While the world tries to somehow take a breath from the biggest crisis it has faced since 2008, Kenya is swatting more and more disasters that just don’t seem to be ending. Authorities are currently dealing with massive floods, displacing thousands of their residents, and causing horrible food insecurity. This is just on top of … “Kenya’s collection of crises spell trouble for its currency”
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Canadian Dollar Weakens Against US Peer on Flight to Safety Mood
The Canadian dollar today lost ground against its southern neighbour amid driven by the flight to safety mood that dominated the financial markets today. The USD/CAD currency pair rallied today as investors were spooked by the rising coronavirus cases globally, which pose a direct threat to the ongoing global economic recovery. The USD/CAD currency pair today rallied from an Asian session low of 1.3501 to a high of 1.3581 in the American market and was near … “Canadian Dollar Weakens Against US Peer on Flight to Safety Mood”
China is rooting for Trump, five reasons and market implications
President Donald Trump has been clashing with China throughout his presidency. Beijing would prefer the maneuverable incumbent over his rival. Several Asian currencies may fall if Trump wins and China has a free hand. “Kong flu” is President Donald Trump’s racist phrase to put accuse China of coronavirus. The president that vowed “only I can … “China is rooting for Trump, five reasons and market implications”
BOE Quick Analysis: Three reasons to sell sterling as Bailey seems burned out
The BOE increased QE by £100, the lower bound of expectations. Running through the program by year-end suggests slower support from Governor Bailey. Chief Economist Andy Haldane’s dissent also suggests bailout fatigue. Is that all folks? The pound has recovered its pre-Bank of England losses but seems reluctant to bounce. It may now be headed … “BOE Quick Analysis: Three reasons to sell sterling as Bailey seems burned out”
Pound Spikes Higher as UK GDP Beats Estimates Despite COVID-19
The Sterling pound today spiked higher against the US dollar after the release of multiple positive UK fundamental reports including positive GDP data earlier today. The GBP/USD currency pair rallied higher as investors reacted to the positive reports, which indicated that the British economy fared surprisingly better than expected during Q1 2020. The GBP/USD currency pair today spiked from an opening low of 1.2251 to a high of 1.2301 after … “Pound Spikes Higher as UK GDP Beats Estimates Despite COVID-19”
Australian Dollar Rallies on CPI, Trims Gains Later
The Australian dollar rallied today on a positive inflation report but has trimmed its gains by now, erasing them outright against some rivals. The New Zealand dollar managed to rise against its Australian counterpart but has erased its gains by now as well. The Australian Bureau of Statistics reported that the Consumer Price Index rose in the March quarter from the previous three months. That was a slowdown from the previous … “Australian Dollar Rallies on CPI, Trims Gains Later”
Japanese Yen Mixed As BoJ Warns of Risks to Financial Stability
The Japanese yen is trading mixed against its most-traded currency rivals as the central bank is sounding the alarm on risks to financial stability in the wake of the coronavirus. This comes as the federal government has unleashed a massive stimulus package that extends a lifeline to consumers and the private sector, which is expected to weigh on Tokyoâs budget. With the country under a state of emergency and policymakers trying everything to stave off a recession, what else could … “Japanese Yen Mixed As BoJ Warns of Risks to Financial Stability”
Euro Surges After Fed Announces New $2.3 Billion Stimulus Package
The euro today rallied higher against the US dollar after the US Federal Reserve announced a $2.3 trillion stimulus package to aid small businesses. The EUR/USD currency pair hit a new weekly high boosted by the risk-on market mood as global equities rallied higher. The EUR/USD currency pair today rallied from a low of 1.0841 in the late Asian session to a high of 1.0951 in the American session and was trading near these highs at the time … “Euro Surges After Fed Announces New $2.3 Billion Stimulus Package”
Interview with Magrietha Stanford on Brokers and The Future of Varalen Trading Corp.
Interview with Magrietha Stanford on Brokers and The Future of Varalen Trading Corp. Magrietha Stanford, Managing Director of Varalen Trading Corp, spoke with our editor about the current situation in the field of software development and what sentiments are prevailing on the Forex market, including her view on its development prospects. Do you think that … “Interview with Magrietha Stanford on Brokers and The Future of Varalen Trading Corp.”
US Dollar Mixed After Fed Cut, Escalation of Tensions Between US & China
It was expected that the monetary policy decision of the Federal Reserve would be the major event this week. While the Fed had indeed a big impact on markets, ultimately it was overshadowed by new developments in the US-China trade conflict. The resulting risk aversion allowed the US dollar to rise against riskier commodity currencies but drove the greenback down versus safer currencies. The Fed cut interest rates by 25 basis … “US Dollar Mixed After Fed Cut, Escalation of Tensions Between US & China”