EUR/USD has found some stability above the 1.22 handle. Tension is mounting ahead of the ECB. What’s next? Some see the euro stuck in neutral mode. Here are five opinions: Here is their view, courtesy of eFXnews: EUR/USD: Turning Tactically Neutral: Balance Of Risks Into Next Week’s ECB – BNPP BNP Paribas Research discusses EUR/USD … “EUR/USD at crossroads ahead of the ECB: neutral, bullish or bearish?”
Month: January 2018
Death By Blockchain: Most common causes of security breaches
It’s likely that everyone in the Bitcoin community remembers where they were when they heard about Mt.Gox. It was perhaps the lowest of the lows for Bitcoin, and for a time threatened to derail the ascent of cryptocurrencies. Suddenly, the shining beacon of the cryptocurrency movement, the untouchable, unhackable blockchain was fragile. For the first … “Death By Blockchain: Most common causes of security breaches”
Pound Declines Against US Dollar on Weak UK Retail Sales Data
The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued. The GBP/USD currency pair lost over 90 points to decline from a high of 1.3944 to a low of 1.3851 in the early American session. The currency pair started today’s session seesawing between … “Pound Declines Against US Dollar on Weak UK Retail Sales Data”
USD/JPY: Broad 110-114.50 Range; BoJ On Hold Next Week- Danske
Dollar/yen certainly reflected the weakness of the US dollar and also moved up on its recovery. And what about the yen side of the equation? The BOJ triggered a “mini taper tantrum” but will the BOJ really move? Here is their view, courtesy of eFXnews: Danske Research discusses its call for next week’s BoJ January … “USD/JPY: Broad 110-114.50 Range; BoJ On Hold Next Week- Danske”
Euro Consolidates Gains Against US Dollar on Mixed US Data
The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher. The EUR/USD currency pair today rallied by over 75 points from a low of 1.2172 to hit a high of 1.2252 in the early American session. The euro today had … “Euro Consolidates Gains Against US Dollar on Mixed US Data”
Euro Trades Lower on ECB Jawboning and Positive Eurozone Data
The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session. The EUR/USD currency pair lost over 120 points to drop from a high of 1.2322 to hit a daily low of 1.2196 in the mid-European session. The euro’s slide started in the Asian session after hitting … “Euro Trades Lower on ECB Jawboning and Positive Eurozone Data”
USD/CAD: Priced ‘Close To Perfection’; Balance Of Risks Into BoC – BofAML
The Canadian dollar is waiting for the rate decision from the Bank of Canada. Is everything already priced in? Some won’t see Dollar/CAD moving lower. Here is another view: Here is their view, courtesy of eFXnews: Bank of America Merrill Research discusses USD/CAD outlook into the BoC January policy meeting on Wednesday. “We expect the … “USD/CAD: Priced ‘Close To Perfection’; Balance Of Risks Into BoC – BofAML”
US Dollar Rises Against Euro on Higher Expectations That ECB Will Maintain Stimulus
The US dollar took a minor step away from the lowest level in three years against the euro following modest gains on Tuesday amid expectations that monetary stimulus in Europe will be maintained. The greenback also rose against the British pound as it largely ignored a report that revealed weaker manufacturing activity in the New York region. The European Central Bank is unlikely to have a change of mind any time soon … “US Dollar Rises Against Euro on Higher Expectations That ECB Will Maintain Stimulus”
Pound Declines Against US Dollar on Weak UK Inflation Data
The British pound today declined against the US dollar after the release of weak UK inflation data as tracked by the Consumer Price Index. The pound retraced most of yesterday’s gains as demand for the US dollar increased across the board. The GBP/USD currency pair declined by over 60 points from a session high of 1.3806 to hit a low of 1.3741. The currency pair headed lower during the Asian session, but extended its downtrend after the release … “Pound Declines Against US Dollar on Weak UK Inflation Data”
How central banks disrupt the forex market
One of the most common refrains heard by forex traders is about the central banks manipulating currency rates. This refrain often refers to the purchase of significant amounts of foreign currencies by a central bank, but there are many other ways that a central bank can and will manipulate world currency markets. Some of these … “How central banks disrupt the forex market”