The euro rose against the US dollar but fell versus the relatively strong Great Britain pound following the release of Purchasing Managers’ Indexes from the eurozone. Markit Economics released a bunch of PMIs today (for France, Germany, and the whole eurozone). Most of them were decent, staying above the neutral 50.0 level. The only disappointment was France’s manufacturing indicator that fell instead of rising as analysts had predicted and stayed below 50.0, … “Euro Mixed After Release of PMIs”
Month: August 2016
AUD/USD has its limits – two opinions
The Australian dollar had its flirt with the upside but never went too far. What’s next? Here are two opinions about the next moves and the RBA’s role: Here is their view, courtesy of eFXnews: AUD Will Peak At 0.78 In Q3 Before Reversing Gradually Lower: How To Trade It? – ANZ We forecast that the … “AUD/USD has its limits – two opinions”
NZD Hard Pressed to Keep Gains Caused by Wheeler’s Comments
The New Zealand dollar rallied during early hours of the Tuesday’s trading session as Graeme Wheeler, Reserve Bank of New Zealand Governor, signaled that the central bank is not in a hurry to continue interest rate cuts. Yet the currency had troubles keeping its gains. Wheeler was delivering a speech titled “Monetary policy challenges in turbulent times,” during which he said: We do not believe that the outlook … “NZD Hard Pressed to Keep Gains Caused by Wheeler’s Comments”
Canadian Dollar Drops Following Prices for Crude
The Canadian dollar dropped on Monday, ignoring positive domestic data, as prices for crude oil retreated. Speculations about monetary tightening from the US Federal Reserve were the main perpetrator in the drop. Canada’s currency was demonstrating decent performance lately in the wake of a crude oil rally. Yet plenty of analysts were speculating that the rally was unwarranted and should not last long. They did not have to wait long for the upward … “Canadian Dollar Drops Following Prices for Crude”
GBP/USD: Not Out Of The Woods Yet
The British Pound bounced versus the USDollar right at the post-Brexit lows last week but is this recovery does not mean it´s out of the woods just yet. The volatility that brought theBrexit vote has evaporated with the GBP/USD returning to its usual average daily range of about 100 pips. Talks of Article 50 not … “GBP/USD: Not Out Of The Woods Yet”
US Dollar Mostly Rangebound Ahead of Jackson Hole
US dollar is mostly rangebound ahead of a meeting of central bankers later this week in Jackson Hole, Wyoming. Some expect Federal Reserve Chair Janet Yellen to express a readiness for an interest rate hike by the end of the year, and many are waiting to see what she says. One of the highly-anticipated events of the economic calendar year is an annual summit of central bankers held in Jackson Hole, Wyoming. Heads of central banks from … “US Dollar Mostly Rangebound Ahead of Jackson Hole”
Euro Slightly Lower as Forex Traders Wait for Data
Euro is slightly lower against most of its major counterparts this morning, dropping a little bit as Forex traders consolidate positions and wait for tomorrow’s data releases. Last week’s numbers seemed upbeat for the eurozone, and the 19-nation currency is trading at around the 1.13 level against the US dollar again. This is an improvement from a few weeks ago. However, today there isn’t a lot of action and the euro is slightly … “Euro Slightly Lower as Forex Traders Wait for Data”
ECB Minutes: Speculation for September easing takes root
The ECB’s monetary policy meeting minutes from the July meeting was released last week. Although the event was overshadowed by the FOMC minutes and Fed member speeches, the minutes gave some insights into the future course of action from the ECB. Policy makers warned that following Britain’s vote to leave the European Union; fresh headwinds … “ECB Minutes: Speculation for September easing takes root”
How to Choose the Best UK Broker
If you want to open an online trading account and make money by trading shares, CFDs, currencies, oil or gold then It’s essential to select a reliable online broker in the UK, after all, would you give up $500 on the street to somebody who you have never seen before, and if they were to offer … “How to Choose the Best UK Broker”
Yen Suffers from Fischer’s Comments
Riskier currencies reacted negatively to the comments that Fed Vice Chairman Stanley Fischer made on Sunday, but safer ones, like the Japanese yen, were also not immune to the impact. As many other currencies, the yen opened sharply lower against the US dollar, though also versus other most-traded rivals. The tightening stance of the Federal Reserve is in sharp contrast to the easing bias of Japan’s central Bank. That makes the Japanese … “Yen Suffers from Fischer’s Comments”