All posts by Marvin Perry
FOMC Meeting Minutes Reveal A Favorable Economy
Within the hour following the release of January’s FOMC meeting minutes, we have witnessed a bout of volatility that has shifted risk assets from maintaining a positive position for the day, but now towards risk aversion and slight concern about the effects of inflation. In January’s meeting minutes, which was Janet Yellen’s last meeting as […]
Continue readingTechnical Outlook For The US Dollar Index
For the past few months, the US Dollar has been tumbling lower, due to a combination of political uncertainty in the United States, and improving economic sentiment in the Eurozone. Recent activity in US Dollar Index daily chart reveals that price has fallen into a weekly demand zone between 88.40-88.70, and appears to be forming […]
Continue readingNon-Farm Payrolls Data Is Not Good For All
The US dollar is currently benefiting from today’s news and market headlines concerning the monthly Non-Farms Employment Data , US Unemployment rate, and Average Hourly Earnings rate. The data is showing that the US economy is becoming more healthier & stronger. But, we are seeing the opposite response in risk markets, as investor rotate out […]
Continue readingGold and US Dollar modestly unchanged With No FOMC Surprise
The outcome of today’s Federal Open Market Committee’s (FOMC) statement was to no surprise for many investors, as the FED did what was expected and kept interest rates and the U.S. monetary policy unchanged. This was Fed Chairwoman Janet Yellen’s final FOMC meeting as presiding Chair of the Federal Reserve. The statement provided an upbeat […]
Continue readingSenator Marco Rubio Sends US Dollar Higher on Tax Vote
As we draw closer to the holiday season and the end of the 2017 year, it is typical to witness a mild liquidity drain as market participants pull away from their trading platforms and prepare for the new year of trading. Whenever there is a thinning in market volume, any shifting news headline released to […]
Continue readingAUD/JPY Technical Analysis Following RBA Comments
The Aussie may be poised for a momentary bout of weakness following statements from the RBA (Reserve Bank of Australia) which revealed concerns that a strong Aussie would delay or lag the pickup in both economic growth and inflation for the Australian economy. For most of this year, the RBA has been worried about the […]
Continue readingNew Zealand Dollar Weakness May End Soon
Post the 2017 New Zealand General Election back on September 23rd, The New Zealand dollar still continues its descent into further bear territory spawned by an unexpected turn of events from this year’s elections. The incumbent National Party was clearly leading in the polls and was expected to have the majority of votes prior to […]
Continue readingGBPJPY Technical Analysis: Buyers Extend Range To Upside
Our GBPJPY technical analysis findings appear to show signs of perseverance within the currency market as today’s price action reveals renewed interest to rally to the upside, after weakening and finding demand (buyers) within a major zone of support on the daily chart at 147.30, which was also the session low for the day. […]
Continue readingBrief Thoughts On The US Dollar For The Week
As global equities or stock indicies continue to be on the rise, we’re seeing a prolonged pursuit of yield, which is indicative of a highly “risk appetite” environment. As bond markets continue to weaken and the slide in the dollar continues, this type of market action is supportive of more demand in equities or higher […]
Continue readingWeak First Quarter GDP As US Consumers Cut Spending
The 2017 First Quarter US GDP reading came in much weaker than anticipated by market analyst, and this number is a potential hurdle for President Donald Trump who promised a boost in economic growth during his presidency. There was already a broad consensus that growth would slow down to a rate of 1.3%, following last […]
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