The euro became weaker against the US dollar and the British pound on Wednesday, following a report that raised expectations of a more dovish stance from the European Central Bank. In a statement that followed the European Central Bankâs latest policy meeting that was concluded on March 9, the central bank appeared to signal a hawkish position from its monetary policy. ECB President Mario Draghi chose a less dovish tone in a press conference … “Euro Retreats as Outlook for ECB Monetary Policy Becomes More Dovish”
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US Dollar Rallies Following the Release of Positive Pending Home Sales Data
The US dollar today rallied against its main peers following the release of positive pending home sales data, which beat expectations. The US dollar rallied higher despite the poor performance of the bond market as US bond yields and the Dow Jones Industrial Average fell to record lows during today’s session. The greenback’s rally was reflected in the US Dollar Index, which opened the day’s session at 99.70 and was trading at 100.08 at the time … “US Dollar Rallies Following the Release of Positive Pending Home Sales Data”
EUR/USD: Trading the US Final GDP
US Final GDP is a key release and is published each quarter. GDP reports measure production and growth of the economy, and are considered by analysts as one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for … “EUR/USD: Trading the US Final GDP”
Rand Falls as Markets Expect Gordhan to Leave Office
The South African Rand dropped today amid speculations that Finance Minister Pravin Gordhan will leave his office. There are speculations that President Jacob Zuma is going to fire Gordhan. It was not a secret that the President and the Finance Minister were in conflict. Markets liked Gordhan, considering him an emblem of stability, therefore prospects for the minister leaving his post made investors nervous. USD/ZAR rose … “Rand Falls as Markets Expect Gordhan to Leave Office”
![Trading Article 50: 3 scenarios and endless uncertainty [Video]](https://investinearth.org/wp-content/uploads/2017/03/brexit-351x185.png)
Trading Article 50: 3 scenarios and endless uncertainty [Video]
Nine months after the EU referendum, the UK is officially leaving the EU. The move was well-telegraphed but could still cause jitters as the clock begins ticking down and negotiations begin. We lay out the three scenarios for this new phase of GBP trading. The pound could be sensitive to the upside on a short … “Trading Article 50: 3 scenarios and endless uncertainty [Video]”
Sterling Soft as Markets Prepare for Brexit
Markets wait for formal initiation of the Brexit process on Wednesday. The Great Britain pound fell during the current trading session due to uncertainty associated with the Brexit, but has trimmed its losses as of now. Britain’s Prime Minister Theresa May has signed a letter that officially triggers Article 50, initiating the process of the United Kingdom’s exit from the European Union. The paperwork will be delivered to European Council President Donald … “Sterling Soft as Markets Prepare for Brexit”
US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data
The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday. A new reading for the consumer confidence index from the Conference Board showed that the index rose to 125.6 in the current month, from 116.1 in February. The reading was far above … “US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data”
GBP/USD Declines After Release of Positive US Economic Data
The GBP/USD currency pair declined significantly today after the release of positive advance goods trade balance and consumer confidence data from the US docket. The currency pair was also affected by the weaker British pound as markets cautiously await the triggering of Article 50 by British PM, Theresa May. The currency pair lost almost 100 points at the peak of its decline today as the greenback rallied higher and investors sold the British pound. The greenback’s rally … “GBP/USD Declines After Release of Positive US Economic Data”
Canadian Dollar Climbs Against US Counterpart amid Uncertainty Surrounding Trump Plans
The Canadian dollar edged higher against its US counterpart on Monday, as investors became uncertain about the future of Donald Trumpâs economic agenda. A healthcare bill that aimed to dismantle and replace Obamacare failed to pass in Congress on Friday, which raised concerns that the economic plans of the president might face a great deal of resistance. Investors had awaited details on Trumpâs promised fiscal stimulus and corporate tax cuts for months, but the presidentâs … “Canadian Dollar Climbs Against US Counterpart amid Uncertainty Surrounding Trump Plans”
GBP/USD Rallies Ahead of Theresa May’s Triggering of Article 50
The GBP/USD currency pair rallied higher today as markets anticipate the triggering of Article 50 on Wednesday by the UK Prime Minister, Theresa May. The British pound rallied higher boosted by the positive economic data released recently in the UK, while markets ignored the uncertainty associated with the official Brexit process. The currency gained close to 100 pips at the height of its rally boosted by the stronger British pound and the weaker US dollar. The currency pair rallied boosted … “GBP/USD Rallies Ahead of Theresa May’s Triggering of Article 50”