The euro today rallied higher amid calm global financial markets, which encouraged a risk-on mood among investors boosting the single currency. However, the euro gave up some of its gains against the US dollar following the release of mixed US retail sales data in the early American session. The EUR/USD currency pair today rallied from an opening low of 1.1675 to a high of 1.1725 in the American session, but later gave up … “Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales”
Author: admin_mm
British Pound Declines Before Trump-May Meeting, Later Rallies Higher
The British pound today headed lower in the early European session following comments by Donald Trump ahead of his meeting with the British Prime Minister. However, the pound staged a recovery from the early American session as the US dollar experienced a modest retracement upon which the pound capitalized. The GBP/USD currency pair today declined declined to a daily low of 1.3125, but later rallied to a new high of 1.3221, and was on an uptrend at the time of writing. … “British Pound Declines Before Trump-May Meeting, Later Rallies Higher”
Safe havens look unsafe with trade wars supporting the USD
The escalation of the trade wars does not result in all the expected reactions. Commodities and their currencies are sensitive as one would expect. Safe-haven currencies are far from providing the expected reactions. The US is moving forward and readying new tariffs on China, this time worth a whopping $200 billion of Chinese goods. There is … “Safe havens look unsafe with trade wars supporting the USD”
Safe havens look unsafe with trade wars supporting the USD
The escalation of the trade wars does not result in all the expected reactions. Commodities and their currencies are sensitive as one would expect. Safe-haven currencies are far from providing the expected reactions. The US is moving forward and readying new tariffs on China, this time worth a whopping $200 billion of Chinese goods. There is … “Safe havens look unsafe with trade wars supporting the USD”
3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure
The ECB Meeting Minutes reiterated the dovish points in the rate decision. The minutes contradict reports about an earlier hike. The EUR/USD receives no support from the data. The European Central Bank released its Meeting Minutes from the June 14th meeting that sent the Euro tumbling down. The ECB announced the tapering down and end … “3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure”
3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure
The ECB Meeting Minutes reiterated the dovish points in the rate decision. The minutes contradict reports about an earlier hike. The EUR/USD receives no support from the data. The European Central Bank released its Meeting Minutes from the June 14th meeting that sent the Euro tumbling down. The ECB announced the tapering down and end … “3 dovish themes in the ECB’s minutes, good reasons to keep EUR/USD under pressure”
Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data
Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data. The EUR/USD currency pair today dropped from a high of 1.1693 to a low of 1.1649, but later retraced most of its losses. The currency pair … “Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data”
The USD can continue higher alongside prices
The US inflation report is expected to show another rise in core prices in June. The US Dollar is relatively balanced, making the reaction more straightforward. The US publishes its Consumer Price Index report on Thursday, July 13th, at 12:30 GMT. The Federal Reserve focuses on Core Inflation, making the figure the focal point of … “The USD can continue higher alongside prices”
The USD can continue higher alongside prices
The US inflation report is expected to show another rise in core prices in June. The US Dollar is relatively balanced, making the reaction more straightforward. The US publishes its Consumer Price Index report on Thursday, July 13th, at 12:30 GMT. The Federal Reserve focuses on Core Inflation, making the figure the focal point of … “The USD can continue higher alongside prices”
Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains
The Canadian dollar today appreciated against its American counterpart after the Bank of Canada‘s interest rate decision, which was widely anticipated. The loonie’s rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions. The USD/CAD currency pair today dropped from a high of 1.3174 to a low of 1.3097 following the BoC announcement. The currency pair headed lower after … “Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains”