UK pound is trading mostly lower today, but it is moving higher against the euro. Sterling is down against many of its major counterparts, but is gaining ground against the euro as concerns about Greece continue to weigh on the 19-nation currency. UK pound is down against the US dollar today, thanks largely in part to policy divergence. The US economic recovery continues apace, while the UK … “UK Pound Trades Mostly Lower – But Higher Against Euro”
Month: March 2015
Yuan Flat After China’s Mixed Economic Data
The Chinese yuan traded almost flat during the European session after economic data from China came out mixed with rising consumer inflation but falling producer prices. China’s Consumer Price Index rose 1.4 percent in February from a year ago, exceeding market expectations. At the same time, the Producer Price Index dropped 4.8 percent, more than analysts predicted. The data gave no edge neither … “Yuan Flat After China’s Mixed Economic Data”
GBP/EUR crosses 1.40 – Good news for UK expats, Spanish
The weakness of the euro, which is most evident against the dollar with near 12 year lows, is also having an impact on the cross-channel currency pair. At the time of writing, EUR/GBP is trading at 0.7134, extending its falls. If we look at the cross the other way around, GBP/EUR is trading above the … “GBP/EUR crosses 1.40 – Good news for UK expats, Spanish”
Here Is The ‘Prescribed Cocktail’ For Weaker EUR/USD –
EUR/USD is falling relentlessly breaking low support and still not finding a bottom. We are aware of the forces moving the pair on the headlines front. But what’s going on behind the scenes? The team at BNP Paribas explains: Here is their view, courtesy of eFXnews: BNP Paribas Global Head of Rates Strategy is drawing attention … “Here Is The ‘Prescribed Cocktail’ For Weaker EUR/USD –”
EUR/USD targets down to 1.05 in 3m, 0.98 in 12m – CS
Euro/dollar continues falling, with 1.08 already seen from above. On this background, the team at Credit Suisse revises down its targets. Here is their explanation as why the meltdown is far from over in the pair: Here is their view, courtesy of eFXnews: For the second time this year, Credit Suisse has revised down its EUR/USD … “EUR/USD targets down to 1.05 in 3m, 0.98 in 12m – CS”
Japanese Yen Reverses Friday’s Gains
The Japanese yen dropped today as it followed the US dollar in reversing Friday’s gains. Economic data from Japan was another reason for the currency to fall as indicators disappointed economists. Japan’s gross domestic product rose 0.4 percent in the fourth quarter of 2014. While the reading was not terrible by itself, showing that the economy emerged from recession, it was not as good as the preliminary estimate and economists’ expectations. The current account … “Japanese Yen Reverses Friday’s Gains”
Euro Bounces vs. Dollar, Analysts Still Skeptical
The euro bounced against the US dollar after reaching a new multi-year low earlier during the Monday’s trading session. The currency also gained on the Japanese yen but was unable to beat the Great Britain pound. Most market analysts believe that the current rally will be short-lived. It is likely that the euro’s rally was a result of profit-taking after the Friday’s massive losses against the US dollar. It is … “Euro Bounces vs. Dollar, Analysts Still Skeptical”
RBA to move on rates in April
The RBA, in a shock decision last week decided to keep interest rates on hold in Australia at a record low of 2,25%, brushing off fears of weak unemployment and poor capital expenditure figures. Before the Announcement, 58% of analysts polled expected the central bank to cut rates to 2.25% Guest Post by Andrew Masters … “RBA to move on rates in April”
“Invest Like Her” Campaign launched by Orbex
Cyprus based Forex broker Orbex announces a special promotion for International Women’s Day in association with other leading forex websites. There are prizes as well. Here is the official press release: Limassol, Cyprus, 13th February 2015 In celebration of the International Women’s Day, Forex broker, Orbex, has launched a campaign in honour of the women in … ““Invest Like Her” Campaign launched by Orbex”
NZ Dollar Unable to Post Gains
The New Zealand dollar bounced after the initial drop earlier today but was unable to log gains as domestic macroeconomic data that came out over the weekend was detrimental to the currency’s performance. Like the Australian dollar, the New Zealand currency rebounded after the drop earlier during the current trading session, but unlike the Aussie the kiwi was unable to move further up from the opening level. One of the reasons for the lackluster … “NZ Dollar Unable to Post Gains”