The US dollar weakened against a basket of its major peers on Tuesday, as traders anticipated a monetary policy decision from the Federal Reserve that will be released on Wednesday. The greenback failed to harness enough strength from solid gains in the real estate market, as the spotlight remained on possible hints of future interest rates tomorrow. Prices of federal funds futures showed that investors are pricing in a 98.6% chance that the Federal Open … “US Dollar Declines Despite Strong Housing Numbers”
Month: September 2017
Drop of Consumer Confidence Doesn’t Affect New Zealand Dollar
The New Zealand rose today, joining its Australian counterpart in a rally, even though the New Zealand consumer confidence dropped this month. The Westpac Consumer Confidence Index slipped from 113.4 in August to 112.4 in September. Yet the report was not particularly pessimistic despite the drop, saying: While consumer confidence has eased a little, households remain in good spirits. That and the general optimistic market sentiment allowed the kiwi to retain … “Drop of Consumer Confidence Doesn’t Affect New Zealand Dollar”
Drop of Aussie After RBA Minutes Doesn’t Last Long
The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest policy meeting. The fall was very brief, though, and the Aussie has recovered against its major rivals by now. Positive housing data likely helped the currency to some degree. The Australian Bureau of Statistics reported that housing prices rose 1.9% in the June quarter from the previous three months, exceeding market expectations of 1.2%. As for the RBA … “Drop of Aussie After RBA Minutes Doesn’t Last Long”
EUR/USD Consolidates Gains After Release of ZEW Survey Data
The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations. The EUR/USD currency pair began today’s session with significant upward momentum as it rallied to levels above 1.2000. The release of the German ZEW survey allowed the currency pair to consolidate its gains around the 1.1990 … “EUR/USD Consolidates Gains After Release of ZEW Survey Data”
EUR/USD: Balance Of Risks Into This Week’s FOMC –
The Fed’s rate decision is the main event of the week. EUR/USD stabilized at a somewhat lower ground. How does the world’s most popular pair enter this decision? Here is their view, courtesy of eFXnews: The main event of the week is the September FOMC meeting on Wednesday and Barclays Capital Research expects no change … “EUR/USD: Balance Of Risks Into This Week’s FOMC –”
US Dollar Rises Against Most Major Peers Ahead of Federal Reserve Meeting
The US dollar rose against most of its major counterparts on Monday to begin the week on a positive note, as traders anticipated the outcome of the latest Federal Reserve meeting. However, solid inflation data in the eurozone pushed the euro higher against the greenback. The Federal Open Market Committee will begin a meeting that will last two days tomorrow. Policymakers will decide whether adjustments to the monetary policy are required to maintain the health of the US … “US Dollar Rises Against Most Major Peers Ahead of Federal Reserve Meeting”
Euro Firm During Monday’s Trading, CPI Helps Preserve Momentum
The euro was relatively strong against its major rivals today. The inflation data released during the current trading session, being rather positive, did not give the currency a reason to reverse its trend. The eurozone consumer inflation in August was finalized at 1.5%, up from 1.3% in July. It was the same as in the preliminary estimate and the median forecast. The euro continued to rise after the data, but the currency may yet be … “Euro Firm During Monday’s Trading, CPI Helps Preserve Momentum”
Pound Starts Week Mixed as Traders Wait for Carney
The Great Britain retreated versus the euro today after six consecutive sessions of gains. The currency remained stable against the US dollar and continued to rally versus the Japanese yen. The Bank of England surprised market participants last week, signaling that an interest rate hike may be near. Now, traders wait for the speech of BoE Governor Mark Carney in Washington scheduled for 15:00 GMT today, hoping to hear additional information about … “Pound Starts Week Mixed as Traders Wait for Carney”
Top 4 Most Evolutionary ICO Campaigns
Initial Coin Offerings (ICO’s), the cryptocurrency version of an IPO, are increasingly becoming a popular way for new cryptocurrency projects to raise funds. With cryptocurrencies disrupting something as entrenched and fundamental as currency use, the interest is even more fevered. Add to that, the current proliferation of new cryptocurrencies for every conceivable market segment, and … “Top 4 Most Evolutionary ICO Campaigns”
Top 4 Most Evolutionary ICO Campaigns
Initial Coin Offerings (ICO’s), the cryptocurrency version of an IPO, are increasingly becoming a popular way for new cryptocurrency projects to raise funds. With cryptocurrencies disrupting something as entrenched and fundamental as currency use, the interest is even more fevered. Add to that, the current proliferation of new cryptocurrencies for every conceivable market segment, and … “Top 4 Most Evolutionary ICO Campaigns”