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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

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.

Today’s unemployment report has the markets buzzing. The Dow and S&P both jumped 1% today after the April jobs report came out. Non-farm payrolls rose by 165,000 last month and the unemployment rate fell to 7.5 percent, a four-year low, from 7.6 percent, the government said.

What a difference a couple of weeks make. Only a couple of weeks ago, it would seem like the sky was falling in Europe as Cyprus was on the brink of bringing the Eurozone to its knees. That story did shave a couple cents off the Euro bringing it down all the way to 1.2750 last week Thursday.

Hello again. I apologize for the radio silence. I’ve had a couple of knee surgeries over the past several months that turned out to be more extensive than anticipated.

Going over the Fiscal Cliff in a Barrel. US Fiscal Cliff: Deadlock and Dithering. The Fiscal Cliff Time Bomb is Ticking. Fiscal Cliff Politics As Usual, Who Has A Better Poker Face? Fiscal Cliff Dive. These are a few of the headlines I have seen recently.

Thirteen more days until the Fiscal Cliff deadline. Three more days until the end of the world, at least according to an abstract interpretation of the Mayan calendar. I hope you all have a hand basket handy. On that sunny note, happy Tuesday everyone.

It seems you can’t read or hear the news nowadays without being bombarded about our impending doom about the US economy going over the fiscal cliff. Not to be left out, I thought I would also assail you with my two cents on the subject.

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