The GBP/USD currency pair dropped significantly during today’s session after the announcement by the Bank of England that its inflation outlook and interest rates remains the same. The currency pair started the day’s session trading sideways, but went on to lose most of its gains from the previous session as the BoE’s announcement triggered a selling frenzy around the British pound. The currency pair lost about 100 points after the BoE’s announcement that it would be maintaining … “GBP/USD Drops After BoE’s Dovish Comments and Neutral Outlook on UK Inflation”
Month: February 2017
EUR/USD: Trading the US Nonfarm Employment Payrolls
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 13:30 GMT. Indicator Background Job … “EUR/USD: Trading the US Nonfarm Employment Payrolls”
US Dollar Rebounds as Hiring from Private Sector Exceeds Expectations
The US dollar strengthened on Wednesday, after touching its lowest level in two months on Tuesday, as employment from the private sector in the United States improved. A report released by ADP Research Institute earlier today showed that private sector employment increased by 246,000 in January from December on a seasonally adjusted basis. Midsized businesses accounted for almost half of the increase, adding 102,000 employees. Meanwhile, large private businesses filled 83,000 jobs … “US Dollar Rebounds as Hiring from Private Sector Exceeds Expectations”
GBP/USD Rallies Boosted by Positive UK Manufacturing PMI Data
The GBP/USD currency pair rallied higher during the European session today as markets expected parliament to vote in favor of triggering article 50 later today. The British pound gained significantly against the US dollar despite the greenback being on a recovery path against other major currencies today. The currency pair had gained over 50 pips since the start of the day’s trading and was performing well even during the North American session. … “GBP/USD Rallies Boosted by Positive UK Manufacturing PMI Data”
USD/CAD: The Trump-Trade Squeeze Hypothesis – TD
The Canadian dollar enjoyed the positive GDP number and the dollar fell on Trump. What’s next? Here is their view, courtesy of eFXnews: A healthy Nov GDP report underpinned CAD. The headline beat expectations coming in line with TD’s expectations of a 0.4% m/m gain. Under the hood, the goods-producing industries led the gains while services made a … “USD/CAD: The Trump-Trade Squeeze Hypothesis – TD”
EUR/USD: Jump’s ‘Excessive’ And ‘Noise’; We’re Short Into This
EUR/USD had a nice ride to the topside, enjoying the weakness of the Donald Dollar as well as positive data from the euro-zone. SocGen is short into this rally: Here is their view, courtesy of eFXnews: All the jawboning is chopping FX rates around all over the place, and I’ve been reading more and more about … “EUR/USD: Jump’s ‘Excessive’ And ‘Noise’; We’re Short Into This”
USD Into FOMC: Looking For A ‘Reprieve’ For USD? –
The Fed convenes after raising rates last time and as Trump makes his dent in the Oval Office. What can we expect? Here is their view, courtesy of eFXnews: We do not expect fireworks from the upcoming FOMC meeting. The Federal Reserve will be releasing its statement without a press conference or Summary of Economic Projections … “USD Into FOMC: Looking For A ‘Reprieve’ For USD? –”