The GBP/USD today maintained the gains made after the release of UK Consumer Price Index data for February released by the Office for National Statistics, which beat expectations. The currency pair was largely unaffected by the better-than-expected US currenct account deficit. The currency pair gained over 100 points after the UK CPI data was released and the British pound rallied against its main peers. The Currency pair’s rally was largely due to the UK … “GBP/USD Consolidates Gains Made After Release of UK CPI Data”
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Is the EUR/USD rally nearing its end? Two views
EUR/USD enjoyed Macron’s performance as well as the dollar’s underperformance to stage a rally. Can it be close to the end? Here are two opinions: Here is their view, courtesy of eFXnews: EUR: Cyclical Disadvantage To Cap Further EUR/USD Gains – Barclays The EUR appreciated last week following a less-hawkish Fed and some relief over … “Is the EUR/USD rally nearing its end? Two views”
Canadian Dollar Falls Against US Peer as Oil Prices Fall
The Canadian dollar retreated against its US counterpart on Monday, following a decline in the prices of crude oil as investors became concerned about growing global supply. The loonie moved further south after a meeting between finance ministers of member countries in the Group of Twenty ended with a decision to drop a pledge to support free trade. The Group of Twenty released a statement that said the group will work on strengthening the contribution of trade to the economies of its … “Canadian Dollar Falls Against US Peer as Oil Prices Fall”
US Dollar Demonstrates Mild Recovery During the American Session
The US dollar today demonstrated a mild recovery against its main peers during the early North American session boosted by the stronger US Dollar Index. The US Dollar today demonstrated a recovery trend against the euro and the Japanese yen initiating a brief pause in the selling pressure that has plagued the currency since last week. The US dollar’s mild recovery was tracked by the US Dollar Index, which was trading at 100.38 at the time … “US Dollar Demonstrates Mild Recovery During the American Session”
GBP/USD: Trading the British CPI
British CPI, released each month, is the primary gauge of consumer inflation and is keenly anticipated by the markets. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Tuesday at 9:30 GMT. Indicator Background Analysts consider CPI one of … “GBP/USD: Trading the British CPI”
March 29th 2019 – the UK is out of the
The British government confirmed that it would trigger Article 50 on March 29th, 2017. This starts the 2-year clock ticking backward toward the exit. According to the famous clause of the Lisbon treaty, an extension to this period can only be made if all the remaining 27 members agree. Prime Minister Theresa May had already … “March 29th 2019 – the UK is out of the”
Great Britain Pound’s Future Hangs on Inflation Data
The Great Britain pound rallied last week, not least due to Bank of Englandâs policy statement that was less dovish than market participants had anticipated. But will the currency be able to maintain gains amid Brexit uncertainty and fears? The BoE took a very dovish stance after the Brexit referendum, boosting monetary stimulus and preparing to make its policy even more accommodative to support Britainâs economy that … “Great Britain Pound’s Future Hangs on Inflation Data”
USD/CAD: Can CAD recover from the Crude Crash?
After a long period of stability, oil prices collapsed and the Canadian dollar followed suit. We explain what happened to oil but stress that this is not the only factor moving the loonie. We discuss what’s next for the Canadian dollar looking forward. This is our currency of the week: Get the 5 most predictable … “USD/CAD: Can CAD recover from the Crude Crash?”
US Dollar Trades near Lowest Level in More Than a Month
An index that tracks the strength of the US dollar traded on Friday near its lowest level since February 6, even as the greenback recovered some of its losses against the euro and the Canadian dollar today. Investors paid little attention to mixed data in the United States today, as anticipation built up for a meeting between the finance ministers of the Group of Twenty. The meeting, which started today, is closely watched by the market in search for hints of the positions … “US Dollar Trades near Lowest Level in More Than a Month”
USD/JPY Declines After Release of US Consumer Confidence data
The USD/JPY currency pair today declined significantly after the release of the University of Michigan preliminary consumer confidence index, which indicated that the headline index had beat expectations. Despite the strong data from the US, the US dollar continued to perform poorly against the Japanese yen for the better part of the day. The US Dollar demonstrated mixed results against most of its main peers such as the British pound and the euro, yet it was … “USD/JPY Declines After Release of US Consumer Confidence data”