Forex Consulting

USD sellers prevail as we wait on NA desks to fully kick in

USD selling plus CHF and JPY demand the story of the last hour or so 9 Nov In that time we’ve seen USD sellers prevail with USDJPY falling to 113.25 from 113.55, USDCHF down to 0.9645 from 0.9685 and USDCAD 1.2690 from 1.2730. It’s EURUSD though that’s captured the attention making solid gains and set to post biggest daily rise…

Forex Consulting

US Sept wholesale trade sales +1.3% vs +0.9% expected

Wholesale trade sales data for September – Prior was +1.7% (Revised to +1.9%) – Inventories +0.3% vs +0.3% expected – Prior inventories +0.3% It’s a low tier indicator but it’s more good news for the US economy. Don’t expect an FX reaction with the market focused on taxes but it’s part of the broader US-dollar…

Forex Consulting

Crude oil futures settle at $57.17 per barrel

Higher on the day Saudi political shakeup is being cited as the reason for the rise. Of note was that the DOE reported yesterday that US production surpassed 2015 high production levels.  That ran counter to the rig count last week that saw a dip in rigs.   Copyright 2015 Forexlive.com

Forex Consulting

US dollar storms back

US dollar erases earlier losses The US dollar is now nearly flat on the day as Treasury yields continue to tick higher. The market is betting on Congress getting something done on tax reform. There’s also this strange idea that White House will never allow the stock market to fall, so even the 13-point dip…