The EUR/USD currency pair today made a subdued recovery during the early European session after the release of positive Eurozone PMI data. The final December PMIs released by Markit Economics were the main trigger behind the currency pair’s soft rally. The EUR/USD currency pair today gained over 50 points from a daily low of 1.2003 hit during the Asian session to a high of 1.2056 reached during the early European session. The single … “EUR/USD Makes Subdued Recovery on Positive Eurozone PMIs”
Month: January 2018
EUR/USD: How high can it go and will the ECB react?
EUR/USD is holding onto 1.20 despite attempts for a recovery from the US dollar. What’s next for the common currency? At some point, we could see the ECB expressing its discontent. Here is their view, courtesy of eFXnews: EUR/USD: ‘Embrace The Strong EUR’ In 2018 Ahead Of Next Major Catalyst – ING ING FX Strategy … “EUR/USD: How high can it go and will the ECB react?”
Swiss Franc Falls vs. Dollar & Euro Following Manufacturing PMI
The Swiss franc fell against the US dollar and the euro today despite the better-than-expected manufacturing report released in Switzerland during the trading session. The manufacturing Purchasing Managers’ Index reported by Procure was at 65.2 in December, little changed from the November’s level of 65.1. That is instead of falling to 64.6 as analysts had predicted. Yet it did not help the Swissie, which fell against most of its major peers. USD/CHF rallied … “Swiss Franc Falls vs. Dollar & Euro Following Manufacturing PMI”
British Pound Falls as Construction Activity Declines in December
The British pound fell against most of its major peers on Wednesday following a fresh release that showed a drop in activity within the construction sector in the last month of 2017. The British currency further weakened against the US dollar as traders anticipated the minutes of the last Federal Open Market Committeeâs meeting. The Chartered Institute of Purchasing and Supply, which releases a monthly report on construction activity in the United Kingdom, said today that the sector saw … “British Pound Falls as Construction Activity Declines in December”
Euro Trades Lower Against US Dollar Ahead of FOMC Minutes
The euro today traded lower against the US dollar amid a broad-based greenback recovery for most of today’s session. The single currency was largely unaffected by the positive German employment data released by the Federal Statistical Office. The EUR/USD currency pair lost over 50 points from today’s high of 1.2065 to hit a low of 1.2010 during the mid-European session. Several factors contributed to the euro’s decline, chief among them being the positive sentiment … “Euro Trades Lower Against US Dollar Ahead of FOMC Minutes”
GBP/USD: Staying Structurally Bullish Targeting A Break Above 1.40 – BTMU
GBP/USD had a positive end to 2017, but that was mainly thanks to the weakness of the British pound. Can Sterling find its own footing and rise to higher ground? The team at BTMU is quite bullish. Here is their view, courtesy of eFXnews: BTMU FX Strategy Research discusses GBP outlook and maintains a structural bullish … “GBP/USD: Staying Structurally Bullish Targeting A Break Above 1.40 – BTMU”
CAD Gains on USD, Trims Losses vs. Other Rivals
The Canadian dollar rallied versus its US counterpart thanks to the broad-based weakness of the US currency. The loonie fell versus its other most-traded rivals, but has trimmed losses by the end of the Tuesday’s trading session. One of the reasons for the currency’s rally was the strong performance of crude oil, Canada’s most important export commodity. Although prices for crude have retreated from the day’s highs by Tuesday’s close, intraday they reached the highest … “CAD Gains on USD, Trims Losses vs. Other Rivals”
US Dollar Starts 2018 with Extreme Weakness
The US dollar started 2018 extremely week, extending the trend from 2017 and falling against all of its major rivals. Traders continued to doubt that the Federal Reserve will be able to fulfill its plans of three interest rate hikes this year. Coupled with expectations of tighter monetary policy from central banks of other developed nations, that means the dollar is losing its major supporting factor — … “US Dollar Starts 2018 with Extreme Weakness”
Protected: 5 Most Predictable Currency Pairs – Q1 2018
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GBP Gains on USD, Falls vs. Other Rivals After Manufacturing PMI
The Great Britain pound gained on the US dollar but fell versus other most-traded currencies after the release of Britain’s manufacturing PMI. The seasonally adjusted IHS Markit/CIPS Manufacturing Purchasing Managers’ Index fell to 56.3 in December from 58.2 in November, far below the forecast level of 58.0. Still, it was far above the neutral 50.0 level that separates expansion from contraction, and the average reading in the last quarter of 2017 was … “GBP Gains on USD, Falls vs. Other Rivals After Manufacturing PMI”