The U.S. dollar moved higher against a currency basket on Monday amid indications that global trade tensions are easing but gains were held in check by expectations for lower U.S. interest rates. Against a basket of six peers, the U.S. dollar index rose 0.3% to 96.871 by 04:17 AM ET (08:17 GMT), recovering slightly after ending with … Continue reading The U.S. dollar moved higher against a currency basket on Monday
- The U.S. economy created fewer jobs than expected in May and wage inflation unexpectedly eased, adding to speculation that the Federal Reserve will cut official interest rates for the first time in a decade. Nonfarm payrolls (NFP) rose by 75,000 in May, below consensus expectations for 185,000, according to official government data released on Friday. … Continue reading NFP disapoints Dollar bulls
Jobs report on watch for impact on rates The U.S. Labor Department will publish its monthly employment report for May at 8:30 AM ET (12:30 GMT) Friday. Analysts forecast that the U.S. economy created about 185,000 jobs in May, while the unemployment rate is expected to remain steady at 3.6%. Investors will keep a close eye on the data … Continue reading This Friday’s Market movers
U.S. futures rose on Tuesday on hopes that the scale of the recent sell-off could persuade the Federal Reserve to loosen monetary policy. Dow futures rose 101 points or 0.4% by 6:52 AM ET (10:52 GMT), while tech-heavy Nasdaq 100 futures recovered 31 points or 0.5% and S&P 500 futures was up 11 points or 0.4%. St. Louis Federal Reserve … Continue reading US. futures rose on Tuesday on hopes that the scale of the recent sell-off could persuade the Federal Reserve to loosen monetary policy
The U.S. dollar was trading near one-week lows against a currency basket on Monday, with the yen and the Swiss franc, seen as safe havens in time of uncertainty, gaining ground as global trade tensions escalated. With the U.S. administration's combative stance on trade widening to countries beyond China, and with China threatening more countermeasures … Continue reading Dollar Near 1-Week Lows as Trade Tensions Escalate
GBP/CAD Exchange Rate Falls as BoC states ‘Accumulating Evidence’ of Temporary Economic Slump The Pound Canadian Dollar (GPB/CAD) exchange rate sank today and is currently trading around $1.7046 on the interbank market. The Canadian Dollar (CAD) edged higher against the Pound (GBP) following yesterday’s Bank of Canada (BoC) interest rate decision, which held steady at … Continue reading GBP/CAD Exchange Rate Falls as BoC states ‘Accumulating Evidence’ of Temporary Economic Slump
With a quiet economic calendar, headlines surrounding Brexit and the ‘hunt for Britian’s next PM’ remain potential drivers for the British pound this week. The European elections didn’t make for the most exciting FX open we’ve seen of late, although equities across the region breathed a slight sigh of relief that populism hadn’t taken over. If there … Continue reading POUND RISKS
Market focusHolidays in the U.S. and the U.K. set up a sluggish course of trading on world markets, which allows key indices to carefully roll back from the lows reached last week. The trade conflict between China and the United States is increasingly perceived by the markets as the protracted cold war of the two … Continue reading Markets Roll Back After Last Week’s Decline, EUR/USD Tests Important Resistance
The dollar was higher across the board in early trade in Europe Wednesday, as the reportedly imminent exit of British Prime Minister Theresa May over the Brexit shambles depressed the pound and made for an awkward backdrop to European parliament elections that start today. At 03:00 AM ET (0700 GMT), the GBP/USD pair was at $1.2605, a … Continue reading The dollar was higher across the board in early trade in Europe Wednesday
The dollar has ground higher, approaching the two-year high that it hit in April, amid fears that the trade war may evolve into a currency war. The dollar index, which measures the greenback against a basket of currencies, hit 97.968 overnight before retracing to 97.917. https://youtu.be/B5u4RwnLwPM Overnight, the dollar was stable against the Chinese yuan, but it … Continue reading Dollar Marches Higher
The euro bulls repelled the bears' attack yesterday though the bears are again making headway. Will they be able to break through today? The Philadelphia Fed Manufacturing Index surprised on the upside, lending support to the U.S. currency. Our short euro position became more profitable in return. How does our other open position do? Just great. We have … Continue reading Top 3 Currency Pairs Teeming With Profits
The Organization of the Petroleum Exporting Countries (OPEC) is expected to make a strong case to continue with production cuts in its monthly report due on Tuesday as dominant member Saudi Arabia shows it isn’t in any mood to give up the high prices it has worked hard to acquire since the winter. The International … Continue reading OPEC Oil Report Could Prompt More Cuts; Gold To Swing
Every investor can tell you about how the S&P 500 made a new all-time high and then pulled back 2 weeks ago. Or how Crude Oil has held steadfast over $60 a barrel throughout the trade fireworks. Or that U.S. Treasuries are being gobbled up. But did you know that the U.S. dollar is showing signs of a run to the … Continue reading Dollar near two year highs
https://youtu.be/B5u4RwnLwPM Every one wants to know how low the euro, Australian dollar and sterling can go. All three of these currencies fell sharply last week and a few even hit multi-month lows in the process. Demand for the greenback was strong as the dollar held steady or traded higher against all of the major currencies. Although stocks rebounded over the past week, it … Continue reading Can EUR,GBP,AUD go lower than they have?
