The Great Britain pound fell against the US dollar today due to the policy divergence between the central banks of the United States and Great Britain. Tuesday’s data from the United Kingdom was positive enough to allow the sterling to hold ground versus the Japanese yen and the euro. Market participants question the ability of the Bank of England to start raising interest rates in the near future. At the same time, they are almost certain that the Federal Reserve … “GBP Weaker vs. USD, Flat vs. JPY & EUR”
Month: December 2015
USD Stronger Ahead of All-Important Fed Decision
The US dollar gained against its major peers today, including the euro, the Great Britain pound and the Japanese yen. The market prepares itself to the policy announcement from the Federal Reserve tomorrow. The Fed is going to announce its all-important decision about monetary policy tomorrow. Most market participants anticipate an interest rate lift-off, and today’s economic data did little to discourage such way of thinking. While the headline Consumer Price … “USD Stronger Ahead of All-Important Fed Decision”
Loonie Heads Higher as Oil Prices Surge
Canadian dollar is heading higher today, gaining ground as oil prices surge. The chance for oil prices is producing gains for the loonie against its major counterparts. For several weeks now, the Canadian dollar has been struggling in Forex trading. Loonie is tied to oil prices, since oil is a major part of the Canadian economy. OPEC nations are refusing to cut production, and the United States has also been producing … “Loonie Heads Higher as Oil Prices Surge”
Admiral Markets launches 6 new features for MT4 Supreme
The UK branch of Admiral Markets continues expanding its offering with 6 new features to its MT4 Supreme platform. Here is all the information from the official press release: Admiral Markets UK has added 6 new cost-free features to MT4 Supreme’s arsenal of 60 features, indicators and Expert Advisors. Available for the company’s live and … “Admiral Markets launches 6 new features for MT4 Supreme”
Australian Dollar Higher After Economic Data & RBA Minutes
The Australian dollar ticked up a little against the US dollar and the Japanese yen today, lifted by positive domestic macroeconomic data and minutes of the latest central bank’s meeting. The minutes of the Reserve Bank of Australia December meeting were rather hawkish, saying: Members noted that recent domestic data had generally been positive. At the same time, they stated that “the outlook for inflation may afford some scope for a further easing of monetary … “Australian Dollar Higher After Economic Data & RBA Minutes”
South African Rand Slows Rally
The South African rand slowed its rally after yesterday’s big jump. Despite the welcomed change of the financial minister, investors remained unconvinced about the government’s ability to tackled economic challenges that lay before it. On Monday, South Africa changed its third finance minister in less than a week. Yet uncertainty about the future of the nation’s economy remains as it was made evident by the comments of Fitch Ratings (the agency that … “South African Rand Slows Rally”
GBP/USD: Trading the British Wages Dec 2015
British Average Earnings Index, released each month, is a leading indicator of consumer inflation. A reading which is higher than the market forecast is bullish for the pound. Updates: Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator Background The Average Earnings Index is closely watched by analysts, and as … “GBP/USD: Trading the British Wages Dec 2015”
Loonie To Languish Longer; Aussie Appreciation Overdone – CIBC
Commodity currencies have struggled between their internal strengths and the falling prices of commodities. What’s next? Here is the view from CIBC on the Canadian and Australian dollars: Here is their view, courtesy of eFXnews: The following are CIBC’s latest weekly outlook for the CAD and AUD. Loonie to Languish Longer: As the economy rebounded in … “Loonie To Languish Longer; Aussie Appreciation Overdone – CIBC”
Yuan Remains Under Pressure Despite Improving Economic Data
The Chinese yuan remained under pressure despite positive economic data from China. As most currencies, the yuan suffered from expectations of monetary tightening from the US Federal Reserve. The Peopleâs Bank of China set its reference rate at the lowest level since 2011, suggesting that it is willing to engage in the currency war to support the economy. Data released on Saturday suggested that measures taken by Chinese policy makers had … “Yuan Remains Under Pressure Despite Improving Economic Data”
South African Rand Gains After Finance Minister Appointment
The South African rand rallied today after President Jacob Zuma appointed Pravin Gordhan as a new finance minister. He is the third South African finance minister in less than a week. The appointment of widely-respected Gordhan over the weekend was welcomed by markets, sending the rand higher. The currency has lost almost 9 percent of its value last week, tumbling 5.4 percent versus the US dollar in a single day, after … “South African Rand Gains After Finance Minister Appointment”