Over the last week the U.S. dollar has risen moderately. During the same period foreign currencies have drifted lower. The currency that has traders watching closely is the British pound (the oldest world currency still in use at 1200 years). The main reason for the traders interest is the Brexit negotiations which began this week. Whether we see a soft …

Over the last week the U.S. dollar has declined slightly and the Euro FX has firmed.  The major story in the forex markets has been the 300 point drop in the British pound over the last three sessions.  The main factor in the pound weakness was the dismal performance of the Tories under PM May in the June 8 election. …

Over the last two weeks the U.S. dollar has weakened marginally. Foreign currencies have strengthened moderately. Gold has firmed on the softer dollar. U.S. stock indices remain in record high territory. The U.S. monthly employment report last Friday showed weaker than expected growth. This weak report has many traders confused as to what the Federal Reserve will do with interest rates …

The U.S. dollar closed slightly lower on Monday while the Euro FX closed higher.  U.S. equity indices were again higher.  Gold continued its price recovery begun two weeks ago.  Crude oil was also higher in a move that started about ten days ago. Over the last six weeks the U.S. dollar has declined by about 350 points; over the same …

The U.S. dollar fell modestly on Monday. The biggest beneficiaries of the dollar weakness were the commodity dollars – Canadian dollar and Australian dollar.  The Euro FX also gained.  The main factor in the move lower for the dollar has been the multi-day rally in crude oil.  U.S. stock indices were again higher into record territory.  Gold has seen a two …

So the French election occurred on Sunday and the effect on the financial markets of the world was nothing notable.  For many traders and investors the election was a “nothing burger”.  Many traders had expected the election to set off fireworks in many markets: equities, FX, interest rates.  However, nothing of any importance happened.  The U.S. dollar has firmed slightly …

The currency markets were quiet again Monday.  Currency values have been moving sideways for the last week since the French first round voting saw the establishment candidates vanquished.  The biggest feature in financial markets over the last week has been the weakness in the gold market.  The value of gold has declined over forty dollars over the last seven days. Two …

There were fireworks galore in the financial markets on Monday.  The U.S. dollar and the Japanese yen were big losers and the Euro FX was a big winner.  Stock markets in the U.S. and Europe had big rallies also.  Gold was heavily lower. The main driver of the big changes in values was the first round of voting in France. …

The U.S. dollar fell moderately lower Tuesday in a continued corrective move. The euro fx and Swiss franc moved higher. The real star in fx markets today was the British pound. The pound moved strongly higher as traders reacted to the news that Prime Minister May has called for a snap election in the UK for June 8. This news surprised most …

The currency markets were thrown into turmoil late Wednesday afternoon when President Trump said he thought the U.S. dollar was too strong. This sent the dollar much lower and foreign currencies higher. This movement continued on Thursday although the extent of the move was diminished. The effect was more extreme in the U.S. equity markets which moved strongly lower on …