The euro was on a downtrend today from the mid-Asian session to the mid-European session as the markets digested the mixed US non-farm payroll report from Friday. The euro’s decline was further accelerated by weak releases from across the Eurozone such as the disappointing German factory orders for March. The EUR/USD currency pair today lost over 75 points to decline from an initial high of 1.1978 to a low of 1.1898. The mixed non-farm payroll report, which registered … “Euro Trades Lower on Disappointing Releases From Across the Eurozone”
Author: admin_mm
Australian Dollar Lower Despite Record High Business Conditions
The Australian dollar traded broadly lower today despite a report that showed that the business conditions index reached the record high level last month. National Australia Bank reported that the business conditions index increased from +15 to +21 in April, reaching the highest level since the survey was performed in March 1997 for the first time. Furthermore, the business confidence index improved from +8 to +10. Alan Oster, NAB … “Australian Dollar Lower Despite Record High Business Conditions”
Casualties of War – The Financial Toll of an All-out Proxy War in Syria
There is one thing common to all wars fought by Man since time immemorial, apart from the death and destruction—it is an opportunity to make money. War and economics march hand in hand, and nowhere is that more clearly illustrated than in the complex war in Syria, which has now been raging for almost seven … “Casualties of War – The Financial Toll of an All-out Proxy War in Syria”
US Dollar Retains Strength After Disappointing Nonfarm Payrolls
The US dollar showed relatively solid performance today, considering that the major economic release, nonfarm payrolls, came out rather disappointing. The headline figure came out below expectations at 164,000 versus forecasts of 190,000. Wage inflation remained stable at 0.2%, while analysts had expected it to accelerate a bit to 0.3%. The unemployment rate was the only part of report that turned out to be better than expected, falling … “US Dollar Retains Strength After Disappointing Nonfarm Payrolls”
Euro Declines on Weak Eurozone PMI Releases Amid Poor NFP Data
The euro today was on a downtrend against the US dollar following the release of weak PMI data from across the Eurozone by IHS Markit. The euro’s downtrend was further accelerated by the release of disappointing Eurozone retail sales data for March in the early European session. The EUR/USD currency pair today lost over 80 points to decline from a high of 1.1995 to a low of 1.1910. The currency pair was on a downtrend from the late Asian session and the release … “Euro Declines on Weak Eurozone PMI Releases Amid Poor NFP Data”
Aussie Rallies on RBA Statement & China’s Data, Unable to Keep Gains
The Australian dollar rallied intraday, lifted by the optimistic outlook for the nation’s economy and positive macroeconomic data from China. Yet the currency was unable to preserve gains, falling to the opening level against some rivals and below it against others by now. The Reserve Bank of Australia released its Statement on Monetary Policy today. The outlook for the Australian economy, expressed by the central bank, was rather optimistic, though the RBA voiced concern about increasing … “Aussie Rallies on RBA Statement & China’s Data, Unable to Keep Gains”
The end of DDoS? Future promises and current problems with blockchain technology
Blockchain technology is currently being hailed as, well, many things. In any given day you might see it called a disruptor or the future of financial transactions or the answer to data storage and digital identity issues or the technology that will finally put an end to DDoS attacks. New technologies are never a stranger … “The end of DDoS? Future promises and current problems with blockchain technology”
The end of DDoS? Future promises and current problems with blockchain technology
Blockchain technology is currently being hailed as, well, many things. In any given day you might see it called a disruptor or the future of financial transactions or the answer to data storage and digital identity issues or the technology that will finally put an end to DDoS attacks. New technologies are never a stranger … “The end of DDoS? Future promises and current problems with blockchain technology”
More resistance than support for the EUR/USD ahead of the NFP
The Technical Confluences Indicator shows that the battle lines are well-defined toward the all-important release of the US Non-Farm Payrolls. A congestion of support lines awaits around $1.1950 with the one-day High, the Bolinger Band one-day Lower, and the Pivot Point one-day Support 1. Further support is at $1.1920 which sees the confluence of the Pivot Point one-day S2 and … “More resistance than support for the EUR/USD ahead of the NFP”
Canadian Dollar Mixed amid Clashing Fundamentals
The Canadian dollar was mixed today, rising against some currencies and falling versus others. The possible reason for that were clashing fundamentals, which did not provide a clear direction to the loonie. Statistics Canada reported that the trade balance deficit widened from C$2.9 billion in February to C$4.1 billion in March. That is instead of shrinking to C$2.3 billion as economists had predicted. Looking deeper into the report, the situation did … “Canadian Dollar Mixed amid Clashing Fundamentals”