The US dollar dropped against its most-traded peers today following the release of surprisingly underwhelming jobs data and signs of escalation of trade tensions between the United States and China. US nonfarm payrolls grew by just 103,000 jobs in March, far slower than the increase analysts had predicted — by 188,000. Furthermore, the unemployment rate remained unchanged at 4.1%, while experts had promised a small decrease to 4.0%. Wage growth was the only … “US Dollar Soft After Underwhelming NFP, Trade War Escalation”
Month: April 2018
GBP/USD: Staying Structurally Bullish But Unlikely To See A ‘Smooth Straight Line’ – BTMU
The pound has been on the back foot against the dollar but looks better against the euro. What’s next for cable? Here is the view from BTMU: Here is their view, courtesy of eFXnews: BTMU Research discusses GBP outlook and maintains a structural bullish bias targeting the pair around 1.44 by end of Q2, ahead of … “GBP/USD: Staying Structurally Bullish But Unlikely To See A ‘Smooth Straight Line’ – BTMU”
Swiss Franc Gains After Inflation Report
The Swiss franc gained on its most-trade rivals, though not on the US dollar, today after the release of a good inflation print. The Federal Statistical Office reported that the Swiss Consumer Price Index rose 0.4% in March, the same as in February. Analysts had predicted a slower growth by 0.2%. The report said: Various factors contributed to the 0.4% rise compared with the previous month, such as an increase in the price of international package holidays, air … “Swiss Franc Gains After Inflation Report”
Euro Declines Against US Dollar on Mixed Eurozone Data
The euro today declined against the US dollar following the release of weak Markit services PMIs from across the Eurozone in the early European session. The release of weak US data early in the American session could not reverse the euro’s slide against the greenback. The EUR/USD currency pair today lost over 50 points to decline from a high of 1.2290 to trade at a low of 1.2235. The currency pair’s initial decline was triggered by the release of German … “Euro Declines Against US Dollar on Mixed Eurozone Data”
Australian Dollar Weak Despite Positive Fundamentals
The Australian dollar was rather weak today, falling against the US dollar and hovering near the opening level against such currencies like the euro and the Japanese yen. It was surprising considering positive macroeconomic releases from Australia and the generally good market sentiment. The Australian Industry Group services index climbed from 54.0 in February to 56.9 in January. Australia’s trade balance logged a surplus of A$0.83 billion in February. While it … “Australian Dollar Weak Despite Positive Fundamentals”
Canadian Dollar Rebound from Intraday Drop
The Canadian dollar declined intraday during Wednesday’s trading session but has managed to erase its losses versus most major currencies and even logged gains against some of them. The main theme for the Wednesday’s session was escalation of trade tensions between China and the United States. The resulting risk aversion drove down risky assets, including crude oil — Canada’s biggest source of export income. Yet the loonie managed to reverse … “Canadian Dollar Rebound from Intraday Drop”
Sterling Shows Resilience in Face of Poor Data From Britain
The Great Britain pound rallied today against some of its major rivals, though not against the euro, even as macroeconomic data released in the United Kingdom over the trading session was rather poor. The seasonally adjusted IHS Markit/CIPS UK Construction PMI slumped from 51.4 in February to 47.0 in March, far below the consensus forecast of 50.9. The index fell below the neutral 50.0 level for the first time in six months, meaning … “Sterling Shows Resilience in Face of Poor Data From Britain”
EUR/USD Trades in a Tight Range on Both Eurozone and US Data
The EUR/USD currency pair today traded in a tight range from the early European session following the release of mixed Eurozone data. The currency pair remained stable during the American session following several US releases such as the ADP employment change data. The EUR/USD currency pair today traded in a 58-point range between a high of 1.2314 and a low of 1.2256. The core Eurozone CPI print released by Eurostat early in the European session missed expectations … “EUR/USD Trades in a Tight Range on Both Eurozone and US Data”
Oanda Review
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Z.Com Trade Review
Z.Com Trade Review See what our users say about Z.Com Trade Review Do you suspect fraud? Z.Com Trade Review History and Background Acknowledged as the retail forex industry’s volume leader, the GMO CLICK Group officially launched its UK subsidiary Z.com Trade, in March 2015. Founded in Japan in 2005, the group has offices in the … “Z.Com Trade Review”