Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data. The EUR/USD currency pair today dropped from a high of 1.1693 to a low of 1.1649, but later retraced most of its losses. The currency pair … “Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data”
Month: July 2018
The USD can continue higher alongside prices
The US inflation report is expected to show another rise in core prices in June. The US Dollar is relatively balanced, making the reaction more straightforward. The US publishes its Consumer Price Index report on Thursday, July 13th, at 12:30 GMT. The Federal Reserve focuses on Core Inflation, making the figure the focal point of … “The USD can continue higher alongside prices”
The USD can continue higher alongside prices
The US inflation report is expected to show another rise in core prices in June. The US Dollar is relatively balanced, making the reaction more straightforward. The US publishes its Consumer Price Index report on Thursday, July 13th, at 12:30 GMT. The Federal Reserve focuses on Core Inflation, making the figure the focal point of … “The USD can continue higher alongside prices”
Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains
The Canadian dollar today appreciated against its American counterpart after the Bank of Canada‘s interest rate decision, which was widely anticipated. The loonie’s rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions. The USD/CAD currency pair today dropped from a high of 1.3174 to a low of 1.3097 following the BoC announcement. The currency pair headed lower after … “Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains”
BOC behaves like it’s bullish while being terrified of trade tariffs
The Bank of Canada raised rates as expected and maintained the bullish bias. Trade concerns are left, right, and center, limiting the reaction. Trade issues could turn the tables for the BOC. The Bank of Canada hiked the Overnight Rate from 1.25% to 1.50%. They cited a growing economy, a housing market that has stabilized … “BOC behaves like it’s bullish while being terrified of trade tariffs”
BOC behaves like it’s bullish while being terrified of trade tariffs
The Bank of Canada raised rates as expected and maintained the bullish bias. Trade concerns are left, right, and center, limiting the reaction. Trade issues could turn the tables for the BOC. The Bank of Canada hiked the Overnight Rate from 1.25% to 1.50%. They cited a growing economy, a housing market that has stabilized … “BOC behaves like it’s bullish while being terrified of trade tariffs”
British Pound Trades Lower as Rebel MPs Oppose Latest Brexit Plan
The British pound today traded lower against the US dollar even as Theresa May‘s government is buffeted by rebellions from members of her Conservative Party who have resigned from their positions. The pound’s decline was further accelerated by the risk-off sentiment among investors triggered by the imposition of more tariffs by the US government on Chinese exports. The GBP/USD currency pair today declined from a high of 1.3285 to a low of 1.3233 and was on a downtrend … “British Pound Trades Lower as Rebel MPs Oppose Latest Brexit Plan”
Time to buy GBP/USD? The UK government is not falling anytime soon
The UK cabinet agreed on a soft Brexit, but Boris Johnson’s resignation hit the pound. As time passes by, nobody challenges UK PM Theresa May. The dizzying political drama can turn into a buying opportunity. The resignation of now ex-Foreign Secretary Boris Johnson sparked a sell-off of Sterling. The pair made a total round-trip of some 150 … “Time to buy GBP/USD? The UK government is not falling anytime soon”
Time to buy GBP/USD? The UK government is not falling anytime soon
The UK cabinet agreed on a soft Brexit, but Boris Johnson’s resignation hit the pound. As time passes by, nobody challenges UK PM Theresa May. The dizzying political drama can turn into a buying opportunity. The resignation of now ex-Foreign Secretary Boris Johnson sparked a sell-off of Sterling. The pair made a total round-trip of some 150 … “Time to buy GBP/USD? The UK government is not falling anytime soon”
Euro Rallies Higher Ahead of Mario Draghi Speech, Later Declines
The euro today opened higher against the US dollar following the disappointing US unemployment data released on Friday. The single currency rallied higher ahead of Mario Draghi‘s speech, but later declined due to a resurgence in demand for the US dollar in the American session. The EUR/USD currency pair today rallied from a low of 1.1750 to a high of 1.1790 before heading lower and giving up most of its gains. The currency pair today headed higher … “Euro Rallies Higher Ahead of Mario Draghi Speech, Later Declines”