The Great Britain pound rose against its major rivals today ahead of tomorrow’s monetary policy decision. Today’s domestic macroeconomic data was positive to the currency. The Confederation of British Industry released its Industrial Trend Survey today, showing that the balance of industrial order expectations improved to +13% in June from -3% in May, beating the median forecast of just +1%. Tomorrow, the Bank of England will announce its decision regarding … “Great Britain Pound Strong Ahead of Thursday’s Policy Decision”
Author: admin_mm
Australian Dollar Attempts to Rally, Loses Gains Later
The Australian dollar attempted to rally today as markets were digesting the news about escalation of the trade war between the United States and China. By now, though, the currency has lost most of its gains and is trading near the opening level. Domestic macroeconomic data was unhelpful to the Aussie. The WestpacâMelbourne Institute Leading Index fell 0.2% in May after rising at the same rate in April. The report said: The Leading Index points to slowing growth … “Australian Dollar Attempts to Rally, Loses Gains Later”
Euro Trades Lower Against US Dollar on Jawboning by ECB Members
The euro today traded slightly lower against the US dollar following comments by some members of the European Central Bank‘s governing council. The dovish comments by Ewald Nowotny and Villeroy triggered a knee-jerk reaction by the EUR/USD currency pair, which headed lower. The EUR/USD currency pair today declined from a high of 1.1592 to a low of 1.1538 in the mid-European session following the dovish comments. The release of the German producer price index for May by the Federal Statistical Office … “Euro Trades Lower Against US Dollar on Jawboning by ECB Members”
EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML
EUR/USD is looking for a new move on lower ground. Can it recover? It may not be that easy. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses EUR/USD outlook and maintains a sell-on-rallies strategy. “We remain bearish EURUSD and would sell any rallies. Looking ahead, we expect relative data, trade … “EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML”
EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML
EUR/USD is looking for a new move on lower ground. Can it recover? It may not be that easy. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses EUR/USD outlook and maintains a sell-on-rallies strategy. “We remain bearish EURUSD and would sell any rallies. Looking ahead, we expect relative data, trade … “EUR/USD: Staying Bearish & Looking To Sell On Any Rallies – BofAML”
Euro Declines on Escalating Trade Tensions and Draghi Speech
The euro today declined significantly against the US dollar even as trade tensions between the USA and China escalated increasing demand for the greenback. The EUR/USD currency pair declined further in the early European session following dovish comments by the European Central Bank President regarding the timing of the bank’s first interest rate hike. The EUR/USD currency pair today declined from a high of 1.1645 to a low of 1.1534 in the early American session as the US dollar gained … “Euro Declines on Escalating Trade Tensions and Draghi Speech”
AUD Touches Lowest Since May 2017 vs. USD
The Australian dollar dropped against other most-traded currencies today, reaching the lowest level in more than a year against the US dollar. The Aussie fell following the surge of risk aversion, mixed domestic macroeconomic data, and the release of the central bank’s policy meeting. The Reserve Bank of Australia released minutes of its June policy meeting today. Analysts were concerned that the central bank dropped the mention that the next move in interest rates … “AUD Touches Lowest Since May 2017 vs. USD”
Swiss Franc Gains Boost from Risk Aversion & Economic Outlook
The Swiss franc gained against most other major currencies today, with the exception of the US dollar. The risk-negative market sentiment and the optimistic outlook for Switzerland’s economy helped the currency. Signs that the trade conflict between China and the United States is escalating spooked markets, making traders prefer safer currencies over riskier ones. Meanwhile, the economic forecast by the Federal Government’s Expert Group released by the State Secretariat for Economic Affairs today … “Swiss Franc Gains Boost from Risk Aversion & Economic Outlook”
A trade war could become irreversible after three events around the turn of the month
There is no letting down in trade wars after the catastrophic G-7 Summit and the China tariffs. Markets are beginning to pay a bit more attention, but not panicking just yet. There are three critical dates for each geographic region to pencil in. US President Donald Trump is picking fights on trade, and not only on … “A trade war could become irreversible after three events around the turn of the month”
A trade war could become irreversible after three events around the turn of the month
There is no letting down in trade wars after the catastrophic G-7 Summit and the China tariffs. Markets are beginning to pay a bit more attention, but not panicking just yet. There are three critical dates for each geographic region to pencil in. US President Donald Trump is picking fights on trade, and not only on … “A trade war could become irreversible after three events around the turn of the month”