Daily Commentary

Market Commentary Tuesday 10 October 2017

Tuesday 10 October 2017

EURUSD

The EUR/USD pair managed to advance modestly this Monday,  as half a holiday in the US, with Wall Street working, but pretty much everything else closed in the country, keeping majors within limited ranges. The pair ended the day marginally higher around 1.1750...

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Market Commentary Monday 9 October 2017

Monday 9 October 2017

EURUSD

The EUR/USD pair closed down for a fourth consecutive week, ending a busy Friday at 1.1733. The weekly decline was a combination of political jitters in Spain and a dovish stance towards rates from the ECB weighing on the common currency, coupled with solid...

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Market Commentary Friday 6 October 2017

Friday 6 October 2017

EURUSD

After a firm, but soft start to the day, the bid tone of the American dollar gathered momentum in the US session, following strong US data and  hawkish comments from different Fed's speakers. Additionally, the common currency took a hit from the ECB's meeting...

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Market Commentary Thursday 5 October 2017

Thursday 5 October 2017

EURUSD

The American dollar faltered for  a second consecutive day, ending it marginally lower against most of its major rivals, but not far from its recent highs. The greenback eased early Wednesday on headlines indicating that Fed governor Jerome Powell was favored...

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Market Commentary Wednesday 4 October 2017

Wednesday 4 October 2017

EURUSD

The greenback gained ground at the beginning of the day, but changed course in the American afternoon to end the day marginally lower against the EUR. The pair traded as low as 1.1695 on the back of persistent dollar's demand, fueled during Asian trading hours...

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Market Commentary Tuesday 3 October 2017

Tuesday 3 October 2017

EURUSD

It was another rough start to the week for the EUR as the common currency was affected by political jitters in Spain. The Catalonian referendum, which resulted in hundreds injured as the central police clashed with local voters, revived concerns over the...

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Market Commentary Monday 2 October 2017

Monday 2 October 2017

EURUSD

The EUR/USD pair fell for a third consecutive week, ending it a 1.1814 and after trading as  low as 1.1716. The common currency took a dive at the beginning of the week as a result of Angela Merkel's sour victory in the German election, which brought back...

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Market Commentary Friday 29 September 2017

Friday 29 September  2017

EURUSD

The EUR/USD pair closed the day with gains for the first time this week, but below the 1.1800 threshold, around 1.1780, as the market took some profits out of the table from the recent dollar's rally. The greenback eased against all of its major rivals, with...

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Market Commentary Thursday 28 September 2017

Thursday 28 September  2017

EURUSD

EUR/USD's decline continued this Wednesday, with the pair falling down to 1.1716 during US trading hours, to recover partially later, on the back of mixed US data. According to official releases,  Durable Goods Orders bounced from July's slump, up in August...

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Market Commentary Wednesday 27 September 2017

Wednesday 27 September  2017

EURUSD

The greenback ended the day with solid gains against most of its major rivals, partially  bolstered by risk aversion at the beginning of the day, later on demand amid high-yielding rivals' weakness. The common currency was unable to lift its head after the...

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Market Commentary Tuesday 26 September 2017

Tuesday 26 September  2017

EURUSD

The common currency had a rough day, falling down to 1.1832 against the greenback, to end the day not far above the level. The EUR was hit at the beginning of the week by  the outcome of German's election, as Merkel's party got a minor victory, with 33% of...

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Market Commentary Monday 25 September 2017

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Market Commentary Friday 22 September 2017

Friday 22 September  2017

EURUSD

The American dollar spent Thursday giving back part of the Fed's triggered gains, ending the day with uneven results, but down across the board, anyway. The common currency gained in spite of comments from ECB's Executive Board member Peter Praet, who said that the time has no yet come for the...

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Market Commentary Thursday 21 September 2017

Thursday 21 September  2017

EURUSD

Having surged to a daily high of 1.2023, the EUR/USD pair fell following Fed's announcement, seen generally hawkish. Clear indications on how and when they will unwind their balance sheet and three rate hikes still seen for this year, were clearly dollar positive, at least short term. The...

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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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