on 2021.03.04On Wednesday, the dollar index rose slightly as the conflict between the EU and the UK resumed. The dispute escalated over trade with Northern Ireland, which effectively remained in the European bloc’s customs area according to the Brexit deal. The European Union said it would take legal action against the UK for violating the terms of the trade deal, as it unilaterally refused to follow customs rules for checking goods until October. In this light, the European currencies came under pressure against the dollar, but in the American session, the greenback itself underwent sales. Negative data from the US services sector from ISM slightly reduced the bullish pressure in the USD, and as a result, the foreign exchange market closed near the opening price.
1.1K views11:01
2021-03-03 14:27:31
The Analytical Overview of the Main Currency Pairs on 2021.03.03On Tuesday, the dollar index failed to break the SMA 100 moving average on the daily chart. A pullback has taken place, as the market is in no hurry to fully reverse the direction before the ECB and Fed meetings. ECB members will meet next week to decide on monetary policy. Investors will be keeping a close eye on what Christine Lagarde has to say about the recent rise in bond yields. Their expectations can cause speculation in the market and unexpected bursts of volatility are possible during the week.
1.3K views11:27
2021-03-02 13:59:36
The Analytical Overview of the Main Currency Pairs on 2021.03.02On Monday, the market moved in different directions. European currencies continued to decline against the dollar despite positive manufacturing PMI data. Germany showed slightly faster growth from 60.6 to 60.7. In general, the indicator of European manufacturing activity was 57.9 while the preliminary estimate was 57.7. IHS Markit data failed to reverse the trend that had formed last week, as these figures were taken into account in the preliminary calculation. A similar index for the US from the ISM came out significantly higher: 60.8 against 58.7 a month earlier. However, the growth accelerated mainly due to high inflation in the sector.
1.5K views10:59
2021-03-01 13:21:39
The Analytical Overview of the Main Currency Pairs on 2021.03.01Friday has been the most volatile day since May last year. The dollar index rose by 0.68%. The main outsiders were commodity currencies amid a correction in the oil market. The dollar continues to rise in price in light of positive expectations on the labor market data and the departure of investors from risky assets. The stock market continues to decline as bond yields are rising. At the end of February, the leaders were the British Gilts, which gained almost 50 basis points up to 0.82%.
507 views10:21
2021-02-26 18:04:33
The Analytical Overview of the Main Currency Pairs on 2021.02.26The dollar rose sharply on Thursday amid positive data both on labor market and durable goods orders. The number of new jobless claims fell sharply by 111,000 in a week to 730K, according to the Labor Department. The monthly average fell to 807.75K from 828.25K. This gives positive expectations to the market ahead of the release of the NFP report, which will be published on Friday next week. Traders also positively evaluated the data from the Ministry of Commerce. The growth in the volume of orders for durable goods indicates a steady growth in GDP in the first quarter.
244 views15:04
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