EUR-USD reacted negatively to the relatively hawkish Fed decision and dropped to support. Can it last? The team at Danske has doubts. Here is their view, courtesy of eFXnews: Danske Research comments on today’s FOMC September decision noticing that markets interpreted it hawkishly by sending EUR/USD lower and US Treasury yields higher. “EUR/USD fell below … “EUR/USD: Post-FOMC Dip To Prove Shallow Before A Recovery”
Author: admin_mm
USD/CAD: Confined To A 4-Cent Range; What’s Next? – TD
The Canadian dollar rallied on the BOC hike but stalled afterward. What is the next move? Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that USD/CAD has been confined to a four cent range as of late and this underscores the fact that the pair is looking for fresh impetus given the cross … “USD/CAD: Confined To A 4-Cent Range; What’s Next? – TD”
EUR/USD Trades Sideways as Markets Await FOMC Rate Decision
The EUR/USD currency pair was today trading sideways as the markets await the Fed interest rate decision scheduled for later today. The currency pair’s slight upward momentum was largely due to previous releases, which highlighted a positive outlook for most EU economies. The currency pair was trading within a 32 point range with the support being established around 1.1990 and resistance being capped at 1.2022. The positive sentiment around the euro … “EUR/USD Trades Sideways as Markets Await FOMC Rate Decision”
NZ Dollar Rises to Highest in More Than a Month
The New Zealand dollar rose today, reaching the highest level since August 7 and gaining for the fourth consecutive day on the Japanese yen. The currency got support from opinion polls regarding the upcoming general election in New Zealand and the current account report. The election will take place on September 23. According to the poll released by One News-Colmar Brunton, support for the ruling National Party increased by 6 points to 46%, while support for the opposition … “NZ Dollar Rises to Highest in More Than a Month”
Pound Struggles to Keep Gains Caused by Retail Sales Data
The Great Britain pound climbed today after retail sales rose last month much more than was anticipated. The currency trimmed its gains by now, losing them against the Japanese yen completely. The Office for National Statistics reported that retail sales grew 1.0% in August from the preceding month compared to the medium forecast of 0.2%. On top of that, the July increase was revised from 0.3% up to 0.6%. The positive … “Pound Struggles to Keep Gains Caused by Retail Sales Data”
US Dollar Declines Despite Strong Housing Numbers
The US dollar weakened against a basket of its major peers on Tuesday, as traders anticipated a monetary policy decision from the Federal Reserve that will be released on Wednesday. The greenback failed to harness enough strength from solid gains in the real estate market, as the spotlight remained on possible hints of future interest rates tomorrow. Prices of federal funds futures showed that investors are pricing in a 98.6% chance that the Federal Open … “US Dollar Declines Despite Strong Housing Numbers”
Drop of Consumer Confidence Doesn’t Affect New Zealand Dollar
The New Zealand rose today, joining its Australian counterpart in a rally, even though the New Zealand consumer confidence dropped this month. The Westpac Consumer Confidence Index slipped from 113.4 in August to 112.4 in September. Yet the report was not particularly pessimistic despite the drop, saying: While consumer confidence has eased a little, households remain in good spirits. That and the general optimistic market sentiment allowed the kiwi to retain … “Drop of Consumer Confidence Doesn’t Affect New Zealand Dollar”
Drop of Aussie After RBA Minutes Doesn’t Last Long
The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest policy meeting. The fall was very brief, though, and the Aussie has recovered against its major rivals by now. Positive housing data likely helped the currency to some degree. The Australian Bureau of Statistics reported that housing prices rose 1.9% in the June quarter from the previous three months, exceeding market expectations of 1.2%. As for the RBA … “Drop of Aussie After RBA Minutes Doesn’t Last Long”
EUR/USD Consolidates Gains After Release of ZEW Survey Data
The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations. The EUR/USD currency pair began today’s session with significant upward momentum as it rallied to levels above 1.2000. The release of the German ZEW survey allowed the currency pair to consolidate its gains around the 1.1990 … “EUR/USD Consolidates Gains After Release of ZEW Survey Data”
EUR/USD: Balance Of Risks Into This Week’s FOMC –
The Fed’s rate decision is the main event of the week. EUR/USD stabilized at a somewhat lower ground. How does the world’s most popular pair enter this decision? Here is their view, courtesy of eFXnews: The main event of the week is the September FOMC meeting on Wednesday and Barclays Capital Research expects no change … “EUR/USD: Balance Of Risks Into This Week’s FOMC –”