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 …
NZDCAD The pair traded within a channel in the past months, overall pursuing a downtrend as the Canadian dollar gathers strength from the perking up in oil prices. On the NZD side, the bank has implemented aggressive rate cuts in recent weeks. According to the central bank’s assistant governor, such aggressive moves decreased the need …
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% …
The GBPUSD pair recovered from its losses last Friday. The pair inched its way up to 0.21%, or 0.0025 points, and has reached ranges of £1.2015 to £1.2069 during yesterday’s trading session. The weaker-than-expected data from the UK economy has weighed on the pound sterling. The UK economy saw a decline of 0.2%, far worse …
The GBPUSD pair is making a slight recovery in today’s trading after seen struggling last Friday. The news of the British economy declining for the second quarter of 2019 worried pound traders. The UK economy lost 0.2 percent in the months of April to June. According to the National Statistics Office, the data broke economists’ …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDJPY The USDJPY plummeted steeply as risk aversion dominated the forex markets on Monday after China let the Chinese yuan fall below the psychologically important 7 levels. Consequently, the dollar weakened against the Japanese …
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, …
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 …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDJPY The pair managed to shoot out a bullish candlestick on the daily chart as the dollar goes back to action, pushing the price up during the early trade, although the buck can also …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The pair sees a semi-solid support at current levels, although it’s still seen going downward. The British pound is still facing amounts of pressure after the first round of the Conservative Party leadership …
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