The Australian dollar rose against its most-traded counterparts today following yesterday’s drop after the Reserve Bank of Australia decided to leave its monetary policy unchanged. The RBA kept the key interest rate unchanged at 1.5%. Such decision was widely anticipated by analysts. The central bank was surprisingly optimistic in its statement about the global economy and the economy of Australia’s main trading partner, China, in particular: In China, growth was stronger … “Aussie Moves Higher After RBA Maintains Policy, Makes Hawkish Remarks”
Month: February 2017
Japanese Yen Finds Strength in Political Uncertainty
The Japanese yen gained on all of its major rivals on Monday and continued to exhibit strength against such currencies as the euro and the Swiss franc on Tuesday. Against the US dollar the yen halted its rally, while it actually pulled back versus the Great Britain pound. Political uncertainty is seen by market analysts as the main reason for the yen’s strength as investors were running to the safety of the Japanese currency. In Europe, quite a few elections are … “Japanese Yen Finds Strength in Political Uncertainty”
USD/JPY: Topped Out N-Term: Key Levels To Watch – Citi
The US dollar is struggling with the new president but this is most notable with USD/JPY. What’s next? Here is the view from Citi. Here is their view, courtesy of eFXnews: USDJPY looks like it has topped out similar to how it did after the Fed started hiking rates in 1999. We’ve also held the 76.4% Fibonacci … “USD/JPY: Topped Out N-Term: Key Levels To Watch – Citi”
EUR Trims Decline vs. USD & GBP, Keeps Losses vs. JPY & CHF
The euro fell against the US dollar and the Great Britain pound on Monday but has trimmed its losses by now. The currency fared worse versus the Swiss franc and the Japanese yen, keeping its big losses. There were plenty of reasons for the euro’s decline. One of them is political uncertainty in Europe ahead of this year’s elections. In particular, France is preparing for presidential elections in April, and far-right National Front leader Marine … “EUR Trims Decline vs. USD & GBP, Keeps Losses vs. JPY & CHF”
US Dollar Moves Higher Against Euro Following Draghi’s Dovish Comments
The US dollar rose against the euro and a basket of other major peers on Monday, as investors expected the greenback to get closer to parity with the shared currency. European Central Bank President Mario Draghi made a statement today that delivered a dovish outlook for the central bankâs monetary policy. The US currency managed to rise despite uncertainty towards President Donald Trump, as a number of decisions he made raised concerns towards geopolitical stability … “US Dollar Moves Higher Against Euro Following Draghi’s Dovish Comments”
GBP/USD Trades Lower Based on Brexit Uncertainties, Later Recovers
The GBP/USD lost significant ground in the early hours of the North American session as the US dollar gained strength and traded higher than in the previous session. The British pound weakened significantly against the US dollar after an announcement from Theresa May’s office indicated that her government was committed to its Brexit agenda. The currency pair lost over 50 points at the height of its decline, but has so far recovered and is … “GBP/USD Trades Lower Based on Brexit Uncertainties, Later Recovers”
NZD/USD: Trading the New Zealand Inflation Expectations
New Zealand Inflation Expectations, which is released every quarter, gauges consumer expectations of which direction inflation is headed. A reading which is higher than forecast is bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Tuesday at 2:00 GMT. Indicator Background Inflation Expectations is useful for predicting actual … “NZD/USD: Trading the New Zealand Inflation Expectations”
AUD/USD: Upside Moves Unlikely To Be Sustained; Narrow Range
The Australian dollar managed to climb and hold onto the 0.76 handle. What’s next as we await the RBA? Here is their view, courtesy of eFXnews: The broad retracement of US dollar strength in January reflecting increased protectionist steps by the Trump administration in the early stages of his presidency explains a good portion of the … “AUD/USD: Upside Moves Unlikely To Be Sustained; Narrow Range”
GBP: ‘No Fallback Options For Hard Brexit’; We Stay Core
The British parliament is moving forward with processing Article 50. What does it mean for sterling? Here is their view, courtesy of eFXnews: A positioning squeeze coupled with a broader dollar sell-off has made holding sterling shorts painful this year. We’re unconvinced the rally is sustainable. Article 50 negotiations should start badly. The likely date for talks … “GBP: ‘No Fallback Options For Hard Brexit’; We Stay Core”
USD: Time To Take Trump Literally? How To Position In
The Trump Trade is beginning to become the Donald Downfall. What’s next? Here is their view, courtesy of eFXnews: Markets are gradually getting concerned that the pre-election Trump and the postelection Trump may be the same person. One by one, President Trump seems to be carrying out his pre-election promises, some of which may not necessarily … “USD: Time To Take Trump Literally? How To Position In”