When we look at the broader activity in the forex markets, the argument can be made that there is no single currency that is confusing traders more than the Euro. Over the last six months, we have seen instances where the Euro has fallen when conventional wisdom would suggest a rally and we have seen … “What’s Next For The Euro?”
Month: April 2016
ECB To Re-Open The Door To Rate Cuts: A Return
EUR/USD has been very stable of late, but it now faces the ECB and Draghi. What does this imply? Here is their view, courtesy of eFXnews: We expect a dovish tone from Draghi at the ECB meeting this week, but no new measures. Despite the comprehensive package of easing, which was announced in March, the ECB … “ECB To Re-Open The Door To Rate Cuts: A Return”
Euro Finds Support in Forex Trading
Euro is finding support today, heading higher in Forex trading against many of its major counterparts. Euro is gaining ground as Brexit worries weigh on the sterling, and as a possible agreement with Greece helps optimism. It’s been some time since many people thought about Greece, but the embattled country is back in the news. This time, it’s due to the fact that Greece might be close to reaching … “Euro Finds Support in Forex Trading”
Russian Ruble Sinks After Doha Meeting Failure
The Russian ruble dropped today as the meeting of major oil-producing countries in Doha failed to bring an agreement on freezing oil production. Major oil producers were meeting in Doha, Qatar, to discuss an output cap as a measure to support oil prices. Many experts were skeptical about the possibility of a deal, and as it turned out they were right. The lack of freeze hurt commodity-related currencies (though some of them were lucky enough to escape losses), … “Russian Ruble Sinks After Doha Meeting Failure”
UK Pound Loses Ground After Recent Gains
UK pound is losing ground again after recent gains. Sterling is heading mostly lower against its major counterparts as excitement over recent inflation data fades and as the EU referendum once again dominates the spotlight. Earlier, the sterling was doing well in currency trading on the FX market, making some gains. The recent inflation report, while not providing a huge amount of support, at least offered a boost. Most … “UK Pound Loses Ground After Recent Gains”
NZ Dollar Rises as Inflation Surprises Positively
The New Zealand dollar rose today as nation’s inflation surprised economists positively, rising above market expectations. The New Zealand Consumer Price Index rose 0.2% in the March quarter of this year. This is compared to the predicted increase by 0.1% and the drop by 0.5% registered in the December quarter of the last year. The positive data led to speculations that the Reserve Bank of New Zealand will not slash interest rates again after the surprise … “NZ Dollar Rises as Inflation Surprises Positively”
EUR/USD: Trading the German ZEW Economic Sentiment
German ZEW Economic Sentiment is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 9:00 GMT. Indicator Background … “EUR/USD: Trading the German ZEW Economic Sentiment”
Dollar Encounters Troubles with Moving Higher
The US dollar attempted to rally against other most-traded currencies this week but found limited success. The greenback gained on the euro and the Japanese yen but fell against the Great Britain pound and commodity currencies. The dollar has found a surprise ally in the form of the crude oil rally. Unlike most of the times, the resulting positive market sentiment was helpful to the currency in this instance, leading to speculations that improving global growth will … “Dollar Encounters Troubles with Moving Higher”
Leverate Wins 2016 Red Herring Top 100 Europe Award
1200 technology companies from all over Europe were examined and Leverate won this prestigious Red Herring Top 100 Award. It was the only FinTech company to enjoy this treat. Here is more information from the official press release: April 14th, 2016 – Leading-edge financial technology solutions provider, Leverate, announced today that it was the proud recipient of … “Leverate Wins 2016 Red Herring Top 100 Europe Award”
Loonie Down on Oil, Economic Cautions
Canadian dollar is mostly lower today, falling as concerns about the economy continue and as oil prices remain weak. Although oil is higher than it has been in a while, it is still down on the day, and there are worries about what that means for the Canadian economy. Loonie is pulling back today, after showing some strength earlier this week. The Bank of Canada declined to change interest rates, … “Loonie Down on Oil, Economic Cautions”