Today
The greenback remains on the back foot, unable to recover so far. What technical level should we watch out for? Here is their view, courtesy of eFXdata: EUR/USD:Â Shift from bearish to neutral: Chance for EUR to test the major 1.1630 resistance. We highlighted yesterday (20 Aug, spot at 1.1435) [...]
Wed, Aug 22, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
The US Dollar remains on the back foot following trade talks and also Trump's criticism against the Fed's rate hikes. What's next? Here is their view, courtesy of eFXdata: Danske Research discusses the USD outlook from the positioning front and argues that the recent stretched USD longs can stay in [...]
Wed, Aug 22, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.87% against the USD and closed at USD66.04 per barrel. Separately, the American Petroleum Institute (API) reported that crude oil inventories declined by 5.2 million barrels to … Continue reading → [...]
Wed, Aug 22, 2018
Source: GCI news ( Latest) Category: LATEST NEWS
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.18% against the USD and closed at 0.7358. LME Copper prices rose 1.1% or $62.5/MT to $6025.5/MT. Aluminium prices rose slightly to $2040.5/MT. In the Asian session, at … Continue reading → [...]
Wed, Aug 22, 2018
Source: GCI news ( Latest) Category: LATEST NEWS
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.83% against the USD and closed at 1.2903. On the macro front, Britain’s public-sector net borrowing reported a surplus of £2.9 billion in July, compared to a revised … Continue reading → [...]
Wed, Aug 22, 2018
Source: GCI news ( Latest) Category: LATEST NEWS
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.73% against the USD and closed at 1.1574. The US dollar weakened against the euro, following US President, Donald Trump’s critical comments over the Federal Reserve’s interest rate … Continue reading → [...]
Wed, Aug 22, 2018
Source: GCI news ( Latest) Category: LATEST NEWS
Earlier
The ECB Meeting Minutes will shed light on the July meeting, which ended in a lower Euro. Clarifications about the rate hike, Trump's trade, and ticking inflation stand out. Coming after the Fed minutes, it could serve as a reminder for the ECB's dovishness. The European Central Bank releases its [...]
Tue, Aug 21, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises amid Brexit Negotiations The Pound Canadian Dollar (GBP/CAD) exchange rate has shot up this afternoon, with the EU’s chief Brexit negotiator Michel Barnier scheduled to deliver a presser at 17:15. This will follow key Brexit negotiations between Barnier and UK... [...]
Tue, Aug 21, 2018
Source: Currency news Category: LATEST NEWS
Are the world’s political leaders up to the job? In tumultuous times the leaders of major nations face an unenviable task in tackling some of the biggest challenges faced in modern times. Forex market experts DailyFX has put US President Donald Trump, UK Prime Minister Theresa May, Japanese Prime Minister [...]
Tue, Aug 21, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
The GBP/USD is trading above 1.2800, pushed higher by a weak USD. Brexit talks resume and another impasse could weigh. The technical picture looks favorable for the pair. The GBP/USD is trading above 1.2800, the highest in around two weeks. US President Donald Trump criticized the Federal Reserve for raising [...]
Tue, Aug 21, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
Amid a quieter UK economic calendar and a lack of fresh Brexit developments in recent sessions, the British Pound to Australian Dollar (GBP/AUD) exchange rate looked to rebound slightly as investors bought the cheap Pound. GBP/AUD has been more easily able to hold away from its worst levels as the [...]
Tue, Aug 21, 2018
Source: Currency news Category: LATEST NEWS
Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.1468 1.1558 GBP/USD SELL Active 1.2798 1.2878 USD/CAD BUY Active 1.2988 1.3048 NZD/USD SELL Active 0.6642 0.6692 EUR/JPY BUY Active 127.22 126.42 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading → [...]
Tue, Aug 21, 2018
Source: GCI news ( Latest) Category: LATEST NEWS
Despite a lack of fresh market reasons to buy the Pound this week so far, the Euro to British Pound (EUR/GBP) exchange rate slipped on Monday. The Euro remained unappealing thanks to speculation that a potential Turkish Lira (TRY) currency crisis could have a negative influence on Eurozone banks. Last week [...]
Mon, Aug 20, 2018
Source: Currency news Category: LATEST NEWS
Last week, the Pound (GBP) opened trading against the Canadian Dollar (CAD) at a level of CA$1.6776 on Monday. Pound Sterling quickly fell in the pairing to a low of CA$1.6597, which was the lowest exchange rate since October 2017. While it didn’t put the Pound back up to its best exchange [...]
Mon, Aug 20, 2018
Source: Currency news Category: LATEST NEWS
On Thursday, the Pound opened trading against the South African Rand at a level of 18.5373 and closed slightly higher around 18.7123. This appreciation in the GBP/ZAR exchange rate was caused by the news that UK retail sales activity had risen in July, beating forecasts across the board. While this news raised [...]
Fri, Aug 17, 2018
Source: Currency news Category: LATEST NEWS