Though the data crossing the European wires were almost consistently bad, price action for the euro was relatively mixed. This reflects the recent valuation model in the currency market of which economy is contracting...
Event risk this past week boasted a significant probability of volatility and potentially a breakout from the dollar?s recent congestion. Looking at the week ahead, the potential for a major greenback move are doubled...
Friday August 29, 4:52 pm ET By John Kicklighter, Currency Strategist strategist@dailyfx.com Dollar advance may be cut short by NFPs. Central bank activity will hold the market over until payroll Friday. · Friday's data...
Growth in the world's largest economy was surprisingly strong in the period from April through June, owing largely to a substantial improvement to the trade account figures. According to the Commerce Department's second...
Thursday August 28, 7:27 pm ET By John Kicklighter, Currency Strategist strategist@dailyfx.com There was a lot of cross currency activity jostling the risk-sensitive yen crosses Thursday; but a global rally in equities and...
The Commodity Bloc was volatile Thursday. Influencing the Canadian, Australian and New Zealand dollars equally was a sharp drop in key raw material prices. The Reuters/Jeffries CRB Commodity Price Index dropped 1.9 percent...
Wednesday August 27, 8:42 pm ET By John Kicklighter, Currency Strategist strategist@dailyfx.com The Japanese yen was looking at a modest selloff across the market Wednesday as temperate gains in stocks and a lack of major...
Written by John Kicklighter, Currency Strategist The Fed minutes released this passed week confirmed what the market has been pricing in for some months now: the next move in interest rates is likely to come in the form...
Wednesday August 27, 4:50 pm ET By John Kicklighter, Currency Strategist strategist@dailyfx.com After two weeks of congestion, the US 2Q GDP revision numbers will bring volatility and the potential for renewed trends. ·...
Written by Antonio Sousa Chief Strategist and John Kicklighter, Currency Strategist • US New Home Sales Rise From a 17 Year Low • Euro Dollar Falls to a 6 Month Low • Pound At 13-Month Low After Weak Mortgage Report •...