The UK and the EU decided to hold ongoing negotiations, and that lifted the Euro. Time is running short ahead of self-imposed and real deadlines. The thorny issues remain unresolved, and the UK government is somewhat paralyzed. Talking is better than an extended summer vacation EU Chief Negotiator Michel Barnier and UK Brexit Secretary Dominic … “Brexit talks run continuously, but it does not mean a happy end”
Author: admin_mm
Chinese Yuan Seeks Direction After Trumpâs Currency Manipulator Comments
The Chinese yuan is seeking direction after President Donald Trump accused the worldâs second-largest economy of being a currency manipulator. This prompted officials to deny the allegation, pointing out that the yuanâs exchange rate is determined by the market, not Beijing. But Trump has made these suggestions before, despite the yuan appreciating for several years prior to its recent plunge. Speaking in an interview with Reuters, the president accused China … “Chinese Yuan Seeks Direction After Trumpâs Currency Manipulator Comments”
Sterling Rallies Higher on Renewed Brexit Talks and Weak Dollar
The Sterling pound today rallied higher against the US dollar following yesterday’s announcement by the chief Brexit negotiators to speed up the pace of negotiations. The GBP/USD currency pair was also boosted by the selling pressure around the US dollar following the political developments in two Federal investigations involving President Donald Trump‘s associates. The GBP/USD currency pair … “Sterling Rallies Higher on Renewed Brexit Talks and Weak Dollar”
Positive Macroeconomic Data Doesn’t Help Aussie to Rally
Macroeconomic data released in Australia over the trading session was good. But unlike its New Zealand counterpart, the Australian dollar was unable to rally against any of its rivals, though managed to pare losses against some of them. The six month annualised growth rate in the WestpacâMelbourne Institute Leading Index rose from â0.06% in June to +0.55% in July. Construction work done rose 1.6% in the June quarter from the previous … “Positive Macroeconomic Data Doesn’t Help Aussie to Rally”
New Zealand Dollar Mixed After Retail Sales Beat Expectations
The New Zealand dollar was mixed today, rising against some of its rivals and falling versus others, following the release of retail sales data that beat analysts’ expectations. Statistics New Zealand reported that retail sales rose 1.1% in the June quarter from the previous three months. That is compared to the forecast increase of 0.4% and the 0.3% gain registered in the previous quarter. Core retail sales increased 1.4% versus … “New Zealand Dollar Mixed After Retail Sales Beat Expectations”
GBP/USD: Getting Cable Right The Best G10 FX Trade For Rest Of Year – BofAML
The pound continues rising on the reports of ongoing Brexit negotiations. Can this continue? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses GBP outlook and thinks that sterling is the G10 currency with the most potential to move in the months ahead, as the Brexit deadline is approaching. “To exit the … “GBP/USD: Getting Cable Right The Best G10 FX Trade For Rest Of Year – BofAML”
US Dollar Plunges As Trump âNot Thrilledâ Over Fed Rate Hikes
The US dollar is tumbling on Tuesday after President Donald Trump slammed the Federal Reserve for raising interest rates. Despite criticizing the US central bank on the 2016 campaign trail for keeping rates too low, the president believes that the Fed is not cooperating with his administration to spur growth. These remarks did not help the greenback as the currency suffered one of its biggest single-session losses of the year against a basket … “US Dollar Plunges As Trump âNot Thrilledâ Over Fed Rate Hikes”
3 things to watch in the ECB Meeting Minutes
The ECB Meeting Minutes will shed light on the July meeting, which ended in a lower Euro. Clarifications about the rate hike, Trump’s trade, and ticking inflation stand out. Coming after the Fed minutes, it could serve as a reminder for the ECB’s dovishness. The European Central Bank releases its Monetary Policy Meeting Accounts on Thursday, … “3 things to watch in the ECB Meeting Minutes”
What forex shows about the highs and lows of 2017/18
Are the world’s political leaders up to the job? In tumultuous times the leaders of major nations face an unenviable task in tackling some of the biggest challenges faced in modern times. Forex market experts DailyFX has put US President Donald Trump, UK Prime Minister Theresa May, Japanese Prime Minister Shinzo Abe, Canadian Prime Minister … “What forex shows about the highs and lows of 2017/18”
Pound Rallies on Trumpâs Fed Criticism Ahead of Brexit Talks
The British pound today extended yesterday’s rally against the US dollar following President Trump’s criticism of the Fed’s interest rate hikes. The GBP/USD currency pair shrugged off concerns regarding the possibility of a no-deal Brexit even as the EU’s chief negotiator and the UK’s Brexit minister are set to meet later today. The GBP/USD currency … “Pound Rallies on Trumpâs Fed Criticism Ahead of Brexit Talks”