The GBP/USD currency pair rallied higher today after dovish comments from James Bullard, President of the Federal Reserve Bank of St. Louis, during the early North American session. The currency pair was on an upward trend for most of the European session following the release of positive CBI trends total orders earlier today. The currency pair gained over 80 points at the height of its rally and was on track to close today’s session at levels much … “GBP/USD Rallies Higher Boosted by Dovish Comments from Bullard”
Month: May 2017
Canadian Dollar Trades Without Direction After Mixed Data
The Canadian dollar traded without clear trend during the current trading session, which made sense considering Canada’s macroeconomic data released today was mixed as well, giving the currency no reason to move in a particular direction. Canadian retail sales rose 0.7% in March after falling 0.4% in February. That was a better reading than a 0.4% increase predicted by analysts. But the core components of the sales (those excluding volatile … “Canadian Dollar Trades Without Direction After Mixed Data”
Brazilian Real Sinks as Political Scandal Emerges
The Brazilian real sank about 7% during the current trading session after allegations were made that the country’s President Michel Temer made an attempt to bribe a witness in a graft probe. Brazilian newspaper O Globo reported late Wednesday that Temer made an attempt to pay former House Speaker Eduardo Cunha to secure his silence in the country’s biggest-ever graft investigation. That led to speculations that the President may be … “Brazilian Real Sinks as Political Scandal Emerges”
US Dollar Stabilizes Against Major Peers as Trump Woes Diminish
The US dollar was little changed on Thursday after maintaining most of the losses it had over the past two days amid higher uncertainty about the prospects of Donald Trumpâs economic agenda. A series of political developments this week left the US president in a difficult position, which weighed on the greenback, but the currency limited its decline as positive economic data eased tradersâ concerns. The latest controversy to surround Trump came in the wake … “US Dollar Stabilizes Against Major Peers as Trump Woes Diminish”
USD: What’s The Trade Into Comey’s Testimony Next Week?
The US dollar has been moving according to the political flow of news in the US. The Comey memo brought the greenback down and the appointment of a special counsel helped it stabilize. What’s next? Here is their view, courtesy of eFXnews: TD Research notes that as the USD has lost ground as of late, it … “USD: What’s The Trade Into Comey’s Testimony Next Week?”
Japanese Yen Pauses Rally as Risk Aversion Eases Somewhat
The Japanese yen paused its rally against the US dollar and some other currencies as risk aversion caused by US politics eased a bit. Yet fears were not gone completely and may return in full force as clouds are gathering over US President Donald Trump and his future as a head of the United States. According to Reuters report, some US officials claimed that people participating in Trump’s election campaign made … “Japanese Yen Pauses Rally as Risk Aversion Eases Somewhat”
GBP/USD Breaks 1.30 Level After Retail Sales Data
The GBP/USD currency pair rallied today, breaking the psychologically important 1.30 level and trading near the highest level since September. Other sterling crosses were also trading higher, though the pound was unable to maintain its gains versus the Japanese yen. Britain’s retail sales climbed by 2.3% in April after falling by 1.4% in March. The gain was almost two times the increase predicted by analysts. Some experts speculated that … “GBP/USD Breaks 1.30 Level After Retail Sales Data”
Australian Dollar Shows Muted Reaction to Good Employment Data
Australian employment data released during the current trading session looked decent, with a surprising surge of employment and an unexpected drop of the unemployment rate. Yet the Australian dollar showed muted reaction to the news, quickly giving up most of its gains it has logged after the report. Australian employment surged by 37,400 in April from March, far exceeding forecasts that were promising a modest rise by 4,500. The gain followed the previous … “Australian Dollar Shows Muted Reaction to Good Employment Data”
What will wake up the forex markets?
EUR/USD volatility is at its lowest since late 2014 and the euro is not alone. We examine how big political shocks merely had a temporary impact on markets. What can make markets move? While timing is problematic, events towards the end of the year could prove interesting. A special focus: Get the 5 most predictable … “What will wake up the forex markets?”
What will wake up the forex markets?
EUR/USD volatility is at its lowest since late 2014 and the euro is not alone. We examine how big political shocks merely had a temporary impact on markets. What can make markets move? While timing is problematic, events towards the end of the year could prove interesting. A special focus: Get the 5 most predictable … “What will wake up the forex markets?”