The Japanese yen dropped against its major rivals today despite optimistic comments from Bank of Japan Governor Haruhiko Kuroda. The likely reason for that was the improving market sentiment. Kuroda showed optimism about inflation in today’s speech, saying: With the output gap improving and medium- to long-term inflation expectations seen heightening, we expect inflation to accelerate as a trend and head toward 2 percent. He also said, though, … “Japanese Yen Drops Despite Kuroda Expressing Optimism”
Author: admin_mm
Australian Dollar Firm After Weak Data
The Australian dollar fell against its US counterpart slightly but gained on other most-traded peers today even though domestic macroeconomic data was not particularly helpful to the currency. The Melbourne Institute inflation expectations fell by 0.1 percentage point to 3.6% in April. The number of home loans fell by 0.2% in February from January. That is compared to the predicted drop by 0.3% and the previous month’s decline of 1.0%. AUD/USD traded at 0.7749 … “Australian Dollar Firm After Weak Data”
Dollar Mixed After FOMC Policy Minutes
The US dollar was mixed following today’s release of policy minutes by the Federal Open Market Committee. The currency fell against some rivals, while gained on others (primarily the riskier ones linked to the commodity market). Markets considered the minutes of the March policy meeting, during which the Federal Reserve raised interest rates, to be largely hawkish. With that said, Fed members discussed ramifications of potential trade wars: A number of participants … “Dollar Mixed After FOMC Policy Minutes”
Euro Rallies Against US Dollar on Draghi Speech and US CPI Data
The euro today rallied slightly higher against the US dollar following the ECB President, Mario Draghi‘s speech at an event in Frankfurt. The euro kept rising after the release of the US Consumer Price Index data despite the core inflation print being in line with expectations. The EUR/USD currency pair today gained over 40 points to rally from a low of 1.2352 to trade at a high of 1.2396 at the time of writing. The currency pair was on an uptrend … “Euro Rallies Against US Dollar on Draghi Speech and US CPI Data”
Australian Dollar Falls After Poor Reports from Australia & China
The Australian dollar fell against other major currencies today due to poor macroeconomic data in Australia as well as its biggest trading partner — China. The Westpac-Melbourne Institute Consumer Sentiment Index for Australia fell 0.6% in April after rising 0.2% in March. China’s Consumer Price Index rose 2.1% in March, year-on-year, slowing from the 2.9% inflation in February and missing the average forecast of a 2.6% increase. Meanwhile, the Producer Price Index rose … “Australian Dollar Falls After Poor Reports from Australia & China”
Japanese Yen Firm Despite Mixed Data, Positive Market Sentiment
The Japanese yen rallied against its most-traded rivals today despite mixed domestic macroeconomic data and the positive general market sentiment. The Producer Price Index rose 2.1% in March from the same month a year ago, matching expectations. Core machinery orders made by the private sector in February increased by 2.1% compared to January — a far better reading than a drop by 2.6% predicted by experts. Bank lending increased by 2.0% in March, year-on-year, … “Japanese Yen Firm Despite Mixed Data, Positive Market Sentiment”
British Pound Drops Slightly on Mixed UK Economic Releases
The British pound today dropped slightly against the US dollar following a deluge of mixed releases from the UK docket including the crucial manufacturing production data. The GBP/USD’s decline was further accelerated by profit taking as most traders closed their trades following the currency pair’s massive rally, which started on Friday last week. The GBP/USD currency pair declined from a high of 1.4223 in the early European session to a trade at a low of 1.4181 … “British Pound Drops Slightly on Mixed UK Economic Releases”
Property vs Shares: Which is a better investment?
When creating an investment, you want to ensure that you’ll get reliable income and capital returns over the long term. So what’s the best way to do this? Oddly enough, this important investment decision comes down to your personality type and the lifestyle you choose, as much as the market evidence. Who’s choosing property? Australians … “Property vs Shares: Which is a better investment?”
Canadian Dollar Rallies Against US Dollar Despite Weak Housing Data
The Canadian dollar today rallied against its US counterpart despite the release of weak Canadian building permits data by Statistics Canada driving the USD/CAD currency pair to 6-week lows. The release of positive US Producer Price Index data could not reverse the currency pair’s downtrend due to positive investor sentiment towards the loonie. The USD/CAD currency pair today lost over 75 points to decline from an opening high of 1.2705 … “Canadian Dollar Rallies Against US Dollar Despite Weak Housing Data”
FOMC minutes will try to balance between trade fears and optimism on the economy
The Fed publishes the meeting minutes from the first rate decision led by Powell. The focus is on inflation and also on the actions of the government. The US Dollar will look for any hints about a fourth rate hike in 2018. The Federal Reserve releases the FOMC Meeting Minutes on Wednesday, April 11th, at … “FOMC minutes will try to balance between trade fears and optimism on the economy”