Analytics

Forex News

Forex

Market wrap: disappoints over lack of fiscal policy from Trump's presser - Westpac

22:00 11 January /2017 Forex

Analysts at Westpac offered a market wrap.Key Quotes:"Global market sentiment: Trump’s eagerly awaited press conference disappointed a market wanting information about fiscal policy. The US dollar and US interest rates fell sharply in response, boosting the AUD and NZD.Interest rates: US 10yr treasury yields fell sharply after the Trump press conference, from 2.39% to 2.33%, while. 2yr yields fell from 1.20% to 1.15%. Fed funds futures shifted the next fully priced rate cut from June to July.Currencies:  The US dollar index is 0.5% lower, having risen in the leadup to the press conference and fallen sharply afterwards to a one-month low. EUR initially fell from 1.0550 to 1.0454 but then jumped to 1.0623 post-Trump. USD/JPY rose from 116.50 to 116.87 before falling to 114.26 – a one-month low. AUD rose from 0.7352 to 0.7472 post-Trump. Outperformer NZD similarly jumped from 0.6961 to 0.7088. AUD/NZD ranged sideways between 1.0530 and 1.0570."

to other news

all news
AUD/JPY risk limited near 100-SMA; risk-on towards 90.00 Jose Ricaurte Jaen

As the NA session ends, AUD/JPY traded at 86.82, up +0.95% on the day, having posted a daily high at 87.07 and low at 85.94. The currency cross continues a 2-day winning streak as investors and traders await Trump's inauguration ceremony to cheer o

02:23 20 January /2017 Forex

AUD/USD consolidated awaiting Trump's inauguration Ross J Burland

Currently, AUD/USD is trading at 0.7558, down -0.02% on the day, having posted a daily high at 0.7566 and low at 0.7556.AUD/USD has been consolidating on the 0.75 handle with some two-way business ahead of Trump's inauguration tonight  while the US

02:23 20 January /2017 Forex

Markey wrap: markets are awaiting Trump’s inauguration and speech - Westpac Ross J Burland

Analysts at Westpac offered a market wrap.Key Quotes:"Global Market Sentiment: Markets are awaiting Trump’s inauguration and speech. USD and US yields display solid support after Philly Fed’s business survey affirmed the broad strength in yesterday’s Fed’s Beige Book. Draghi stated

01:23 20 January /2017 Forex