Tag "usd"


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Weaker USD Boosts Gold

Weaker USD Boosts Gold
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🕔August 2, 2016

Gold prices reached an almost 1 month high on Tuesday, being positively affected by market anticipations that the Federal Reserve Bank will suppress any near future plans for monetary policy tightening as other central banks continue easing. Gold for December delivery closed at $1,372.60 a troy ounce which is around 1% higher on the Comex side of the New York Mercantile Exchange, since July 6, this is the highest settlement price.…

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The USD Stalls for Fundamental Releases

The USD Stalls for Fundamental Releases

🕔August 1, 2016

  • USD still in recovery
  • GBPUSD share the same plight

The Dow Jones FXCM USD Index shows the USD opening the new month with a slump as it entered into a near-term support range that was triggered by Friday’s GDP release, the GDP caused the index to break another support level.…

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Weekly Forecast for the Dollar

Weekly Forecast for the Dollar

🕔July 31, 2016

The USD last week closed lower proving to be last week’s weakest major currency as the US Q2 GDP data might have resulted in a drastically reduced chance of a September rate hike. The USD was not alone as the CAD followed a similar path through the week on the trail of weak crude prices falling to almost 41.38, strengthening the idea that a correlation exists between energy prices and the currency.…

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Prices fall as Bitcoin Holds Secret Meeting

Prices fall as Bitcoin Holds Secret Meeting

🕔July 31, 2016

After the soar to an almost $680 level against the USD the price of the Bitcoin then failed to climb further and eventually fell into its recent bearish momentum. Last week showed the BTCUSD trapped in an established range, with the pair at the end of the week moving down swiftly when more bitcoin bears joined the market.…

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USDJPY Anchored by BOJ Decision

USDJPY Anchored by BOJ Decision

🕔July 30, 2016

The USDJPY is expected to remain bearish in the weeks ahead on the trail of the Bank of Japan’s decision and in anticipation of the fiscal easing package.

Analysts from Danske Bank state that, “The Bank of Japan (BoJ) is increasing its purchases of ETFs but has kept the policy interest rate and bond purchase programme unchanged at -0.1% and JPY80trn, respectively.

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What to Expect as BoJ Meets on Friday

What to Expect as BoJ Meets on Friday
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🕔July 28, 2016

The USDJPY showed heightened momentum between the hours of 16 to 18:00 GMT as Wall Street Stocks began to find their footing surrounded by rumours about Friday’s Bank of Japan meeting. Analysts believe that the immense pressure mounted by the government will lead the BOJ prepare stimulus measures as Reuters states that the Minister of Finance has already prepared a statement in the event of the central bank announcement.…

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The Yen Fights Back

The Yen Fights Back

🕔July 26, 2016

  • Yen strengthens on the BoJ’s market disappointments

The Yen fought back in today’s session as it posted major gains with the USDJPY is currently trading at 104.30. Data released in Japan like the SPPI, a fundamental indicator that measures the corporate inflation, reported a small gain of 0.2%, which was well within analysts estimations.…

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Tokyo Stocks Pullback Weigh Heavy on the USD, Boost the Yen

Tokyo Stocks Pullback Weigh Heavy on the USD, Boost the Yen

🕔July 20, 2016

  • Stocks lose momentum in Tokyo as the yen strengthens
  • USD strength challenged

After being forcefully driven by a torrent of strong US economic data, we watched the USD settle at a 4-month high. The economic data backed by renewed hopes of a rate-hike led the dollar to a new historic high.…

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Uncertainty For EURUSD as ECB Meets on Thursday

Uncertainty For EURUSD as ECB Meets on Thursday
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🕔July 20, 2016

  • ECB meeting slows movements in the EURUSD
  • Negative sentiment trails EU countries 

The EURUSD now orbiting the 1.10 line, remaining unchanged following its losses on the Tuesday session.

Remarks made by the Bank of England’s monetary policy committee member Martin Weale led to a considerably solid rally in the GBP, stating that “the case for near term stimulus, specifically a rate cut, is far from clear cut at the moment.

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Is the USD unstoppable?

Is the USD unstoppable?
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🕔July 19, 2016

The USD continues to make reach new highs as it broke a new resistance level today. The dollar has been winning against major currencies with big moves of strength observed against the Great British Pounds, Australian and New Zealand Dollars.

The US dollar has maintained a fairly consistent range since the EU referendum, which shows in the recent upward sloping of the US dollars chart.…

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