The Australian dollar slumped against all major currencies today, falling to the lowest level since June 2017 against the US dollar, after nation’s retail sales unexpectedly halted growth in March. Rising imports in China, Australia’s biggest trading partner, did little to support the currency. Australian retail sales showed no growth in March from the previous month following the 0.6% increase in February. That is compared to the predicted growth … “Australian Dollar Tanks After Disappointing Retail Sales”
Month: May 2018
Canadian Dollar Mixed-to-Lower Despite Strong Rally of Crude
The Canadian dollar traded mixed-to-lower today. With lack of any macroeconomic releases during the Monday’s trading session, traders turned their attention towards future releases. The rally of crude oil prices had limited impact on the currency. Prices for crude oil jumped more than 1% today as plenty of factors were supporting the commodity. Usually, the loonie follows moves of crude, but today that was not the case. By now, the currency … “Canadian Dollar Mixed-to-Lower Despite Strong Rally of Crude”
US Dollar Touches Record High for 2018
The US dollar was mixed today, rising against some rivals, falling against others, or staying flat versus some. The currency remained broadly supported by the outlook for higher interest rates from the Federal Reserve. The Dollar Index rose 0.16% to 92.716 today. Earlier today, the index touched 92.974 — the highest level this year. Some analysts speculated that the rally of crude oil prices was helpful to the currency as higher energy … “US Dollar Touches Record High for 2018”
Euro Trades Lower on Disappointing Releases From Across the Eurozone
The euro was on a downtrend today from the mid-Asian session to the mid-European session as the markets digested the mixed US non-farm payroll report from Friday. The euro’s decline was further accelerated by weak releases from across the Eurozone such as the disappointing German factory orders for March. The EUR/USD currency pair today lost over 75 points to decline from an initial high of 1.1978 to a low of 1.1898. The mixed non-farm payroll report, which registered … “Euro Trades Lower on Disappointing Releases From Across the Eurozone”
Australian Dollar Lower Despite Record High Business Conditions
The Australian dollar traded broadly lower today despite a report that showed that the business conditions index reached the record high level last month. National Australia Bank reported that the business conditions index increased from +15 to +21 in April, reaching the highest level since the survey was performed in March 1997 for the first time. Furthermore, the business confidence index improved from +8 to +10. Alan Oster, NAB … “Australian Dollar Lower Despite Record High Business Conditions”
Casualties of War – The Financial Toll of an All-out Proxy War in Syria
There is one thing common to all wars fought by Man since time immemorial, apart from the death and destruction—it is an opportunity to make money. War and economics march hand in hand, and nowhere is that more clearly illustrated than in the complex war in Syria, which has now been raging for almost seven … “Casualties of War – The Financial Toll of an All-out Proxy War in Syria”
US Dollar Retains Strength After Disappointing Nonfarm Payrolls
The US dollar showed relatively solid performance today, considering that the major economic release, nonfarm payrolls, came out rather disappointing. The headline figure came out below expectations at 164,000 versus forecasts of 190,000. Wage inflation remained stable at 0.2%, while analysts had expected it to accelerate a bit to 0.3%. The unemployment rate was the only part of report that turned out to be better than expected, falling … “US Dollar Retains Strength After Disappointing Nonfarm Payrolls”
Euro Declines on Weak Eurozone PMI Releases Amid Poor NFP Data
The euro today was on a downtrend against the US dollar following the release of weak PMI data from across the Eurozone by IHS Markit. The euro’s downtrend was further accelerated by the release of disappointing Eurozone retail sales data for March in the early European session. The EUR/USD currency pair today lost over 80 points to decline from a high of 1.1995 to a low of 1.1910. The currency pair was on a downtrend from the late Asian session and the release … “Euro Declines on Weak Eurozone PMI Releases Amid Poor NFP Data”
Aussie Rallies on RBA Statement & China’s Data, Unable to Keep Gains
The Australian dollar rallied intraday, lifted by the optimistic outlook for the nation’s economy and positive macroeconomic data from China. Yet the currency was unable to preserve gains, falling to the opening level against some rivals and below it against others by now. The Reserve Bank of Australia released its Statement on Monetary Policy today. The outlook for the Australian economy, expressed by the central bank, was rather optimistic, though the RBA voiced concern about increasing … “Aussie Rallies on RBA Statement & China’s Data, Unable to Keep Gains”
The end of DDoS? Future promises and current problems with blockchain technology
Blockchain technology is currently being hailed as, well, many things. In any given day you might see it called a disruptor or the future of financial transactions or the answer to data storage and digital identity issues or the technology that will finally put an end to DDoS attacks. New technologies are never a stranger … “The end of DDoS? Future promises and current problems with blockchain technology”