Emmanuel Macron leads the first round according to the OpinionWay poll with 23%, above Le Pen’s 22% and with Fillon moving down with 20%. Melechon closes the list with 19%. In the run-off, Macron is stable with 64% against Le Pen’s 36%. Fillon loses ground: 58% against 42%, a two-point shift towards Le Pen. All in all, … “French elections – Latest poll more favorable for Macron”
Author: admin_mm
EUR/USD Rallies Higher on Soft US Housing and Manufacturing Data
The EUR/USD currency pair rallied higher today given the weaker US dollar as tracked by the US Dollar Index and the stronger euro. The currency pair rallied higher as the US NAHB housing market index and the Empire State manufacturing survey both registered disappointing figures. The currency pair gained over 50 points at the height of its rally and climbed steadily throughout the European and the early American session. The weaker US dollar was the main trigger … “EUR/USD Rallies Higher on Soft US Housing and Manufacturing Data”
‘The Great Le Pen Scare’: How Could EUR, GBP React
The French elections are getting closer and every opinion poll moves the euro, with markets scared of Marine Le Pen. What does this mean for the euro and the pound? Here is their view, courtesy of eFXnews: Although data from the euro area this week painted an upbeat picture, with strong manufacturing PMIs and German ifo … “‘The Great Le Pen Scare’: How Could EUR, GBP React”
AUD/USD: Trading the Chinese GDP
Chinese Gross Domestic Product (GDP) is a measurement of the production and growth of the economy, and analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published … “AUD/USD: Trading the Chinese GDP”
Yen Thrives During Week of Risk Aversion
The Japanese yen was among the strongest currencies during the past trading week as rising risk aversion encouraged traders to stick to safer assets and to avoid riskier ones. The main theme during the week was North Korea as tensions between the country and the United States (and their allies) were escalating. The souring relationships between the USA and Russia did not help the investors’ mood either. The yen tends to benefit from fear and uncertainty, and that … “Yen Thrives During Week of Risk Aversion”
Euro Gains Slightly Against the US Dollar on Weak US CPI Data
The Euro today gained slightly against the US dollar after the release of weak US consumer price index report for the month of March. The Euro was stronger than the greenback during today’s session despite the subdued trading activity as most markets were closed due to the Easter holiday season. The EUR/USD currency pair gained at least 0.12% from its opening price at the height of its rise, but had retraced some of its … “Euro Gains Slightly Against the US Dollar on Weak US CPI Data”
US Dollar Edges Lower amid Thin Trading and Disappointing Retail Sales
The US dollar weakened against most of its major peers on Friday, as investors felt disappointed following the release of two economic reports that were expected to reveal stronger data. Trading was thin today as markets in the United States, Canada, the United Kingdom and Australia closed for the Good Friday holiday. The US Bureau of Labor Statistics released a new reading for its consumer price index at 12:30 GMT. The index had a 0.3% decline … “US Dollar Edges Lower amid Thin Trading and Disappointing Retail Sales”
South Korean Goes Down as Geopolitical Tensions Continue to Mount
The South Korean won dropped today, joining many other Asian currency in a decline, as mounting geopolitical tensions continued to spoil the investors’ mood. Rumors circulate that North Korea may be preparing yet another nuclear test, and that does not bode well for other Asian countries, its southern counterpart in particular. Yesterday, the United States dropped a bomb in Afghanistan, the biggest non-nuclear one they have ever used. … “South Korean Goes Down as Geopolitical Tensions Continue to Mount”
Britain’s Pound Steady During Holiday Trading
The Great Britain pound was little changed during the slow holiday trading after falling against the dollar and rising versus the euro yesterday. This week’s macroeconomic data was relatively helpful to the currency, with consumer price inflation being stable above the central bank’s target and wage inflation also being steady. The fact that markets focused on other regions of the world and troubles their also helped the sterling, diverting the traders’ … “Britain’s Pound Steady During Holiday Trading”
US Dollar Partly Recovers After Plummeting on Negative Comments from Trump
The US dollar rose against the euro and the British pound on Thursday, to erase some of the losses it had yesterday following remarks by President Donald Trump that the greenback is too strong. Trump had added that he believes the Federal Reserve should keep interest rates low, with the aim of avoiding further gains in the US dollar. The presidentâs remarks, which he made during an interview with The Wall Street Journal, … “US Dollar Partly Recovers After Plummeting on Negative Comments from Trump”