The Australian dollar fell during the Thursday’s trading session as economic data from both Australia and its biggest trading partner, China, pushed the currency lower. The Aussie managed to erase losses versus the US dollar and the Japanese yen but retained soft performance against the euro. The HSBC Flash China Manufacturing Purchasing Managersâ Index fell from 49.6 in March to 49.2 in April while analysts promised it to stay almost unchanged. … “Aussie Pares Losses vs. Greenback & Yen, Remains Soft vs. Euro”
Month: April 2015
Swiss Franc Recovers from Yesterday’s Shock
The Swiss franc rallied today following yesterday’s big drop. The currency declined on Wednesday after the Swiss National Bank narrowed the range of deposits that are exempt from negative interest rates. The SNB announced yesterday: The Swiss National Bank (SNB) has completed its review of exemptions, and has considerably reduced the group of sight deposit account holders that are exempt from negative interest. The announcement led to a huge decline … “Swiss Franc Recovers from Yesterday’s Shock”
Interest Rate Speculations Send NZ Dollar Tumbling
The New Zealand dollar sank today against other major peers due to speculations that the Reserve Bank of New Zealand is not going to raise interest rates and may even perform a rate cut. Reserve Bank assistant governor Dr John McDermott said that the central bank is not considering raising borrowing costs currently: Before considering any tightening in monetary policy we would need to be … “Interest Rate Speculations Send NZ Dollar Tumbling”
Euro Remains Mostly Higher, Even After Disappointing PMIs
Euro is faltering a bit after the recent release of PMI data, but the 19-nation currency is still mostly higher right now. Concerns about the state of the eurozone recovery could undermine the euro in the coming days, however. Right now, the euro is higher against most of its major counterparts. The euro has been seeing some strength, thanks to higher stocks in the Europe and the prospect of economic recovery, along with a solution … “Euro Remains Mostly Higher, Even After Disappointing PMIs”
Dollar Index Slips as Forex Traders Reset
US dollar index is slipping today as forex traders reset their positions, and as the euro gains ground on the prospect that Greece might actually make it through 2015. Even though the US dollar is trading mostly higher against its major counterparts, the dollar index is lower today. Forex traders are consolidating some of their positions and considering what might be ahead later in the year. Speculation about … “Dollar Index Slips as Forex Traders Reset”
EUR/USD: Trading the German IFO Apr 2015
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the German IFO Apr 2015”
EUR/USD: USD To Strike Back – Nordea
EUR/USD has been weakening due to weaker euro-zone data, and that is a change after many positive surprises. And now, the pair may have more room to fall with the greenback taking the driver’s seat. Here is the view from Nordea: Here is their view, courtesy of eFXnews: The USD has fared well despite the … “EUR/USD: USD To Strike Back – Nordea”
EURUSD: Bearish Below The 1.0848 Level
EURUSD: While the 1.0848/86 zone remains as resistance our outlook on EUR remains to the downside. Resistance is seen at 1.0800 level with a cut through here opening the door for more downside towards the 1.0848/86 levels. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Its daily … “EURUSD: Bearish Below The 1.0848 Level”
Pound Leaps After BoE Releases Policy Minutes
The Great Britain pound was exceptionally strong on Wednesday after the release of the Bank of England policy minutes. The report was considered to be more hawkish than markets were counting on, leading to a surge of the sterling against other currencies. Policy makers did not make any changes during their latest meeting, yet the minutes of the gathering looked relatively optimistic. Not everything was positive, though, as the report mentioned that … “Pound Leaps After BoE Releases Policy Minutes”
NewsImpact’s Real Time News keeps it simple and quick
For traders who live by the economic calendar and for anybody trading the markets, it’s important to get the news fast. And almost all retail traders cannot afford a Bloomberg Terminal or any other high end system. An interesting offering has recently joined the scene, and it aims to offer accurate, curated, quick and attention grabbing breaking … “NewsImpact’s Real Time News keeps it simple and quick”