On election night, USD/JPY traded near 101 at one point, but everything has changed since then. When this specific currency pair picks a trend, it continues for quite consistently. So far, the weaker exchange rate is blessed news for the Bank of Japan. The yen is weaker against both the dollar and the Chinese yuan, making Japan more … “USD/JPY could stabilize in early 2017”
Month: December 2016
Japanese Yen Rises Ahead of BoJ Policy Decision
The Japanese yen climbed against the US dollar on Monday, as currency traders anticipated the latest monetary policy decision from the Bank of Japan. The central bank will release a statement containing its latest policy decision overnight. Investors are expecting that the Bank of Japan will keep its monetary policy unchanged, while lifting its forecast for the economic growth in 2017 higher. The Japanese economy has been showing signs of health … “Japanese Yen Rises Ahead of BoJ Policy Decision”
Chilean Peso Suffers from Policy Outlook
The Chilean peso declined against the US dollar today after the nation’s central bank revised its growth outlook down and expressed a dovish monetary policy outlook. The Central Bank of Chile released its Monetary Policy Report for December today. In it, the central bank predicted that Chile’s gross domestic product will rise 1.5%-2.5% in 2017, down from 1.75%-2.75% in the previous forecast. As for monetary policy outlook, the central bank said … “Chilean Peso Suffers from Policy Outlook”
USD/JPY Struggles to Maintain Upward Momentum As The US Dollar Remains Bullish
The USD/JPY tested new lows as the currency pair lost ground following a drop in the US 10-year bond yields. The US dollar remains strong against other major currencies such as the euro, the Canadian dollar, and the Great Britain pound. The US dollar continues to trade at higher levels than it was before the hiking of interest rates by the Fed. However, Today marks the second consecutive day that the US dollar has lost ground … “USD/JPY Struggles to Maintain Upward Momentum As The US Dollar Remains Bullish”
Mexican Peso Gains on US Dollar After Interest Rate Hike
The Mexican peso traded a bit higher against the US dollar following Thursday’s decision of the Mexican central bank to hike interest rates. The Bank of Mexico raised its main interest rate by 50 basis points to 5.75%. It was the fifth increase this year. Analysts see the aggressive monetary tightening as the central bank’s attempt to support the Mexican currency that has shown massive decline after Donald Trump won the US … “Mexican Peso Gains on US Dollar After Interest Rate Hike”
British Pound Declines on Growing Uncertainty Towards Brexit
The British pound opened the week on a negative note today, as thin trading volumes pushed the currency lower against its major peers. Increasing uncertainty toward Brexit caused the British pound to decline for the past two weeks against the US dollar. Currency traders avoided the British currency ahead of Christmas, after new comments from a number of officials revealed growing tensions in the legal fight of Brexit. Scotland First Minister Nicola Sturgeon … “British Pound Declines on Growing Uncertainty Towards Brexit”
What to expect from the FED in 2017
The Fed not only raised rates but also made an unprecedented upgrade of its interest rate path for 2017, to three hikes. This is the main reason for the dollar’s surge. The forecast for three hikes as a message that the Fed is indeed confident in the steady growth path of the US economy. However, a total of … “What to expect from the FED in 2017”
Forex Trading for the unbanked
Did you know that worldwide there are approximately 2.5 million people who do not have a formal account at a financial institution? This analysis comes out of a report published by the World Bank that goes on to say, that while most of these people come from poor undeveloped countries, there is still a significant … “Forex Trading for the unbanked”
Forex Trading for the unbanked
Did you know that worldwide there are approximately 2.5 million people who do not have a formal account at a financial institution? This analysis comes out of a report published by the World Bank that goes on to say, that while most of these people come from poor undeveloped countries, there is still a significant … “Forex Trading for the unbanked”
EUR/USD: Major Breakdown Underway: Levels & Targets – BofA
EUR/USD hit 14-year lows after the hawkish hike from the Fed. What’s next? Here is the view from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: It’s been nearly a year since EUR/USD was trading this low. Last December we had enough technical evidence to go against the grain. However this time … “EUR/USD: Major Breakdown Underway: Levels & Targets – BofA”