Forex News, Page 14

  • Forex Market

    Markets Open to a Quiet Trading Day

    The U.S. dollar was seen trading weaker on Friday despite a broadly positive jobs report. The U.S. economy was seen adding 213k jobs during the month of May with revisions to the previous two months of data showing a net gain of 37,000.The Greenback weakened after the unemployment rate ticked

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  • eur/usd

    Led by Strong Euro, Dollar Tumbles Against Basket of Major Currencies

    Concerns over a fourth rate hike in 2018 and safe-haven buying due to the escalation of the trade dispute between the United States and China, drove U.S. Treasury yields lower. This made the U.S. Dollar a less attractive investment against the Australian, New Zealand and Canadian Dollars. Additionally, the tightening

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  • Nonfarm Payrolls, Wage Growth and Tariffs Keep the USD in Focus

    It’s another busy day for the markets, with a heavy set of stats out of the U.S and trade tariff chatter there for the markets to focus on through the day, an escalation in trade war talk likely to overshadow any upbeat data.

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  • US Dollar

    It’s Dollar Day, with FOMC Minutes, Stats and Trump’s Tariffs in Focus

    While today’s stats and FOMC meeting minutes will be eyed by the markets, it could ultimately boil down to noise from the Oval Office. With China giving the U.S the first shot on Friday, Trump could rile the markets with any hints of going ahead with the fresh tariffs tomorrow.

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  • Interest Rate Risk

    Time is Running Out, as 6th July Tariffs Loom Large

    The markets were torn through the Asian session, with positive stats supporting the Aussie and Kiwi Dollar, while trade war jitters continued to hammer the equity markets. There could be more of the same through the European session.

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    Stocks Weaker in Asia, RBA Leaves Rates Unchanged, Libya Declares Force Majeure

    The general tone in the global equity markets was cautious as investors continued to monitor the developments over trade. China’s benchmark indexes extended their losses over worries Beijing’s trade relations with the United States are worsening. Concerns over trade relations continued to drive investors into the USD/JPY and U.S. Treasurys.

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  • EurDollar Notes

    Geo-politics Leaves the EUR in Focus, with the USD in Trump’s Hands

    The RBA held rates unchanged yet again, with concerns over trade being added to a laundry list of reasons for holding rates unchanged, the EUR and the USD in the spotlight through the day, as geo-politics reigns supreme.

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  • US Economy

    Rate Hike Expectations Support Dollar, but Fed Members Express Concerns Over Trade War Impact on Economic Growth

    The Greenback was primarily supported by the divergence in monetary policy between the hawkish U.S. Federal Reserve and other less-hawkish and dovish central banks. Federal Open Market Committee member Raphael Bostic said he may rule out a fourth rate hike this year if trade issues start to negatively affect the

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  • The EUR Jumps ahead of Inflation and German Unemployment Numbers

    The EU Summit provided much needed support for the EUR, though today’s stats will need to play a supporting role to the EU Summit that could still throw a few curve balls.

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  • U.S. Final Revised GDP for Q1 to Show No Revisions

    The RBNZ’s monetary policy meeting held in the overnight session showed that the central bank left the overnight cash rate unchanged at its meeting as widely expected.The New Zealand dollar was seen falling sharply on the RBNZ’s decision as a result.The day ahead is relatively quiet with the U.S. trading

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  • New Zealand Kiwi

    RBNZ Leaves Rates Unchanged, but Leans Toward More “Dovish” Stance

    The Reserve Bank of New Zealand decided to leave its benchmark interest rate unchanged at 1.75 percent. Stocks traded lower in Asia on Thursday amid concerns over the deteriorating trade relations between the United States and China. U.S. equity futures are trading higher during the pre-market futures session early Thursday

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  • EUR/USD daily chart, June 26, 2018

    RBNZ Turns Dovish, with the EU Summit and Inflation to Drive the EUR

    The RBNZ just turned more dovish and shower little sign of any plans of a rate hike over the near-term, with Japan retail sales also disappointing. Summits and the Oval Office will place the EUR and the USD under the spotlight.

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  • U.S. Dollar

    U.S. Dollar Posts Strong Gains Against Safe Haven Currencies as Trade Tensions Ease

    The Trump administration announced it would take a softer stance toward Chinese investment than previously reported.  New orders for key U.S.-made capital goods and shipments unexpectedly fell in May, but data for the prior month was revised higher. The Commerce Department also reported that the goods trade deficit declined 3.7

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  • GBP/USD daily chart, June 27, 2018

    BoE Governor Carney and the Pound in the Spotlight

    Carney takes the spotlight this morning with the BoE Financial Stability Report as the markets continue to focus on the global economic outlook and the ramifications of a trade war.

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    New Zealand Dollar Plunges after Business Confidence Survey Signals Slower Growth

    Asian stock markets are posting mixed results on Wednesday amid lingering concerns over deteriorating trade relations between the U.S. and China. Investors are also reacting to a strong surge in crude oil prices. Gold continues to be shunned by the hedge funds, who are aggressively moving money into the U.S.

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  • Currencies 1

    Fed’s Bostic Says Trade Tensions Have Raised Risks to U.S. Economy

    Consumer confidence fell well below economists’ expectations in June, fueled by a bleak outlook for U.S. economic conditions. The Confidence Board’s index dropped to 126.4 from a revised 128.8 in May. The index was expected to hit 128.1.

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  • Harley Davidson

    ‘Make America Great’. Harley and the USD Don’t Think So

    Another risk off session in Asia, as the markets continue to response to the beat of the trade war drum, with tech stocks under the hammer ahead of an announcement on a ban on Chinese investment into U.S tech companies.

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  • Stock Market Turmoil

    Lower Demand for Risk Drives Investors into Safe-Haven Treasurys, Japanese Yen

    The Dollar/Yen traded lower on Monday, putting it in a position to hit a two-week low, as worries about an escalating trade war between the United States and its major trade partners continued to weigh on appetite for risk.

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  • Risk Stop Sign

    Another Sell-off in the Equity Markets Drives Demand for the USD and JPY

    The markets are gripped by the trade war of words, the chances of a resolution ahead of 6th July looking slim. The Art of the Deal seems to be failing and that’s not going to be well received by the markets.

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  • Crude Oil

    Crude Oil Rally Drives Commodity-Linked Currencies Higher, Pressuring Greenback

    The Greenback rallied early last week against a basket of currencies as traders bet on an escalating trade war forcing inflation up in the U.S. because of costlier imports, raising the prospect of more interest rate hikes.

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