The Fed is making its decision today and a dovish hike is on the cards. How will the dollar react? Here is their view, courtesy of eFXnews: NAB FX Strategy Research expects a quarter-point lift to the Fed Funds rate (to 1.0-1.25%) at the FOMC June meeting and argues that any thing other than retention of … “USD: Fed To The Rescue: Will The USD Rally Out”
Author: admin_mm
British Pound Climbs vs. Euro and US Dollar on Strong Inflation Data
The British pound moved higher versus the euro and the US dollar on Tuesday, driven by gains in UK inflation and home prices that were bigger than expected. However, negative producer prices data limited the poundâs climb today. A weaker British pound in recent months seem to have contributed to higher inflation in the United Kingdom. The UK Office for National Statistics released a report earlier today that said that the consumer prices index … “British Pound Climbs vs. Euro and US Dollar on Strong Inflation Data”
Japanese Yen Weakens Against US Dollar on Higher Risk Sentiment
The Japanese yen today weakened against the US dollar as the markets’ risk appetite increased given the positive performance of European and US equity markets, and the weak demand for the yen. Disappointing Japanese Business Sentiment Index (BSI) data released by the Ministry of Finance also increased the selling pressure on the yen. The currency pair retraced much of yesterday’s losses during the European session as demand for the yen declined due to a higher risk sentiment in the markets. The pair traded … “Japanese Yen Weakens Against US Dollar on Higher Risk Sentiment”
EUR/USD: 6 Reasons To Stay Bearish N-Term – Nordea
EUR/USD is never too far from the 1.12 level, trading a bit above or a bit below this level. What’s next? The team at Nordea leans to the dovish side: Here is their view, courtesy of eFXnews: Nordea FX Strategy Research recommends staying short-term bearish EUR/USD on the ground of the following 6 reasons: “1) The pair … “EUR/USD: 6 Reasons To Stay Bearish N-Term – Nordea”
US Dollar Moves Lower Against Major Peers Ahead of Fed Meeting
The US dollar declined against a basket of other major currencies on Monday to begin the week on a negative note. Tomorrow, the Federal Open Market Committee is set to begin a monetary policy meeting that will last two days, which reduced tradersâ appetite for risk and pushed the Japanese yen higher against the greenback. The Federal Reserve will release a statement on Wednesday that will include the latest interest rate decision from the Federal … “US Dollar Moves Lower Against Major Peers Ahead of Fed Meeting”
EUR/USD Trades in a Narrow Range on Empty Dockets
The EUR/USD currency pair today traded in a tight range with minimal movement given the empty US and EU dockets. There were no major factors that could influence the direction of the currency pair, however, the US dollar strengthened against the euro later in today’s session. The euro gapped higher against the US dollar early in today’s session continuing a rally that started mid-Friday, but it has since retraced most … “EUR/USD Trades in a Narrow Range on Empty Dockets”
GBP/USD – more downside to 1.21? Two opinions
The British pound is stuck between a rock and a hard place. The fallout from the UK elections is devastating for the pound, which extends its falls on 4 developments. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: GBP: UK Elections: GBP/USD To Test 1.2515 En-Route To 1.2100 – UOB … “GBP/USD – more downside to 1.21? Two opinions”
Pound Fails to Bounce After Post-Election Sell-Off
The Great Britain pound attempted to rally today, following Friday’s huge losses, but was unable to do so and is moving further down as of now. The attempt of UK Prime Minister Theresa May to consolidate power with the help of the snap election backfired spectacularly, resulting in a hung parliament and huge losses to the sterling. She faced calls to step down, even from her own party. While her position looks secure … “Pound Fails to Bounce After Post-Election Sell-Off”
Part 2-Bitcoin Myths busted
Following on from last week, we continue to bust some of the most prolific myths surrounding the emerging development of cryptocurrencies. Myth #5: Cryptocurrency is only a currency Actually, cryptocurrency at its most basic level is a form of technology that allows applications to be developed, while it does have some characteristics of a currency, … “Part 2-Bitcoin Myths busted”
Part 2-Bitcoin Myths busted
Following on from last week, we continue to bust some of the most prolific myths surrounding the emerging development of cryptocurrencies. Myth #5: Cryptocurrency is only a currency Actually, cryptocurrency at its most basic level is a form of technology that allows applications to be developed, while it does have some characteristics of a currency, … “Part 2-Bitcoin Myths busted”