The Chinese yuan is mixed against several major currency rivals on Tuesday as investors hold steady and wait out the US-China trade talks. In the meantime, investors are looking at a myriad of reports to find a short-term trading direction for the currency. How much longer can traders hold out hope for a conclusion to … “Chinese Yuan Mixed As Investors Wait Out Trade Talks”
Author: admin_mm
Pound Rallies on Positive Sentiment, Drops From Highs
The British pound today rallied higher against the US dollar in the early London session driven by positive investor sentiment despite disappointing UK mortgages data. The GBP/USD currency pair headed lower in the American session even as the UK Parliament prepared for another round of indicative votes on the current Brexit deal. The GBP/USD currency … “Pound Rallies on Positive Sentiment, Drops From Highs”
5 GBP/USD scenarios for the Brexit indicative votes
The UK Parliament holds indicative votes on Brexit on Wednesday, March 27th. PM May is still trying to get her deal through and makes a critical plea to her party. GBP/USD is set to move quite a bit. The British House of Commons will hold indicative votes on the way forward on Brexit on Wednesday, … “5 GBP/USD scenarios for the Brexit indicative votes”
CB Consumer Confidence: Weak data could eventually help the dollar
CB Consumer Confidence missed with 124.1 points in March. The data point fuels fears of a recession in the US. The US Dollar and the Japanese yen are set to benefit. The Conference Board’s Consumer Confidence measure for March unexpectedly dropped to 124.1 points from 131.4 in February. It contrasts the preliminary figure from the University … “CB Consumer Confidence: Weak data could eventually help the dollar”
Euro Gains Despite Worsening German Consumer Climate
The euro gained on most other major currencies, with the exception of the Great Britain pound, today as the market sentiment stabilized. The currency managed to keep gains even after the release of a somewhat disappointing macroeconomic report for Germany. The German GfK Consumer Climate logged a figure of 10.4 for April, down from 10.7 for March. Analysts had expected a small increase to 10.8. It was the first decline of the indicator since the start of the year. EUR/USD was … “Euro Gains Despite Worsening German Consumer Climate”
Japanese Yen Drops as Market Sentiment Stabilizes, BoJ Doesn’t Help
The Japanese yen was the weakest currency on the Forex market today as the risk sentiment stabilized. Releases from the Bank of Japan did nothing to help the currency. The BoJ released Summary of Opinions at the March monetary policy meeting today. The central bank mentioned that the slowdown of other economies can hurt the economy of Japan: While uncertainties regarding overseas economies started to become apparent from around last autumn, slowdowns have materialized. Reflecting … “Japanese Yen Drops as Market Sentiment Stabilizes, BoJ Doesn’t Help”
The USD/JPY Currency Pair Is Apparently Under Bearish Pressure
Last week, the appreciation of the Japanese yen took price under the supportive trendline of the ascending trend that started at the beginning of 2019. Long-term perspective On the daily chart, after the rejection from the 105 support area on January 3, 2019, price undertook an ascending move that recovered most of the depreciation that … “The USD/JPY Currency Pair Is Apparently Under Bearish Pressure”
NZ Dollar Weak Despite Trade Surplus
The New Zealand dollar was one of the weakest currencies on the Forex market today, though managed to outperform the Japanese yen. Better-than-expected domestic macroeconomic data failed to bolster the kiwi. Statistics New Zealand reported that the trade balance turned from a deficit of NZ$948 million in January to a surplus of NZ$12 million in February. That was a surprise to analysts, who were expecting a deficit of NZ$200 million. Milk powder, butter, and cheese led the rise … “NZ Dollar Weak Despite Trade Surplus”
British Pound Falls on Negative Brexit News Ahead of Key Vote
The Sterling pound today fell from its daily highs against the US dollar after rumors emerged that the Irish DUP was still opposed to the British PM’s Brexit deal. The GBP/USD currency pair was buffeted by new headlines relating to Brexit throughout today’s session as its gains were largely limited by the uncertainty associated with … “British Pound Falls on Negative Brexit News Ahead of Key Vote”
Gold levels to watch and why it rises on recession fears
XAU/USD tops $1,320 and hits the highest levels in March. The yield curve inversion and fears of a US recession drive it higher. Gold can look at higher levels, some dating to 2013. The price of Gold in USD (XAU/USD) extended its gains and hit a high of $1,322.48, the highest since February 28th. The … “Gold levels to watch and why it rises on recession fears”