The euro today dropped against the US dollar from the start of today’s session as the greenback rebounded on investors’ hopes about the outcome of the US-China trade talks. The rebound in US Treasury yields also boosted the greenback, which was under intense selling pressure since Friday last week following dovish Fed comments. The EUR/USD currency … “Euro Drops on Weak German Industrial Data and Strong US Dollar”
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USD: Stretched USD Set For A Weak Path Coming Months; Where To Target? – MUFG
The US Dollar is now attempting to recover from the blow it received from Jerome Powell’s dovish speech. What can we expect down the road? Here is their view, courtesy of eFXdata: MUFG Research discusses the USD outlook and maintains a structural bearish bias through the year. MUFG current DXY-related currency forecasts imply a 6.3% dollar depreciation … “USD: Stretched USD Set For A Weak Path Coming Months; Where To Target? – MUFG”
Canadian Dollar Seeks Direction Ahead of Major News This Week
The Canadian dollar is trying to find direction at the start of the trading week ahead of several major news events in the coming days. The loonie is trying to keep up the momentum from last week on the better-than-expected jobs report and rallying energy prices. On Friday, Statistics Canada reported that the economy added 9,300 jobs, beating median estimates of 5,000 jobs. This sent the unemployment lower from 5.7% in November to 5.6% last month. … “Canadian Dollar Seeks Direction Ahead of Major News This Week”
Euro Rallies on Risk-On Sentiment Amid Mixed Geman Data
The euro today rallied higher against the much weaker US dollar largely driven by positive market sentiment and the upbeat German retail sales data. The improved market risk sentiment was supported by investors’ optimism regarding the 2-day high level US-China trade talks, which kicked off today. The EUR/USD currency pair today rallied from an opening … “Euro Rallies on Risk-On Sentiment Amid Mixed Geman Data”
Bitcoin: 3 reasons why it is set to rally
BTC/USD trades in a narrowing wedge at the wake of the new year. There are three reasons why the grandaddy for cryptocurrencies should rise. The charts show BTC/USD is trading in a narrowing wedge with rising momentum. The experts poll shows a sideways move in the short-term. Bitcoin kicked off the year by getting comfortable … “Bitcoin: 3 reasons why it is set to rally”
US Dollar Loses Against Rivals Despite Stellar Jobs Report
The US dollar is losing against some of its major currency rivals at the end of the trading week, despite the US government reporting better-than-expected jobs numbers for December. The greenback is looking to maintain the momentum it had in 2018 when it recorded its best annual performance since 2015. According to the Bureau of Labor Statistics (BLS), the US economy added 312,000 new jobs last month, beating median estimates of 182,000. … “US Dollar Loses Against Rivals Despite Stellar Jobs Report”
Canadian Dollar Rallies on Upbeat NFP and Canadian Jobs Data
The Canadian dollar today rallied against its US counterpart after the release of jobs reports from both countries that beat expectations. The USD/CAD currency pair spiked briefly after the release of the US non-farm payrolls, but headed lower shortly thereafter as the loonie recovered. The USD/CAD currency pair today dropped from an Asian session high of 1.3492 before dropping to a low of 1.3419 in the early American session. The currency pair was … “Canadian Dollar Rallies on Upbeat NFP and Canadian Jobs Data”
NFP is good for the dollar, but there’s one exception
December’s jobs report smashed expectations on all measures. The US Dollar is on the rise, but stocks can send it lower against the yen. The Fed’s balancing act becomes more complicated. The US gained no less than 312K jobs in December, far above 177K or a slightly higher number as the ADP private sector report … “NFP is good for the dollar, but there’s one exception”
USD/JPY recovery looks temporary
USD/JPY dropped sharply and suffered a “flash crash.” Inflation and services data stand out in the first full week of 2019. The pair looks oversold, but that does not mean it will rise This was the week: Flash crash as fears grow Worries about the state of the Chinese economy, the world’s second-largest, weighed on … “USD/JPY recovery looks temporary”
CAD could climb on the BOC, after being pumped up by oil
The loonie suffered from stocks but recovered with oil prices The BOC decision is the main event in the first full week of 2019. The technical picture is bullish for the pair. This was the week: Oil jitters and stuttering stocks Oil prices made a more meaningful recovery, bouncing on reports that Saudi Arabia and other … “CAD could climb on the BOC, after being pumped up by oil”