The Sterling pound today traded lower against the US dollar following the release of the UK Consumer Price Index report for May in the early European session. The GBP/USD currency pair later rallied higher from the mid-European session into the North American session as the US dollar weakened against the pound. The GBP/USD currency pair initially declined from an opening high of 1.3375 to a low of 1.3307 before rallying to a new high of 1.3383 in the American session. … “Sterling Pound Trades Lower on UK Inflation Data, Later Recovers”
Month: June 2018
Swiss Franc Firm Despite Disappointing PPI
The Swiss franc rose versus some of its most-traded counterparts, though not against the rather strong euro, even as the growth of the Producer Price Index trailed market expectations. The Federal Statistical Office reported that the PPI rose 0.2% in May from the previous month. That is compared to the predicted increase of 0.3% and the 0.4% gain registered in April. The report cited the following reason for the increase of the index: The rise is due in particular to higher … “Swiss Franc Firm Despite Disappointing PPI”
Australian Dollar Gains As Consumer Sentiment Improves
The Australian dollar rose against most of its major rivals, though not against the euro, after Australia’s consumer sentiment improved. The gains were limited, though, as the central bank’s head confirmed that an interest rate hike is unlikely in the near future. The Westpac Melbourne Institute Index of Consumer Sentiment rose 0.3% in June from May. The increase followed the 0.6% drop in the previous month. The report commented on the result: The consumer mood … “Australian Dollar Gains As Consumer Sentiment Improves”
Bitcoin at critical support, Ehtereum and Ripple look worse
Bitcoin, Ethereum, and Ripple suffer another major sell-off, extending their falls. The three cryptocurrencies have very different technical pictures. The Confluence Detector shows clusters of technical levels according to their importance. BTC/USD has strong support at $6,381 The price of Bitcoin has support at $6,381. This is the convergence of the Bolinger Band one-hour Lower, the … “Bitcoin at critical support, Ehtereum and Ripple look worse”
Bitcoin at critical support, Ehtereum and Ripple look worse
Bitcoin, Ethereum, and Ripple suffer another major sell-off, extending their falls. The three cryptocurrencies have very different technical pictures. The Confluence Detector shows clusters of technical levels according to their importance. BTC/USD has strong support at $6,381 The price of Bitcoin has support at $6,381. This is the convergence of the Bolinger Band one-hour Lower, the … “Bitcoin at critical support, Ehtereum and Ripple look worse”
GBP/USD: Against Cyclical Drivers, Cable Should Be Trading North Of 1.34 – TD
The pound struggled to stabilize amid a mixed jobs report and the Brexit bill. Here is their view, courtesy of eFXdata: TD Research discusses GBP/USD outlook and adopts a tactical bullish bias, and sees a scope for a move towards 1.3675. “Alongside a decent round of data this morning, the recent string of events should offer GBP … “GBP/USD: Against Cyclical Drivers, Cable Should Be Trading North Of 1.34 – TD”
GBP/USD: Against Cyclical Drivers, Cable Should Be Trading North Of 1.34 – TD
The pound struggled to stabilize amid a mixed jobs report and the Brexit bill. Here is their view, courtesy of eFXdata: TD Research discusses GBP/USD outlook and adopts a tactical bullish bias, and sees a scope for a move towards 1.3675. “Alongside a decent round of data this morning, the recent string of events should offer GBP … “GBP/USD: Against Cyclical Drivers, Cable Should Be Trading North Of 1.34 – TD”
British Pound Rallies Higher on Mixed UK Jobs Data and Brexit Vote
The British pound today rallied higher following the release of the latest UK employment report, which had mixed results. The GBP/USD currency pair later gave up most of its gains, but rallied higher in the American session as the UK Parliament voted on a crucial Brexit bill. The GBP/USD currency pair today rallied from a low of 1.3340 to an intra-day high of 1.3419 after the jobs report, before declining for a few hours then rallying … “British Pound Rallies Higher on Mixed UK Jobs Data and Brexit Vote”
Land of the rising expectations: did “Abenomics” deliver?
Japan is an extreme case for many of the sociological characteristics of the western world. Here is an advanced nation who suffers in the last 3 decades from difficulties to adjust its economy to the contemporary global environment, and to its shrinking labor force. Since the end of 2012, Japan is conducting its economy according … “Land of the rising expectations: did “Abenomics” deliver?”
Land of the rising expectations: did “Abenomics” deliver?
Japan is an extreme case for many of the sociological characteristics of the western world. Here is an advanced nation who suffers in the last 3 decades from difficulties to adjust its economy to the contemporary global environment, and to its shrinking labor force. Since the end of 2012, Japan is conducting its economy according … “Land of the rising expectations: did “Abenomics” deliver?”