The euro dropped quite a lot against the dollar in 2014. What’s on the road ahead for the upcoming 2 years? The team at Citi take a long term view: Here is their view, courtesy of eFXnews: CitiFX Technicals is out with a very interesting long-term chart for EUR/USD suggesting that the pair should find … “EUR/USD: Targets On Long-Term Charts – Citi”
Month: November 2014
Dollar Caps Mixed Week & Good Month
The US dollar demonstrated mixed performance this week. The currency fell against the euro, gained versus the Japanese yen and ended the week flat against the Great Britain pound. The month of November, on the other hand, was very good for the US currency as it gained against most major peers. Analysts expected the dollar to be strong this week. Yet the currency did not adhere to forecasts as disappointing macroeconomic data led to weak … “Dollar Caps Mixed Week & Good Month”
EUR/USD Ends Friday with Losses, EUR/GBP & EUR/JPY Rally
The euro fell against the US dollar on Friday, extending its Thursday’s drop. The currency was stronger against its other major counterparts, rallying against the Great Britain pound and the Japanese yen. The eurozone zone inflation was at 0.3 percent in November, in line with expectations. It was a decline from the October’s figure of 0.4 percent. Other Friday’s reports were a mixed bag. For the most part of the week, it looked like … “EUR/USD Ends Friday with Losses, EUR/GBP & EUR/JPY Rally”
Canadian Dollar Remains Under Pressure Despite Rising GDP
The Canadian dollar ended today’s session with losses even though Canada’s economy demonstrated growth in September following the previous month’s decline. It looks like the currency remains under pressure from yesterday’s OPEC announcement. Canada’s gross domestic product expanded 0.4 percent in September on a monthly basis following the 0.1 percent decline in August. GDP grew 0.7 percent in the third quarter. Other economic indicators were not … “Canadian Dollar Remains Under Pressure Despite Rising GDP”
Aussie Follows Footsteps of Kiwi
The Australian dollar followed the footsteps of its New Zealand counterpart, failing to rally against the US dollar yesterday and trimming today’s losses. The currency also rallied versus the Japanese yen. The Aussie performed strikingly similar to the kiwi. Unlike New Zealand, Australia provided good macroeconomic indicators both yesterday (with rising capital expenditures) and today (with growing private sector credit). Yet this did not affect the performance of the Aussie, … “Aussie Follows Footsteps of Kiwi”
NZ Dollar Trims Losses
The New Zealand dollar fell against its US peer today despite positive domestic reports but trimmed its losses by now. Yesterday, the currency attempted to rally but failed. The kiwi managed to gain on the Japanese yen. With the rising number of building permits and the improving business confidence, one might expect that the New Zealand dollar would rally, but this did not happen (at least not against the US … “NZ Dollar Trims Losses”
The oil slide will self-correct, eventually…
How low can oil go? In the short-term, it is anyone’s guess. But in the medium to long term, I suspect we’re close to a bottom. Why? Guest post by Jamie Coleman Because the sources of new crude like hydraulic fracturing (fracking) now being used with great success in the US, and the Alberta tar … “The oil slide will self-correct, eventually…”
US Dollar Index Gains Ground as Commodities Fall
US dollar index is heading higher today, gaining ground as commodities fall. While the US dollar is mixed in trading with individual currencies, the dollar index, which measures the greenback’s performance against a basket of currencies, is heading higher. The US dollar is trading mixed today, heading lower against the euro, but gaining against the pound and the yen of its major counterparts. As expected, the US dollar is also … “US Dollar Index Gains Ground as Commodities Fall”
Holiday trading, UK elections impact on BOE, US data run
Markets are different during the holiday season that just began. How should you react? We begin with this topic and then talk about things that do move markets: the US data and especially GDP that look more complicated than earlier, the UK elections that already have an impact on the BOE and the pound and China’s rate … “Holiday trading, UK elections impact on BOE, US data run”
The Case For Staying Short on EUR Into Next Week’s
Inflation is digging lower into the bottom and the falling prices certainly don’t help. Can the ECB do something? The team at BNP Paribas has a clear answer: Here is their view, courtesy of eFXnews: All eyes will be on the ECB meeting on Thursday following comments from the Governing Council which have been mixed, … “The Case For Staying Short on EUR Into Next Week’s”