Reports that the ECB will taper bond buys before completely halting the program moved the slow-mo EUR/USD. A jump of around 100 pips was seen, from the abyss of 1.1140, close to the 1.1120 support line, all the way up to 1.1240. However, this didn’t last too long and the pair is hugging its beloved … “Why the ECB’s taper talk should be faded”
Month: October 2016
GBP/USD has more room to the downside – 3 opinions
The British pound has reached new 31-year lows against the US dollar. But this may not be over. Here are 3 opinions seeing more room to the downside: Here is their view, courtesy of eFXnews: 1. GBP: Further Weakness Short-Term On Bearish Technical Signals – BTMU The pound has come under renewed selling pressure early this … “GBP/USD has more room to the downside – 3 opinions”
EUR/USD parity in 12 months – Goldman Sachs
The lack of volatility in EUR/USD of late does not necessarily mean it will stay so for too long. The team at Goldman Sachs describes a “dollar story” for the pair heading into year-end, and sets cascading targets going forward: Here is their view, courtesy of eFXnews: Motivation for Our FX View: We continue to believe … “EUR/USD parity in 12 months – Goldman Sachs”
Australian Dollar Flat vs. US Dollar, Gains on Other Rivals After RBA
The Australian dollar was almost flat against its US counterpart but gained against other major peers after the Reserve Bank of Australia decided to keep its monetary policy without change. The RBA left its main interest rate at 1.5%, saying in the statement: Taking account of the available information, and having eased monetary policy at its May and August meetings, the Board judged that holding the stance of policy unchanged … “Australian Dollar Flat vs. US Dollar, Gains on Other Rivals After RBA”
Great Britain Pound at Three-Decade Low Against US Dollar
The Great Britain pound slumped today, falling to the lowest level since 1985 against the US dollar, as Brexit fears continued to drive the currency. Yet again, positive macroeconomic data was unable to rescue the sterling. Market participants are worried that Britain’s leaders may opt for the so-called hard Brexit, exchanging free trading with the European Union for immigration control. That does not bode well for Britain’s economy and by the same … “Great Britain Pound at Three-Decade Low Against US Dollar”
Dollar Extends Monday’s Gains into Tuesday
The US dollar rallied on Monday and extended its gain against the most-traded rivals on Tuesday as relatively positive macroeconomic data released from the United States increased chances for an interest rate hike from the Federal Reserve and boosted the appeal of the currency. Institute for Supply Management released its manufacturing Purchasing Managers’ Index on Monday, showing an increase above the neutral 50.0 level. That suggests the US manufacturing sector turned from contraction back … “Dollar Extends Monday’s Gains into Tuesday”
Australian Dollar Higher After Economic Data, Waits for RBA
The Australian dollar rose today, gaining on its major peers for the third straight day, after release of macroeconomic data from Australia. Now, traders wait for a monetary policy decision from the Reserve Bank of Australia. Australian building approvals fell 1.8% in August from July. While it does not look like a good reading by itself, the actual figure was far better than the predicted drop by 5.8%. Furthermore, the July … “Australian Dollar Higher After Economic Data, Waits for RBA”
eqlx Launches – Full Transparency and a 50/50 Profit
eqlx, pronounced “equal x” launches and aims for a fair model for all: the innovate brokerage model offers full transparency and a 50/50 profit split with the customers. For all the details, here is the official press release: London, United Kingdom, October 2nd, 2016 eqlx, an OTC Forex and CFD brokerage, announced today that its innovative … “eqlx Launches – Full Transparency and a 50/50 Profit”
eqlx Launches – Full Transparency and a 50/50 Profit
eqlx, pronounced “equal x” launches and aims for a fair model for all: the innovate brokerage model offers full transparency and a 50/50 profit split with the customers. For all the details, here is the official press release: London, United Kingdom, October 2nd, 2016 eqlx, an OTC Forex and CFD brokerage, announced today that its innovative … “eqlx Launches – Full Transparency and a 50/50 Profit”
Forex forecast: USD/JPY, EUR/GBP and AUD/CAD
Dollar-Yen looks very much to the downside, says Brenda Kelly while presenting forex market forecasts. Kelly is joined by Tip TV’s Zak Mir and Nick Batsford. EUR/GBP pair has hit three-year high today despite banking sector concerns in European and signs of improvement in the UK economy ash highlighted by the sharp rise in the … “Forex forecast: USD/JPY, EUR/GBP and AUD/CAD”