The bears are mounting against the euro and EUR/USD is indeed falling. But the moves are relatively slow. The team at ANZ warrants caution on euro/dollar targets. Here is their view, courtesy of eFXnews: The dollar’s appreciating trend has intensified as the anticipated policy dynamics of an expansionary fiscal stance and higher interest rates under … “EUR/USD: Staying Bearish But Some Reasons For Caution On”
Month: November 2016
British Pound Jumps Against Dollar on Possible Brexit Deal
The British pound gained on Monday to cut most of the losses it had during the past week. The sterling moved higher after UK Prime Minister Theresa May hinted that sheâs working on reaching a Brexit deal that would be beneficial for business within the nation. Her comments, which were made when she addressed the CBI conference earlier today, promised the lowest corporate tax rates in the Group of Twenty and an increased … “British Pound Jumps Against Dollar on Possible Brexit Deal”
US Dollar Halts Its Rise After 10 Straight Days of Gains
The rise of the US dollar came to a full stop on Monday after two weeks of rapid gains. Currency traders are reevaluating the greenbackâs recent gains, which forced the currency to edge lower today after reaching its strongest level since 2003 last week. Investors turned away from the safety of the Japanese yen to speculate the limit of the US currencyâs gains on the short term. Markets expect that the US Federal Reserve will need … “US Dollar Halts Its Rise After 10 Straight Days of Gains”
New Zealand Dollar Higher During Monday’s Trading
The New Zealand dollar rose against its major peers, including the US dollar and the Japanese yen, during Monday’s trading session. The kiwi was falling for eight straight trading sessions versus the greenback before rising today. The New Zealand currency demonstrated better performance against the yen, rising for three days in a row. As for economic data from New Zealand released today, credit card spending rose in October 10.2% from … “New Zealand Dollar Higher During Monday’s Trading”
Near 100% chance of Fed hike in December, but what’s
In an interview with FXStreet, we discussed the upcoming move from the FED, doubts about Trumponomis, the next drop of EUR/USD, levels for EUR/GBP and gold prices. You can read the interview here or below. EUR/USD has gone on a steady downslope for the last week, nearing the 2015 1.0460 lows. Is this downtrend poised to … “Near 100% chance of Fed hike in December, but what’s”
Yen Soft Despite Improving Trade Balance
The Japanese yen fell today even though economic data showed a bigger-than-expected increase of the Japan’s trade balance surplus. The losses were limited, though, and the currency even managed to keep its ground versus the US dollar, against which the yen has fallen during the previous two sessions. Japan’s trade surplus logged ¥0.47 trillion in October, up from ¥0.36 trillion in September. The gain was the result of both falling import … “Yen Soft Despite Improving Trade Balance”
EUR/USD: Trumped by the Donald, now depends on Draghi
Euro/dollar fell to the lowest levels of the year on Trump’s victory and seems to have found support. Brexit and Trump have implications on Europe, which awaits elections in various countries. A bigger question remains the ECB, which was sidelined for some time but will determine the next moves. A special focus on the world’s … “EUR/USD: Trumped by the Donald, now depends on Draghi”
Dollar Continues to Dominate Forex Market
The US dollar continued to dominate the Forex market during the past trading week as post-elections optimism and the outlook for Federal Reserve’s monetary policy were extremely supportive to the currency. It is surprising to see how positive the dollar’s reaction to Donald Trump’s victory was, considering that ahead of the voting his potential win was considered dollar-negative. Yet now, economists speculate that his policies are going to be inflationary, encouraging … “Dollar Continues to Dominate Forex Market”
US Dollar Extends Its Weekly Rally on Fiscal Stimulus Forecasts
The US dollar climbed higher on Friday near its best level since 2003 as the greenback maintained its powerful surge against other major currencies for the second week in a row. The US currency is receiving its strength from expectations of an increased fiscal spending under Donald Trumpâs administration. Investors expect that the US President-elect will introduce economic policies that will include cuts to corporate taxes, increased government spending, … “US Dollar Extends Its Weekly Rally on Fiscal Stimulus Forecasts”
Canadian Dollar Firm After Inflation Data
The Canadian dollar today rose after the release of inflation data, even though some parts of the report were not that good. The loonie even managed to rebound versus the US dollar despite starting the trading session with a decline. Canada’s Consumer Price Index rose 0.2% in October from September, accelerating from the previous month’s growth of 0.1% and matching analysts’ expectations. The core CPI also rose 0.2% (not seasonally … “Canadian Dollar Firm After Inflation Data”