The EUR/USD trading pair went down in today’s trading as the greenback got support from the US economic data. The United States’ second-quarter economic growth data went down to 2.0% from 2.1%. Despite the slowdown, the data met the expectation of critics thus lessening the impact on the dollar. The EUR/USD trading pair moved down …
The FX market saw the US dollar and its futures steadying in today’s trading. The struggling dollar is slowly and cautiously making headway in sessions. Traders are getting more and more concerned as the conflict between the US and China escalates. The dispute keeps on affecting the global economy while bond yields continue to slip. …
FX Market: USD Steadies Against Trade War Concerns Read More »
US Dollar Index dipped during Thursday’s session against news about the US Federal Reserve. This week, the US Federal Reserve officials are scheduled to have their annual Jackson Hole Seminar. Jerome Powell, US Fed Chairman, is expected to make a speech on Friday addressing the recent Treasury yield curve inversion. The USD Dollar had a …
News from the US Federal Reserve minutes gave the USD dollar some strength to hold on to some of its gains. The USD dollar continues to trade in positive territories since yesterday. The US Dollar Index inched up by 0.03% or 0.03 points in today’s session. the US Dollar Index Futures moved up by 0.03% …
Europe’s single currency lost its footing against the greenback in yesterday’s sessions. The USD remained stubbornly strong as the tension between Beijing and Washington continues. The EUR/USD pair edged up 0.03% or 0.0004 points yesterday. The pair traded around ranges between $1.1071 and $1.1089 in sessions. The US Dollar Index slightly edged up 0.02% or …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The pair has been trading lower in recent weeks, with the British pound losing strength against the safe haven Swiss franc in the past months but now appearing to point upwards after reaching …
Daily Market Charts and Analysis August 20, 2019 Read More »
The single currency slipped against the greenback in today’s trading as the Central Bank of Germany warns about the slowing economic activity. The EURUSD trading pair was seen edging up by 0.01% to 0.05% in sessions. The trading pair reached ranges between $1.1074 and $1.1089 in Tuesday’s trading sessions. Recently, Germany’s central bank warned about …
The recently released data from the UK house sales report gave the British pound some hopes in yesterday’s trading session. The data showed a 6.1% increase year on year in the month of August. The sterling took advanced against the greenback yesterday. The GBP to USD trading pair lost 0.22% or 0.0027 points. The GBPUSD …
Pound Received Support Yesterday from UK House Data Read More »
The positive data from the US retail sales report caused the GBPUSD to climb up last Friday. The data showed an increase of 0.7% in the month of July. The data went over the 0.3% expectation from the market. Last week, the GBPUSD pair rose 0.24% or 0.0029 points and has traded for £1.2113. The …
GBPUSD Gains Last Week Against the US Sales Data Read More »
The greenback is seen gaining ground against the pound sterling (GBPUSD) after the release of the positive US retail sales data. The US market was delighted with the news and the US dollar index steadied. The US dollar index or DXY inched up 0.07% or 0.07 points today. The pound dollar exchange rate rose 0.24% …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. CADJPY The pair was expected to drop after it failed to breakout from 200 MA, sending the pair lower towards a major support line. Canada’s economy was able to dodge pressure from the United …
In Europe, the U.S. dollar kicked its highest level in two months. It has resumed an upward trend versus both the euro and sterling after weak performances on Thursday. During Asian trading, the dollar index, which tracks the greenback versus a basket of developed-market peers, gained 97.627. It was also increasing just above level 4, …
On Thursday, the euro value was on a two-month low, ahead of a European Central Bank summit. Growth in the currency zone weakens, and this could indicate monetary easing. Opinions toward the single currency took a setback. It was after data showed Germany’s manufacturing sector contracted at the fastest pace in seven years. Meanwhile, French …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURUSD The euro pair just reached its two-month low against the dollar as pressures mount ahead of the highly anticipated meeting by the European Central Banks and amid hints of progress over the US-China …
On Monday, the dollar strengthened against the yen on the forex markets. Investors toughened outlooks for an aggressive Federal Reserve interest rate cut later this month. The dollar grew 0.2% versus the yen to 107.92 due to the rise in U.S yields. Friday’s modest gains were pushed by the benchmark 10-year Treasury yield and scaled …
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