The USD/CAD currency pair today headed lower as the Canadian dollar gained against its US counterpart following disappointing jobs reports from both countries. The pair’s decline was further accelerated by the selling pressure on the US dollar following the high US unemployment rate reported. The USD/CAD currency pair today declined from an opening high of 1.3150 to a low of 1.3083 in the American session. The currency pair was in a consolidative phase for most of today’s … “USD/CAD Trades Lower on Disappointing Duo of Employment Reports”
Month: July 2018
Japanese Yen Falls After Mixed Data, Risk Aversion Provides No Help
The Japanese yen was flat against the US dollar and fell versus other major currencies today despite the gloomy mood among investors as the trade war between the United States and China was ready to start. As for Japan’s macroeconomic data released on Friday, it was mixed. Household spending fell 3.9% in May from a year ago. The actual drop was bigger than a 1.5% decline predicted by analysts and the 1.3% fall registered … “Japanese Yen Falls After Mixed Data, Risk Aversion Provides No Help”
NZ Dollar Rallies for Fourth Day in a Row
The New Zealand dollar rallied today, rising for the fourth consecutive trading session against some of its rivals, including the US dollar and the euro. Analysts are not overly optimistic for the currency, though, saying that it was likely just a relief rally. Indeed, the kiwi has started a decline a month ago, therefore an upward correction was not unexpected. The current environment on the Forex market is not supportive to riskier currencies … “NZ Dollar Rallies for Fourth Day in a Row”
British Pound Rallies on Carney Speech, Later Declines on Brexit News
The British pound today rallied higher against the US dollar in the early European session following hawkish comments by the Bank of England Governor Mark Carney. The pound later erased all its gains in the American session following a news report that the German government was unconvinced with the UK’s latest post-Brexit Customs plan. The GBP/USD currency pair today rallied to a high of 1.3275 shortly before tumbling to a low of 1.3206 after the Brexit … “British Pound Rallies on Carney Speech, Later Declines on Brexit News”
Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?
The Swiss Central Bank was against it. The Swiss politicos were against it. And some 75% of the Swiss population who voted in a national referendum were against it. So, what was all the fuss about the Swiss financial experiment called Vollgeld? Vollgeld, or “sovereign money”, is a Swiss initiative aimed at avoiding the boom … “Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?”
Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?
The Swiss Central Bank was against it. The Swiss politicos were against it. And some 75% of the Swiss population who voted in a national referendum were against it. So, what was all the fuss about the Swiss financial experiment called Vollgeld? Vollgeld, or “sovereign money”, is a Swiss initiative aimed at avoiding the boom … “Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?”
Euro Heads Lower on Mixed PMI Data from Across the Eurozone
The euro today headed lower against the US dollar in the early European session following the release of mixed Eurozone PMI data by IHS Markit. The euro’s decline drove the EUR/USD currency pair lower as the US dollar recovered from its slump that occurred in the Asian session. The EUR/USD currency pair today declined from a high of 1.1681 to a low of 1.1629 driven by the US dollar’s rebound. The currency pair today headed lower despite … “Euro Heads Lower on Mixed PMI Data from Across the Eurozone”
GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term
The pound made its way up but still hesitates ahead of yet another significant hurdle in the Brexit saga. What’s next? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses GBP outlook and adopts a cautious bias ahead of the release of the UK’s government’s position on Brexit in a white paper on 9 … “GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term”
GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term
The pound made its way up but still hesitates ahead of yet another significant hurdle in the Brexit saga. What’s next? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses GBP outlook and adopts a cautious bias ahead of the release of the UK’s government’s position on Brexit in a white paper on 9 … “GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term”
GBP/USD: Trading the UK Services PMI
The Services PMI is a closely watched economic indicator and has a considerable impact on the Pound. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The GBPUSD moved, on average, 8 pips in the 15 minutes after the data release and 30 pips in the following 4 … “GBP/USD: Trading the UK Services PMI”