The Great Britain pound jumped today as macroeconomic data released from the United Kingdom suggested that the impact of the Brexit had not yet hit the nation’s economy. UK economic indicators not only have not worsened in the month that followed the Brexit vote, they have actually improved. Of particular note was consumer inflation, which rose to 0.6% in July while experts had predicted it to stay at 0.5%. Other … “Pound Jumps with Improving Economic Indicators”
Month: August 2016
AUD/USD:Trading the Australian Employment Change
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 1:30 GMT. Indicator Background Job creation is one … “AUD/USD:Trading the Australian Employment Change”
NZ Dollar Stays Resilient
The New Zealand dollar gained against its US rival but had problems keeping gains against other most-traded counterparts during the current trading session. The kiwi stayed resilient even after the Reserve Bank of New Zealand had cut interest rates last week. This fed speculations that central banks are reaching their limit of influencing economies, at least through conventional means. Helping the currency was … “NZ Dollar Stays Resilient”
Australian Dollar Mixed After RBA Minutes
The Australian dollar demonstrated mixed performance after the release of RBA policy minutes earlier during the Tuesday’s trading session. The currency rallied against the US dollar (though has trimmed its gains as of now) but fell against the euro and the Japanese yen. The Reserve Bank of Australia released minutes of its August meeting, during which it had performed an interest rate cut, today. Among concerns voiced by Australian policy makers … “Australian Dollar Mixed After RBA Minutes”
MPInsight – a new BI system by MarketsPulse
MarketsPulse, the software provider behind many binary options companies, is introducing a new Business Intelligence system called MPInsight. Here are more details from the official press release: London- A premium binary option solution provider since 2008, MarketsPulse (marketspulse.com) launches an additional system called, MPInsight – a BI and analytics system that was tailored to brokers’ … “MPInsight – a new BI system by MarketsPulse”
Japanese Yen Gains Against Majors After Losses Last Week
Japanese yen is higher today, gaining against its major counterparts following last week’s losses. Weak data weighed on the yen last week, but this week the currency’s performance is driven by world events. For now, there is enough concern that the Japanese yen is up mostly across the board. Japanese yen was weaker at the end of last week, thanks to weaker than expected GDP data … “Japanese Yen Gains Against Majors After Losses Last Week”
RBNZ rate cut does little to weaken the currency
The Reserve Bank of New Zealand’s monetary policy meeting last week saw the central bank cut the OCR by 25 basis points to 2.00%, a new record low and on par with other major central bank policies across the developed economies. The RBNZ’s monetary policy decision also highlighted the fact that central bank policy decisions … “RBNZ rate cut does little to weaken the currency”
AUD Carry Metrics Not Flashing Red Yet; Caution On NZD
The Australian and New Zealand dollars have enjoyed flows despite rate cuts. What is expecting us on the road ahead? Here is the view from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: The search for positive yield has become a catch-all phrase to explain the resilience of high-yielding assets globally. … “AUD Carry Metrics Not Flashing Red Yet; Caution On NZD”
Swiss Franc Mixed After PPI
The Swiss franc traded mixed, rising against the US dollar but falling versus the euro, following the release of Switzerland’s Producer Price Index. The PPI fell 0.1% in July. On one hand, the reading was worse compared to the rise at the same rate the month before. On the other, it was better than the predicted drop by 0.2%. USD/CHF dropped from 0.9745 to 0.9727 as of 15:01 GMT today. At the same time, EUR/CHF advanced from 1.0878 … “Swiss Franc Mixed After PPI”
Yen Mostly Lower as GDP Stagnates
The Japanese yen traded mostly below the opening level against most major currencies, though there were few exceptions. Economic data released from Japan today was mixed, but the most important GDP report was poor, weakening the currency. Japan’s gross domestic product showed no growth in the second quarter of this year, surprising economists who were expecting at least some increase. Meanwhile, industrial production … “Yen Mostly Lower as GDP Stagnates”