After traders digested the information on the RBA’s meeting minutes, the Australian money immediately contracted in sessions. But prior to today’s mess up, the Aussie was benefiting from trade war pessimism. Aside from that, the lackluster figures from the Australian economy are making it hard for the Aussie to stay firm. Yesterday, the Australian Bureau …
RBA Leaves Room for February Cuts, Australian Money Slips Read More »
Yesterday, the eastern and central currencies from Europe crushed the euro, taking advantage of the weak Eurozone and German data. Aside from that, the pound currency continued to bask in the glory of the recently concluded UK elections last week. Yesterday, surprise contractions in French, German, Italian, and Eurozone pressured the single currency. What damaged …
The Euro Sinks and the Pound Currency Maintains Gains Read More »
Monday kickstarts another volatile week for major currencies in trading sessions. The pound currency continues its uphill climb, and the Australian dollar benefits from trade war news. Meanwhile, the US dollar and the Chinese yuan struggles in sessions also from trade war news. Bulls are keeping a close eye on the Australian dollar this Monday’s …
Pound Currency Spikes and the Aussie Climbs | Wibest Read More »
Last week was an extreme roller-coaster for the British pound exchange rate as it was the election week. After the Conservatives were hailed as the majority, the sterling gained altitude in trading sessions. All the major currencies were crushed by the pound on Friday following the release of the election results. The pound futures rallied …
Johnson Reigns Continue, Pound Exchange Rate Soars Read More »
Boris Johnson and the Conservatives’ triumphant victory shinned the spotlight on the pound exchange rate this Friday. Traders are hyped by the overwhelming win of, British Prime Minister Boris Johnson. After snatching the post against Jeremy Corbyn, the BPM promises to deliver the UK-EU divorce by January 31. The pound exchange rate and UK stocks …
Pound Exchange Rate Shines After Tory Victory | Wibest Read More »
This week has been a very busy and volatile week for the forex market. From the Bank of Brazil to the US Federal Reserve, monetary policy announcements were closely watched. Just yesterday, the former IMF boss and now chief of the ECB, Christine Lagarde, held her first monetary policy meeting. Policymakers from the European Central …
Central Bank of Major Economies Dominating FX Headlines Read More »
Yesterday, the Brazilian central bank unleashed a half-point rate slash that shocked the market. The aggressive cut was deemed necessary by the bank as inflation remains below targets despite gradual improvements in the economy. The bank of Brazil’s benchmark Selic rate, or most known as interest rate, was eased by 0.50 basis points. The rate …
Brazilian Central Bank Aggressively Cuts Rates | Wibest Read More »
Thanks to OPEC’s revised growth forecasts for demand growth, oil and petroleum prices surge this Thursday. Earlier today, the Organization of Petroleum Exporting Countries revised next year’s deficit forecast. Oil bulls took bloc’s announcement as an opening to drive futures higher this trading session. Well, since December 5, oil and petroleum prices have fluctuated from …
Oil and Petroleum Prices Rise from Revised Forecasts Read More »
Yesterday, the Mexican peso dragged the greenback lower in sessions even ahead of the US Federal Reserve’s announcement. Traders are pushing to close the year with gains for the peso despite all major Latin currencies crumbling. The Mexican peso is a beloved currency from South America, and it is the most traded among the currencies …
Mexican Peso Secures Gains Before 2019 Ends | Wibest Read More »
The Mexican peso is poised to end the year with gains against the US dollar in forex trading. What helped fortify the peso in the recent sessions is Mexico’s trade deal with the United States and Canada. The currency is the only Latin American currency without huge losses against the greenback. The Mexican peso is …
Mexican Peso Bolsters After United States and Canada Deal Read More »
The US Federal Reserve dominates the news this week in the forex markets. Just moments away, the bank will finally reveal its highly anticipated interest rate decision for December. The nonfarm payroll rolled out promising figures that supported the markets’ hope of no easing. More traders believe that the bank will meticulously weigh in the …
US Federal Reserve Takes Over This Week’s Headlines Read More »
The US dollar struggles to find direction in sessions just ahead of the US Federal Reserve interest rate announcement. The contrasting sentiments surrounding the dollar is making it hard for investors to decide their next move. On one corner, the US President’s plan to add more sanctions on December 15 is damping trade war optimists. …
US Federal Reserve Decision in Focus, Dollar Unchanged Read More »
With December 15 just right around the corner, the effect of the upbeat USA jobs report fades immediately. Yesterday, the greenback sunk after just rising last Friday’s trading. Traders were concerned about Trump’s persistence to add more tariffs to Chinese goods. The markets’ worried about the sanctions instead of basking in the good NFP results …
Trade War Woes Outweigh USA Jobs Report, USD Sinks Read More »
Last week, the regularly scheduled Non-Farm Payroll showed impressive figures in USA jobs. The greenback and its indices immediately jumped following the positive news. However, as of today, Monday, the upbeat data has started to wear off and traders are focusing more on trade war news. The US dollar index, or DXY, slipped by 0.07% …
USA Jobs Data Wears Off, USD Starts to Slip | Wibest Read More »
The pound currency is in for a very volatile ride this week as the UK election is due in a few days. Last week, the sterling almost got away with a clean green rally, but unfortunately, it dived on Friday. Investors are confident after election polls showed better odds for the Conservatives to secure the …
What’s Ahead for the Pound Currency in the FX Market Read More »
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