The euro today rallied higher against the US dollar from the Asian session into the early European session on hopes that the Italian government would amend its budget plans. The EUR/USD currency pair later headed lower after the German IFO business survey data missed expectations and Mario Draghi‘s speech had no new insights. The EUR/USD … “Euro Rallies on Italian Budget Hopes, Declines on Weak German Data”
Author: admin_mm
Bitcoin pattern implies a loss of $3,000 on November 29th
Bitcoin is sliding once again after a failed attempt to recapture $4,000. Looking at the recent behavior BTC/USD, the next fall will be on Thursday, November 29th. Bitcoin made a recovery attempt following the news that the US state of Ohio will accept the digital currency in 23 different types of business taxes. This is a considerable mainstream … “Bitcoin pattern implies a loss of $3,000 on November 29th”
The EU Summit approves Brexit, but the pound has three reasons to suffer
The EU approved the Brexit deal at the special EU Summit. The agreement was priced in, but the hurdles to pass it in Parliament are harder. GBP/USD could remain under immense pressure. The special summit of the European Union on Brexit ended with an approval of the deal that sets the path for the divorce between the … “The EU Summit approves Brexit, but the pound has three reasons to suffer”
Mexican Peso Weakens on Trump Border Threat, Incoming Government
The Mexican peso weakened against its American counterpart at the end of the trading week. The peso tumbled after President Donald Trump threatened to close the US-Mexico border. The currency is also struggling to rally as the nationâs incoming leftist government will soon come to power. Speaking to reporters on Thursday, President Trump said he is willing to shut down the entire US-Mexico Border and stop trade with the country should migrants from Central … “Mexican Peso Weakens on Trump Border Threat, Incoming Government”
USD/CAD Pair Drops Briefly on Upbeat Canadian Data, Quickly Recovers
The USD/CAD currency pair today briefly plunged lower after the release of positive Canadian inflation data, before quickly reversing higher. The currency pair managed to sustain its upward trend, which was in place from the start of today’s session, largely due to the depressed global oil prices. The USD/CAD currency pair today dropped back to … “USD/CAD Pair Drops Briefly on Upbeat Canadian Data, Quickly Recovers”
Canadian Dollar can do nothing against the crude crash
The Canadian Dollar was hit by oil prices once again. The quarterly GDP figure stands out in the last week of November. The technical picture is quite bullish for the pair. This was the week: Another leg down in oil Oil prices continue taking two steps down, one up. Prices tumbled down once again alongside … “Canadian Dollar can do nothing against the crude crash”
Euro Posts Massive Drop on Disappointing German PMI Data
The euro today dropped significantly against the US dollar following the release of disappointing German PMI data by IHS Markit in the early European session. The single currency had traded in a slight upward trend during the Asian session boosted by positive market sentiment and a weak US dollar before plunging lower. The EUR/USD currency … “Euro Posts Massive Drop on Disappointing German PMI Data”
Japanese Yen Gains on Growing Optimism, Export Rebound
The Japanese yen is posting modest gains against the greenback on Thursday. Traders were pleased by recent comments made by government officials about the national economy, and positive data gave a boost to the yenâs slight bump. In the November edition of its monthly economic assessment, the Cabinet Office asserted that the economy âis recovering at a moderate pace.â Officials contend that Japanese consumption, exports, and capital spending will allow the country to rebound from … “Japanese Yen Gains on Growing Optimism, Export Rebound”
Euro Rallies on Dovish Fed Rumors, Declines Despite Weak US Data
The euro today rallied higher against the US dollar in the mid-European session following rumors that the US Federal Reserve would pause its rate hikes in Spring 2019. The euro had rallied higher in the early European session after Italy’s Deputy Prime Minister Matteo Salvini teased that his government was willing to make revisions to … “Euro Rallies on Dovish Fed Rumors, Declines Despite Weak US Data”
Canadian Dollar Rebounds From Five-Month Low Amid Crude Oil Rally
The Canadian dollar is rebounding from its lowest level in five months on Wednesday as crude oil prices are rallying about 2%. The loonieâs gains were capped by recent dovish comments by a senior Bank of Canada (BOC) official who warned about consumer finances amid rising interest rates. While investors wait for the US Energy Information Administration (EIA)âs weekly data and comb through industry news, crude is … “Canadian Dollar Rebounds From Five-Month Low Amid Crude Oil Rally”