The US dollar has been on a roll and the euro retreated on Draghi. However, the team at NAB sees limited gains moving forward: Here is their view, courtesy of eFXnews: Slowly but surely the USD is flexing its muscles once again. The greenback’s 25% rally from July 2014 to January this year was of course … “USD Eyes Multi-Year Highs But 1.08 In EUR/USD Set To”
Month: October 2016
GBP/USD to 1.15 by year end – Citi
The pound made another visit to the 1.20 handle but managed to recover. The lows are not in yet, says the team at Citi: Here is their view, courtesy of eFXnews: The fundamentals arguably haven’t changed but the price has. This makes GBP look cheap – but we’re not certain the lows are in. Updating our model … “GBP/USD to 1.15 by year end – Citi”
Improving German Business Climate Provides Limited Support to Euro
Yet again positive macroeconomic data from the eurozone provided limited support to the euro. The German business climate showed unexpected signs of improvement, yet the euro was mixed during the current trading session. The Ifo Business Climate Index rose from 109.5 in September to 110.5 in October. Market participants were surprised by the improvement as analysts had predicted the indicator to stay virtually unchanged. Yet the surprisingly good data failed to boost the eurozone … “Improving German Business Climate Provides Limited Support to Euro”
Swiss Franc Falls as SNB Monetary Easing Has Not Reached Limit
The Swiss franc fell today as policy makers of the Swiss National Bank were defending the current negative interest rates and signaled that monetary easing has not yet reached its limit. Yesterday, SNB Chairman Thomas Jordan defended the low rates, saying: Despite these monetary policy challenges and potential side-effects, in Switzerland the negative interest rate is currently indispensable, owing to the overvaluation of the Swiss franc and the globally low … “Swiss Franc Falls as SNB Monetary Easing Has Not Reached Limit”
FxPro Review
This FxPro review conducted by the team of ForexSQ experts for those who want to know about how to open an account with Fxpro UK broker. The FxPro forex broker domiciled in Cyprus is a broker that provides to both beginner and experienced traders. In 2006, it was established, as one of the leading Forex brokers in the industry. … “FxPro Review”
FxPro Review
This FxPro review conducted by the team of ForexSQ experts for those who want to know about how to open an account with Fxpro UK broker. The FxPro forex broker domiciled in Cyprus is a broker that provides to both beginner and experienced traders. In 2006, it was established, as one of the leading Forex brokers in the industry. … “FxPro Review”
AUD/USD: Trading the Australian CPI
Australian CPI (Consumer Price Index), which is released each quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 00:30 GMT. … “AUD/USD: Trading the Australian CPI”
Australian Dollar Struggles to Rise Ahead of Q3 CPI
The Australian dollar has continued to grapple against the power of the mighty US dollar. But today, AUD/USD attempted to fight its way back, setting a high at 0.7640 when just on Friday, it traded as low as 0.7587. This, however, does not signal a green light just yet as the report on the Consumer Price Index for the third quarter of 2016 this week could have a major effect on the Reserve Bank of Australia‘s (RBA) interest … “Australian Dollar Struggles to Rise Ahead of Q3 CPI”
RBA Gov. Lowe rules out rate cuts. Q3 inflation on tap
After taking over the reins of the RBA from Glenn Stevens, the new RBA governor, Philip Lowe gave his first speech last week. Addressing the low-interest rates from the central bank, Lowe took a hawkish stand noting that “things are improving.” Delivering his first speech on inflation and monetary policy, the new RBA governor reminded … “RBA Gov. Lowe rules out rate cuts. Q3 inflation on tap”
Pound Flat, GDP Report in Focus
The Great Britain pound was little changed today as traders are waiting for GDP data from the United Kingdom which will be released later this week. The preliminary report about UK gross domestic product in the third quarter of this year is scheduled for release on October 27. Experts predict that it will show growth by 0.3%, slowdown from the strong second quarter when Britain’s economy logged … “Pound Flat, GDP Report in Focus”