The Great Britain pound rallied today against some of its major rivals, though not against the euro, even as macroeconomic data released in the United Kingdom over the trading session was rather poor. The seasonally adjusted IHS Markit/CIPS UK Construction PMI slumped from 51.4 in February to 47.0 in March, far below the consensus forecast of 50.9. The index fell below the neutral 50.0 level for the first time in six months, meaning … “Sterling Shows Resilience in Face of Poor Data From Britain”
Author: admin_mm
EUR/USD Trades in a Tight Range on Both Eurozone and US Data
The EUR/USD currency pair today traded in a tight range from the early European session following the release of mixed Eurozone data. The currency pair remained stable during the American session following several US releases such as the ADP employment change data. The EUR/USD currency pair today traded in a 58-point range between a high of 1.2314 and a low of 1.2256. The core Eurozone CPI print released by Eurostat early in the European session missed expectations … “EUR/USD Trades in a Tight Range on Both Eurozone and US Data”
Oanda Review
Oanda Review See what our users say about Oanda Review Do you suspect fraud? Oanda Review History and Background You will be hard pressed to find a more highly respected forex broker in the market than is OANDA in the forex industry. The firm, established in 1996, was one of the original pioneers that toiled … “Oanda Review”
Z.Com Trade Review
Z.Com Trade Review See what our users say about Z.Com Trade Review Do you suspect fraud? Z.Com Trade Review History and Background Acknowledged as the retail forex industry’s volume leader, the GMO CLICK Group officially launched its UK subsidiary Z.com Trade, in March 2015. Founded in Japan in 2005, the group has offices in the … “Z.Com Trade Review”
GMO Trading Review
GMO Trading Review See what our users say about GMO Trading Review Do you suspect fraud? GMO Trading Review Background GMO Trading seems to focus on keeping its offer as simple as possible, while at the same time giving its traders all the tools they could possibly need to be successful. By such tools, above … “GMO Trading Review”
Aussie Unsure Where to Go in Turbulent Environment
The Australian dollar was little changed today against some rivals, while falling versus the strong yen, amid mixed domestic macroeconomic data, poor data from China (Australia’s biggest trading partner), and escalating trade wars between China and the United States. Talking about Australian economic reports, on the positive side, retail sales rose 0.6% in February from January (seasonally adjusted), two times the forecast rate of increase. … “Aussie Unsure Where to Go in Turbulent Environment”
Yen Gains as Trade War Between US & China Escalates
The Japanese yen rose today on signs that the trade war between the United States and China escalates. In response to the US tariffs on Chinese goods, China announced its plans to impose tariffs on about $50 billion of US imports. The new duties will be applied to 106 US products. Trade wars between two world’s biggest economies does not bode well to the global economy, therefore the news spurred investors to seek … “Yen Gains as Trade War Between US & China Escalates”
USD: 5 Reasons Behind Equity Market Turmoil; USD Set To Gain N-Term – Nordea
The stock markets are suffering enhanced turbulence that is affecting currencies as well. What is going on? Here is their view, courtesy of eFXnews: Nordea Research discusses the recent equity market conditions and argues that along with trade tensions, there are larger forces at play, such as… “i) a weaker global macro environment (PMIs are falling), ii) the tide of dollar … “USD: 5 Reasons Behind Equity Market Turmoil; USD Set To Gain N-Term – Nordea”
Canadian Dollar Gains amid Hopes for NAFTA Deal
The Canadian dollar jumped against its rivals today on optimism about the NAFTA deal and as prices for crude oil, Canada’s main export commodity, rebounded after yesterday’s slump. Bloomberg reported that Trump administration is pushing for a preliminary deal for the North American Free Trade Agreement at the summit in Peru next week. The sources asked to remain unnamed as the discussion between US politicians was private. The United States are Canada’s biggest … “Canadian Dollar Gains amid Hopes for NAFTA Deal”
Japanese Yen Soft Even as BoJ Discusses Stimulus Exit
The Japanese yen fell against its most-traded rivals today even as the Bank of Japan was discussing internally an exit from unprecedented monetary stimulus. Some currencies, though, have trimmed their gains against the yen by now. Governor Haruhiko Kuroda said that BoJ members were discussing stimulus exit among themselves: Internally weâre conducting various discussions. Yet he stated that releasing details of such talks … “Japanese Yen Soft Even as BoJ Discusses Stimulus Exit”