Forex Traders Weekly Outlook – Pound at 1985 Lows Heading into FOMC, Bank of England and BoJ

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Currency dynamics are complex. There are myriad facets to analyze and contemplate. Heading into a week saturated with central bank decisions the US dollar continued another week higher over major and minor currencies globally fueled by rising US interest rates. The yen and won fell to fresh historical lows against the dollar with verbal BoK … Continue reading “Forex Traders Weekly Outlook – Pound at 1985 Lows Heading into FOMC, Bank of England and BoJ”

Forex Traders Weekly Outlook – Intervention Noise Grows Louder with Rampaging US Dollar

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Currency dynamics are complex. There are myriad facets to analyze and contemplate. The US dollar is running ram shod over major and minor currencies globally fueled by rising US interest rates. The yen fell to a fresh 24-year low against the dollar and speculation is at fever pitch for direct BoJ intervention, the euro and … Continue reading “Forex Traders Weekly Outlook – Intervention Noise Grows Louder with Rampaging US Dollar”

Liz Truss New British PM as Pound Hits Lowest Level Against U.S. Dollar Since 1985

The British pound hit its lowest level against the U.S. dollar since 1985 as the U.K.’s dismal economic situation spirals out of control. GBPUSD fell as low as $1.1443 before recovering to trade up 0.1% midday London time Monday after Liz Truss was declared leader of the Conservative Party and the next British Prime Minister. Sterling collapse is a flow on from the U.S. dollar rally which has driven the euro and Japanese yen hit twenty years plus highs. The … Continue reading “Liz Truss New British PM as Pound Hits Lowest Level Against U.S. Dollar Since 1985”

People’s Bank of China Moves to Slow Chinese Yuan Collapse

The PBoC on Monday moved to support the Chinese Yuan, or Renminbi as it also known as it continues to crumble. China’s central bank said it would cut the foreign-exchange reserve requirement ratio by 2 percentage points to 6% from Sept. 15. The move releases around $19 billion into China, saving Chinese bank needing to sell yuan to buy that amount of foreign currency. Ahead of the move the yuan is trading around a 2 year low of 6.94 per … Continue reading “People’s Bank of China Moves to Slow Chinese Yuan Collapse”

Forex Weekly Outlook – Geopolitics and Dollar Pushes Euro and Yuan Through Extremes

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Currency dynamics are complex. There are myriad facets to analyze and contemplate. The dollar’s rally has gathered pace in the fallout from Jackson Hole. China’s Yuan, Japanese Yen and the Euro have seen significant moves given their geopolitical dynamics. The Yuan slipped to a two-year low of 6.923 Monday and ended August with a … Continue reading “Forex Weekly Outlook – Geopolitics and Dollar Pushes Euro and Yuan Through Extremes”

Forex Weekly Outlook – Inflation Adding More Pressure on Euro and Pound

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Currency dynamics are complex. There are myriad facets to analyze and contemplate. The widening interest rate differential between the U.S. and Europe and the UK is adding pressure on the Euro and Pound which in turn is adding to inflation pressures thereto. The weak euro in turn exacerbates a surge in energy costs. The … Continue reading “Forex Weekly Outlook – Inflation Adding More Pressure on Euro and Pound”

Forex Weekly Outlook – Commodity Currencies Surge on Peak Inflation Theories

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Currency dynamics are complex. There are myriad facets to analyze and contemplate. The US dollar pulled back this week after softer-than-expected CPI and PPI inflation data out of the U.S. Commodity linked currencies surged. The South African rand increased 3.8%, the New Zealand dollar rose 3.6% and the Australian dollar rallied 3.0%. The inevitable … Continue reading “Forex Weekly Outlook – Commodity Currencies Surge on Peak Inflation Theories”

Forex Weekly Outlook – US Dollar Surge Reversed in July vs JPY, CHF, CAD, AUD and NZD

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Currency dynamics are complex. There are myriad facets to analyze and contemplate. The rise in the US dollar continued with the dollar index as a measure, but even then, well off its highs. A good reminder that Foreign Exchange pertains to individual currency situations. The DCX index is weighted more toward the Euro and … Continue reading “Forex Weekly Outlook – US Dollar Surge Reversed in July vs JPY, CHF, CAD, AUD and NZD”

Australian ASX 200 Snaps Three Month Losing Streak in July with Aussie at Six Week High

The Australian share market broke a three-month losing streak with a 5.7% rise in July. The ASX 200 closed July on a seven-week high at 6945.2. Markets climbed a wall of worry in July with the worlds’ central banks raising rates as they fought to tighten against rising inflation. The month saw an onset of technical recession in the US, falling retail turnover reported by the ABS and Treasurer Jim Chalmer’s warning on Thursday of an economic slowdown. The Reserve … Continue reading “Australian ASX 200 Snaps Three Month Losing Streak in July with Aussie at Six Week High”

Forex Weekly Outlook – US Dollar Strength Fueling Emerging Markets Credit Contagion

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Currency dynamics are complex. There are myriad facets to analyze and contemplate. The rise in the US dollar continues with Euro striking parity for the first time since 2002, and the strongest against the yen since 1998. The Bloomberg Dollar Spot Index hit its highest level on record, eclipsing the peak from the Covid-19 … Continue reading “Forex Weekly Outlook – US Dollar Strength Fueling Emerging Markets Credit Contagion”