Forex News, Page 5
May and the GBP Survive for Now. Up Next, Brussels…
It’s a big day for Europe, with the ECB Press Conference to drive the EUR and Theresa May’s last ditch efforts in Brussels to influence the GBP.
Read MoreIt’s Tough Times for Theresa May and the Pound, with More Vol to Come
It’s all eyes on the Pound as talks of a vote of no confidence hit the wires ahead of a make or break emergency EU gathering tomorrow.
Read MoreBrexit and U.S – China Trade Talks Put the GBP and USD in the Spotlight
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
Read MoreIt’s a Back Foot Dollar as Sentiment towards FED Policy Shifts
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
Read MoreNFP and Wage Growth Distract the Markets and the USD?
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
Read MoreTrade Hits the Aussie, with Brexit and GBP Still in the Limelight
It’s a choppy start to the day and unlikely to get better, with a heavy set of stats out of the U.S, Brexit and Trade Chatter to drive the majors.
Read MoreNational Day of Mourning Puts the Spotlight Back on Brexit and the GBP
With the U.S markets closed focus shifts back to the Pound, which is under intense pressure as British PM struggles in the Commons.
Read MoreRBA Gives the Aussie a Boost, as Focus Shifts to Brexit Debates and the GBP
Better terms of trade gives the Aussie Dollar a boost, with focus shifting the UK’s parliament as 5 days of Brexit debate get underway ahead of the 11th’s vote.
Read MoreMarkets Respond to the Trade War Truce, the Greenback the Early Victim
The Aussie Dollar bounces early on the news of a trade war truce, with yields on the rise, the markets unlikely to be paying too much attention on the data.
Read MoreChina Manufacturing Stalls as Focus now Shifts to the G20 Summit
Economic data out of China this morning reflected just how important a resolution to the trade war is, not just for China, but also the likes of the AUD.
Read MoreThe Ambiguity in Powell’s Words Has Triggered the Dollar to Plummet
The weakening of the US Dollar is favorable for the stock market. The dollar’s decrease and the expectations of a softer approach from the Fed have triggered a 2.3%-2.5% increase in key U.S. indices.
Read MoreIt’s All Eyes on the G20 Summit – Will Trump Shock and Awe once more?
While there are plenty of stats and the FOMC meeting minutes to consider, the G20 could garner all of the attention as trade takes center stage.
Read MoreGold Jumps on Speculation Fed May Reduce Number of 2019 Rate Hikes
Gold surged on Wednesday as the dollar plunged in reaction to Fed Chair Powell’s dovish comments. Traders reacted as if Powell was signaling there would be fewer rate hikes in 2019, which would theoretically boost the value of gold because it is seen as a hedge against inflation.
Read MoreU.S. Dollar Tumbles after Yields Fall as Fed Moves Closer to End of Rate Hike Cycle
The U.S. Dollar retreated from two-week highs and nearly its highest level of the year as short-term Treasury yields fell, following dovish comments from Fed Chair Jerome Powell which raised expectations that the U.S. central bank is closer to the end of its rate hike cycle.
Read MoreNZD/USD Flat after Reserve Bank Releases Financial Stability Report
RBNZ Governor Orr also spoke, saying the Reserve Bank’s home lending restrictions are “in place now and forever”. Additionally, with the housing market cooling since October 2013 when LVR restrictions were first implemented, Orr told reporters the RBNZ was “some way away” from further changing the lending limits.
Read MoreEconomic Data, FED Chair Powell and the Oval Office Put the USD in Focus
Following Trump’s comments on Powell, the Dollar is back in focus, with the FED Chair on the docket late in the day, with a heavy day of stats ahead.
Read MoreTrade War Rhetoric and Brexit Chatter to Keep the USD and GBP in Action
Trump talks of more tariffs as the G20 Summit approaches, with Brexit chatter continuing to pin the Pound back on expectations of the deal being thrown out.
Read MoreCarney, Brexit and Draghi put the EUR and GBP in the Spotlight
The Pound shrugs off the Brexit deal, with a number of members of parliament calling for the deal to be rejected. Carney and Draghi could influence later.
Read MoreThe Week Ahead – Brexit, the FED and the G20 to Hit the Markets
It’s a big week ahead, with news from the EU Summit on Brexit, Brexit news, the FED’s meeting minutes and the G20 in focus through the week.
Read MoreEuro in Position to Post Big Weekly Drop on Weak Euro Zone PMI Data, Brexit Issues
According to a series of reports released early Friday, business growth in the Euro Zone slowed much faster than expected in November. The Euro was also pressured after European Union negotiators from the 27 states remaining after Brexit were unable to agree on Gibraltar during talks on Friday, Reuters reported,
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