US data is back to hurting the US dollar. For EUR/USD, the correction seems to be over. What’s next? Here is their view, courtesy of eFXnews: CIBC Research comments on today’s US July CPI data Inflation data noticing that it missed a bit to the low side of consensus, with 0.1% gains in both headline and core … “USD: US July CPI Missed A Bit; Overall USD Negative”
Month: August 2017
US Dollar Weakens Against Euro as Inflation Data Misses Estimates
The US dollar declined against the euro on Friday to touch its weakest level in 3 days, as fresh data for inflation rate in the United States disappointed investors. Weak economic releases in recent weeks lowered expectations that the Federal Reserve might raise interest rates before the end of the year, which weighed on the greenback. The US Bureau of Labor Statistics said that the consumer price index increased 0.1% between June and July on a seasonally … “US Dollar Weakens Against Euro as Inflation Data Misses Estimates”
USD/CAD Tests New Lows After Release of Weak US CPI Data
The USD/CAD currency pair today tested new lows after the release of weak CPI data by the US Bureau of Labor Statistics. The weak crude oil prices in the global market could not allow the currency pair to drop much lower as the Canadian dollar is closely linked to global oil prices. The USD/CAD currency paid declined by about 100 points after the release of the US CPI data, but had since retraced some … “USD/CAD Tests New Lows After Release of Weak US CPI Data”
EUR/USD Rallies Briefly Post US Jobless Claims and PPI Data
The EUR/USD currency pair today rallied higher briefly after the release of negative US weekly jobless claims data by the US Department of Labor. The currency pair’s rally was also due to US dollar weakness precipitated by the disappointing US producer price index data, which was also released today, but fell short of expectations. The EUR/USD currency pair rallied by over 40 points from its daily low after … “EUR/USD Rallies Briefly Post US Jobless Claims and PPI Data”
British Pound Rallies Slightly Against US Dollar on Mixed UK Data
The British pound today rallied slightly higher against the US dollar after the release of mixed macro data from the UK docket. The release of positive industrial production data by the Office for National Statistics boosted the British pound even as the construction output and trade balance figures missed expectations. The GBP/USD pair opened the day’s session trading downwards, but the release of macro data from the UK docket allowed the pair to rally higher by over … “British Pound Rallies Slightly Against US Dollar on Mixed UK Data”
US Dollar Erases Earlier Gains as Geopolitical Tensions Increase
The US dollar surged against a number of its major peers on Wednesday before giving up most of its gains, as traders focused on rising geopolitical tensions between the United States and North Korea. The greenback had little support from mixed economic data in the United States today as a report showed that while nonfarm productivity rose in the second quarter of 2017, labor costs lagged behind. In the latest development to the existing geopolitical tensions … “US Dollar Erases Earlier Gains as Geopolitical Tensions Increase”
US Dollar Surges Against Euro on Record High Job Openings in June
The US dollar touched its best level in eight days against the euro on Tuesday following a report that revealed the highest job openings in record in the United States. An index that tracks the strength of the greenback against other major currencies also rose today to reach its strongest level in two weeks. The Bureau of Labor Statistics said in a report that was released this afternoon that the number of job openings increased 461,000 … “US Dollar Surges Against Euro on Record High Job Openings in June”
EUR/USD Trades Sideways on Weak German Trade Balance Data
The EUR/USD currency pair today traded sideways for most of the European session as the markets reacted to empty dockets both in Europe and the United States. The release of the German trade balance data late in the Asian session did not provide any impetus to the single currency as the pair continued to trade sideways. The EUR/USD pair was trading in a 27 point range for most of today’s session ahead of the beginning of the North American session. The currency pair was trading … “EUR/USD Trades Sideways on Weak German Trade Balance Data”
EUR/USD: Enough For Now But Risk Of Testing 1.20
EUR/USD is still consolidating around 1.18, taking its sweet time after a turbulent and busy week. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that the move up in EUR/USD from the low 1.16s to above 1.18 in the past fortnight (high of 1.1910 on August 2nd) has taken … “EUR/USD: Enough For Now But Risk Of Testing 1.20”
A Future Prediction on Cryptocurrencies
Oh, 2013. How young we all were. When Bitcoin took off in 2013 the world felt like a different place. Cryptocurrencies were suddenly the future of currencies, with regular currencies immediately looking careworn. Silk road, the blockchain, the search for Satoshi Nakamoto, tax departments trying to grab revenue, the me-too currencies surfacing everywhere, the unlinking … “A Future Prediction on Cryptocurrencies”