Market info

Forex Major Currencies Outlook (Mar 18 – Mar 22)

USD

Advanced retail sales form the month of January came in 0.2% m/m vs 0% as expected. Ex auto category came in at 0.9% m/m vs 0.3% m/m as expected and control group, which has influence on inflation, came in at 1.1% m/m vs 0.6% m/m as expected.

Forex Major Currencies Outlook (Mar 11 – Mar 15)

USD

ISM Non-Manufacturing index came in at 59.7 vs 57.4 as expected with prior reading showing 56.7. 

Forex Major Currencies Outlook (Mar 4 – Mar 8)

USD

Over the weekend President Trump has opted to postpone a tariff hike on Chinese imports stating that positive progress has been made in on-going negotiations.

Forex Major Currencies Outlook (Feb 25 – Mar 1)

USD

FED’s Williams stated that rates are already at neutral level. It is a sign that the FED will be in no rush to hike.

Forex Major Currencies Outlook (Feb 18 – Feb 23)

Please note that President’s day is on Monday Feb 18, financial institutions will not be working therefore liquidity in the markets will be lower which can lead to volatile movements.

USD

CPI for the month of January came in at 1.6% y/y vs 1.5% y/y as expected with prior reading being 1.9% y/y and 0% m/m vs 0.1% m/m as expected. 

Forex Major Currencies Outlook (Feb 11 – Feb 15)

USD

ISM Non-Manufacturing PMI came in at 56.7 vs 57.1 as expected.

Forex Major Currencies Outlook (Feb 4 – Feb 8)

USD

The US Congressional Budget Office lowered its estimates of the US fiscal deficit for the 2019 fiscal year. They now see the deficit at $897 billion compared to the $981 billion deficit in the April estimate. That's 4.2% of GDP instead of 4.6%. The cost of government shutdown has been projected at $11bn.

Forex Major Currencies Outlook (Jan 28 – Feb 1)

USD

IMF cut the global growth forecast to 3.5% for 2019 which is the lowest in 3 years; they see growth in 2020 to be at 3.6%. 

Forex Major Currencies Outlook (Jan 21 – Jan 25)

On Monday most banks and financial institutions will be closed in the US due to Martin Luther King’s day so liquidity in the markets will be thinner than usual, causing higher spreads and more volatile movements.

USD

FED’s George, who is the most hawkish member of the FED, also acknowledged that FED can be patient and wait with rate hikes.

Forex Major Currencies Outlook (Jan 14 – Jan 18)

USD

December non-manufacturing PMI came in at 57.6 vs 59.0 as expected with prior reading being 60.7. Reading is a five-month low and the only bright point is that new orders ticked up higher.