Daily Commentary

Market Commentary Tuesday 19 September 2017

Tuesday 19 September  2017

EURUSD

The greenback started the day with a positive tone, up against all of its major rivals amid a better mood within the financial world. The American currency also benefited from the absence of macroeconomic figures that can affect other majors. Stocks were up worldwide, whilst Treasury yields...

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Market Commentary Monday 18 September 2017

Monday 18 September  2017

EURUSD

Despite advancing for a second consecutive day on Friday, the EUR/USD pair closed the week in the red at 1.1946. Friday's advance was backed by soft US data, as August Retail Sales fell by 0.2% from a month earlier, which additionally suffered downside revisions.  In the same month, Industrial...

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Market Commentary Friday 15 September 2017

Friday 15 September  2017

EURUSD

The EUR/USD pair ended the day marginally higher a handful of pips above 1.1900, having posted a fourth consecutive lower low daily basis, this time at 1.1837. The American dollar got a limited boost from local encouraging data, as  inflation rose 0.4% percent in August on a seasonally adjusted...

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Market Commentary Thursday 14 September 2017

Thursday 14 September  2017

EURUSD

After hesitating during the first half of the day, the greenback came back with a vengeance alongside Wall Street's opening, on mounting rumors the US government is stepping on the gas over the long awaited tax reform. There was no official announcement on the matter, with all coming from...

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Market Commentary Wednesday 13 September 2017

Wednesday 13 September  2017

EURUSD

The EUR/USD pair fell to a fresh weekly low of 1.1925 to end the day flat in the 1.1960 region, as dollar´s demand on improved market mood receded in the US afternoon. Still, the greenback enjoyed another positive day, advancing through the first two sessions of the day following the lead of...

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Market Commentary Tuesday 12 September 2017

Tuesday 12 September  2017

EURUSD

The greenback edged higher against most of its major rivals in dull Monday trading,  leading to a  EUR/USD decline down to 1.1956, its lowest since last Thursday, when ECB's Draghi failed to down talk the common currency. The rally was driven my resurgent optimism among investors, as Hurricane...

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Market Commentary Monday 11 September 2017

Monday 11 September  2017

EURUSD

The EUR/USD pair posted its best weekly close for the year, ending at 1.2035, after the ECB' monetary policy announcement on Thursday fueled demand for the common currency. The Central Bank left rates and the QE program unchanged, but in the press conference, head's Draghi reckon that they will...

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Market Commentary Friday 8 September 2017

Friday 8 September  2017

EURUSD

The EUR/USD pair surged to 1.2058, but settled around 1.2000, as a result of the ECB's latest monetary policy meeting. As largely expected, Draghi & Co. left the overnight rate unchanged at record lows of 0.0%, while repeating their stance on maintaining QE until December 2017, or longer if...

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Market Commentary Thursday 7 September 2017

Thursday 7 September  2017

EURUSD

The EUR/USD pair posted another modest advance this Wednesday, ending the day not far below a weekly high of 1.1949 achieved in the US afternoon. The greenback remained under pressure during the first half of the day amid persistent risk aversion, extending its losses during the American...

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Market Commentary Wednesday 6 September 2017

Wednesday 6 September  2017

EURUSD

The American dollar tried to recover some ground this Tuesday, but its tepid gains were interrupted, and in most cases reverted after North Korean Han Tae-song,  ambassador of the Democratic People's Republic of Korea to the United Nations in Geneva, stated that "the recent self-defense...

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Market Commentary Tuesday 5 September 2017

Tuesday 5 September  2017

EURUSD

The greenback opened the week lower against most of its major rivals, maintaining the sour tone all through a quiet day. Escalating geopolitical tensions after North Korea performed a nuclear missile test during the weekend were in the eye of the storm on Monday, moreover on the absence of...

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Market Commentary Monday 4 September 2017

Monday September 4 2017

EURUSD

A really disappointing US Nonfarm Payroll report was not enough to keep the common currency afloat last Friday, resulting in the EUR/USD pair closing the week in the red around 1.1860. The greenback initially plunged across the board with the release, and if fact, remained pressured against most...

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Market Commentary Friday 1 September 2017

Friday September 1 2017

EURUSD

The American dollar ended the day lower against its major rivals after starting the day with a positive tone, amid an extension of the positive market mood seen on Wednesday.  The greenback gain modestly in quiet Asian trading and extended its advance early Europe, helped by a headline coming...

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Market Commentary Thursday 31 August 2017

Thursday 31 August 2017

EURUSD

Dollar's recovery triggered by the sharp comeback of Wall Street late Tuesday, extended all through Wednesday's sessions, resulting in the EUR/USD pair falling to a fresh weekly low in the 1.1880 price zone. Greenback's momentum got an additional boost from solid US data, as the ADP survey...

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Market Commentary Wednesday 30 August 2017

Wednesday 30 August 2017

It was a shaky start to the day, with news that North Korea launched an intermediate-range missile over Japan after Monday's US close triggering risk-aversion, which later spread like wild fire during European trading hours. The EUR/USD pair run up to 1.2069, its highest since January 2015, before finally...

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