The Great Britain pound was mixed during Monday’s trading following last week’s strong performance. The currency was flat against the US dollar but gained on the Japanese yen. The sterling remained under pressure from concerns that Brexit negotiations between the United Kingdom and the European Union will not be easy. Indeed, UK Prime Minister Theresa May said: What this shows, and what some … “Great Britain Pound Mixed as Brexit Remains Hot Topic”
Month: May 2017
Aussie Joins Other Asian Currencies in Rally on Monday
The Australian dollar rallied today even as economic data from China, Australia’s biggest trading partner, was lackluster. The Aussie joined other Asian currencies in a rally after the United States avoided government shutdown. US Congress agreed to spend $1 trillion to avert government shutdown later this week. This should be enough to fund federal agencies, which would be closed otherwise except for most essential ones, … “Aussie Joins Other Asian Currencies in Rally on Monday”
CAD: ‘April Showers’ Hit CAD; Is It A Buy? – CIBC
The Canadian dollar suffered from subdued oil prices, Trump’s tariffs and also worries about Canadian housing. What’s next? Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that CAD was given a kick lower this week after the US imposed duties on Canadian lumber, sparking fears that the trade relationship between Trump and Trudeau … “CAD: ‘April Showers’ Hit CAD; Is It A Buy? – CIBC”
First Week of May Should Be Important for US Dollar
The first week of May should be fairly important in determining the US dollar’s performance in the near future due to the policy meeting of the Federal Reserve and plenty of major economic reports, including nonfarm payrolls. The Fed will announce its decision on Wednesday. While the general consensus is that the central bank will not make changes to its monetary policy, market participants will pay close attention to the accompanying statement. They will … “First Week of May Should Be Important for US Dollar”
What’s going on in Turkey?
In the past year, regulators across Europe have been anything but shy about clamping down on Forex brokerage’s modus operandi, from FCA’s lowering of leverage limits to CySEC’s prohibition of bonus offering. As a result, FX brokers have been having a hard time adapting to the new landscape and are therefore looking at countries in … “What’s going on in Turkey?”
What’s going on in Turkey?
In the past year, regulators across Europe have been anything but shy about clamping down on Forex brokerage’s modus operandi, from FCA’s lowering of leverage limits to CySEC’s prohibition of bonus offering. As a result, FX brokers have been having a hard time adapting to the new landscape and are therefore looking at countries in … “What’s going on in Turkey?”