The New Zealand dollar fell today after a report showed that the New Zealand economic growth slowed last quarter. The currency managed to trim losses by now, erasing them against the US dollar entirely. Statistics New Zealand reported that gross domestic product rose 0.5% in the March quarter of 2018 from the previous three months. It was a slower rate of growth than 0.6% registered in the December quarter of 2017 … “NZ Dollar Falls As New Zealand Economic Growth Slows”
Month: June 2018
The sooner stocks crash, the better for the global economy.
Trump continues pursuing a tough stance on trade on three fronts. Concerns about trade dominate the headlines, but the impact is not decisive An end to the “buy the dip” mentality can change the President’s mind. There is no letting down in US President Donald Trump’s trade wars, on three fronts. In North America, the row … “The sooner stocks crash, the better for the global economy.”
The sooner stocks crash, the better for the global economy.
Trump continues pursuing a tough stance on trade on three fronts. Concerns about trade dominate the headlines, but the impact is not decisive An end to the “buy the dip” mentality can change the President’s mind. There is no letting down in US President Donald Trump’s trade wars, on three fronts. In North America, the row … “The sooner stocks crash, the better for the global economy.”
Sterling Pound Rallies Higher on BoEâs Hawkish Interest Rate Decision
The British pound today rallied higher against the US dollar after the Bank of England announced its monetary policy decision with more members than before voting for a rate hike. The pound had traded lower following the release of the disappointing UK public sector finances report for May early in the European session. The GBP/USD currency pair today rallied from a low of 1.3103 to a high of 1.3258 after the BoE rate decision, which … “Sterling Pound Rallies Higher on BoEâs Hawkish Interest Rate Decision”
Great Britain Pound Strong Ahead of Thursday’s Policy Decision
The Great Britain pound rose against its major rivals today ahead of tomorrow’s monetary policy decision. Today’s domestic macroeconomic data was positive to the currency. The Confederation of British Industry released its Industrial Trend Survey today, showing that the balance of industrial order expectations improved to +13% in June from -3% in May, beating the median forecast of just +1%. Tomorrow, the Bank of England will announce its decision regarding … “Great Britain Pound Strong Ahead of Thursday’s Policy Decision”
Australian Dollar Attempts to Rally, Loses Gains Later
The Australian dollar attempted to rally today as markets were digesting the news about escalation of the trade war between the United States and China. By now, though, the currency has lost most of its gains and is trading near the opening level. Domestic macroeconomic data was unhelpful to the Aussie. The WestpacâMelbourne Institute Leading Index fell 0.2% in May after rising at the same rate in April. The report said: The Leading Index points to slowing growth … “Australian Dollar Attempts to Rally, Loses Gains Later”
Euro Trades Lower Against US Dollar on Jawboning by ECB Members
The euro today traded slightly lower against the US dollar following comments by some members of the European Central Bank‘s governing council. The dovish comments by Ewald Nowotny and Villeroy triggered a knee-jerk reaction by the EUR/USD currency pair, which headed lower. The EUR/USD currency pair today declined from a high of 1.1592 to a low of 1.1538 in the mid-European session following the dovish comments. The release of the German producer price index for May by the Federal Statistical Office … “Euro Trades Lower Against US Dollar on Jawboning by ECB Members”
EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML
EUR/USD is looking for a new move on lower ground. Can it recover? It may not be that easy. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses EUR/USD outlook and maintains a sell-on-rallies strategy. “We remain bearish EURUSD and would sell any rallies. Looking ahead, we expect relative data, trade … “EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML”
EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML
EUR/USD is looking for a new move on lower ground. Can it recover? It may not be that easy. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses EUR/USD outlook and maintains a sell-on-rallies strategy. “We remain bearish EURUSD and would sell any rallies. Looking ahead, we expect relative data, trade … “EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML”
Euro Declines on Escalating Trade Tensions and Draghi Speech
The euro today declined significantly against the US dollar even as trade tensions between the USA and China escalated increasing demand for the greenback. The EUR/USD currency pair declined further in the early European session following dovish comments by the European Central Bank President regarding the timing of the bank’s first interest rate hike. The EUR/USD currency pair today declined from a high of 1.1645 to a low of 1.1534 in the early American session as the US dollar gained … “Euro Declines on Escalating Trade Tensions and Draghi Speech”