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Tag: usd

Trade Ceasefire Supports Risk Assets

Tuesday May 22: Five things the markets are talking about Markets traded mixed overnight, with global equities drifting and a number of risk currencies finding support as investors digest easing trade tensions and the latest comments from a plethora of central bank members. The EUR (€1.1809) has found some traction as Italian bonds recover from […]

EUR/USD – Euro Edges Higher, Investors Look for Cues

EUR/USD is showing little movement this week. In the Tuesday session, the pair is trading at 1.1814, up 0.19% on the day. On the release front, there are no major German or eurozone indicators. In the US, the sole indicator is the Richmond Manufacturing Index. On Tuesday, Germany and eurozone will release manufacturing and services […]

Gold Dips as China-US Tariff Spat Eases

Gold has started the new trading week with losses. In Monday’s North American trade, the spot price for one ounce of gold is $1289.63, down 0.22% on the day. It’s a very quiet day on the release front, with no key indicators on the schedule. The sole event is a speech from FOMC member Raphael Bostic. […]

GBP/USD – British Pound Dips, BoE Inflation Report Next

The British pound has started the week with losses. In Monday’s North American session, GBP/USD is trading at 1.3422, down 35% on the day. On the release front, there are no key indicators on the schedule. British Rightmove HPI gained 0.8% in May, up from 0.4% a month earlier. In the US, the sole event […]

EUR/USD – Euro Edges Lower, German Markets Closed for Holiday

EUR/USD continues to trade quietly. In the Monday session, the pair is trading at 1.1743, down 0.27% on the day. The On the release front, German markets are closed for Whit Day, and there are no German or eurozone indicators. In the US, the sole event is a speech from FOMC member Rafael Bostic. The Italian […]

Dollar Rises Amid Italian Coalition and China-US Trade Uncertainty

The US dollar appreciated against major rival currencies on Friday. The dollar rally is back on after the two of the largest parties in Italy agreed to form a coalition government and Japanese inflation retreated. Although there is no plan for Italy to exit the European Union it could put it to the test with […]

USD/CAD – Canadian Dollar Steady Ahead of Canadian, U.S Job Reports

The Canadian dollar is steady in the Thursday session, after posting gains on Wednesday. Currently, USD/CAD is trading at 1.2778, down 0.10% on the day. In economic news, Canada releases Foreign Securities Purchases and ADP Nonfarm Employment Change. In the U.S, the Philly Fed Manufacturing Index is expected to drop to 21.2, while unemployment claims are forecast […]

Dollar Consolidates ahead of Today’s Event Risk

Thursday May 17: Five things the markets are talking about Italian political uncertainty continues to dominate European domestic asset prices. Since yesterday, Italian bond yields have ballooned on reports of a draft government program, penned by the proposed populist coalition, the introduction of procedures within the eurozone to allow countries to quit the euro. The […]

EUR/USD – Euro Trading Sideways on Lack of Eurozone Data

EUR/USD is showing little movement in the Thursday session. Currently, the pair is trading at 1.1817, up 0.07% on the day. On the release front, there are no German or eurozone indicators. In the U.S, there are two key events, which could impact on the movement of EUR/USD. The Philly Fed Manufacturing Index is expected to […]

The trend is your friend.

The trend is your friend. Currency Markets There was an intense focus on Italy Wednesday thanks to speculation that its new coalition government would request that the ECB write-off the bank’s QE-acquired debt of EUR250bn. Panic ensued with the EURUSD plunging to 1.1760 before recovering after the report was denied. But the Italian political noise […]