Today
• UK monthly retail sales figure fall short of expectations and prompted some selling. • Brexit speculations continue to support the Pound and helped limit deeper losses. The GBP/USD pair extended its intraday decline and dropped fresh session lows, around the 1.2930-25 region post-UK macro data, albeit [...]
Fri, Jan 18, 2019
Source: latest news ( fxsreet) Category: LATEST NEWS
The index remains sidelined just above the 96.00 mark today. Yields of the US 10-year note climb to fresh tops near 2.78%. November Industrial Production, flash January U-Mich index next on tap. The greenback is prolonging the sideline theme just above 96.00 the figure so far this week when gauged by the US [...]
Fri, Jan 18, 2019
Source: latest news ( fxsreet) Category: LATEST NEWS
According to analysts at TD Securities, strong official sector gold purchases open up the possibility that gold prices can move significantly above TD's projected $1,400/oz target in late 2020, should central banks catch the "gold bug". Key Quotes “Central bank reserve portfolio diversification, increasing value of reserves and it being nobody's liability [...]
Fri, Jan 18, 2019
Source: latest news ( fxsreet) Category: LATEST NEWS
The UK retail sales dropped by -0.9% m/m in Dec. The core retail sales in the UK dropped by -1.3% m/m in Dec. The UK retail sales contracted 0.9% over the month in December, missing market expectations by a small margin while core retail sales stripping the auto motor fuel sales also [...]
Fri, Jan 18, 2019
Source: latest news ( fxsreet) Category: LATEST NEWS
Analysts at Standard Chartered suggest that the much-anticipated VAT cut in China is likely to be announced before the annual National People's Congress (NPC) meetings in March to boost business confidence. Key Quotes “A further VAT cut is mainly intended to lower the tax burden on the manufacturing sector, according to the [...]
Fri, Jan 18, 2019
Source: latest news ( fxsreet) Category: LATEST NEWS
The US Dollar is looking for a new direction after a few turbulent days. What's next? Here is their view, courtesy of eFXdata: Citi discusses USD outlook and notes that investor flow remain overall USD negative. “The Citi CitiFX Flows team notes net USD outflows by real money (RM) investors [...]
Fri, Jan 18, 2019
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.15% against the USD and closed at USD52.12 per barrel, after OPEC's oil output fell by 751,000bls per day to 31.6mn bls per day in December. In … Continue reading → [...]
Fri, Jan 18, 2019
Source: GCI news ( Latest) Category: LATEST NEWS
Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.35% against the USD and closed at USD15.56 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.57, with silver … Continue reading → [...]
Fri, Jan 18, 2019
Source: GCI news ( Latest) Category: LATEST NEWS
Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.12% against the USD and closed at USD1291.60 per ounce, amid upbeat US economic data. In the Asian session, at GMT0400, the pair is trading at 1291.70, with gold … Continue reading → [...]
Fri, Jan 18, 2019
Source: GCI news ( Latest) Category: LATEST NEWS
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.24% against the USD and closed at 0.7186. LME Copper prices rose 0.4% or $22.0/MT to $5933.0/MT. Aluminium prices declined 1.9% or $35.5/MT to $1804.0/MT. In the Asian … Continue reading → [...]
Fri, Jan 18, 2019
Source: GCI news ( Latest) Category: LATEST NEWS
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD and closed at 1.3280. In the Asian session, at GMT0400, the pair is trading at 1.3278, with the USD trading slightly lower against the … Continue reading → [...]
Fri, Jan 18, 2019
Source: GCI news ( Latest) Category: LATEST NEWS
Earlier
The pound continues its recovery path as hopes for a soft Brexit or no Brexit at all prevail. What's next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses GBP outlook in light of the recent Brexit development. “In the coming days, the PM will [...]
Thu, Jan 17, 2019
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
Investors continued to buy the British Pound to Australian Dollar (GBP/AUD) exchange rate today, despite broad market uncertainties in how the Brexit process could unfold. Speculation that a No-deal Brexit can be avoided and a soft Brexit could become more likely bolstered the British currency, while the Australian Dollar was [...]
Thu, Jan 17, 2019
Source: Currency news Category: LATEST NEWS
USD/CAD daily chart USD/CAD is trading in a bull trend above the 100 and 200-day simple moving averages (SMAs). USD/CAD 4-hour chart USD/CAD is trading above the 50 SMA as bulls are trying to retake the 1.3300 figure. USD/CAD 30-minute chart USD bulls are trying to break above [...]
Thu, Jan 17, 2019
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
GBP/USD Exchange Rate Increases as May Instigates Cross-Party Talks The Pound US Dollar (GBP/USD) exchange rate is up today and is currently trading around $1.2917 on the inter-bank market. The Pound (GBP) gained on the US Dollar (USD) today after Prime Minister Theresa May emerged unscathed from last night's... [...]
Thu, Jan 17, 2019
Source: Currency news Category: LATEST NEWS