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 »
The pound currency soared through the whole week but finally halted its upward rally this Friday. As the odds of the Conservatives get better, the sterling is rampaging through the forex market. Although, as of the moment, the GBP lost its momentum. This week has been good to the pound, aside from election news, a …
Pound Currency Stops its Upward Swing Despite Strong Data Read More »
Two different central banks decided to hold their official interest rates still recently. The RBI and BoC’s decisions steadied and refueled India’s rupees and Canadian dollars. First, the Bank of Canada announced on Wednesday that it leaves its interest rate unmoved. That wasn’t much of a surprise, though. What caught the market off guard was …
Central Bank Decisions Reinforces the Rupees and Loonies Read More »
India’s rupees steady in today’s trading after the country’s central caught the market by surprise. The INR mostly traded flat against other currencies, but it also fell against the pound and gained against the Aussie. No rate cuts were announced from the Reserve Bank of India in its final meeting of the year. Traders were …
India’s Rupees Steady After RBI’s Surprising Decision Today Read More »
The South African rand successfully regained its footing in yesterday’s trading following an upsetting fall earlier this week. Aside from the manufacturing PMI, the GDP growth of the country is also weighing in on the rand. Experts now call for reforms in the country’s system to help its economic growth and the currency. Earlier this …
South Africa’s Rand Recovers from this Week’s Shock Read More »
South Africa’s rand was struck hard by the distressing GDP report yesterday, sending it to the loosing against other currencies. But today is a different story for the rand as it tries to steady in sessions. The South African currency is regaining its composure and it is trying to recover some of its losses against …
The Rand Tries to Steady After Shocking GDP Report Read More »
The greenback fell lower against the Australian dollar yesterday after the Reserve Bank of Australia decided to hold rates. Apart from the Aussie’s strength, the is also under pressure from the unsettling factory PMI earlier this week. As projected, the monetary policy committee of the RBA decided to hold on to current rates at 0.75%. …
The Greenback Dives Against the Aussie After RBA Decision Read More »
The greenback fights to recover some of its losses from yesterday’s weak manufacturing data. News from Trump’s new tariff announcement isn’t also making it better for the buck in today’s sessions. Yesterday, the United States Institute for Supply Management released the November factory PMI results. Traders were discouraged as the sector remains in contraction territories …
The Greenback Struggles to Recover from Weak Economic Data Read More »
The upbeat results from the Chinese manufacturing PMI report were not good enough to bolster the yuan in sessions. The yuan had a bad run yesterday against the greenback, aussie, and kiwi. The CNY CNH or yuan to yuan offshore exchange rate flatlined at -0.02% or 0.0002 points on Monday. The greenback was quick to …
Chinese Manufacturing Data Fails to Lift Yuan | Wibest Read More »
The Chinese yuan dives this Monday after the People’s Bank of China (PBOC) decides to skip its repo rate cut earlier. Aside from that, the significant rebound in the country’s manufacturing activity wasn’t enough to bolster the currency in sessions. The PBOC said that there is still enough liquidity in the country’s banking system, so …
Chinese Yuan Plunges, No Repos and Factory PMI Bounces Read More »
Last week, traders were left confused as the Japan yen recorded different results in forex sessions. Last week Friday was also the day when the Bank of Japan governor gave a dovish remark, triggering speculations of future easing. The Japan yen contract rallied 0.32%, or 0.000029 points, last week. Meanwhile, the yen failed to gain …
Japan Yen Sees Different Direction Last Week | Wibest Read More »
The Japan yen holds steady against the greenback after the Bank of Japan governor gave his speech earlier. According to Governor Haruhiko Kuroda, the bank sees ample room to cut its base rate in the future. The USD JPY exchange rate nearly flatlined as it only manages to inch up 0.06% or 0.06 points this …
Japan Yen Steadies After Kuroda’s Speech this Friday Read More »
The violence and protest across Latin American countries are tipping the balance in the region’s forex markets. As the unrest continues, traders remain unsettled about the continent’s economic outlook. Rallies and movements caused havoc in Chile, Argentina, Brazil, and other Latin American countries. When pinned against the greenback, the region also has the worst foreign …
Unrest in Latin American Countries Tips FX Market Read More »
The currencies from Latin American countries are some of the worst-performing players in the forex market this year. As the end of 2019 draws closer, forex traders from the region have started to lose hopes for a significant rebound. Riots and violence across the region have affected the currencies of each country. Among all of …
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