UK pound is mostly higher today, gaining ground against its currency trading counterparts. Even though there are concerns about and exit from the European Union (called the Brexit), sterling is showing signs of life as US stocks gain ground. European markets are closed today for Easter Monday, so training is somewhat thin. Sterling is doing pretty well today against its major … “Sterling Shows Resilience in the Face of Brexit”
Month: March 2016
Euro Gets a Boost on Soft US Data
Euro is a little higher today, thanks in part to soft US data. Trading is a little thin today because of the Easter Monday holiday in Europe. European markets are closed today because of the Easter Monday holiday, but Forex trading is still happening. Today, the euro is getting a little bit of a boost as US data comes in a little softer than expected. Consumer spending in the United States only rose … “Euro Gets a Boost on Soft US Data”
Pound Sterling at risk of a Brexit
Keeping up with his poll promise to hold a referendum whether to stay ‘In’ or ‘Out’ of the EU, British PM David Cameron concluded a three day marathon meeting in Brussels with his EU counterparts. Concluding the negotiations, it seemed like Britain managed to get what it wanted. ‘Special Status’ recognition in the EU, alongside … “Pound Sterling at risk of a Brexit”
US Dollar Ends Week with Gains as Traders Flock to Safety
The past trading week had been expected to be rather uneventful due to few important economic releases and abbreviated trading because of Good Friday. Yet the bombings in Brussels made it anything but quiet. As a result, the US dollar ended the week with gains as traders flocked to the US currency. Analysts had been bearish to neutral on the dollar ahead of the week. Yet the major stipulation to the forecast was “unless some big surprise … “US Dollar Ends Week with Gains as Traders Flock to Safety”
Opportunities In ‘Actionable & Fashionable’ Sterling – Goldman Sachs
The pound has certainly been beaten, most recently by the impact of the Brussels bombings. What’s next? The team at Goldman Sachs weighs in: Here is their view, courtesy of eFXnews: According to research conducted by the Bank of England, Sterling has been “fashionable” and has driven movements in G-10 FX five times since the start … “Opportunities In ‘Actionable & Fashionable’ Sterling – Goldman Sachs”
Yen a Little Bit Weaker After Disappointing Inflation Report
The Japanese yen fell a little today. The reason for the losses was the inflation report that disappointed economists. The drop was minor due to thin holiday trading. Japan’s core Consumer Price Index was flat in February compared to the same period a year ago while analysts had predicted small growth by 0.1%. The Tokyo core CPI fell 0.3%, more that it was forecast by experts. Friday’s trading is expected … “Yen a Little Bit Weaker After Disappointing Inflation Report”
ECB Stance Could Impact Euro
Over the last few years, we have seen some relatively steady trends in the Euro. Against the US Dollar the direction has been mostly downward as markets brace for a changing interest rate policy at the US Federal Reserve. At this stage, there are not many central banks that are broadly expected to start risking … “ECB Stance Could Impact Euro”
Dollar Struggles to Maintain Rally
The US dollar was attempting to extend its rally today but had limited success. The currency gained against the euro and the Japanese yen but trimmed gains as of now. Against the Great Britain pound, the greenback erased its gains altogether. The dollar continued to receive support from the outlook for monetary tightening from the Federal Reserve. Today’s underwhelming economic data from the United States hurt the attractiveness of the US currency but not … “Dollar Struggles to Maintain Rally”
Canadian Dollar Continues to Struggle as Oil Prices Drop
Canadian dollar is lower today, as oil prices resume their drop. North American stock indexes are also lower, which is weighing on the loonie as well. With the Canadian economy struggling a little bit because of oil, it’s little surprise that the loonie continues to exhibit weakness against its major counterparts. Canadian dollar is down against its major counterparts today as oil prices drop again. … “Canadian Dollar Continues to Struggle as Oil Prices Drop”
Turkish Lira Stable After Central Bank Cuts Interest Rate
The Turkish lira was little changed against the US dollar and the euro today after the nation’s central bank made a surprise decision to cut interest rates, including the key Marginal Funding Rate. The Central Bank of the Republic of Turkey decided to cut its main interest rate by 25 basis points to 10.5%. The lending rate has been reduced from 12.25% to 12%. Other rates remained the same. The central bank explained its … “Turkish Lira Stable After Central Bank Cuts Interest Rate”