Day: July 6, 2016

July 6
2016

EUR/USD Bounces from Initial Decline

EUR/USD was moving lower during the current trading session, accelerating decline after the release of positive services data from the United States. Yet the currency pair has started a rebound shortly afterwards and continued to move higher after the release of the Federal Reserve policy minutes. Currently, EUR/USD is trading above the opening level. Trade balance deficit widened to $41.1 billion in May up from $37.4 billion in April. That […]

Read more
July 6
2016

Great Britain Pound Touches Fresh Multi-Year Lows

The Great Britain pound sank to new multi-year lows today as Britain’s decision to leave the European Union made investors shun the currency. While it looked like fears of the Brexit were subsiding, now it is evident that they are still present and drive markets. Yesterday, the Bank of England spoke about possible negative impact of the exit from the EU on the UK economy. Speculators price in an interest rate cut from […]

Read more
July 6
2016

Yen Rallies to New Multi-Year Highs vs. Dollar & Pound

The Japanese yen rallied today, reaching fresh multi-year highs against the US dollar and the Great Britain pound, as fears of the Brexit and its impact on the world economy made investors seek safer options. Fear has returned to markets, and it spurred demand for safe haven assets. The yen is traditionally considered to be one of them. The dollar is another one, but the negligible chances for an interest rate hike from the Federal Reserve […]

Read more