The Non-Farm Payrolls report for August 2018 was upbeat. The US Dollar took advantage of it, in a much needed straightforward reaction. The odds of a rate hike in December have risen. US wages rose 0.4% MoM in August, double the early expectations. The broader YoY measure shows an acceleration from 2.7% to 2.9%, also … “Dollar dominates as Americans get a fatter paycheck”
Category: Opinions
Brexit: 3 lessons for GBP/USD traders after the recent jump
The UK and Germany agreed to abandon some vital Brexit demands, easing the path for a deal. The move provides three lessons for GBP/USD traders moving forward. The UK and Germany agreed to focus on a smooth transition of the UK outside the European Union and leave decisions for a future relationship for the future. … “Brexit: 3 lessons for GBP/USD traders after the recent jump”
NFP hints are telling also for sentiment about trade wars
The ADP NFP and the ISM Non-Manufacturing PMI serve as last-minute hints towards the NFP. They also gauge business sentiment in sensitive times. Both are expected to improve, but trade concerns may have their say as well. Thursday, September 6th, is the deadline for public comments on new trade tariffs that the US wants to … “NFP hints are telling also for sentiment about trade wars”
5 reasons for a USD surge in September
Dark clouds are gathering over global markets. A mix of economic, political, and seasonal factors weigh. The perfect storm could be beneficial for the US Dollar at the expense of all the rest. While many traders were on holiday during the summer, markets were not at ease with quite a few issues emerging, so far … “5 reasons for a USD surge in September”
Passive Investing vs. Active Investing: Where Are the Investors Leaning?
There are generally two types of investors when it comes to the world of business. On one side, you have the passive investors who aim to build their wealth gradually. These investors buy securities for the long haul and do not seek to profit from market timing and short-term price fluctuations. On the other, you … “Passive Investing vs. Active Investing: Where Are the Investors Leaning?”
Bitcoin bulls have some reasons to be cheerful
The BTC/USD enjoyed a third consecutive week of quiet gains. The beginning of September should see more volatility. The technical picture looks more bullish after the 50-SMA breach The price of Bitcoin continued its quiet march to the upside, with the BTC/USD surpassing the round $7,000 level. The last week of August featured no extraordinary news to … “Bitcoin bulls have some reasons to be cheerful”
GBP: Still Caution N-Term But Bullish L-Term Against EUR & USD – Credit Agricole
The pound leaped on the openness of the EU to a special deal with the UK. What’s next? Here is their view, courtesy of eFXdata: Credit Agricole Research discusses GBP outlook in light of its yesterday’s sharp squeeze higher in response to comments yesterday from EU Chief Brexit negotiator Michel Barnier. “Nevertheless, the Brexit discussions in … “GBP: Still Caution N-Term But Bullish L-Term Against EUR & USD – Credit Agricole”
Time to sell the GBP/USD? 3 reasons to doubt the Barnier rally
The GBP/USD rallied hard on Barnier’s offer for a “special deal” for the UK post-Brexit. There are three reasons why the gains are unjustified. Chief European Union Negotiator Michel Barnier surprised markets on Wednesday. The usually tough official spoke in Berlin, and his tone was optimistic for a change. He said the EU is ready … “Time to sell the GBP/USD? 3 reasons to doubt the Barnier rally”
Will Trump Weaken the Dollar despite the Fed’s Rate Hike?
The dollar is continuing to ease after experiencing a robust rally during the first half of August. After trading sideways for most of the summer, the greenback surged against most major currencies rallying to 1.13 against the Euro but has since rebounded climbing back above the 1.16 handle. Treasury yields appear to have been part … “Will Trump Weaken the Dollar despite the Fed’s Rate Hike?”
3 scenarios for the upcoming $200 billion US tariffs on China
The US is set to impose massive tariffs on China in the first week of September. The move has significant consequences for the global economy and currencies. Here are three scenarios for the significant escalation and the potential forex reactions. The US imposed tariffs on $50 billion worth of Chinese imports so far. China has … “3 scenarios for the upcoming $200 billion US tariffs on China”