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 British pound currency regained much needed strength in trading sessions. The support came from the bounce back of the U.S. Treasury yields and the announcement of China’s central bank. The People’s Bank of China said that they will use market-based reform plans to help lower lending rates and support China’s slowing economy. The pound …
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% …
Japan’s currency receives much attention from traders as the possibility of a global recession looms. The Japanese yen gained strength as traders focus on safe haven assets. The recent news about the United States Treasury yields bolstered the yen in past trading sessions. Analysts are blaming the prolonged trade war between US and China for …
The Japanese yen remains in green territories against major currencies in today’s trading. The JPY received support from the slipping treasury yields that worried traders for the downward run of the global economy. As investors turn to safe haven such as precious metals and the yen, the Japanese currency gets stronger. The USD to JPY …
In a previous announcement, Apple banned selected Macbook Pro models from flights. It is in the name of safety, as stated by The Federal Aviation Administration (FAA). Apple announced the prohibition and reminded that batteries used in some models are dangerous as they could overheat and present a safety risk. Apple recalls the effects of the …
Apple Macbook Pro Off Limits to Some US Airline Flights Read More »
On Wednesday in Asia, gold prices plunged on global trading. It was after the U.S.’s decision to postpone the tariffs on certain Chinese goods. It has eased the tension between the two sides and dented demand for the safe-haven metal. December delivery of gold futures traded on the Comex division of the New York Mercantile …
In a news report, the British banking giant Barclays put an end to its partnership with the United States crypto exchange Coinbase. On August 13, Coindesk reported unnamed industry sources that have said Barclays will no longer be banking for Coinbase. It was splitting a bond that began when Coinbase opened a Barclays account in March 2018. The …
The Chinese yuan recorded its lowest drop for more than a decade yesterday. The weaponization of the yuan by Beijing has continued for 9th straight day and traders are getting more troubled for the outlook of the currency. Major currencies have taken advantage of the weakening dollar. The USD slightly gained ground against the CNY, …
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’ …
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