The failure of Trump-care was the latest blow to the US dollar. The post-elections rally is unwinding. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: USD: Ugly Break Of DXY; What’s Next? SocGen Societe Generale FX Strategy Research notes that the break of 99 in DXY is ‘ugly’ pointing to a break of 110 … “With the ugly DXY break, is the Trump trade over?”
Author: admin_mm
Yen Climbs Following Trump’s Failure to Dismantle Obamacare
The Japanese yen gained today, rallying to the highest level since November against the US dollar, after US President Donald Trump failed to push his health care bill. Meanwhile, the Bank of Japan released the Summary of Opinions for the March policy meeting. Trump’s failure to dismantle the Obamacare put markets into a risk-averse mode as investors were concerned that it was a sign that the President will also have troubles implementing … “Yen Climbs Following Trump’s Failure to Dismantle Obamacare”
USD/JPY: Trading the US CB Consumer Confidence
US CB Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. Its release often has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on … “USD/JPY: Trading the US CB Consumer Confidence”
US Dollar Weak as Trump Fails to Repeal Obamacare
The US dollar was broadly weak during Monday’s trading session after US President Donald Trump suffered a major defeat on Friday, failing to dismantle the Obamacare. The greenback was trading near the lowest level since November against such currencies like the euro and the Swiss franc. House Speaker Paul Ryan pulled the bill to repeal the Patient Protection and Affordable Care Act before voting could even start, meaning that … “US Dollar Weak as Trump Fails to Repeal Obamacare”
EUR/USD at the 2017 highs – where next? 4 opinions
EUR/USD is extending its gains on a variety of factors, from USD weakness on the Fed’s dovish hike and Trump’s failure to the optimism about Europe. What’s next? Here are four opinions: Here is their view, courtesy of eFXnews: EUR/USD: Factoring In Current Account: Where To Target? – CIBC CIBC World Markets Research still holds … “EUR/USD at the 2017 highs – where next? 4 opinions”
US Dollar Gives up Early Gains on Disappointing Data, Healthcare Vote Withdrawn
The US dollar declined against most of its main counterparts on Friday, even after the greenback rose earlier in the session to its strongest level in 3 days. The decline followed the withdrawal of the highly anticipated Republican healthcare bill from the House of Representatives before a vote that would have decided its future. After two days of debating the American Health Care Act in the House of Representatives, House Speaker Paul Ryan announced that President … “US Dollar Gives up Early Gains on Disappointing Data, Healthcare Vote Withdrawn”
EUR/USD Rallies Higher on Positive Eurozone PMI Data and Weak Greenback
The EUR/USD currency pair today rallied higher to hit a 2-day high during the North American session boosted by positive GDP and Markit PMI data from the Eurozone. The currency pair was also affected by the uncertainty surrounding the passing of Donald Trump‘s healthcare bill by the House, which weakened the greenback. The currency pair gained over 50 points at the height of its rally to hit a 2-day high of 1.0814, which could lead to the pair closing … “EUR/USD Rallies Higher on Positive Eurozone PMI Data and Weak Greenback”
Japanese Yen Soft Against Euro & Swiss Franc
The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from the Bank of Japan chief. The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index slid from 53.3 in February to 52.6 in March instead of rising a little to 53.5 as analysts had predicted. BoJ Governor Haruhiko Kuroda spoke at the Reuters Newsmaker … “Japanese Yen Soft Against Euro & Swiss Franc”
New Zealand Dollar Falls for Fourth Day Against Yen
The New Zealand dollar fell today, dropping for the fourth consecutive day against the Japanese yen, following the release of the trade balance report that failed to meet market expectations. The trade balance released overnight showed a deficit of NZ$18 million in February. While it was a better reading than the January’s shortage of NZ$257 million, the actual data missed the consensus forecast of a NZ$160 million surplus. The Reserve Bank of New Zealand kept its … “New Zealand Dollar Falls for Fourth Day Against Yen”
AUD/USD: ‘Wait A Minute, Not So Fast’; Where To Target?
The Australian dollar seems to move according to the ebb and flow of the US dollar more than anything else. The team at Danske refocuses on the RBA and sets targets. Will the pair break below support? Here is their view, courtesy of eFXnews: Danske Bank Research notes that AUD/USD has reversed the move after … “AUD/USD: ‘Wait A Minute, Not So Fast’; Where To Target?”