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Overnight Range for Major Currency Pairs


 

"Overnight range" refers to time frame beginning 5:00pm PST of the previous day to 7:30am PST of the current day, or from 9:00pm PST on Sundays.  Economic calendar, currency rates, and headlines synthesized from various online sources including Bloomberg, Daily FX, Forex Factory, Yahoo Finance, and CNBC, accessed this morning. If you have any questions or would like to contact Bridge Bank, please email us at foreignexchange@bridgebank.com

The US dollar has given up roughly 3.5% against the Euro this week and, with the firming recovery in the Eurozone weighed against more disappointing economic reports out of the U.S. and fears that the American economy is stalling, this comes as no great surprise. 

More disappointing economic data out of the U.S.

With a great deal of volatility and choppy trading, the week’s activity has revealed an apparent shift in overall positions and a net move lower for the US dollar.  Without any major domestic economic releases or events for the week, USD has taken its lumps from improving overseas data and s

Our beloved World Champion San Francisco Giants played their home opener on Monday only to lose three straight games to the Colorado Rockies and one to the D’backs and now having lost seven straight outings. Putting in a similar performance this week, the U.S.

The Fed’s FOMC Minutes, released on Wednesday, were the focal point of the week as it presented some surprises, and accordingly, some confusion for the foreign exchange markets.  It turns out that Fed policy makers are split (or at least were split as of last Wednesday) regarding the timing

Well, we can’t blame the weather this time; March U.S. Non-Farm Payrolls came in significantly lower this morning at +126K vs.

While the US Federal Reserve did remove the word ‘patient’ from its statement last Wednesday, it is not likely to remove the word ‘cautious’ from their approach to interest rates going forward.

As expected, the US Federal Reserve, in their monthly policy meeting on March 18, removed the term "patient" from their forward guidance leading to increased speculation of an impending interest rate increase.  This potential rate move will of course depend, and place an ever-focused magnify

US equities have been choppy the last few sessions as economic data has been mixed.

Stocks are mostly flat today with the Dow and Nasdaq posting meager gains and the S&P down 2 points as of this writing. The meager gains came 2 days after the Dow closed above 15,000 for the first time ever.

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