The US reported a 4.1% annualized growth; an excellent number is absolute terms. However, it did not beat expectations nor the hype. The limited USD “sell the fact” is unlikely to be sustained. The US economy grew at an annualized growth rate of 4.1% in the second quarter of the year. This met analysts’ expectations. … “US GDP is quite good and the USD sell-off will likely be limited”
Month: July 2018
US GDP is quite good and the USD sell-off will likely be limited
The US reported a 4.1% annualized growth; an excellent number is absolute terms. However, it did not beat expectations nor the hype. The limited USD “sell the fact” is unlikely to be sustained. The US economy grew at an annualized growth rate of 4.1% in the second quarter of the year. This met analysts’ expectations. … “US GDP is quite good and the USD sell-off will likely be limited”
Euro Rallies Against US Dollar as US Q2 GDP Estimate Misses Expectations
The EUR/USD currency pair opened today’s session with a bearish outlook given the dovish outlook painted by ECB President Mario Draghi yesterday, which led to a bearish ‘outside day.’ The currency pair was on a downtrend up to the early American session when the flash US Q2 GDP report was released, which boosted the pair. … “Euro Rallies Against US Dollar as US Q2 GDP Estimate Misses Expectations”
Australian Dollar Mixed After Producer Inflation Unexpectedly Slows
The Australian dollar was mixed today, rising against such currencies as the euro and Swiss franc but falling against the US dollar and the Japanese yen, after a report showed that Australia’s producer inflation slowed unexpectedly. The Australian Bureau of Statistics reported that the Producer Price Index rose 0.3% in the June quarter from the previous three months. Analysts had expected the same 0.5% rate of growth as in the March quarter. Next week, … “Australian Dollar Mixed After Producer Inflation Unexpectedly Slows”
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB
As markets expect the US GDP, what levels should be expected in currencies? Here are the levels: Here is their view, courtesy of eFXdata: EUR/USD: Neutral (since 05 Jun 18, 1.1700): Still neutral but likely to trade at a higher range. No change in view. The price action in EUR over the past couple of days … “Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB”
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB
As markets expect the US GDP, what levels should be expected in currencies? Here are the levels: Here is their view, courtesy of eFXdata: EUR/USD: Neutral (since 05 Jun 18, 1.1700): Still neutral but likely to trade at a higher range. No change in view. The price action in EUR over the past couple of days … “Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB”
Chronicles of a Trade War: How Will It End?
Trump’s move to slap a 25% tariff on Chinese imports represented the beginning of a trade war between the world’s two largest economies. This tariff, which is expected to equate to around $34 billion worth of Chinese imports, has been reciprocated in kind by Beijing, who have accused the US President of having instigated the “largest … “Chronicles of a Trade War: How Will It End?”
Chronicles of a Trade War: How Will It End?
Trump’s move to slap a 25% tariff on Chinese imports represented the beginning of a trade war between the world’s two largest economies. This tariff, which is expected to equate to around $34 billion worth of Chinese imports, has been reciprocated in kind by Beijing, who have accused the US President of having instigated the “largest … “Chronicles of a Trade War: How Will It End?”
5 reasons why Bitcoin escaped the abyss
Bitcoin is on fire, trading at the highest levels in 3 months, decoupling from other cryptos. There are five primary reasons for the rise, and seasonality is one of them. The BTC/USD is has reached a new peak of $8,360 at the time of writing before consolidation it’s recent gains. This is the dearest price … “5 reasons why Bitcoin escaped the abyss”
5 reasons why Bitcoin escaped the abyss
Bitcoin is on fire, trading at the highest levels in 3 months, decoupling from other cryptos. There are five primary reasons for the rise, and seasonality is one of them. The BTC/USD is has reached a new peak of $8,360 at the time of writing before consolidation it’s recent gains. This is the dearest price … “5 reasons why Bitcoin escaped the abyss”