The Australian dollar dropped today, falling for the third straight day against its US counterpart. The reason for the decline was the inflation report that missed expectations, even though the disparity was minimal. The Australian Consumer Price Index rose 0.5% in the March quarter from the previous three months, the same as in the December quarter. Markets had expected a bit faster growth by 0.6%. While markets considered the data to be dovish, analysts do … “AUD/USD Drops for Third Day as Australian CPI Misses Expectations”
Author: admin_mm
EUR: Dip buying is the way to go – two opinions
The euro is on a roll following the French elections and hopes for a more upbeat ECB tomorrow. What does this mean? Here are two banks suggesting buying dips in EUR/USD and EUR/JPY: Here is their view, courtesy of eFXnews: EUR: Investors Shifting To A Buy-The-Dip Strategy: Levels & Targets – ING ING FX Strategy Research … “EUR: Dip buying is the way to go – two opinions”
Canadian Dollar Declines as US Imposes New Duties on Canadian Lumber Imports
The Canadian dollar weakened against the US dollar and a number of other major peers on Tuesday after the United States decided to impose higher duties on lumber coming from Canada. Traders preferred to stay off the market ahead of a highly anticipated report on Canadian retail sales in February that is due to be released tomorrow. The US Department of Commerce had an investigation of Canadian softwood lumber imports, which concluded that these imports … “Canadian Dollar Declines as US Imposes New Duties on Canadian Lumber Imports”
US Dollar Drops to New Lows Despite Positive US Data
The US dollar declined to new lows today after the release of a raft of economic reports from the US economic docket. Today’s economic releases include the consumer confidence index, the house price index, the new homes sales report and the S&P/Case-Shiller US home price index. The US dollar was weaker for most of today’s session as tracked by the US Dollar index, which was trading 99.05 for the better part of the day. The US consumer confidence … “US Dollar Drops to New Lows Despite Positive US Data”
Seismic Shift In Fundamentals Points to Higher EURUSD
USD Perspective Into the close of last year price action was functioning on the dynamic of expectations of euro zone political turmoil weighing on EUR and “Trump-flation” supporting USD. Fast forward four months and we have seen a stark break down in this dynamic and a reversal in direction for EURUSD. Donald Trump’s election was … “Seismic Shift In Fundamentals Points to Higher EURUSD”
AUD/USD: Trading the Australian CPI
Australian CPI (Consumer Price Index), which is released each quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 1:30 GMT. … “AUD/USD: Trading the Australian CPI”
Canadian Dollar Erases Early Gains as Lower Oil Prices Outweigh Wholesale Data
The Canadian dollar gave up all of the gains it had achieved against its main counterparts earlier on Monday, following a drop in oil prices that weighed on the loonie. Canadian economic data was supportive of the currency today as wholesale sales were better than expected in February, but the positive data was overshadowed by concerns about a global crude oil supply glut. Oil prices shed about 1% today to drag … “Canadian Dollar Erases Early Gains as Lower Oil Prices Outweigh Wholesale Data”
EUR/USD: what’s next after the French elections? Two opinions
Macron topped the first round of the French elections and the euro rallied. We described the levels to watch out for. Here are two opinions Here is their view, courtesy of eFXnews: EUR/USD: ‘The Trend Has Turned’ – SocGen Societe Generale FX Strategy Research discusses the EUR outlook after the market-friendly outcome for the first round of … “EUR/USD: what’s next after the French elections? Two opinions”
Yen Soft as Fears Abate After French Elections
The Japanese yen was soft today after the outcome of the French Presidential elections eased fears on markets. While the currency traded above the Monday’s opening, it was still far below the Friday’s close. Uncertainty about the outcome of the French elections has been one of the reasons for risk aversion on markets. A nightmare scenario would be two euro-skeptic candidates going to the second round of elections. With that outcome averted, investors became … “Yen Soft as Fears Abate After French Elections”
EUR/USD Retreats from 5-Month High After French Election
The euro retreated from the opening levels today, but that was after opening sharply higher following the French Presidential election over the weekend. In fact, EUR/USD opened at the highest level since November. With almost all votes counted by now, centrist candidate Emmanuel Macron and far-right Marine Le Pen will go to the second round of elections. According to the opinion polls, Macron should have a healthy lead over Le … “EUR/USD Retreats from 5-Month High After French Election”