US dollar was solf off aggressively over the last six weeks although key economic data was better than expected. Before Yellen speech USDJPY touch 101.40 zone, a very strong support…
UK Markit Services PMI data exceed expectation and GBPUSD finally hit 1.70, the highest level since 2009
UK Markit Services PMI in April marked 58.7 vs. 57.6 as expected with employment component rising to 56 from 53.5 – its best level since October 2013 GBPUSD finally hit…
China Manufacturing PMI missed expectation and Ukraine crisis escalating
Key news move the market during of Asian trading session today: China HSBC Manufacturing PMI of April increased to 48.1 from 48.0 of March but still below 50 and missed…
Nonfarm payroll was good but totally failed to support USD. Why?
When US Job reports first released, the whole financial market was impressed by the data and reacted immediately, pushing US dollar sharply higher agains all of the major currencies as…
Key points taken from FOMC meeting
Following are key points taken from FOMC meeting, as discussed between voting members Rates leave unchanged Decision was unanimous approved Taper continue – buying bond by another $10bil to $45bil…
Ukraine tension is easing?
Interfax news service reported that Russian troops on the Ukraine border have returned to their base. However, there is a question if this move represented a real attempt by Putin to ease…
Market is moving follow Ukraine news
Ukrained tensions is escalating and risk adversion is dominating the market now. President Putin warned Ukraine against continuing its anti-separatist offensive after Ukraine government troops killed five rebels and prompted…