The British pound today rallied slightly higher in the early European session following the release of positive UK jobs data. The pound later witnessed a massive drop following Brexit headlines indicating that some Tory MPs were planning to sabotage PM May’s Brexit negotiating plan. The GBP/USD currency pair today crashed from a high of 1.3269 to a low of 1.3146 as investors reacted to the Brexit jitters. The publication of the UK labour market report … “British Pound Crashes as PM May Faces Rebellion in Parliament”
Month: July 2018
Canadian Dollar Climbs Higher As Investors Focus on Data
The Canadian dollar posted mild gains against its American counterpart on Monday as the loonie climbed above 76 cents for the first time in a week. While the loonie will try to find direction from the US dollar, investors will also concentrate on several key economic events this week. The CAD/USD currency pair rose 0.16% from an opening of 0.7599 to 0.7611 at 20:30 GMT. The USD/CAD currency pair tumbled 0.11% from an opening … “Canadian Dollar Climbs Higher As Investors Focus on Data”
5 things you should watch in Powell’s potent testimony
The world’s No. 1 central banker gives a lengthy testimony that will rock the US Dollar. There are five critical things that will shape rate expectations and the reactions in markets. Fed Chair Jerome Powell testifies on Tuesday, July 17th and then again on Wednesday, July 18th at 14:00. The Fed Chair goes to Capitol … “5 things you should watch in Powell’s potent testimony”
5 things you should watch in Powell’s potent testimony
The world’s No. 1 central banker gives a lengthy testimony that will rock the US Dollar. There are five critical things that will shape rate expectations and the reactions in markets. Fed Chair Jerome Powell testifies on Tuesday, July 17th and then again on Wednesday, July 18th at 14:00. The Fed Chair goes to Capitol … “5 things you should watch in Powell’s potent testimony”
Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales
The euro today rallied higher amid calm global financial markets, which encouraged a risk-on mood among investors boosting the single currency. However, the euro gave up some of its gains against the US dollar following the release of mixed US retail sales data in the early American session. The EUR/USD currency pair today rallied from an opening low of 1.1675 to a high of 1.1725 in the American session, but later gave up … “Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales”
British Pound Declines Before Trump-May Meeting, Later Rallies Higher
The British pound today headed lower in the early European session following comments by Donald Trump ahead of his meeting with the British Prime Minister. However, the pound staged a recovery from the early American session as the US dollar experienced a modest retracement upon which the pound capitalized. The GBP/USD currency pair today declined declined to a daily low of 1.3125, but later rallied to a new high of 1.3221, and was on an uptrend at the time of writing. … “British Pound Declines Before Trump-May Meeting, Later Rallies Higher”
Safe havens look unsafe with trade wars supporting the USD
The escalation of the trade wars does not result in all the expected reactions. Commodities and their currencies are sensitive as one would expect. Safe-haven currencies are far from providing the expected reactions. The US is moving forward and readying new tariffs on China, this time worth a whopping $200 billion of Chinese goods. There is … “Safe havens look unsafe with trade wars supporting the USD”
Safe havens look unsafe with trade wars supporting the USD
The escalation of the trade wars does not result in all the expected reactions. Commodities and their currencies are sensitive as one would expect. Safe-haven currencies are far from providing the expected reactions. The US is moving forward and readying new tariffs on China, this time worth a whopping $200 billion of Chinese goods. There is … “Safe havens look unsafe with trade wars supporting the USD”
3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure
The ECB Meeting Minutes reiterated the dovish points in the rate decision. The minutes contradict reports about an earlier hike. The EUR/USD receives no support from the data. The European Central Bank released its Meeting Minutes from the June 14th meeting that sent the Euro tumbling down. The ECB announced the tapering down and end … “3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure”
3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure
The ECB Meeting Minutes reiterated the dovish points in the rate decision. The minutes contradict reports about an earlier hike. The EUR/USD receives no support from the data. The European Central Bank released its Meeting Minutes from the June 14th meeting that sent the Euro tumbling down. The ECB announced the tapering down and end … “3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure”