The euro today hit new highs against the US dollar after the release of soft US advance goods trade balance data among other releases. The EUR/USD currency pair today reversed a dip that occurred during the mid-European session boosted by falling US Treasury yields. The EUR/USD currency pair today rallied by over 50 points from a low of 1.1895 in the Asian session to a high of 1.1950 in the American session. The euro today … “Euro Hits New Highs Against US Dollar on Weak US Trade Data”
Author: admin_mm
Aussie Pauses Rally, Bulls Unafraid
The Australian dollar fell today, but market analysts argued that it looks more like profit-taking after the strong rally than a trend-change. In fact, the Aussie continued to rise against its US counterpart, logging the sixth consecutive daily gain. Some economists theorized that the Australian dollar suffered as the surging US Treasury bond yields made investors take profit from higher-yielding currencies. It is not surprising … “Aussie Pauses Rally, Bulls Unafraid”
USD/JPY Drops on Japanese Data, BoJ Summary of Opinions
The Japanese yen gained on the very soft US dollar today thanks to better-than-expected macroeconomic data released in Japan over the trading session and signs that some policy makers want to end the era of ultra-loose monetary policy. The currency showed mixed performance versus other most-traded peers. The Bank of Japan released the Summary of Opinions at the monetary policy meeting that happened last week. It showed that some of the central bank’s members … “USD/JPY Drops on Japanese Data, BoJ Summary of Opinions”
USD/CAD Falls to 3-Week Lows on Oil Price Rally
The USD/CAD currency pair today fell to new 3-week lows as the Canadian dollar rallied against its US counterpart boosted by a rally in global oil prices. The release of US consumer confidence index for December also contributed to the currency pair’s decline as it did not meet expectations. The USD/CAD currency pair fell by about 70 points from a daily high of 1.2695 hit during the Asian session to a low of 1.2625 in the early American … “USD/CAD Falls to 3-Week Lows on Oil Price Rally”
Ethereum price: ETH/USD sliding but holds onto support – buying opportunity?
ETH/USD is trading around $740, well within a well-defined trading range when looking at regular lines of support and resistance and also looking at the uptrend channel. The lines are currently converging at a critical spot. If this line holds, there may be a buying opportunity, at least from a technical perspective. Ethereum suffered from the … “Ethereum price: ETH/USD sliding but holds onto support – buying opportunity?”
Japanese Yen Weak Despite Housing Data
The Japanese yen was soft today against its most-traded rivals, with the exception of the safe haven currencies, even as macroeconomic data released during the current trading session in Japan was better than expected. According to the official data, the number of housing starts in Japan fell by 0.4% in November from a year ago. That was a far better reading than a drop by 2.5% predicted by analysts and the 4.8% slump registered in October. But … “Japanese Yen Weak Despite Housing Data”
Euro Rallies Against US Dollar on Positive Investor Sentiment
The euro today rallied higher against the US dollar boosted by positive investor sentiment towards the single currency. The lack of any significant data from the Eurozone economic docket means that the single currency’s rally was not triggered by any fundamental drivers. The EUR/USD currency pair today rallied by about 45 points from a daily low of 1.1854 to hit a high of 1.1899, but could not overcome the crucial 1.1900 resistance … “Euro Rallies Against US Dollar on Positive Investor Sentiment”
Australian Dollar Joins Rally of Commodity Currencies
The Australian dollar rose today, joining the other commodity currencies in the rally during holiday-thinned trade. Markets can act erratically during holidays, and today’s trading was a proof of that. There were no discernible reasons for commodity currencies to rally. In fact, quite the opposite was true as the sharp drop of crude oil prices should have dragged such currencies down. Yet that was not the case as currencies of Australia, Canada, … “Australian Dollar Joins Rally of Commodity Currencies”
Can cryptos can cause bankruptcy for brokers?
With forex volatility so low and so much excitement about bitcoin and other altcoins, quite a few forex brokers have offered trading in these new and shiny cryptocurrencies. Brokers are responding to demand and by allowing trading on digital coins, they can attract new clients. Yet these clients may not necessarily be the ones that brokers … “Can cryptos can cause bankruptcy for brokers?”
Can cryptos can cause bankruptcy for brokers?
With forex volatility so low and so much excitement about bitcoin and other altcoins, quite a few forex brokers have offered trading in these new and shiny cryptocurrencies. Brokers are responding to demand and by allowing trading on digital coins, they can attract new clients. Yet these clients may not necessarily be the ones that brokers … “Can cryptos can cause bankruptcy for brokers?”