The US dollar continued its advance against its main rival currencies on expectations of increased fiscal spending and lower taxes under Donald Trumpâs administration. The greenback was further supported by the rising likelihood of an interest rates hike by the Federal Reserve is December. Bond yields and inflation rate in the USA will probably climb as the Republican president-elect takes up office and starts bringing his promises into reality. Investors are speculating … “US Dollar Continues to Rise as December’s Rate Hike Appears More Likely”
Month: November 2016
3 reasons why Trump could make the forex industry great
President-elect Donald Trump has had major contradictions as a candidate. He managed to woo the working people that lost their manufacturing jobs but promised tax cuts on the wealthy. His economic plan’s numbers did not add up, and his erratic behavior makes him unpredictable. He even praised the unpredictability as a negotiation tool. While his policies could … “3 reasons why Trump could make the forex industry great”
3 reasons why Trump could make the forex industry great
President-elect Donald Trump has had major contradictions as a candidate. He managed to woo the working people that lost their manufacturing jobs but promised tax cuts on the wealthy. His economic plan’s numbers did not add up, and his erratic behavior makes him unpredictable. He even praised the unpredictability as a negotiation tool. While his policies could … “3 reasons why Trump could make the forex industry great”
NZ Dollar Lower vs. US Dollar, Bounce vs. Other Rivals
The New Zealand dollar traded lower versus its US peer but managed to rebound against such major rivals as the euro and the Japanese yen. The US dollar continued to receive support from optimism caused by the victory of Donald Trump in the US presidential elections. Meanwhile, the accommodative monetary policy of the Reserve Bank of New Zealand made the kiwi rather vulnerable. Yet the New Zealand currency managed to rise above the opening level against … “NZ Dollar Lower vs. US Dollar, Bounce vs. Other Rivals”
Yen Falls, Ignoring Positive GDP Report
Today’s data showed that Japan’s economy grew faster than was expected, but the Japanese yen hardly paid any attention to the positive report. The currency was down against all of its major counterparts, falling to the lowest level since June versus the US dollar. Japan’s gross domestic product expanded 0.5% in the third quarter of this year according to the preliminary report, exceeding the analysts’ average forecast of 0.2% growth. … “Yen Falls, Ignoring Positive GDP Report”
EUR/USD: Trading the German Preliminary GDP
German Preliminary GDP indicator is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 7:00 … “EUR/USD: Trading the German Preliminary GDP”
USD: Trump’s Win To Impact FX Market In 3 Ways;
The historic victory of Donald Trump has already caused ruptures in financial markets, eventually helping the dollar. Can it continue forward? Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: We expect Trump’s win to impact the FX market in three major ways, all likely to be USD bullish. 1) … “USD: Trump’s Win To Impact FX Market In 3 Ways;”
Dollar Ends Week Among Winners, Gets Beaten by Sterling
This was extremely volatile week due to the outcome of the US presidential elections that was uncertain till the very end. The US dollar came out among the strongest of the most-traded currencies after the result of the voting became clear, though the strongest one was the Great Britain pound. It was expected that Democratic candidate Hillary Clinton would win the elections, and such an outcome was considered bullish for the US currency. And when … “Dollar Ends Week Among Winners, Gets Beaten by Sterling”
Australian Dollar Drops to Its Lowest Level in Nearly a Month
The Australian dollar continued falling on Friday to extend its weekly loss. The currency remained vulnerable to concerns that the Australian economy could be negatively affected by new Trade policies in the USA following Donald Trumpâs presidency. Traders are waiting for more decisive signals on wither Trumpâs promised plans of changing or renegotiating the US trade agreements with Australia and a number of other countries are still in place. Hints regarding the probability of these … “Australian Dollar Drops to Its Lowest Level in Nearly a Month”
Great Britain Pound Extends Rally
The Great Britain pound remained strong today, rising for third day in a row against the US dollar and the euro and for the fourth consecutive session versus the Swiss franc and the Japanese yen. While most other currencies were hit by the news about Donald Trump winning the US presidential elections and has started a recovery just now, the sterling was never bothered by the news too much. The reason for that is the High Court’s ruling that … “Great Britain Pound Extends Rally”