The Great Britain pound was the strongest major currency this week as UK Prime Minister Theresa May surprised markets, announcing a snap general election. The Prime Minister announced that the election will happen on June 8 of this year instead of the scheduled date in 2020. The Parliament approved the idea, with the vast majority voting for it. May’s Conservative party having significant support according to polls, thus the election is likely … “Great Britain Pound Strong After Election Announcement”
Month: April 2017
French elections: these 8 brokers made changes to leverage,
The French presidential election is the No. 1 political event of the year and could have a profound impact on the European Union and the euro. Forex brokers are bracing themselves for big movements. The “nightmare scenario” of Le Pen vs. Melenchon could have the strongest effect, but there are three additional scenarios in our preview. Some … “French elections: these 8 brokers made changes to leverage,”
French elections: these 8 brokers made changes to leverage,
The French presidential election is the No. 1 political event of the year and could have a profound impact on the European Union and the euro. Forex brokers are bracing themselves for big movements. The “nightmare scenario” of Le Pen vs. Melenchon could have the strongest effect, but there are three additional scenarios in our preview. Some … “French elections: these 8 brokers made changes to leverage,”
US Dollar Edges Higher on Strong Housing Data and Anticipation for French Election
The US dollar strengthened against the euro on Friday, following the release of positive data for the US housing sector. Investors are keeping a close eye on the French presidential election on Sunday, which weighed on the shared currency and gave way for the greenback to score more gains today. The US National Association of Realtors released a report on existing home sales earlier today. The report said that sales rose 4.4% to 5.71 million in March, after decreasing … “US Dollar Edges Higher on Strong Housing Data and Anticipation for French Election”
EUR/USD: Trading the First Round Of French Elections –
EUR/USD is holding its breath but beginning to show signs of worry towards the French elections. What’s the trade? Here is their view, courtesy of eFXnews: Going into the first round of the French elections on Sunday, BTMU FX Strategy Research’s base case for a higher EUR is mainly based on the assumption that neither … “EUR/USD: Trading the First Round Of French Elections –”
Yen Gains on Economic Data, Risk Aversion
The Japanese yen was firm today after the release of positive domestic macroeconomic data. The currency gained on the euro also due to the market sentiment that worsened after what looks like as a terrorist attack in France. Japan’s tertiary industry activity rose 0.2% in February from the previous month (seasonally adjusted) after falling at the same rate in January. The Nikkei Flash Japan Manufacturing PMI increased from 52.4 in March to 52.8 in April. … “Yen Gains on Economic Data, Risk Aversion”
Pound Drops After Unexpectedly Poor Retail Sales Data
The Great Britain pound fell today after the release of disappointing retail sales data for March. Britain’s retail sales fell 1.8% in March from February. Forecasts promised a much smaller drop by 0.3%. The sterling slipped following the report but remained at relatively elevated levels that it has reach after the surprise announcement of a snap general election on June 8. GBP/USD slid from 1.2810 to 1.2778 as of 11:35 GMT today … “Pound Drops After Unexpectedly Poor Retail Sales Data”
GBP: To Stay Supported; Still 11% Undervalued – Barclays
Pound/dollar got a significant boost from the announcement about the elections on June 8th, unleashing a massive short squeeze. What’s next? There is a lot of room to go. Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research expects the GBP to remain supported going into the snap UK general election but notes … “GBP: To Stay Supported; Still 11% Undervalued – Barclays”
US Dollar Stays Lower on Lackluster Manufacturing Data
The US dollar remained weaker against the euro on Thursday as traders digested a disappointing report on manufacturing activity in the Philadelphia region, which was released earlier today. However, an index that tracks the strength of the greenback rose as the US currency improved against a number of its major peers. The report, which was published by the Federal Reserve Bank of Philadelphia, said that manufacturing activity in the bankâs region continued to expand in April. An index for manufacturing activity … “US Dollar Stays Lower on Lackluster Manufacturing Data”
Euro Climbs Higher Against Peers on Positive Consumer Confidence Data
The euro rallied higher against its main peers after the release of better-than-expected consumer confidence data by the European Commission. The currency also rallied hogher after the release of the Eurozone construction industry data for February, which beat expectations. The EUR/USD currency pair started the day’s session on a steady rising trend for several hours before retracing some of its gains, then later rallying higher and then retracing some of its gains. The euro rallied … “Euro Climbs Higher Against Peers on Positive Consumer Confidence Data”