Once again the ECB has left things the same, keeping interest rates the same while at the same time staying away from adding more stimulus. Even though the euro briefly touched a recent high against the dollar, the 19-nation currency is now heading lower, thanks in part to concerns about the economy. Recent economic data has been lackluster for the eurozone, and that isn’t helping the 19-nation currency that much. Today’s … “Euro Struggles After Draghi Statement”
Month: June 2016
![ECB Preview: no change but 5 key points [Video]](https://investinearth.org/wp-content/uploads/2016/06/Fotolia_25970_XS-351x185.jpg)
ECB Preview: no change but 5 key points [Video]
The European Central Bank convenes amid implementation of the second TLTRO and the buying of corporate bonds. This is not the time for changes, but with fresh forecasts, we could get hints about future ECB moves. This is a special video segment that is part of the morning show for June 2nd 2016: Get the … “ECB Preview: no change but 5 key points [Video]”
EUR/USD: Trading the US Non-Farm Payrolls
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. NFP only 38K – USD crashes – live … “EUR/USD: Trading the US Non-Farm Payrolls”
Swiss Franc Unfazed by Bad Economic Data
Switzerland’s economic data released over Wednesday was rather disappointing. It did not prevent the Swiss franc from gaining on the US dollar and the euro, though the latter is trying to fight back. Switzerland real gross domestic product rose 0.1% in the first quarter of 2016 from the previous three months while analysts had predicted an increase by 0.3%. Retail sales demonstrated a drop by 2.4% in April from a year ago … “Swiss Franc Unfazed by Bad Economic Data”
Aussie Gains on Positive GDP Report, Has Troubles Keeping Gains
The Australian dollar rallied against its major peers today with the help of surprisingly good GDP data. Other reports from Australia and its biggest trading partner, China, were not as good, making the Aussie lose some of the gains against the US dollar and retreat below the opening level versus the euro and the Japanese yen. Australia’s seasonally adjusted gross domestic product rose as much as 1.1% in the March quarter from the previous … “Aussie Gains on Positive GDP Report, Has Troubles Keeping Gains”
ECB To Refrain From Sending Any New Signal On Easing
The Draghi show is back and this time with new forecasts. Here is the preview from Danske: Here is their view, courtesy of eFXnews: We expect the ECB to maintain its patient stance at the meeting this week and not send any new signals about more easing. An important argument for the ECB to remain patient is … “ECB To Refrain From Sending Any New Signal On Easing”
Yen Bolstered, Thanks to Better Economic Data
Japanese economic data came in better than expected, and that is providing a boost for the yen against its major counterparts. Yen is heading higher on the better than expected reports coming out of Japan. Japanese yen got a boost today after the numbers reporting Japanese Capital Spending were released. There was a year over year gain of 4.2 per cent, handily beating the forecasted 1.9 per cent. … “Yen Bolstered, Thanks to Better Economic Data”
Renewed Brexit Fears Send UK Pound Lower
UK pound is crashing as renewed fears of a Brexit from the European Union surface. Positive economic data is being ignored as Forex traders evaluate what would happen if the United Kingdom left the European Union. The latest PMI reading from Markit indicates that the UK economy is seeing some improvement. However, the focus isn’t on that improvement right now. Instead, more traders and analysts are concerned … “Renewed Brexit Fears Send UK Pound Lower”
![5 points on USD/JPY [Video]](https://investinearth.org/wp-content/uploads/2016/06/jpy-yen-visual-341x185.jpg)
5 points on USD/JPY [Video]
In our special segment today, we discuss the special characteristics of Dollar/yen, a major pair that sometimes surprises in a major way. It’s not always about the indicators but a lot more about the changing mood in various markets, not necessarily the regular ones. Here goes, comments are welcome as always: Get the 5 most … “5 points on USD/JPY [Video]”