The European Central Bank’s decision is coming tomorrow and the fresh dollar weakness sent EUR/USD to new three-year highs ahead of the publication. In our preview, we discussed a buying opportunity on the EUR/USD around the ECB. Here are 5 more opinions: Here is their view, courtesy of eFXnews: EUR/USD: 3 Reasons Why Draghi’s Tone … “Will the ECB send EUR/USD higher or lower? 5 opinions”
Author: admin_mm
EUR/USD Rallies Higher on Positive German ZEW Survey
The EUR/USD currency pair today traded mostly in a tight range after heading lower in the Asian session and the early European session, before heading higher after the release of the German ZEW survey data. The pair’s initial downtrend was largely triggered by news that Congress had resolved the US government shutdown, which triggered a slight recovery in the greenback. The EUR/USD currency pair today traded in a 50-point range having hit a low of 1.2223 … “EUR/USD Rallies Higher on Positive German ZEW Survey”
Dollar Gains After US Government Reopens
The US dollar gained against the vast majority of most-traded currencies (with the exception of the Japanese yen) after the news that the US government is going to reopen. The Senate voted for and President Donald Trump signed the bill that ended the government shutdown. The bill was a stopgap measure, though, as the government stays opened just through February 8 unless a new agreement between politicians will be reached. Nonetheless, the dollar reacted positively … “Dollar Gains After US Government Reopens”
Yen Rises After BoJ Makes No Changes to Monetary Policy
The Japanese yen gained against its main rivals today after the Bank of Japan kept monetary policy without change. Positive macroeconomic data also provided some support, though its impact was subdued. The BoJ left the main interest rate at -0.1% and the size of annual asset purchases at ¥80 trillion as was widely expected. Analysts pointed out that the central bank said in the statement: Medium- to long-term inflation … “Yen Rises After BoJ Makes No Changes to Monetary Policy”
EUR/USD at crossroads ahead of the ECB: neutral, bullish or bearish?
EUR/USD has found some stability above the 1.22 handle. Tension is mounting ahead of the ECB. What’s next? Some see the euro stuck in neutral mode. Here are five opinions: Here is their view, courtesy of eFXnews: EUR/USD: Turning Tactically Neutral: Balance Of Risks Into Next Week’s ECB – BNPP BNP Paribas Research discusses EUR/USD … “EUR/USD at crossroads ahead of the ECB: neutral, bullish or bearish?”
Death By Blockchain: Most common causes of security breaches
It’s likely that everyone in the Bitcoin community remembers where they were when they heard about Mt.Gox. It was perhaps the lowest of the lows for Bitcoin, and for a time threatened to derail the ascent of cryptocurrencies. Suddenly, the shining beacon of the cryptocurrency movement, the untouchable, unhackable blockchain was fragile. For the first … “Death By Blockchain: Most common causes of security breaches”
Pound Declines Against US Dollar on Weak UK Retail Sales Data
The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued. The GBP/USD currency pair lost over 90 points to decline from a high of 1.3944 to a low of 1.3851 in the early American session. The currency pair started today’s session seesawing between … “Pound Declines Against US Dollar on Weak UK Retail Sales Data”
USD/JPY: Broad 110-114.50 Range; BoJ On Hold Next Week- Danske
Dollar/yen certainly reflected the weakness of the US dollar and also moved up on its recovery. And what about the yen side of the equation? The BOJ triggered a “mini taper tantrum” but will the BOJ really move? Here is their view, courtesy of eFXnews: Danske Research discusses its call for next week’s BoJ January … “USD/JPY: Broad 110-114.50 Range; BoJ On Hold Next Week- Danske”
Euro Consolidates Gains Against US Dollar on Mixed US Data
The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher. The EUR/USD currency pair today rallied by over 75 points from a low of 1.2172 to hit a high of 1.2252 in the early American session. The euro today had … “Euro Consolidates Gains Against US Dollar on Mixed US Data”
Euro Trades Lower on ECB Jawboning and Positive Eurozone Data
The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session. The EUR/USD currency pair lost over 120 points to drop from a high of 1.2322 to hit a daily low of 1.2196 in the mid-European session. The euro’s slide started in the Asian session after hitting … “Euro Trades Lower on ECB Jawboning and Positive Eurozone Data”