Donald Trump's first address to Congress last night was expected to inject more volatility into the markets. However he was beaten to the punch by New York Fed President William Dudley, who said in an interview shortly before the US President's speech that he sees a Fed rate hike in the 'relatively near future' - sending…
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The Euro is suffering as Marine Le Pen basks in promising poll results, but will the polls be accurately reflected in the ballot box?
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Two very important speeches on the horizon today which are likely to affect FX markets, and in particular the GBP. British PM Theresa May will speak outlining the official UK government position on Brexit. And China's Xi Jinping will become the first Chinese leader ever to address the annual Davos World Economic Forum, ironically as an…
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Yesterday's 25 basis point rate hike by the US Fed was not exactly a surprise, yet the Fed's move clearly wasn't fully baked into the currency markets. Since the rate move the benchmark EURUSD has dropped by nearly 2% from the 1.065 range to below 1.05. It now looks like we may be heading toward…
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Italians have voted 'No' to constitutional reform, but it is hardly the sweeping rejection of Europe and the euro that many commentators have implied.
Read moreJohn Hardy, Head of FX Strategy at Saxo Bank, takes a look at last night's US Presidential debate and what is has meant for FX trading today and beyond. More of John’s research can be seen at Saxo Bank’s TradingFloor.com. [divide] FX Update: Presidential debates wash over FX Clinton and the Mexican peso emerge as…
Read moreAfter a brief recovery last week which ended with Boris Johnson's withdrawal from the race to replace David Cameron as British Prime Minister, the British Pound continued downward on Tuesday setting post-Brexit lows in the 1.31 range (as at time of writing the GBPUSD Cable trade was at 1.3170). What is going on? Saxo Bank’s Head…
Read moreThe UK referendum can be traded, but according to Saxo Bank's John Hardy spot forex is not the place to do so.
Read moreJohn Hardy, Head of FX Strategy at Saxo Bank, takes a look at today's steep drop in the Australian Dollar and the day's other key events and indicators. More of John's research can be seen at Saxo Bank's TradingFloor.com. [divide] The Aussie was ripped for steep losses overnight on a weak CPI print that gapped…
Read moreJohn Hardy, Head of FX Strategy at Saxo Bank, takes a look at the week ahead in FX trading.
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