By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar rose on Wednesday, restarting its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve’s plans for interest rates and U.S. President-elect Donald Trump’s proposed policies. Safe-haven currencies such as the Japanese yen, Swiss franc and the greenback saw a […]
GBP/NZD channels down during November and reaches support at the 50-day SMA. This could be a turning point for the pair and lead to a breakout and continuation of the trend higher. GBP/NZD has been correcting back in a mini channel during November after peaking at the October 30 high. It has now reached support […]
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The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The was trading 0.2% lower at C$1.3985 to the greenback, or 71.51 U.S. cents, after trading in a range of 1.3951 to 1.3999. Canadian government yields rose 4.2 basis points to 3.377%. The yield on similar U.S. government […]
The main events by the morning: November 20 Source link
Investing.com – Some of the post-election moves in the US dollar have already been partially reversed, and UBS looks for more of a consolidation at these levels rather than an even higher greenback in the near-term. At 06:15 ET (11:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]
That’s a bit problematic for the ECB as pay growth is seen accelerating once again. That is unlikely to put off a December rate cut though as the wages data here hasn’t really translated to any significant reacceleration in consumer prices. So, the hope for policymakers is that wage pressures should fade going into next […]
EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]
Most traders will agree that there are few things more enjoyable than riding a steady up trend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true in trading which is why it is essential to understand when a move to the downside […]
Investing.com– Most Asian currencies moved in a tight range on Wednesday with the yuan treading water after China left benchmark rates unchanged, while the dollar steadied from recent losses. Regional markets saw a dearth of major cues this week, as traders mostly held back on big bets in anticipation of more cues on what a […]
UK core CPI year-on-year (%) The September report here was encouraging but all it did was help to reaffirm a 25 bps rate cut earlier this month. The BOE will next meet on 19 December and there will be two inflation reports between now and then. The first of which will be today and the […]
USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank’s FX analysts Molly Schwartz and Christian Lawrence note. USD/CAD likely to reach 1.46 next year “That said, given two main drivers we outline below, we now expect further extension […]
