The US dollar index and its index futures slipped moments before the highly anticipated release of the NFP report. Despite the dollar’s slip up, traders are expecting the August jobs report to come out strong. Economist forecasts an increase of 160,000 in employment for last month. However, temporary jobs from the U.S. census could leave …
News from the US-China trade war caused the Japanese yen exchange rate to fall in yesterday’s trading. The Japanese Yen Contract recorded a loss of 0.37%, or 0.000035 points, in Thursday’s trading. The CNY to JPY trading pair went up by 0.51% or 0.0759 points, hitting ranges between ¥14.8790 and ¥14.9720 in sessions. While the …
The British pound sterling had an impressive run in yesterday’s session as it gained support from UK lawmakers. The UK currency had a rough start this week, but Wednesday’s rally gave sterling traders a much-needed tap in the back. The pound recorded strong rallies that have not been seen by its traders for a long …
The pound sterling enters positive territories in today’s trading after UK lawmakers won the bid to block a harsh Brexit. The UK currency, which lost its footing on previous trading sessions, got its much-needed boost from the positive Brexit news. The sterling rallied against other major currencies in Wednesday’s session as traders regained their confidence …
The Swiss National Bank unveiled on Tuesday the latest 100 Swiss Franc note. The new hundred-franc bill will enter the nation’s monetary circulation on September 12. The new bill features a design of a channel carrying water down from a mountain. The design follows the trend of the first released bills for the 10, 20, …
On Tuesday, the Chinese smartphone maker Xiaomi Corp declared 12 billion Hong Kong dollars or $1.53 billion worth of share on its buyback plan. This is in a reversal of its cash-management strategy that is meant on increasing its floundering stock. Xiaomi shares replied to the news of the buyback. This has been the biggest …
Xiaomi Corp. Plans to Buy Back 1.5 Billion U.S. Dollar Shares Read More »
The Swiss Franc had a strong rally in today’s trading after the SNB denied commenting on the value of the currency. The Swiss franc, which rose to its highest ranges against the euro, continued to rally in Tuesday’s sessions. The EUR CHF trading pair went down to 0.28%, to 0.0031 points, trading for Fr1.0831 against …
The EUR/GBP trading pair gained altitude in yesterday’s trading as the pound sterling continues to weaken. The EUR/GBP pair moved up by 0.40% or 0.0036 points in Monday’s sessions. The pair traded around £0.9082 in sessions and has extended its gains from £0.9026 to £0.9091 in yesterday’s trading. The two currencies also lost against other …
The EURGBP trading pair is in for a very volatile ride in the coming trading sessions as both currencies gradually weaken. The FX market continues to receive mixed sentiments over whether which currency will come out triumphant. The looming German recession is currently the heaviest weight on the euro. Meanwhile, pound sterling traders are losing …
The EUR/USD trading pair weakened in last week’s trading after the US economic growth report bolstered the greenback in session. The EUR/USD trading pair went down by 0.11%, or 0.0012 points, hitting levels between $1.1035 and $1.1061 in Friday’s session. The pair gradually declined throughout last week’s trading. The EUR/USD started from $1.1160 on Monday …
The NZD USD exchange pair managed to recover from its slump in yesterday’s trading. Then NZD had a tough rally on the earlier half of the day after the data from the ANZ Bank disappointed kiwi traders. The NZD USD pair went down by 0.17% or 0.0011 points in the first half of Thursday’s trading. …
Britain’s new prime minister, Boris Johnson, suspends the UK parliament weeks ahead of the much-anticipated Brexit. Johnson requested the suspension to the queen on Wednesday. But before the PM’s request, the UK parliament had five weeks in session to discuss and debate on a Brexit deal. The suspension also comes days after British policymaker return …
Traders in the FX market were slightly relieved as the US dollar regained some of its strength in yesterday’s trading. The greenback recently started off the week on a negative note. The US dollar slowly made headway on Wednesday’s trading as investors regain their risk appetite. The US dollar index recovered, moving up 0.11%, or …
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 »
A local survey was conducted in the UK that showed that several British employers still plan to hire more employees. The result came as a surprise because the people are currently weighed by Brexit fears and concerns about the nation’s economy. The British organization, Recruitment & Employment Confederation or REC, appears to have similar sentiments …
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