The US dollar strengthened against the euro and fell against the British pound, the Canadian dollar, and the Japanese yen on Thursday. The greenback struggled for direction following a number of economic releases in the United States that revealed mixed data today, which raised uncertainty about the stability of the economic recovery. The first release came from the US Census Bureau at 12:30 GMT, and said that new orders for durable goods manufactured in the United States increased $1.6 … “US Dollar Remains Little Changed Against Main Peers on Mixed Economic Data”
Author: admin_mm
EUR: ECB Nudging Towards A Policy Shift In September –
Mario Draghi did some spectacular jiujitsu by starting the presser with an upbeat assessment but then cooling things down. Yet beyond the moves on EUR/USD, what can we expect from the ECB? Here is their view, courtesy of eFXnews: SEB Research comments on today’s ECB meeting noticing that the central bank maintained its steady hand and left all … “EUR: ECB Nudging Towards A Policy Shift In September –”
EUR/USD Dips Drastically as ECB Maintains Interest Rates and QE Program
The EUR/USD currency pair today declined significantly during Mario Draghi‘s speech as the European Central Bank maintained interest rates at the same level. The currency pair dipped as the US dollar strengthened against the single currency due to higher US bond yields. The currency pair lost about 80 points as Mario Draghi, the ECB President, delivered his speech and largely outlined a dovish outlook. The currency pair spiked to a new daily high … “EUR/USD Dips Drastically as ECB Maintains Interest Rates and QE Program”
EUR/USD: Trading the US Advance GDP
US Advance GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Advance GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here … “EUR/USD: Trading the US Advance GDP”
ECB Preview: seeing the glass half full? 3 scenarios
The European Central Bank is not expected to change its policy at the April 2017 meeting. Nevertheless, the ECB always moves markets and this event will not be different. The key is the tone in Mario Draghi’s press conference. And the main yet unspoken driver of optimism is the result in the first round of the … “ECB Preview: seeing the glass half full? 3 scenarios”
GBP: When Will The GBP Peak? Where To Target? – NAB
The pound is on the move higher after the elections announcement. After the initial move, it consolidated its gains. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that GBP has surged since the announcement of early UK elections. In that regard, NAB argues that while there are several reasons for … “GBP: When Will The GBP Peak? Where To Target? – NAB”
New Zealand Dollar weakens Against US Counterpart Following Trump Tweet on Dairy Industry
The New Zealand dollar dropped on Wednesday against its US peer to continue a steep decline that began on April 24. Todayâs declined followed remarks made by US President Donald Trump on Twitter regarding the US dairy industry yesterday. Trumpâs tweet said that Canada increased the difficulty that US dairy farmers in Wisconsin and other border states face when competing with the prices of milk and dairy products imported … “New Zealand Dollar weakens Against US Counterpart Following Trump Tweet on Dairy Industry”
AUD/USD at the lowest since January – levels to watch
Political pundits are commemorating Trump’s first 100 days in office. It has also been 100 days since AUD/USD traded at the current level of 0.7465. This popular currency pair is below the 0.7470 level that was seen earlier in April. It last dipped to these levels on January 17th, just before Trump’s inauguration. Why is … “AUD/USD at the lowest since January – levels to watch”
USD/CAD Trades Sideways After Disappointing Canadian Retail Sales Data
The USD/CAD currency pair briefly rallied higher after the release of disappointing Canadian retail sales data for the month of February, but later declined. The currency pair performed much better today even as the retail sales data weakened the Canadian dollar, which came under intense selling pressure briefly after the release. The currency pair was trading in a choppy manner today as it declined before the release then rallied briefly, but … “USD/CAD Trades Sideways After Disappointing Canadian Retail Sales Data”
Yen on Back Foot as Investors Have Confidence to Risk
The Japanese yen was on a defensive during the Wednesday’s trading session as the market sentiment continued to favor riskier currencies over safer ones. Fears caused by the French Presidential election continued to recede as markets welcomed the outcome of the first round of voting. Traders will watch tomorrow’s policy statement of the Bank of Japan, which may show whether Japanese policy makers plan to end extremely accommodative monetary policy in the foreseeable future. Outside of Japan, … “Yen on Back Foot as Investors Have Confidence to Risk”