The British pound today declined against the US dollar despite the release of the second estimate UK GDP data for Q1 2018, which met expectations. The Sterling pound was on a downtrend against the greenback from the Asian session, but rallied slightly following the GDP report before heading lower. The GBP/USD currency pair today declined from a high of 1.3384 to a low of 1.3310 losing over 70 points as at the time of writing. The currency pair … “British Pound Trades Lower Despite In Line UK GDP Data”
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Euro Rallies Higher Against US Dollar on Positive German Data
The euro today rallied higher against the US dollar from the Asian session following yesterday’s dovish FOMC minutes. The positive German GDP data fueled the euro’s rally into the early European session before a slight retracement ensued following the release of the latest ECB minutes. The EUR/USD currency pair today rallied from a low of 1.1690 to a high of 1.1750 for a peak gain of over 55 points. The currency pair’s rally was initially … “Euro Rallies Higher Against US Dollar on Positive German Data”
5 reasons why this EUR/USD rise is only temporary
The EUR/USD is recovering from the lows and finds some reasons to rise. However, this may only be a temporary, as the pair has reasons to fall. Here are five reasons to fade this current recovery. The EUR/USD is on the rise, trading above 1.1700 and contrary to previous days, not losing ground at the wake of … “5 reasons why this EUR/USD rise is only temporary”
GBP/USD: UK Politics Back In Driver Seat N-Term – BTMU
The Brtish Pound is undoubtedly on the back foot as data remains disappointing. But it is not only about the data but also about politics. Here is their view, courtesy of eFXdata: BTMU Research discusses GBP outlook and notes that the real driver of the pound over the short-term is now more related to politics than … “GBP/USD: UK Politics Back In Driver Seat N-Term – BTMU”
Civic (CVCBTC) looks Promising; Support can Bring Higher Levels in
Hello traders, we want to share with you a recognizable pattern on Civic against Bitcoin(CVCBTC), in which we see the potential for much higher levels. Civic made five waves up from 0.000026 lows, which means that trend is bullish. In EW theory, after every five waves, a three-wave pullback follows. If we also consider current … “Civic (CVCBTC) looks Promising; Support can Bring Higher Levels in”
eFXplus and Thomson Reuters Expand the Derived Data Service Partnership
eFXplus, a fintech strategy platform by eFXdata, is announcing its strategic partnership with Thomson Reuters (TR) to derive and stream TR-IFR Markets data in real-time. Through the partnership, Thomson Reuters supports innovative solutions developed by eFXdata by providing access to its new IFR Markets data APIs. eFXdata has devised a machine reader for said APIs … “eFXplus and Thomson Reuters Expand the Derived Data Service Partnership”
British Pound Hits New Lows on Lackluster UK Inflation Data
The British pound was on a downtrend against the US dollar from the start of today’s session largely boosted by a risk-off sentiment in the markets. The downtrend was further accelerated by the release of the UK Consumer Price Index data for April, which missed expectations, dragging the pound much lower. The GBP/USD currency pair today lost over 135 points to decline from a high of 1.3442 to a low of 1.3305. The currency pair’s decline was initially caused by the risk … “British Pound Hits New Lows on Lackluster UK Inflation Data”
The Long term USD forecast
In early 2017, President Trump made a comment that caught many by surprise. The ‘dollar was too strong’, he said. Consequently, this meant that the U.S government would no longer be in favor of the Clinton-era two-decade strong dollar policy. According to David Woo, Head of Global Rates and Foreign Exchange research at Bank of … “The Long term USD forecast”
Euro Drops to New YTD Lows on Disappointing Eurozone PMIs
The euro today hit new 2018 lows against the US dollar following the release of disappointing advance PMI data from across the Eurozone. Some of the PMIs released by IHS Markit included the Markit/BME Germany Manufacturing PMI, which missed expectations by a significant margin. The EUR/USD currency pair today lost over 88 points to decline from a high of 1.1788 to a 6-month low of 1.1699. The currency pair was on a downtrend from the Asian session, … “Euro Drops to New YTD Lows on Disappointing Eurozone PMIs”
Turkish Lira Crashes to Record Low
The Turkish lira crashed today, sinking 5% to the record low before recovering a bit. The currency still trades far below the opening level. Analysts attributed the crash to concerns about the direction of monetary policy under President Tayyip Erdogan. While some specialists speculated that Turkey’s central bank may raise interest rates to prevent depreciation of the currency, others said that the bank is not independent enough to do so … “Turkish Lira Crashes to Record Low”