The ADP NFP and the ISM Non-Manufacturing PMI serve as last-minute hints towards the NFP. They also gauge business sentiment in sensitive times. Both are expected to improve, but trade concerns may have their say as well. Thursday, September 6th, is the deadline for public comments on new trade tariffs that the US wants to … “NFP hints are telling also for sentiment about trade wars”
Author: admin_mm
5 reasons for a USD surge in September
Dark clouds are gathering over global markets. A mix of economic, political, and seasonal factors weigh. The perfect storm could be beneficial for the US Dollar at the expense of all the rest. While many traders were on holiday during the summer, markets were not at ease with quite a few issues emerging, so far … “5 reasons for a USD surge in September”
Swiss Franc Soft Despite Stable Consumer Prices
The Swiss franc was rather soft during Tuesday’s trading despite today’s macroeconomic data, which showed that Switzerland’s consumer prices were stable last month. Swiss Federal Statistics Office reported that the Consumer Price Index was unchanged in August from the previous month, in line with expectations. In July, the CPI fell 0.2%. Year-on-year, the index increased 1.2% last month. USD/CHF jumped from 0.9689 to 0.9738 … “Swiss Franc Soft Despite Stable Consumer Prices”
Australian Dollar Fails to Hold Ground After RBA Meeting
The Australian dollar attempted to hold its ground after the policy meeting of the Reserve Bank of Australia but failed and is now trading below the opening level. The worse-than-expected current account balance added to the downside momentum of the currency. The RBA kept its main interest rate unchanged at 1.5% at today’s meeting. Such decision was widely expected by market participants. The statement did not provide many new insights, showing a largely positive … “Australian Dollar Fails to Hold Ground After RBA Meeting”
Passive Investing vs. Active Investing: Where Are the Investors Leaning?
There are generally two types of investors when it comes to the world of business. On one side, you have the passive investors who aim to build their wealth gradually. These investors buy securities for the long haul and do not seek to profit from market timing and short-term price fluctuations. On the other, you … “Passive Investing vs. Active Investing: Where Are the Investors Leaning?”
Pound Falls on Weak UK Manufacturing Activity Amid Brexit Fears
The British pound today fell to new lows against the US dollar based on the uncertainty surrounding the Brexit negotiations as both the EU and the UK stick to their opposing positions. The GBP/USD currency also headed lower following the release of the latest UK manufacturing data, which revealed zero expansion in the sector. The GBP/USD currency … “Pound Falls on Weak UK Manufacturing Activity Amid Brexit Fears”
Canadian Dollar Slips on Trade Concerns, Trans Mountain Reversal
The Canadian dollar is sliding before the Labor Day long weekend as global trade concerns and disappointing gross domestic product (GDP) figures are weighing on the loonie. It will be difficult for the Canadian dollar to find direction until a trilateral trade deal with the US and Mexico is either completed or rejected. On Thursday, Statistics Canada reported the economy grew at a 2.9% annualized rate in the second quarter, which is slower than … “Canadian Dollar Slips on Trade Concerns, Trans Mountain Reversal”
Sterling Drops on Market Sentiment, Brexit Fears
The Great Britain pound declined today due to the negative market sentiment and concerns that the United Kingdom will leave the European Union without securing a trade deal first. The sterling was heading to weekly gains, but will likely end August with the fifth consecutive monthly drop. The GfK consumer confidence improved to -7 in August, while analysts had expected it to stay at the same -10 level as in July. The Nationwide House … “Sterling Drops on Market Sentiment, Brexit Fears”
Bitcoin bulls have some reasons to be cheerful
The BTC/USD enjoyed a third consecutive week of quiet gains. The beginning of September should see more volatility. The technical picture looks more bullish after the 50-SMA breach The price of Bitcoin continued its quiet march to the upside, with the BTC/USD surpassing the round $7,000 level. The last week of August featured no extraordinary news to … “Bitcoin bulls have some reasons to be cheerful”
Japanese Yen Gains on Accelerating Inflation, Returning Fears
The Japanese yen rallied today after the release of Japan’s inflation data, though there were bad reports as well. Perhaps what was even more important, the resurging fears of trade wars resulted in more demand for safer currencies, like the yen. Tokyo annual consumer inflation accelerated to 0.9% in August from 0.8% in July, whereas experts had expected it to stay unchanged. Meanwhile, the unemployment rate edged up from … “Japanese Yen Gains on Accelerating Inflation, Returning Fears”