EUR/USD, the world’s most popular currency pair, is moving at a slow rate. This may frustrate many traders who are looking for those long-forgotten big breakouts. However, the comatose pace doesn’t mean choppy trading, at least now in these first days of 2018. Here is what happened with euro/dollar so far in the new year. … “How EUR/USD respects technical levels in 2018 – 4 examples”
Author: admin_mm
British Pound Declines on Chaotic Cabinet Reshuffle
The British pound today registered a massive drop against the US dollar after a cabinet reshuffle by Theresa May turned chaotic. The cabinet reshuffle turned chaotic after the Education Secretary Justine Greening quit the government and Health Minister Jeremy Hunt refused to vacate his office. The GBP/USD currency pair lost over 70 points from a daily high of 1.3582 hit during the Asian session to hit a low of 1.3510 in the early American … “British Pound Declines on Chaotic Cabinet Reshuffle”
Euro Declines Despite Solid German Data as Traders Remain Cautious
The euro fell against the US dollar and the British pound on Tuesday, despite positive economic data in Germany, Europeâs biggest economy. Demand for the shared currency was faint as caution spread between traders as they worried of corrective movements that may follow a rally that lasted for months. Destatis, Germanyâs official statistical office, released two reports earlier today on industrial production and trade balance. The first report stated that industrial … “Euro Declines Despite Solid German Data as Traders Remain Cautious”
EUR/USD: After losing 1.20, what’s next? 4 opinions
EUR/USD lost the 1.20 level. While it hasn’t been able to regain it, the pair isn’t falling too fast either. What’s next? Here are four opinions. Here is their view, courtesy of eFXnews: EUR/USD: ‘Beware Of Bull Trap Risks’: Key Levels To Watch – BofAML Bank of America Merrill Lynch Research discusses EUR/USD technical outlook … “EUR/USD: After losing 1.20, what’s next? 4 opinions”
EUR/USD Drops to New Lows Despite Positive Eurozone Data
The EUR/USD currency pair today declined to new lows below the crucial 1.2000 psychological level and was on a track to book the second consecutive losing session this year. The currency pair’s decline was largely triggered by the goodish recovery in the US dollar as investors ignored Friday’s disappointing US jobs data. The EUR/USD currency pair lost over 80 points from a session high of 1.2052 to hit a low of 1.1967 in the early American session. … “EUR/USD Drops to New Lows Despite Positive Eurozone Data”
USD/CAD: Job Report Enough For BoC To Hike This Month – CIBC
The Canadian dollar enjoyed a superb jobs report: back to back gains of around 79K. What are the implications for the loonie? Here is the view from CIBC: Here is their view, courtesy of eFXnews: CIBC Research discusses the reaction to today’s Canadian jobs report for the month of December. “The books closed on a phenomenal … “USD/CAD: Job Report Enough For BoC To Hike This Month – CIBC”
Should I buy Bitcoin Futures?
The wonderful world of futures contracts has finally caught up with the exciting new world of cryptocurrencies. If you pardon the pun, for Bitcoin, the futures is now. Futures contracts have been in use since the late 19th century. A futures contract is an agreement for the delivery of goods at a specified date in … “Should I buy Bitcoin Futures?”
Australian Dollar Falls as Trade Balance Logs Unexpected Deficit
The Australian dollar fell against its major counterparts (with the exception of the Japanese yen) as the nation’s trade balance missed market expectations. Australia’s trade deficit rose from A$0.3 billion in October (negatively revised from the surplus of A$0.11 billion) to A$0.63 billion in November. It was nowhere near the excess of A$0.55 billion predicted by economists. The Australian currency dropped after the report, halting the earlier rally, though the Aussie managed to retain … “Australian Dollar Falls as Trade Balance Logs Unexpected Deficit”
Euro Declines Against US Dollar on Weak Eurozone CPI
The euro was on a downtrend against the US dollar for most of the European session having been in a consolidation phase during the Asian session. The single currency’s decline was largely precipitated by the modest recovery in the US dollar demand. The EUR/USD currency pair today lost about 40 points to decline from a session high of 1.2079 to a low of 1.2039 during the early European session. The release of the positive core Eurozone CPI data for December by Eurostat had … “Euro Declines Against US Dollar on Weak Eurozone CPI”
Yen Vulnerable as Traders Don’t Shun Risk
The Japanese yen together with the Swiss franc were the weakest currencies at the start of the year due to traders’ risk appetite. The last trading day of the week was not different as the yen slid against its most-traded rivals, reaching a new multi-year low versus the euro. Many global stock indices were at record highs, signaling about confidence among investors. Commodities and riskier currencies were also benefiting from the wide-spread risk … “Yen Vulnerable as Traders Don’t Shun Risk”