The British pound rose to new highs today rallying against other currencies such as the US dollar for the second day in a row. The British pound gained against other major currencies such as the US dollar and the euro after the release of UK inflation data for the month of September. The rally was triggered by the release of inflation figures today, which were higher than what analysts had forecasted. The inflation data showed that consumer prices … “GBP/USD Rallies as Inflation Data Is Released”
Month: October 2016
New Zealand Dollar Rallies as Inflation Beats Expectations
The New Zealand dollar rose against its major peers today, including the euro, against witch the kiwi rallied for the fifth straight trading session. The reason for the rally was the better-than-expected inflation report. The Consumer Price Index rose 0.2% in the September quarter from the previous three months. While it was slower growth than in the June quarter (0.4%), the actual data was still better than analysts’ forecasts that promised … “New Zealand Dollar Rallies as Inflation Beats Expectations”
Australian Dollar Rallies After RBA Minutes
The Australian dollar rallied following the release of the October policy meeting held by the Reserve Bank of Australia. The currency also got support from rallying Asian equities and rising crude oil prices. Unlike the previous RBA Governor, Philip Lowe did not complain about the exchange rate, saying that “the lower exchange rate since 2013 had been helping the traded sector,” though he also mentioned that “an appreciating exchange … “Australian Dollar Rallies After RBA Minutes”
EUR: How to Trade A ‘Quite Dovish’ Draghi This Week?
The ECB convenes once again, and this time we could get some hints about action in December. Will the ECB expand or taper QE? Here is the preview from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Our base case is that the ECB will confirm that tapering “has not been … “EUR: How to Trade A ‘Quite Dovish’ Draghi This Week?”
GBP/USD: Trading the British Claimant Count Change
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the Unemployment Rate indicator, which is released at the same time, it provides a snapshot of the UK employment situation and could affect the direction of GDP/USD. Update: UK jobless claims rise only 0.7K Here are the details and 5 … “GBP/USD: Trading the British Claimant Count Change”
Bank of England braces for a surge in inflation
The sterling’s over 3.5% plunge a week ago, sending the exchange rate of sterling to 1.2179 a dollar on the back of the British PM announcing a Brexit timeline has rekindled focus on monetary policy in the United Kingdom. After the initial knee-jerk reaction to the June 23 referendum results, the sterling enjoyed a momentary … “Bank of England braces for a surge in inflation”
Uninspiring Economic Data Causes the USD to Lose Its Footing
The greenback lost its footing in response to unimpressive economy data this morning after the Federal Reserve of New York reported that its Empire State Manufacturing Index was down by 6.80 points in October. The Index was down 1.99 points in September, and the consensus economists’ estimate was that the Index would gain 1.00 points this month. The newly released data on US industrial production has also casted dark … “Uninspiring Economic Data Causes the USD to Lose Its Footing”
Orbex and Nour Al-Hammoury Announce a New Educational Partnership
Cyprus based Forex broker Orbex and renowned expert Nour Al-Hammoury announce a new partnership. All the details are in the press release below Limassol, October 17, 2016 – Orbex, an innovative leader in online forex trading, alongside with a world-renowned market strategist and analyst, Nour Eldeen Al-Hammoury, has recently announced a launch of the new educational partnership, meant … “Orbex and Nour Al-Hammoury Announce a New Educational Partnership”
Orbex and Nour Al-Hammoury Announce a New Educational Partnership
Cyprus based Forex broker Orbex and renowned expert Nour Al-Hammoury announce a new partnership. All the details are in the press release below Limassol, October 17, 2016 – Orbex, an innovative leader in online forex trading, alongside with a world-renowned market strategist and analyst, Nour Eldeen Al-Hammoury, has recently announced a launch of the new educational partnership, meant … “Orbex and Nour Al-Hammoury Announce a New Educational Partnership”
Yen Flat After Kuroda Talks About Stimulus Again
The Japanese yen was little changed today after Haruhiko Kuroda, Bank of Japan Governor, talked yet again about possibility of additional monetary easing. The currency even managed to gain on the US dollar. Kuroda said today that the central bank is ready to adjust monetary policy as needed for achieving the 2% inflation goal. The Governor was not excessively optimistic about Japan’s economic growth, saying that “Japan’s economy … “Yen Flat After Kuroda Talks About Stimulus Again”