All Articles Tagged - IT40

US Open Preview – Pound finds support as UK unemployment rate declines; Australian wage growth in focus

Posted on August 14, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against six major currencies, declined by 0.13%, while dollar/yen inched up by 0.23%, trading near the 111.00 psychological level. Euro/dollar started the day in the green but quickly dropped its gains and is down by 0.07% on the day despite an unexpected upward revision in Eurozone Q2 GDP growth estimates. Pound/dollar managed to rebound after the UK’s unemployment rate surprisingly fell to 4.0%, while analysts anticipated the rate to stand [..]

US Open Preview – Euro holds at 13-month lows despite Turkish central bank measures; Chinese industrial production in focus

Posted on August 13, 2018 at 11:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was little changed on Monday (+0.07%), while dollar/yen headed lower by 0.50%, completing a six-week low at 110.10 as political tensions between the US and Turkey enhanced interest for safer assets. Euro/dollar remained negative, last seen at 1.1385 (-0.23%) after it opened with a gap down today following Friday’s strong sell-off. The pair posted a 13-month trough as a slide in the Turkish lira sparked fears that Turkish borrowers could fail to submit loan payments [..]

US Open Preview – Euro struggles at 1-year lows amid political noise; US CPI inflation next in focus

Posted on August 10, 2018 at 11:32 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against a basket of six major currencies, headed higher by 0.55% on Friday, while dollar/yen fell by 0.08% below the 111.00 handle as demand for safe havens and upbeat Japanese flash Q2 GDP growth figures provided support to the yen. The euro dropped to the weakest level in a year, probably on the ECB’s concerns that the plunge in the Turkish lira could expose Eurozone [..]

US Open Preview – Sterling plunges amid worries of no Brexit deal; RBNZ rate announcement pending

Posted on August 8, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar weakened by 0.27% versus the Japanese yen on Wednesday, with dollar/yen trading near 111.00, while the US dollar index, which gauges the greenback’s strength against a basket of six major currencies, held near its opening level. Euro/dollar returned to 1.1600 (+0.03%) after reaching an intraday high of 1.1628, while euro/yen dived by 0.38%. Moving to the UK, a no-deal Brexit scenario has been growing in investors’ minds, as less than eight months remain for the UK to leave the EU, and there are still [..]

US Open Preview – Pound, euro up as dollar reverses lower; BoJ summary of opinions in focus

Posted on August 7, 2018 at 11:58 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, eased by 0.26% today, after it came close to the more than 1-year high of 95.652 on Monday. Dollar/yen retreated as well by 0.20%, while euro/dollar picked up speed, trading near 1.1600 (+0.30%). Also, pound/dollar recovered some ground (+0.18%) after falling to an 11-month low overnight on worries about a no-deal UK exit from the European Union. A Bloomberg [..]

US Open Preview – Dollar in quiet trade ahead of Nonfarm payrolls

Posted on August 3, 2018 at 11:10 am GMT

Here are the latest developments in global markets: FOREX: Ahead of the all-important Nonfarm payrolls the dollar index, which gauges the greenback’s strength versus six major currencies hit a fresh two-week high of 95.36 early on Friday before it fell back to 95.24 (+0.08%). Dollar/yen was trading 0.05% higher on the day around 111.70, and is set to complete a green day after two consecutive negative sessions. Turning to the euro area, retail sales grew less than expected in June and July’s final services PMI readings [..]

US Open Preview – Pound under pressure ahead of BoE rate decision

Posted on August 2, 2018 at 10:55 am GMT

Here the latest developments in global markets: FOREX: The US dollar index, which measures the greenback against a basket of six currencies, advanced by 0.39% and touched a two-week high near 95.00 on Thursday. Dollar/yen was weaker on Thursday at 111.49 (-0.20%) despite the Fed reiterating that US economic growth has been rising strongly and the job market has continued to strengthen. Yesterday, the 10-year Japanese government bond yield reached a fresh one-and-a-half-year high, following the Bank of Japan’s decision to allow more flexibility in yield [..]

US Open Preview – Pound touches 10-month low after UK inflation misses forecasts; dollar unlocks fresh highs

Posted on July 18, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar extended its bullish rally against the Japanese yen towards a fresh 6-month high of 113.13, adding 0.08% to its performance on Wednesday. Markets reacted positively after the Fed Chair, Jerome Powell, gave a bullish assessment of the US economy, reducing their exposure to safer assets such as the yen. Also, the US dollar index gained 0.33% and surpassed the 95.00 handle. Sterling plummeted to 10-month lows (-0.61%) today, pausing at 1.3000 after the UK’s [..]

US Open Preview – Dollar firmer versus yen ahead of Powell’s testimony

Posted on July 17, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was trading higher at 112.48 against the Japanese yen (+0.20%) ahead of the Federal Reserve Chairman Jerome Powell’s semi-annual testimony on the economy and monetary policy. Overall, the dollar index was weaker against a basket of six major currencies (-0.03%) and is set to post the third consecutive negative day. Pound/dollar touched a session high of 1.3267 after the Office for National Statistics revised April’s average earnings index (including bonuses) from [..]

US Open Preview – Dollar up, gold & yen down despite trade fears; BoC rate decision pending

Posted on July 11, 2018 at 12:06 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar continued its positive move (+0.23%) versus the Japanese yen on Wednesday and is set to post the third consecutive bullish day, while the US dollar index rose by 0.29%. Pound/dollar edged down by 0.25%, whilst euro/dollar dived by 0.35% to trade near the 1.1700 psychological level. Commodity-linked currencies headed lower after Trump’s administration warned China with further tariff measures targeting $200 billion products imported from the country. Aussie/dollar tumbled by 0.91% [..]

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