US Dollar Soars, Led by AUDUSD and GBPUSD Declines

The US dollar surged in overnight action, led by a “mini” collapse in GBPUSD.  Sterling dropped from 1.4219 to 1.4162 in London, after another...

Weak UK Data Sinks Sterling

Sterling got clobbered when a series of UK economic reports were weaker than expected.  UK March CPI rose 2.3%, y/y below the forecast of...

Shallow Correction May Bode Well for EURUSD Bulls

New York opened with the European based currencies plunging, thanks to a mix of Central bank speak, and weaker-than-expected economic reports. EURUSD dipped following the...

Sterling Firms Ahead of UK Employment Data

A late winter storm and a major one at that, rattled the Northeastern US and Canada, bringing snow, ice, rain, and high winds to...

Looking Forward to a Lively Week in FX

By Michael O'Neill The US dollar finished the week in New York with gains for the day but losses for the week.  The greenback was...

Testy Trade Talk Toned Down

Currency markets were all over the map in a lively but ultimately forgettable trading session.  Headlines and tweets dictated direction and traders responded like...