The Australian dollar rose against most of its major peers even though data from Australia’s main trading partner, China, was a bit disappointing. China’s trade surplus increased from $28.47 billion in September to $38.2 billion in October. While it was not a bad reading by itself, the actual value was below the median forecast of $39.5 billion. But on an annual basis, the growth of imports was outpacing the growth of exports. … “Australian Dollar Rallies, Disregarding China’s Trade Data”
Author: admin_mm
GBP/USD to 1.25 during the next 6 months – BNPP
GBP/USD has been hit by the BOE but has not gone too far. The pair still maintains the range. What are the long-term prospects for the pair? Here is their view, courtesy of eFXnews: BNP Paribas Research discusses GBP outlook in light of last week’s BoE policy decision. “We expect growth in the UK to … “GBP/USD to 1.25 during the next 6 months – BNPP”
US Dollar Falls as Concerns Surrounding Republican Tax Reform Grow
The US dollar lost ground against most of its major peers in early trading on Wednesday, as investors grew more concerned that a tax reform plan that Republicans prepared could be delayed. However, the greenback strengthened against the British pound as demand for the British currency fell due to a new scandal within the British government. A report on Tuesday suggested that the highly anticipated US tax reform bill may be delayed … “US Dollar Falls as Concerns Surrounding Republican Tax Reform Grow”
USD/JPY: Still The Best Vehicle To Play US Tax Reform;
USD/JPY made an attempt to move to the upside, temporarily rising above 114.50, but retreated back under 114. What’s next? ING tackles the pair from a different angle. Here is their view, courtesy of eFXnews: ING FX Strategy Research is mildly bullish on USD/JPY around current levels on the prospects of US tax reform and expects the … “USD/JPY: Still The Best Vehicle To Play US Tax Reform;”
Euro Hits 4-Month Lows Against US Dollar on Draghi Speech
The euro today hit new 4-month lows against the US dollar after Mario Draghi‘s speech at the European Central Bank‘s Forum on Banking Supervision in Frankfurt. Higher demand for the US dollar also contributed to the EUR/USD currency pair’s decline as the US Dollar Index traded at new highs during today’s session. The EUR/USD currency pair declined by about 60 points from its daily high to hit a 4-month low of 1.1554 after … “Euro Hits 4-Month Lows Against US Dollar on Draghi Speech”
NZD Lower vs. USD, Stable vs. Other Majors Ahead of RBNZ
The New Zealand dollar traded lower against its US counterpart today, but was stable against other majors. Traders were waiting for tomorrow’s policy decision of the Reserve Bank of New Zealand. The RBNZ will announce its decision at 20:00 GMT on Wednesday. The general consensus is that the central bank will keep its main interest rate unchanged at 1.75%. A press conference will follow the announcement, and it may … “NZD Lower vs. USD, Stable vs. Other Majors Ahead of RBNZ”
Australia Dollar Falls After RBA Remains Passive
The Australian dollar fell today after Reserve Bank of Australia remained passive, showing it has no plans for raising interest rates in the foreseeable future. The RBA left its main interest rate unchanged at 1.5% as was widely expected. The policy statement did not provide anything particularly new. It mentioned, though, that the appreciation of the currency may hurt economic growth and inflation. The construction PMI reported by Australian Industry … “Australia Dollar Falls After RBA Remains Passive”
Trader of the Year 2017 – registration open
FXStreet and Swissquote present the 11th edition of Trader of the Year. You can sign up here. The contest features very interesting prizes and Forex Crunch is happy to be a media partner. Use the hashtag #FXSTraderofTheYear when tweeting about this event. You can read more in the original publication here or below Barcelona, October … “Trader of the Year 2017 – registration open”
Trader of the Year 2017 – registration open
FXStreet and Swissquote present the 11th edition of Trader of the Year. You can sign up here. The contest features very interesting prizes and Forex Crunch is happy to be a media partner. Use the hashtag #FXSTraderofTheYear when tweeting about this event. You can read more in the original publication here or below Barcelona, October … “Trader of the Year 2017 – registration open”
Euro Steadies at Lowest Level in 10 Days in Wake of Mixed Services Sector Data
The euro traded within a tight range against the US dollar on Monday, following a mixed picture that was painted by new readings for the services sector within major European economies. A lack of major economic releases in the United States today left traders anticipating additional information on the Republican tax reform plan, which kept the dollar little changed since Friday. IHS Markit, which releases monthly updates for economic activity in major … “Euro Steadies at Lowest Level in 10 Days in Wake of Mixed Services Sector Data”