Forex - Dollar edges up after slipping on U.S. political concerns

The dollar edged higher against a basket of the other major currencies on Thursday, regaining ground after slipping in the previous session amid renewed concerns over U.S. political uncertainty.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.14% to 93.27 by 03:22 AM ET (07:22 GMT).

U.S. President Donald Trump threatened Tuesday to shut down the government to secure funding to build a wall along the U.S.-Mexican border. He also raised the prospect of pulling out of the North American Free Trade Agreement with Mexico and Canada.

The greenback has weakened recent sessions amid renewed investor concerns about the Trump administration's ability to deliver on its economic policy agenda.

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European markets open in green@22-Aug-2017

European markets opened higher during the early hours of trade on Tuesday as investors awaited the annual central banking conference in Jackson Hole later this week. 
 FTSE 100 index was trading at 7,363 levels, up by 45.76 points, CAC 40 index was trading at 5,116 levels, higher by 28.83 points, while the German DAX was at 12,147 levels, up by 81.63 points. While the pan-European Stoxx 600 was up by 0.4%

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Dollar slips from two-week high before Fed and BOJ meetings

The dollar fell from a two-week high on Monday, with a stronger oil price the chief theme in a market battening down the hatches ahead of central bank policy meetings in Japan and the United States.

Commodity-linked currencies including the Canadian, Australian and New Zealand dollars were all half a percent higher in early trade in Europe as crude rose 1.5 percent on the back of speculation about OPEC production controls.

Moves in the euro, yen and dollar were limited, with investors eyeing the chances of a shift in the Bank of Japan's policy toolkit and a U.S. Federal Reserve statement that points more clearly to a rise in interest rates this year.

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DAILY FOREX SIGNAL: Dollar rises amid new U.S. rate hike hopes

The dollar rose against the other major currencies on Monday, as new hopes for a possible U.S. rate hike before the end of the year lent support to the greenback.

EUR/USD fell 0.26% to 1.1294, off the four-day low of 1.1270 hit overnight.

 GBP/USD rose 0.26% to 1.3107.

USD/JPY gained 0.44% to 100.65, while USD/CHF advanced 0.30% to 0.9631.

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European stocks open mixed in cautious trade; DAX up 0.06%

European stocks opened mixed on Tuesday, as inventors remained cautious ahead of this week’s policy meetings by the European Central Bank and the Bank of Japan.

During European morning trade, the EURO STOXX 50 added 0.07%, France’s CAC 40 slipped 0.21%, while Germany’s DAX 30 inched up 0.06%.
Upbeat U.S. data released that week continued to support expectations for a rate hike by the U.S. central bank in the near future.

While most investors expect the Fed to leave its monetary policy unchanged this week, it could give hints on the timing of future rate hikes.

Market participants were also looking ahead to Friday’s policy statement by the BoJ, amid growing expectations for the announcement of additional stimulus measures.

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Dollar slips lower vs. rivals as sentiment recovers

 The dollar slipped lower against the other major currencies on Thursday, as market sentiment recovered after global growth concerns dampened demand for riskier assets earlier in the week, but the greenback was still within close distance of a four-month high.

EUR/USD edged up 0.09% to trade at 1.1023, pulling away from Wednesday’s one-month low of 1.0979.

Market sentiment improved amid growing speculation major central banks around the world will introduce stimulus measures in order to boost economic growth.

On Thursday, investors were especially looking ahead to the European Central Bank’s policy statement, due later in the day.

Sentiment had weakened after the International Monetary Fund on Tuesday down wardly revised its projection for global economic growth in 2016 to 3.1%, from the prior 3.2%, though expecting a rebound to 3.4% in 2017.

GBP/USD was little changed at 1.3203 after a weak U.K. retail sales report added to concerns over the outlook for British economic growth.

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European stocks surge in risk-on trade, financials lead; Dax up 2.95%

 European stocks surged on Monday, as concerns over a potential British exit from the European Union, or Brexit, eased and as rising oil prices lent support to the energy sector.

During European morning trade, the EURO STOXX 50 soared 3.14%, France’s CAC 40 -rallied 2.76%, while Germany’s DAX 30 surged 2.95%.

Brexit concerns subsided after two opinion polls published on Saturday showed that support for the 'Remain' campaign had regained its lead over a vote to leave, while a third showed momentum shifting in favor of a vote to remain in the 28 member bloc.

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Forex News- Pound touches day’s highs after UK data, gains checked

The pound touched the day’s highs against the dollar on Wednesday after data showing that U.K. industrial output rose at the fastest rate in nearly four years in April.

GBP/USD hit highs of 1.4579 immediately following the release of the data, before pulling back to 1.4531.

The Office for National Statistics said industrial production rose 2.0% in April after a 0.3% increase in March, the largest monthly increase since July 2012.

Manufacturing output rose 2.3% after a 0.1% increase in March, in what was also the fastest monthly increase since July 2012.

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The dollar was trading near one-month lows against a basket of major currencies on Tuesday after Federal Reserve Chair Janet Yellen struck a mixed tone on the outlook for the economy and prospects for higher interest rates.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.17% at 93.88, not far from Monday’s lows of 93.74, the weakest level since May 11.

Speaking Monday, Yellen indicated that the U.S. central bank won’t be raising interest rates until uncertainty over the economic outlook is resolved.

Yellen said she expects the economic recovery to continue but gave no indications on the timing of a next rate increase.

The remarks came after data on Friday showing that the U.S. economy added just 38,000 jobs last month, the smallest increase since September 2010.

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Forex signals: Dollar bulls bruised by payrolls blow, Yellen in focus

The dollar languished at more than three-week lows against a basket of major currencies on Monday after a strongly disappointing employment report prompted investors to rule out the chance of a hike in U.S. interest rates this month.

The dollar index (DXY) stood at 94.161, having been as low as 93.855 on Friday - a level last seen on May 12. It tumbled 1.6 percent on Friday, posting its second biggest one-day drop this year.

The yen also hit a three-year high of 120.83 per euro on Friday before stepping back to 121.50.

The euro held upper hand against the dollar, climbing to its highest in three weeks at $1.1375 on Friday though it has since drifted back to $1.1345.

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