![August 2014 US and European Markets Outlook [Video]](https://investinearth.org/wp-content/uploads/2014/08/Fotolia_545242_XS-351x185.jpg)
In this short video, Nicholas Puri, Director of PuriCassar AG, covers the key geopolitical and economic themes from the US and European markets in July 2014, as well as discussing what to expect in August.
Month: August 2014
Greenback Gains Across the Board
US dollar is gaining against its major counterparts today, heading higher ahead of data releases. Greenback is higher today, and the US dollar index is gaining ground. Many expect that economic data will show that the US economy continues to strengthen. Even though the dollar lost some ground toward the end of last week, with disappointing jobs data pulling the greenback lower, this week … “Greenback Gains Across the Board”
UK Pound Fights Back in Currency Trading
The last week has been a bit humiliating for the UK pound, with persistent losses against major currencies. However, there appears to be some relief in sight for the embattled pound. The currency is gaining a little bit of ground today — at least against the euro. Last week, the sterling was lower against many of its major counterparts, including the euro, which has its own problems. There are still issues with … “UK Pound Fights Back in Currency Trading”
EUR/USD: Trading the ISM Non-Manufacturing PMI August 2014
The ISM Non-Manufacturing PMI (Purchasing Manager Index) is based on a survey of purchasing managers in sectors other than manufacturing. Respondents are surveyed for their view of the economy and business conditions in the US. This important economic indicator is released during the first week of every month. Update: ISM Non-Manufacturing PMI jumps to 58.7 – USD … “EUR/USD: Trading the ISM Non-Manufacturing PMI August 2014”
Euro Falls Ahead of This Week’s ECB Meeting
Euro is down pretty much across the board today, thanks in large part to the fact that many expect that the ECB will not be releasing any sort of euro-supportive message after its meeting later this week. Also weighing on the euro is the latest banking scandal in Portugal. Even though the eurozone saw its PPI rise in June, the 18-nation currency is struggling in Forex trading today. Indeed, … “Euro Falls Ahead of This Week’s ECB Meeting”
Canadian Dollar Mostly Unchanged
Canadian dollar is mostly unchanged today, making no major moves higher or lower against its major counterparts. After last month, it appears that there is some consolidation in the currency market as Forex traders consider their options and think about the most recent data. Loonie is rangebound and a bit mixed today, thanks in large part to a pause taken as a new month gets underway. US data … “Canadian Dollar Mostly Unchanged”
Bloomberg News ranks FXStreet’s Twitter profile among the top
By Mike Fox FXStreet News is ranked top worldwide among Twitter users of currency-market analysis, according to data compiled by Bloomberg based on followers, retweets and frequency of posts being tagged as a … Source: Leap Rate
Dollar Rallies to Weekly Gain, Rally Comes to Halt
This week was rather volatile and unpredictable for the US dollar. While it started favorably for the greenback, the currency’s rally came to halt by the end of the week due to some disappointing economic releases, most importantly worse-than-expected economic data. The dollar started the week on a strong footing as the theme of risk aversion dominated the Forex market and traders were speculating that positive economic data from the United States should encourage the Federal Reserve sooner. … “Dollar Rallies to Weekly Gain, Rally Comes to Halt”
Czech National Bank Keeps Koruna Cap Intact
The Czech koruna rose against the euro today after falling yesterday as the nation’s central bank kept interest rates near zero and left the cap on the currency intact during its policy meeting. The koruna rose together with other most-traded currencies against the dollar. The Czech National Bank decided to keep its main interest rate at the technical zero (0.05 percent) yesterday. The central bank remains concerned that inflation slows … “Czech National Bank Keeps Koruna Cap Intact”
EUR/USD & EUR/GBP Rally, EUR/JPY Unable to Keep Gains
The euro rallied against the US dollar with help of disappointing US non-farm payrolls. The currency also gained on the pound as data from Great Britain was not good either. Against the Japanese yen, the euro rallied intraday but gave away gains as of now. Manufacturing data from Europe was somewhat disappointing, at least to euro bulls, as it missed analysts’ predictions. Yet it was not completely bad, just … “EUR/USD & EUR/GBP Rally, EUR/JPY Unable to Keep Gains”