The Japanese yen fell against the US dollar during the current trading session. While the currency had also been down versus other rivals intraday, currently the yen reversed its decline, erasing losses outright against some peers. Looking at today’s economic data, it seemed good for the yen. Japan’s trade balance turned from a deficit of ¥0.21 trillion in February to a surplus of ¥0.12 trillion in March. It was somewhat … “Yen Falls vs. US Dollar, Reverses Losses vs. Other Rivals”
Month: April 2018
Aussie Falls As RBA Hints at No Interest Rate Hike in Near Future
The Australian dollar was somewhat soft on Tuesday after the release of policy minutes by the Reserve Bank of Australia. Macroeconomic data from China, Australia’s biggest trading partner, did not help the currency, being rather mixed. The RBA released minutes of its April meeting today. The central bank confirmed that it expects to perform a hike, not a cut, as its next move: In current circumstances, members agreed that it was … “Aussie Falls As RBA Hints at No Interest Rate Hike in Near Future”
Canadian Dollar Rallies with Crude Oil, Not Bothered by Mixed Data
The Canadian dollar gained on most of its major peers on Tuesday. While Canada’s economic data was mixed, the silver lining for the currency was the rally of crude oil prices. Foreign investment in Canadian securities fell from C$5.6 billion in January to C$4.0 billion in February instead of rising to C$7.2 billion as analysts had predicted. Meanwhile, manufacturing sales increased by 1.9% in February, beating the average forecast of a 1.0% increase, after falling 1.3% … “Canadian Dollar Rallies with Crude Oil, Not Bothered by Mixed Data”
Euro Slips as ZEW Economic Sentiment Declines Sharply
The euro fell against most its major rivals (though not against the weak Great Britain pound) on Tuesday as the ZEW Economic Sentiment for Germany was rather disappointing. The ZEW Indicator of Economic Sentiment for Germany dropped sharply from 5.1 in March to -8.2 in April. While analysts had anticipated a decline into negative territory, they were still expecting a far better reading in neighborhood of -0.8. The report explained the deteriorating sentiment … “Euro Slips as ZEW Economic Sentiment Declines Sharply”
GBP/USD Declines on Mixed UK Jobs Report and Upbeat US Housing Data
The GBP/USD currency pair today traded lower after the release of mixed UK labour market report in the early European session. The currency pair cemented its losses during the early American session after the release of upbeat US housing data amid a resurgence in US dollar demand. The GBP/USD currency pair today lost over 70 points to decline from a high of 1.4377 to trade at a low of 1.4304 at the time of writing. The currency pair … “GBP/USD Declines on Mixed UK Jobs Report and Upbeat US Housing Data”
4 reasons for the BOC to prepare for a rate hike – BOC Preview
The BOC convenes for an important rate decision which also consists of new forecasts and a press conference. Canadian policymakers can be pleased with NAFTA progress, oil, and jobs but not all is rosy. The USD/CAD is apparently in a downtrend, but close to oversold territory. The Bank of Canada is likely to leave the … “4 reasons for the BOC to prepare for a rate hike – BOC Preview”
Like leverage and trade in Europe? Changes are coming
ESMA is rolling out significant changes for forex trading in the European Union. What are the regulations? How will they impact trading? How can I prepare? This article aims to answer all these questions and more. What it is all about and what we think about it What are the regulations in general? The new … “Like leverage and trade in Europe? Changes are coming”
Like leverage and trade in Europe? Changes are coming
ESMA is rolling out significant changes for forex trading in the European Union. What are the regulations? How will they impact trading? How can I prepare? This article aims to answer all these questions and more. What it is all about and what we think about it What are the regulations in general? The new … “Like leverage and trade in Europe? Changes are coming”
Euro Rallies Against US Dollar Despite Positive US Retail Sales Data
The euro today rallied higher against the US dollar despite the release of positive US advance retail sales data in the early American session. The single currency was on an uptrend against the greenback from the early European session following a resurgence in the selling pressure on the greenback. The EUR/USD currency pair today gained over 68 points to rally from a low of 1.2323 to a high of 1.2394 in the early American session. The euro’s rally against the US dollar … “Euro Rallies Against US Dollar Despite Positive US Retail Sales Data”
USD/JPY: 3 Reasons For Fuhrer Strength Towards 116 In Q3 – BofAML
USD/JPY moved higher and stalled near 108. Can it extend its gains further? Here is the view from Bank of America Merill Lynch. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses USD/JPY outlook and maintains its bullish bias on the pair targeting more upside towards 112 in Q2 and … “USD/JPY: 3 Reasons For Fuhrer Strength Towards 116 In Q3 – BofAML”