The Sterling pound today crashed against the US dollar amid fears that Boris Johnson‘s government was pushing for a hard Brexit despite his parliamentary majority. The GBP/USD currency pair today fell to its pre-election lows as investors sold the pair following the release of a mixed UK jobs report ahead of Friday’s Brexit bill tabling. … “Pound Crashes as Johnsonâs Government Pushes for Hard Brexit”
Category: Forex news
Australian Dollar Sinks After RBA Minutes Hint at Interest Rate Cut
The Australian dollar fell against all other of its most-traded rivals, including commodity currencies, after the minutes from the Reserve Bank of Australia made market participants believe that the central bank will cut interest rates in the near future. The RBA released minutes of its December 3 monetary policy meeting today. While Australian policymakers left interest rates unchanged at the meeting, the minutes were dovish enough for analysts to speculate … “Australian Dollar Sinks After RBA Minutes Hint at Interest Rate Cut”
AUD/JPY Reached 76.02. Where to from Here?
The Australian dollar versus the Japanese yen currency pair retraced sharply from the 76.00 psychological area. Is this a bearish sign or is it only that the bulls are booking the profits? Long-term perspective From the support of 71.09, the market is in an ascending movement that extended — for now — until the 76.02 level. The appreciation came after a relatively long period of stagnation, as the price oscillated around the 73.93 level from the end of November … “AUD/JPY Reached 76.02. Where to from Here?”
Chinese Yuan Rallies As Industrial Output, Retail Sales Beat Forecasts
The Chinese yuan is rallying against multiple currencies to kick off the trading week, buoyed by industrial production and retail sales beating market expectations. With the first phase of a comprehensive US-China trade agreement established, global financial markets have been extended some certainty, which is good news for the worldâs second-largest economy and its currency. According to the National Bureau of Statistics, industrial output surged 6.2% year-on-year in November, up … “Chinese Yuan Rallies As Industrial Output, Retail Sales Beat Forecasts”
Pound Rallies Then Falls on Weak PMIs and Profit Taking
The pound today rallied briefly against the US dollar before falling to its daily lows as traders continued to take profits from the post-election rally. The GBP/USD currency pair was also affected by the weak PMI data released by Markit Economics in the London session and Brexit optimism. The GBP/USD currency pair today rallied to a high of 1.3422 before falling to a low of … “Pound Rallies Then Falls on Weak PMIs and Profit Taking”
Euro-zone PMIs may be lose-lose for EUR/USD – Three scenarios
Flash euro-zone PMIs are set to show an improvement in November. High expectations may lead to a downfall for EUR/USD. Only a substantial surprise has room to lift the common currency. ECB’s Lagarde’s speech may steal the show. Improvements are all fronts – that is what economists expect from Markit’s flash Purchasing Managers’ Indexes for November. … “Euro-zone PMIs may be lose-lose for EUR/USD – Three scenarios”
EURJPY In For Further Uspide Within an Elliott Wave Leading Diagonal – Elliott Wave analysis
It seems that a probable Elliott wave leading diagonal can be in progress from the lows on EURJPY with a price ending a fourth wave correction, so be aware of one more leg higher, before a temporary A-B-C correction starts developing. EURJPY, daily On the 4h chart of EURJPY, the pair made a strong turn … “EURJPY In For Further Uspide Within an Elliott Wave Leading Diagonal – Elliott Wave analysis”
Scandinavian Capital Markets Launches cTrader for Retail and Institutional Traders
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USD/JPY may extend its falls as global worries persist
USD/JPY has been mixed amid trade and central bank headlines. The Federal Reserve’s minutes stand out. Mid-November’s daily chart continues painting a bullish picture. The FX Poll is showing further falls for the currency pair in the medium and long terms. President Donald Trump’s bashing of China has boosted the safe-haven yen, while the Federal Reserve refrained … “USD/JPY may extend its falls as global worries persist”
GBP/USD: Is Boris-related bump justified? Every poll matters
GBP/USD has been rising alongside the Conservatives’ reelection chances. Opinion polls, trade headlines, and further Fed news are set to determine the next cable moves. Mid-November’s daily chart is pointing to falling momentum for the pound. Conservatives are consolidating their lead – that pound-positive development has overshadowed all other events, including poor UK figures. The run-up … “GBP/USD: Is Boris-related bump justified? Every poll matters”