Markets have stabilized but remain worried about quite a few issues going on in the world. Here is a quick update on the five things on investors’ minds and the signs of relief that could lift the gloom, the mood, and stocks. Trade talks China and the US are working to get a trade deal … “Global gloom: 5 worries and signs of relief to look for”
Author: admin_mm
EUR/USD: where next after falling below 1.270? The levels to watch
EUR/USD lost the all-important triple-bottom around 1.1270. Economic divergence is behind the move. Here are the big levels to watch on the daily chart. Euro/dollar breached a level that supported it three times. 1.1270 was hit in November, then in December, and finally in February before the pair broke to lower ground. While the move … “EUR/USD: where next after falling below 1.270? The levels to watch”
Where EUR/GBP can go to in these five Brexit scenarios
With fewer than 50 days until Brexit Day, all the options are on the table. Brits living in the continent and Europeans in the UK are thinking what to do with their funds. There are five plausible scenarios with different outcomes for the euro/pound. Time is running out to reach a deal on Brexit, with … “Where EUR/GBP can go to in these five Brexit scenarios”
Chinese Yuan Weakens As Q1 GDP Expected to Slow to 6%
The Chinese yuan is weakening to kick off the trading week as a state-run newspaper anticipates economic growth to slump to a historically-low level in the first quarter. Investors are also combing through the latest forex exchange reserve data. According to Economic Information Daily, a newspaper run by the governmentâs Xinhua news agency, the Chinese economy is projected to grow just 6% in the January-to-March period, which would be the lowest on record. It is not … “Chinese Yuan Weakens As Q1 GDP Expected to Slow to 6%”
British Pound Declines on Weak UK Data as Brexit Jitters Persist
The British pound today dropped to new daily lows in the early European session following the release of weak UK manufacturing and GDP data at that time. The Sterling was further weighed down by the uncertainty surrounding the Brexit issue with only 46 days left before Brexit day. The GBP/USD currency pair today dropped from … “British Pound Declines on Weak UK Data as Brexit Jitters Persist”
Australian Dollar Trades Slightly Lower on Uneventful Monday
The Australian dollar traded slightly lower today, continuing feeling the pressure of Reserve Bank of Australia’s stance, which shifted from cautiously hawkish to neutral. Surprisingly, the Aussie performed better versus safer currencies despite investors’ mood being spoiled by worse-than-expected macroeconomic data in Great Britain. As for economic reports in Australia itself, today’s docket was empty. The rest of the week will be different, with home loans and the NAB business confidence … “Australian Dollar Trades Slightly Lower on Uneventful Monday”
Swiss Franc Trades Flat-to-Lower After Flash Crash, Ignores Falling CPI
The Swiss franc experienced a “flash crash” today, falling sharply at the start of the trading session but reversing losses almost immediately afterwards. The worse-than-expected drop of the Swiss Consumer Price Index had limited impact on the currency. Switzerland’s Federal Statistical Office reported that the CPI fell 0.3% in January from the previous month, the same as in December. Analysts had expected a smaller decrease of 0.2%. Year-over-year, the index rose 0.6%. USD/CHF traded at about … “Swiss Franc Trades Flat-to-Lower After Flash Crash, Ignores Falling CPI”
US Dollar Ends Week Strongest amid Slowing Global Growth
The US dollar ended the week as the strongest currency on the Forex market even though fundamentals were not particularly supportive to the currency. It is just things in other parts of the world were even worse, with many countries forecasting slowing economic growth. Commodity currencies were leading the decline due to risk aversion caused by the economic slowdown. The developments in the Sino-US trade talks looked positive initially due to optimistic comments from … “US Dollar Ends Week Strongest amid Slowing Global Growth”
Canadian Dollar Rallies on Jobs Report, Capped by Oil Slide
The Canadian dollar is rallying against a basket of currencies to finish off the trading week. The loonie was given a much-needed jolt on Friday thanks to a strong January jobs report. But the gains were capped by falling crude oil prices that have cratered 5% over the last week. According to Statistics Canada, the national economy added 66,800 net new jobs last month, fueled by the private sector. The latest labor force … “Canadian Dollar Rallies on Jobs Report, Capped by Oil Slide”
Can CAD continue climbing after the superb Canadian jobs report
USD/CAD rose on the global mood but plunged on an excellent Canadian jobs report. A light calendar leaves sentiment and oil prices in the limelight. The technical picture is balanced for the pair. This was the week: Gloom is back, and oil is down After a week that was dominated by the Fed’s dovishness, the … “Can CAD continue climbing after the superb Canadian jobs report”