by simplymacrostrategy | Mar 23, 2018 | Uncategorized
United States Dollar (USD) The couple of days since the FOMC meeting on Wednesday evening have certainly been quite lively. The initial reaction to the rate hike, Statement and Press Conference was to buy stocks and sell the Dollar. The USD index against a basket of...
by simplymacrostrategy | Mar 23, 2018 | Uncategorized
British Pound (GBP) The GBP has had a pretty volatile couple of days. Yesterday morning in Europe, the pound traded up to a near 3-week high of 1.4175 immediately before the retail sales data were published and then reached an intra-day high just under 1.42 as the...
by simplymacrostrategy | Mar 22, 2018 | Uncategorized
Australian Dollar (AUD) As a perfect cocktail for a lower Aussie Dollar, simply mix together higher US short rates, a fall in the gold price, 700 points off the Dow Jones Average and a two-point jump in the VIX. Sprinkle on some weaker local economic data and it makes...
by simplymacrostrategy | Mar 22, 2018 | Uncategorized
United States Dollar (USD) Late on Tuesday evening, the USD index against a basket of major currencies was back at 90 for the first time in almost three weeks. Wednesday saw the USD slip around a quarter of a point to 89.75 before the Fed announcement and then extend...
by simplymacrostrategy | Mar 22, 2018 | Uncategorized
British Pound (GBP) Although on Tuesday GBP/USD couldn’t maintain its hold on a 1.40 handle, yesterday it traded as high as 1.4075 ahead of the FOMC and was up against four of the five other currencies we track closely here. The exception was the Canadian Dollar, with...
by simplymacrostrategy | Mar 21, 2018 | Uncategorized
Australian Dollar (AUD) In Wednesday’s trading ahead of the FOMC announcement, the Aussie Dollar very marginally extended Tuesday’s losses against the US Dollar. AUD/USD broke through the previous evening’s low of 0.7680 but fell only a few pips more to a lowest level...
