Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Thursday at 12:30 … “USD/CAD: Trading the Canadian GDP”
Month: June 2016
Further Brexit damage for AUD, NZD?
The big Brexit decision certainly has ramifications on markets even on lands far far away. Will we see rate cuts in Australia and New Zealand? Here are opinions from Barclays and ANZ: Here is their view, courtesy of eFXnews: Post-Brexit: We Now Expect The RBA To Cut Rates In August – Barclays We had expected RBA … “Further Brexit damage for AUD, NZD?”
Brazilian Real Gains as Central Bank Suggests No Interest Rate Cuts
The Brazilian real gained against the US dollar today as the nation’s central bank signaled that it is not considering monetary easing as inflation is expected to remain above the bank’s target. The Central Bank of Brazil raised its inflation forecast for 2016 from 6.6% to 6.9%, whereas the bank’s target rate is at 4.5%. The bank said in the Inflation Report that uncertainties surrounding domestic inflation and the global economy “do not … “Brazilian Real Gains as Central Bank Suggests No Interest Rate Cuts”
Australian Dollar Takes Breath
The Australian dollar gained today amid the improving market sentiment. While the threat of the Brexit is still looming, markets decided to take breath and halted sell-off of high-beta currencies. There are speculations that Britons may regret their decision to leave the European Union and make attempts to stay in the union. Meanwhile, EU officials urge Britain to leave as fast as possible to limit potential fallout from the event. Whatever the case, market participants … “Australian Dollar Takes Breath”
Trading Detox – Infographic
Summer months are coming and you should be taking a break from trading. Surprisingly, the effects of spending more time on your mobile might differ from what you might have expected. The following infographic will reveal a few new or hidden gems regarding your trading. Maybe you should use the summer months as the time … “Trading Detox – Infographic”
Has GBP/USD stabilized or can it further fall? Two
Following Brexit, the pound suffered quite a bit. However, today we are seeing some stabilization. Can it recover? Here are views from Goldman Sachs and SocGen: Here is their view, courtesy of eFXnews: GBP/USD, EUR/USD, EUR/GBP: Post-Brexit Targets – Goldman Sachs The decision of the majority of the UK voters to Leave the EU changes … “Has GBP/USD stabilized or can it further fall? Two”
Pound Hits New Lows amid Post-Referendum Turmoil
While the Brexit vote had an impact on all currencies, the Great Britain pound (unsurprisingly) has borne the brunt of Britain’s decision to part with the European Union. The currency touched a new 31-year minimum versus the US dollar and also dropped to new lows versus many other currencies. It is important to note that the results of the referendum are not binding. Moreover, there is a move to redo the voting again. Yet all … “Pound Hits New Lows amid Post-Referendum Turmoil”
Canadian Dollar Suffers as Brexit Continues Rattle Markets
The Canadian dollar was rather weak today due to the aftershock of Britain’s referendum that has ended in a vote to leave the European Union. The loonie joined other commodity currencies that were suffering from the resulting risk-negative market sentiment. The potential exit of Great Britain from the EU could have long-term negative consequences for the world’s economy. There are even talks that another strong recession is possible. That promises … “Canadian Dollar Suffers as Brexit Continues Rattle Markets”
Nobody wants to push the Brexit Button – Will Bregret
Article 50 of the European Treaty triggers fear among British policymakers. It seems that nobody wants to touch it with a barge pole. Will the Bregret turn into a Bremain instead of Brexit? David Cameron quickly quit on Friday after the official Brexit and also refrained from committing to pulling the trigger on the Brexit. He said it will up to … “Nobody wants to push the Brexit Button – Will Bregret”
NZ Dollar Fails to Rally on Rising Trade Surplus
The New Zealand dollar opened sharply lower today. The currency attempted to rally intraday but has failed and is trading below the opening level as of now. Economic data released from New Zealand over the current trading session was good. The trade surplus increased from NZ$326 million in April to $358 million in May instead of shrinking to NZ$185 million as analysts had predicted. Yet it could not help the New … “NZ Dollar Fails to Rally on Rising Trade Surplus”