The euro today retraced most of its gains against the US dollar following the release of German CPI data in the mid-European session. The EUR/USD currency pair headed lower after several releases from the US docket such as the initial jobless claims data did not meet expectations. The EUR/USD currency pair today rallied from a low of 1.1526 to a high of 1.1600 before heading lower following the German and US releases. The currency pair … “Euro Declines on Weak German CPI and US GDP Data, Later Recovers”
Month: June 2018
500 Days in Office—Is Trump Making Good on His Financial Promises?
US President Donald Trump has been in office for more than 500 days, and his Administration has gone to great lengths to persuade the American people that the economy is in good hands. When Donald Trump was sworn in as the 45th President of the United States on January 20, 2017, he promised to “make … “500 Days in Office—Is Trump Making Good on His Financial Promises?”
500 Days in Office—Is Trump Making Good on His Financial Promises?
US President Donald Trump has been in office for more than 500 days, and his Administration has gone to great lengths to persuade the American people that the economy is in good hands. When Donald Trump was sworn in as the 45th President of the United States on January 20, 2017, he promised to “make … “500 Days in Office—Is Trump Making Good on His Financial Promises?”
Pound Drops, Manages to Recover Against Some Rivals
The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report. The Nationwide House Price Index rose 0.5% in June. While it seemed a decent enough reading, especially compared to the predicted increase by just 0.3% and the drop by 0.2% logged in May, experts pointed out … “Pound Drops, Manages to Recover Against Some Rivals”
New Zealand Dollar Falls After Economic Data, Ahead of RBNZ
The New Zealand dollar fell against its most-traded peers today following the mixed macroeconomic reports and ahead of the central bank’s policy meeting. The New Zealand trade balance increased to NZ$294 million in May from NZ$193 million in April (revised negatively from NZ$263 million). That is instead of a decline to NZ$100 million predicted by economists. The ANZ Business Confidence worsened to -39.0 in June from -27.2 in May. The report commented on the result: … “New Zealand Dollar Falls After Economic Data, Ahead of RBNZ”
US Dollar Rises as Trump Avoids Harshest Measures on China
The US dollar today rallied higher against its main trading partners as news emerged that President Donald Trump‘s administration would not be pursuing the harshest measures against China. Several positive releases from the US docket such as the advance goods trade balance also served to strengthen the greenback in the early American session. The US dollar today gained against its main trading peers as tracked by the US Dollar … “US Dollar Rises as Trump Avoids Harshest Measures on China”
AUD/USD: A Monthly Close Below 0.7315/30 Would Target 0.6800/50 – NAB
The Australian dollar has been suffering on trade wars. How low can it go? Here is their view, courtesy of eFXdata: NAB discusses AUD/USD technical outlook and flags a bearish setup upon a break of the 2 year parallel uptrend channel at 0.7315/30. “Weekly hammer candle last week implies that LT support should hold on a … “AUD/USD: A Monthly Close Below 0.7315/30 Would Target 0.6800/50 – NAB”
AUD/USD: A Monthly Close Below 0.7315/30 Would Target 0.6800/50 – NAB
The Australian dollar has been suffering on trade wars. How low can it go? Here is their view, courtesy of eFXdata: NAB discusses AUD/USD technical outlook and flags a bearish setup upon a break of the 2 year parallel uptrend channel at 0.7315/30. “Weekly hammer candle last week implies that LT support should hold on a … “AUD/USD: A Monthly Close Below 0.7315/30 Would Target 0.6800/50 – NAB”
British Pound Falls on the BoE’s Newest Memberâs Dovish Speech
The Sterling pound today fell to new lows against the US dollar following a dovish speech by the Bank of England‘s newest member Jonathan Haskel at his appointment hearing before the UK Parliament. Haskel’s comments coupled with renewed US dollar demand served to trigger the selling of the pound given that Haskel is replacing a hawkish BoE member. The GBP/USD currency pair today declined from a high of 1.3292 to a low of 1.3207, but … “British Pound Falls on the BoE’s Newest Memberâs Dovish Speech”
Yen Continues to Get Boost from Trade War Fears, Ignores Soft Inflation
The Japanese yen gained on its major rivals today despite somewhat soft inflation print that came out in Japan during the Asian trading session. The major supporting factor for the currency remained fears of trade wars. The Bank of Japan core Consumer Price Index rose 0.5% in May, year-on-year, the same as in April. Analysts had expected inflation to accelerate to 0.6%. The Services Producer Price Index rose 1.0% in May, year-on-year, also … “Yen Continues to Get Boost from Trade War Fears, Ignores Soft Inflation”