The BTC/USD extended its gains and reached the highest levels since early September. A general interest in cryptos is behind the move while the SEC delayed another ETF decision. The technical picture is becoming bullish for Bitcoin. The expert poll shows a bearish bias now, and a bullish one long-term. The price of Bitcoin went up and … “Bitcion is looking better and may continue rising despite the SEC”
Author: admin_mm
Canadian Dollar Pares Gains As Trade Deal Hopes Fade
The Canadian dollar started on Friday holding a three-month high as inflation data boosted odds of the central bank raising interest rates. Those gains were later pared after a White House official stated that the US is âvery, very closeâ to moving ahead on a trade deal without Canada, suggesting that the U.S. and Mexico will embark upon a bilateral agreement instead of a trilateral one. According to Statistics Canada, the national annual … “Canadian Dollar Pares Gains As Trade Deal Hopes Fade”
GBP/USD buying opportunity? May could be posturing
A defiant MAy more sent the GBP/USD plunging 1.50%. The PM’s position may be a political move ahead of her party’s conference. The downfall could turn into a buying opportunity. UK PM Theresa May said she always treated the EU with respect and expected the same. She said she will not accept tearing up her … “GBP/USD buying opportunity? May could be posturing”
USD/JPY awaits the Fed in an uptrend channel
The USD/JPY extended its gains on higher yields and as markets ignored the tariffs. The Fed decision is left, right, and center in the last week of September. The pair is trading in an uptrend channel on the daily chart. This was the week: Ignoring trade, yielding to yields The US finally announced its decision … “USD/JPY awaits the Fed in an uptrend channel”
Norwegian Krone Flat Following Interest Rate Hike
The Norwegian krone was little changed today after the nations central bank raised its key policy rate yesterday. The Norges Bank announced yesterday an increase of its main interest rate to 0.75% from the record low 0.5%. The central bank predicted additional rate hikes in the future: Overall, the outlook and the balance of risks imply a gradual interest rate increase in the years ahead. Governor Ãystein Olsen provided a more specific … “Norwegian Krone Flat Following Interest Rate Hike”
Pound Drops on Failed Brexit Summit Amid Resurgent US Dollar
The British pound today dropped to new lows today following the failed Brexit summit in Salzburg where the EU rejected Britain’s Chequers Plan. The GBP/USD currency pair was further weighed down by the US dollar’s recovery, which drove the cable lower. The GBP/USD currency pair today dropped from a high of 1.3277 to a low of 1.3178 and was on a downtrend up to the time of writing. The currency pair’s decline was largely triggered by the European Union’s … “Pound Drops on Failed Brexit Summit Amid Resurgent US Dollar”
Swiss Franc Strongest on Forex Market During Friday’s Trading
The Swiss franc was extremely strong today, beating all of its most-traded rivals. That is surprising, considering that Switzerland’s economic calendar is empty today, and the currency had no factors to facilitate such good performance. Yesterday, the nation’s central bank made its policy announcement. The Swiss National Bank released its monetary policy statement yesterday, announcing that it keeps monetary policy unchanged: … “Swiss Franc Strongest on Forex Market During Friday’s Trading”
NZ Dollar Continues to Rise After Surging on Solid GDP
The New Zealand dollar jumped yesterday thanks to the faster-than-expected economic growth and continued to rise today as macroeconomic data released over the current trading session was also solid. Reported today by the Reserve Bank of New Zealand, credit card spending rose 7.7% in August from a year ago. The increase followed the growth by 3.3% in July. Released yesterday overnight, gross domestic product showed an increase by 1.0% in the June quarter from the previous … “NZ Dollar Continues to Rise After Surging on Solid GDP”
Japanese Yen Stays Weak, Economic Data Fails to Aid
The Japanese yen remained mostly soft today as the market sentiment stayed generally positive. The set of robust macroeconomic releases in Japan failed to support the currency. Japan’s core Consumer Price Index rose 0.9% in August, year-on-year. The growth was in line with market expectations and a bit faster than the July rate of increase of 0.8%. The Nikkei Flash Japan Manufacturing PMI rose from 52.5 to 52.9 in August. It was the highest reading … “Japanese Yen Stays Weak, Economic Data Fails to Aid”
NAFTA, Higher Energy Prices Push Up the Canadian Dollar
The Canadian dollar is trading higher on Thursday on higher energy prices and renewed North American Free Trade Agreement (NAFTA) negotiations between Canadian and US officials. With NAFTA talks at a standstill, the loonie has been finding support from rallying crude oil, allowing the currency to near a three-week high. This week, officials will gather in Washington to find an agreement on a new NAFTA pact. Washington says that a deal must … “NAFTA, Higher Energy Prices Push Up the Canadian Dollar”