The Canadian dollar stumbled to its lowest level in six weeks on Tuesday after President Donald Trump suggested that it is not necessary to keep Canada in a new trade deal, a remark that comes a week after reaching an agreement with Mexico. The loonie will now try to find momentum in upcoming economic data. On Saturday, President Trump tweeted that a fair deal is required, otherwise âCanada will be … “Canadian Dollar Stumbles to Six-Week Low on Trump-NAFTA Remarks”
Month: September 2018
British Pound Drops on UK Construction PMI, Later Rallies on Carney
The British pound today dropped to new lows extending yesterday’s decline following the release of disappointing UK construction data earlier today. The GBP/USD currency pair later rallied higher following the testimony by the Bank of England Governor before the UK parliament where he promised to help smooth the Brexit process. The GBP/USD currency pair today … “British Pound Drops on UK Construction PMI, Later Rallies on Carney”
NFP hints are telling also for sentiment about trade wars
The ADP NFP and the ISM Non-Manufacturing PMI serve as last-minute hints towards the NFP. They also gauge business sentiment in sensitive times. Both are expected to improve, but trade concerns may have their say as well. Thursday, September 6th, is the deadline for public comments on new trade tariffs that the US wants to … “NFP hints are telling also for sentiment about trade wars”
5 reasons for a USD surge in September
Dark clouds are gathering over global markets. A mix of economic, political, and seasonal factors weigh. The perfect storm could be beneficial for the US Dollar at the expense of all the rest. While many traders were on holiday during the summer, markets were not at ease with quite a few issues emerging, so far … “5 reasons for a USD surge in September”
Swiss Franc Soft Despite Stable Consumer Prices
The Swiss franc was rather soft during Tuesday’s trading despite today’s macroeconomic data, which showed that Switzerland’s consumer prices were stable last month. Swiss Federal Statistics Office reported that the Consumer Price Index was unchanged in August from the previous month, in line with expectations. In July, the CPI fell 0.2%. Year-on-year, the index increased 1.2% last month. USD/CHF jumped from 0.9689 to 0.9738 … “Swiss Franc Soft Despite Stable Consumer Prices”
Australian Dollar Fails to Hold Ground After RBA Meeting
The Australian dollar attempted to hold its ground after the policy meeting of the Reserve Bank of Australia but failed and is now trading below the opening level. The worse-than-expected current account balance added to the downside momentum of the currency. The RBA kept its main interest rate unchanged at 1.5% at today’s meeting. Such decision was widely expected by market participants. The statement did not provide many new insights, showing a largely positive … “Australian Dollar Fails to Hold Ground After RBA Meeting”
Passive Investing vs. Active Investing: Where Are the Investors Leaning?
There are generally two types of investors when it comes to the world of business. On one side, you have the passive investors who aim to build their wealth gradually. These investors buy securities for the long haul and do not seek to profit from market timing and short-term price fluctuations. On the other, you … “Passive Investing vs. Active Investing: Where Are the Investors Leaning?”
Pound Falls on Weak UK Manufacturing Activity Amid Brexit Fears
The British pound today fell to new lows against the US dollar based on the uncertainty surrounding the Brexit negotiations as both the EU and the UK stick to their opposing positions. The GBP/USD currency also headed lower following the release of the latest UK manufacturing data, which revealed zero expansion in the sector. The GBP/USD currency … “Pound Falls on Weak UK Manufacturing Activity Amid Brexit Fears”