Market News
Morning Commentary & Currency Insights – May 31, 2018
- May 31, 2018
- Posted by: Joey Benedid
- Category: Market News
No CommentsThe Dollar Index is down again this morning as other majors have been rebounding after seeing multi-month lows throughout the week. Trump applied a 25% tariff on imported steel and 10% on aluminum back in March, but granted Canada, Mexico and the EU reprieve until June 1st. NAFTA negotiations are not progressing as many had
Morning Commentary & Currency Insights – May 30, 2018
- May 30, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar Index is down 0.55% to 94.30, moving away from the seven month highs we saw on Tuesday. Trade concerns have resurfaced with China as Trump made an unexpected comment yesterday indicating that the US still held the threat of imposing tariffs on $50 billion worth of imports from China, attempting to leverage this
Morning Commentary & Currency Insights – May 29, 2018
- May 29, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar Index did not skip a beat coming back from the US long weekend as it traded as high as 95.03, the highest levels we’ve seen since November of last year. This is primarily due to EUR weakness following the ongoing political concerns within the Eurozone. It appears now that the US-North Korean Summit
Morning Commentary & Currency Insights – May 28, 2018
- May 28, 2018
- Posted by: Joey Benedid
- Category: Market News
With Memorial Day weekend upon us, the US will observe a bank holiday today. Despite the long weekend, Trump was still in action stating that a US team had entered North Korea to reengage in talks surrounding the proposed Summit with Kim Jong Un. With nothing on the calendar for the US today, things will
Morning Commentary & Currency Insights – May 25, 2018
- May 25, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar is flat as investors are still digesting the Fed minutes from Wednesday. The dovish tone caught some people by surprise and has been limiting Dollar gains since. The Fed indicated that they are comfortable with another hike, but they are willing to allow inflation to carry above the 2% target for a while.
Morning Commentary & Currency Insights – May 24, 2018
- May 24, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar Index is down almost 0.3% this morning following yesterday’s Fed minutes as investors picked up on slightly dovish tones from the Fed. The notes indicated that another rate hike is reasonable (expectations are that they will hike at the June 13th meeting), however the Fed would allow for inflation to carry above its
Morning Commentary & Currency Insights – May 22, 2018
- May 22, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar Index has fallen 0.19% since seeing five month highs late last week. Investors looked to take profit on the dollar following an impressive rally over the course of the last week and a half. Over the weekend the US and China furthered trade talks as China announced that they would reduce their import
Morning Commentary & Currency Insights – May 16, 2018
- May 16, 2018
- Posted by: Joey Benedid
- Category: Market News
The dollar continues to see gains across the board as the Dollar Index inched to the highest levels since mid-December on the coat tails of 10-year treasury yields reaching as high as 3.09%. Yields came off those highs, but they were the highest levels we’ve seen in seven years. Yields have been climbing following the
Morning Commentary & Currency Insights – May 15, 2018
- May 15, 2018
- Posted by: Joey Benedid
- Category: Market News
The dollar is up this morning following the lull we saw over the last few trading days. Global trade tensions and US Treasury yields reaching above 3% again are helping the dollar reverse the slide. Yesterday Trump stated that he would remove the ban on Chinese company ZTE from purchasing key tech components from American
Morning Commentary & Currency Insights – May 14, 2018
- May 14, 2018
- Posted by: Joey Benedid
- Category: Market News
US-China trade tensions appeared to ease over the weekend as Trump took to Twitter to say that ZTE Corp is allowed to get back to business following policy that banned the Chinese company from purchasing American tech for seven years. Chinese Vice Premier Liu He will be traveling to the US on Tuesday to