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Day: January 12, 2017
January 122017
British Pound Falls as Traders Anticipate Theresa May’s Speech
The British pound moved lower on Thursday on increased concerns about a speech British Prime Minister Theresa May will give next week. Traders worried that Mayâs speech, which was announced today, will suggest a hard Brexit for the United Kingdom. The scheduled speech comes after May said earlier this week that the UK would not keep bits of its membership in the European Union once it leaves […]
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January 122017
British Pound Falls as Traders Anticipate Theresa May’s Speech
The British pound moved lower on Thursday on increased concerns about a speech British Prime Minister Theresa May will give next week. Traders worried that Mayâs speech, which was announced today, will suggest a hard Brexit for the United Kingdom. The scheduled speech comes after May said earlier this week that the UK would not keep bits of its membership in the European Union once it leaves […]
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January 122017
EUR/USD Rallies for Second Day Following Donald Trump’s Press Conference
EUR/USD rose today, though trimmed its gains by now. It was the second day of gains after US president-elect Donald Trump spoke at the press conference on Wednesday. Markets were disappointed by the fact that he did not address his planned fiscal policies. As for US economic data, it was mixed. Initial jobless claims went up from 237k to 247k last week, though the increase was not […]
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January 122017
US Dollar Looks to Fed Speakers for Support After Trump Speech Sours Investor Confidence
The US dollar continued to perform poorly a day after Donald Trump‘s speech as Investors expect Fed speakers to give direction regarding future fiscal policies. There was widespread selling pressure on the greenback as investors demonstrated their loss of confidence in Trump given that he did not outline the specific policies that he will pursue. The greenback lost more ground today against major currencies such as the Japanese yen, the euro, […]
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January 122017
US Dollar Looks to Fed Speakers for Support After Trump Speech Sours Investor Confidence
The US dollar continued to perform poorly a day after Donald Trump‘s speech as Investors expect Fed speakers to give direction regarding future fiscal policies. There was widespread selling pressure on the greenback as investors demonstrated their loss of confidence in Trump given that he did not outline the specific policies that he will pursue. The greenback lost more ground today against major currencies such as the Japanese yen, the euro, […]
Read more
January 122017
Turkish Lira Logs Strong Gains vs. Dollar, Analysts Remain Bearish
Currencies of emerging markets were rallying against the US dollar during the Thursday’s trading session, and the Turkish lira joined the parade. Yet analysts remained largely bearish on the Turkish currency. Yesterday’s press-conference of Donald Trump sent the dollar lower, allowing other currencies to log gains, and the lira was not an exception. Yet experts believe that economic problems, political tensions, rising inflation, and terrorist threat keep the outlook for the currency extremely […]
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January 122017
Turkish Lira Logs Strong Gains vs. Dollar, Analysts Remain Bearish
Currencies of emerging markets were rallying against the US dollar during the Thursday’s trading session, and the Turkish lira joined the parade. Yet analysts remained largely bearish on the Turkish currency. Yesterday’s press-conference of Donald Trump sent the dollar lower, allowing other currencies to log gains, and the lira was not an exception. Yet experts believe that economic problems, political tensions, rising inflation, and terrorist threat keep the outlook for the currency extremely […]
Read more
January 122017
Brazilian Real Gains on US Dollar Despite Monetary Easing
The Brazilian real, like most other currencies, rallied against the US dollar today despite monetary easing from Brazil’s central bank. The Central Bank of Brazil cut its main interest rate to 13% at its January meeting. The 75 basis points cut was bigger than the average market expectation of a 50 points reduction. Yet that did not push the real lower versus the dollar as the impact of Donald Trump’s […]
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January 122017
Brazilian Real Gains on US Dollar Despite Monetary Easing
The Brazilian real, like most other currencies, rallied against the US dollar today despite monetary easing from Brazil’s central bank. The Central Bank of Brazil cut its main interest rate to 13% at its January meeting. The 75 basis points cut was bigger than the average market expectation of a 50 points reduction. Yet that did not push the real lower versus the dollar as the impact of Donald Trump’s […]
Read more