Pound nears two-week high before UK vote; euro steady ahead of ECB
By Shan on 8th June 2017. Daily Analysis, EURUSD, GBPUSD, News, Point of View, USDJPY
Sterling traded near a two-week high on Thursday, supported by expectations that Prime Minister Theresa May’s party will win a majority in Britain’s general election, while the euro held steady ahead of a European Central Bank policy announcement. The pound held steady at $1.2956, trading near Wednesday’s peak of...
Dollar stuck near six-week low vs. yen as “Super Thursday” events loom
By Shan on 7th June 2017. AUDUSD, Daily Analysis, EURGBP, EURUSD, GBPUSD, News, Point of View, USDJPY
The dollar wallowed near a six-week low against the safe-haven yen on Wednesday, with traders cautious ahead of Britain’s general election, a European Central Bank policy decision and testimony by former FBI Director James Comey. The greenback treaded water at 109.490 yen, not far from 109.225, its lowest since...
Dollar hits six-week low vs. yen ahead of UK vote, Comey testimony and ECB decision
By Shan on 6th June 2017. AUDUSD, Daily Analysis, EURUSD, News, Point of View, USDJPY
The dollar hit a six-week low against the safe-haven yen on Tuesday as caution mounted ahead of Britain’s election, a European Central Bank meeting, and former FBI Director James Comey’s testimony to a Senate committee – all of which are set for Thursday. The dollar was down 0.6 percent...
Dollar nurses losses after downbeat U.S. jobs data, pound edges lower
By Shan on 5th June 2017. AUDUSD, EURUSD, News, NZDUSD, Point of View, USDCAD, USDCHF, USDJPY
The dollar nursed losses on Monday, coming close to a seven-month low against a currency basket plumbed after disappointing U.S. employment data prompted investors to pare back their expectations of future U.S. Federal Reserve rate hikes. The dollar index, which tracks the greenback against a basket of six major...
Dollar hits one-week high vs yen on upbeat U.S. data, awaits non-farm payrolls
By Shan on 2nd June 2017. Daily Analysis, Economic Data Trading, News, Point of View, USDJPY
The dollar hit a one-week high against the yen on Friday after upbeat U.S. private sector job figures, while the closely-watched non-farm payrolls report out later in the global day could provide another boost. The dollar hit 111.680 yen, its highest since May 26, in early trade before slipping...
Weidmann Says ECB Starting to Debate Whether to Change Guidance
By Shan on 1st June 2017. Daily Analysis, EURGBP, EURJPY, EURUSD, News, Point of View
The European Central Bank is starting to debate whether to reflect the euro area’s improving economic prospects in its policy guidance, Bundesbank President Jens Weidmann said. Speaking just hours before the ECB begins its self-imposed quiet period ahead of next week’s monetary policy meeting, Weidmann said the strengthening recovery...
German Unemployment Declines as Economy Poised for More Growth
By Shan on 1st June 2017. Daily Analysis, EURGBP, EURJPY, EURUSD, News, Point of View
German unemployment fell to a new record low as Europe’s largest economy continued to power ahead. The jobless rate dropped to 5.7 percent in May from 5.8 percent, data from the Federal Labor Agency in Nuremberg showed on Wednesday. The number of people out of work slid by a...
Dollar, yen gain as European political nerves weigh
By Shan on 30th May 2017. EURJPY, EURUSD, GBPJPY, GBPUSD, News, Point of View, USDJPY
A new round of political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, the resulting bleaker mood on stock markets also pushing the yen broadly higher. The dollar index, under pressure over the past fortnight from concerns over the Trump...