September 2016 – Page 10 – News of the Planet of Investments

Dollar Goes Lower After Brainard Speaks

The US dollar was weak across the board after the speech from Governor Lael Brainard as well as speeches of the members of the Federal Reserve. While there were hopes that Brainard would become more hawkish, today’s speech suggested that she remained in the dovish camp as the Governor warned about necessity of caution in raising interest rates. She said: This asymmetry in risk management in today’s new normal counsels prudence in the removal … “Dollar Goes Lower After Brainard Speaks”

Great Britain Pound: Factors to Watch During Week

There is a busy week ahead for the Great Britain pound. There will be plenty of economic releases from the United Kingdom, but the most important event should the monetary policy meeting conducted by the Bank of England. The meeting is scheduled for Thursday (September 15). Considering that the central bank has expanded its stimulus program to unprecedented levels in August, it is highly unlikely for the policy to be changed again so … “Great Britain Pound: Factors to Watch During Week”

Greenback Trades Mixed Ahead of Brainard Speech

Later today, Lael Brainard, one of the policymakers at the Federal Reserve, is expected to make remarks. As a result of speculation over what he might say, the US dollar is trading mixed today. Greenback is mixed against its major counterparts today, thanks in large part to traders who are in wait and see mode. Federal Reserve policymaker Lael Brainard is expected to make a speech today, just before the blackout … “Greenback Trades Mixed Ahead of Brainard Speech”

September FOMC will be one to remember

… No matter what the Fed does! Another week concludes, putting traders closer to the September 21st FOMC meeting. Will the Fed hike rates? Or will the Fed buy more time? The question on every trader and investor’s mind will most likely find an answer in just a week from now. Last week’s economic reports … “September FOMC will be one to remember”

UK Pound Hangs on to Recent Gains

UK pound is holding on to recent gains, hoping to see a better performance going forward. However, there are factors that could lead to more weakness. For now, though, the sterling seems to be weathering the Brexit reasonably well. Sterling is hanging on to its recent gains. Last week’s decent industry survey data from the United Kingdom helped push the pound a little bit higher, although it still struggles. The next … “UK Pound Hangs on to Recent Gains”

Yen Strong Against Rivals During Monday’s Trading

The Japanese yen was strong across the board today following the release of economic indicators from Japan. Japan’s core machinery orders rose 4.9% in July (month-on-month) instead of falling as analysts had predicted. The Producer Price Index dropped 3.6% in August from the previous month — a bit more than was promised by experts (3.5%) but less than in July (3.9%). The Bank of Japan will conduct a policy meeting next week, … “Yen Strong Against Rivals During Monday’s Trading”

Australian Dollar Falls with Global Stocks & Bonds

The Australian dollar fell today following the drop of global stocks and bonds. The reason for that were speculations about a potential interest rate hike from the Federal Reserve in the near future. Stocks across the world demonstrated substantial losses during the Monday’s European session. Traders were selling off riskier assets amid rising talks about monetary tightening from the Fed. Several Fed members will be speaking today, and markets … “Australian Dollar Falls with Global Stocks & Bonds”

NZD/USD could be vulnerable to a December Fed Hike –

There are low chances that the Fed pulls the trigger in September, but December is certainly on the cards. Which currency could bear the brunt? The team at CIBC circles the kiwi and explains: Here is their view, courtesy of eFXnews: Through the will-they-or-won’t they of Fed rate hike expectations one thing is clear – … “NZD/USD could be vulnerable to a December Fed Hike –”

Top Broker Spread Awards released by TradeProofer

TradeProofer, which follows the execution of brokers, has released its spread awards. All the details are here in the press release: TradeProofer.com, a forex traders’ community to monitor brokers’ execution quality has published its Top Broker Spread Awards for 2015 here. The list covers 80+ brokers and 40+ fx crosses. Brokers’ spreads were adjusted by … “Top Broker Spread Awards released by TradeProofer”