The euro today rallied higher against the US dollar from the late Asian session into the early European session following positive releases from across the Eurozone. Releases from the US docket in the early American session triggered a slight pullback in the EUR/USD currency pair. The EUR/USD currency pair today rallied from an initial low … “Euro Rallies Higher on Mixed Eurozone Data and Weak US PCE Data”
Author: admin_mm
Chinese Yuan Depreciates As Economy Weakens, Manipulation Concerns Linger
The Chinese yuan weakened against the US dollar and a basket of currencies on Tuesday. Despite some modest gains in July, the currency is still hovering around a 13-month low, leaving many traders and world leaders wondering if Beijing is manipulating the yuan. It has been several months since the US government applied hefty tariffs … “Chinese Yuan Depreciates As Economy Weakens, Manipulation Concerns Linger”
NZD Falls After Macroeconomic Releases in New Zealand & China
The New Zealand dollar fell versus its most-traded peers, with the exception of the extremely weak Japanese yen, after underwhelming macroeconomic releases in New Zealand as well as in New Zealand’s major trading partner — China. Statistics New Zealand reported that building consents fell 7.6% in June following the 6.9% rise in May. ANZ Business Confidence dropped from -39.0 in June to -44.9 in July. The report said: Headline business confidence … “NZD Falls After Macroeconomic Releases in New Zealand & China”
Japanese Yen Drops After Uneventful BoJ Meeting
The Japanese yen fell against all of its major rivals today. While domestic macroeconomic data was certainly unhelpful, the biggest reason for the drop was the uneventful Bank of Japan policy meeting. The BoJ left its monetary policy largely unchanged, keeping the main interest rate at -0.1%. The central bank introduced forward guidance for policy rates, saying: The Bank intends to maintain the current extremely low levels of short- and long-term interest … “Japanese Yen Drops After Uneventful BoJ Meeting”
Canadian Dollar Gains on âAbsolutely Amazingâ NAFTA Talks, Higher Oil Prices
The Canadian dollar is rallying to start the trading week, benefiting from reported progress in North American Free Trade Agreement (NAFTA) negotiations and higher energy prices. The loonie may tumble later in the week as the US central bank completes its Federal Open Market Committee (FOMC) policy meeting that could signal a September rate hike. Speaking in an interview with Fox News, White House Council of Economic Advisers Chairman … “Canadian Dollar Gains on âAbsolutely Amazingâ NAFTA Talks, Higher Oil Prices”
EUR/USD: Could See 1.1750 This Week Before Breaking Out Of Range In August – SocGen
EUR/USD is stuck in a range for a long time. What’s next? A breakout may be close. Here is their view, courtesy of eFXdata: Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and notes that prices need to close above 1.1690 by the end of play tomorrow to avoid a fourth consecutive monthly fall – the longest … “EUR/USD: Could See 1.1750 This Week Before Breaking Out Of Range In August – SocGen”
EUR/USD: Could See 1.1750 This Week Before Breaking Out Of Range In August – SocGen
EUR/USD is stuck in a range for a long time. What’s next? A breakout may be close. Here is their view, courtesy of eFXdata: Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and notes that prices need to close above 1.1690 by the end of play tomorrow to avoid a fourth consecutive monthly fall – the longest … “EUR/USD: Could See 1.1750 This Week Before Breaking Out Of Range In August – SocGen”
Accepting Bitcoin as a payment method – Why you should and how to go about it
Cryptocurrency has barely been out of the news since its meteoric rise to prominence in the latter half of 2017. Given its gradual segue into mainstream parlance and usage, accepting Bitcoin (or another cryptocurrency) as payment in your business seems like the next logical step. However, despite cryptocurrency’s growing popularity, Bitcoin, in particular, there are … “Accepting Bitcoin as a payment method – Why you should and how to go about it”
Accepting Bitcoin as a payment method – Why you should and how to go about it
Cryptocurrency has barely been out of the news since its meteoric rise to prominence in the latter half of 2017. Given its gradual segue into mainstream parlance and usage, accepting Bitcoin (or another cryptocurrency) as payment in your business seems like the next logical step. However, despite cryptocurrency’s growing popularity, Bitcoin, in particular, there are … “Accepting Bitcoin as a payment method – Why you should and how to go about it”
Euro Rallies Higher Despite Disappointing German Inflation Data
The euro today rallied higher against the US dollar despite the release of disappointing German inflation data in the mid-European session. The EUR/USD currency pair broke out of the consolidative pattern that dominated the Asian session due to positive investor sentiment towards the single currency. The EUR/USD currency pair today rallied from an initial low … “Euro Rallies Higher Despite Disappointing German Inflation Data”