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Day: June 6, 2017
June 62017
GBP/USD Loses Ground to Test New Lows After Latest YouGov Poll
The GBP/USD currency pair today lost ground after the release of a new YouGov poll, which indicated that Theresa May‘s party might not get the necessary majority in the upcoming UK election. The currency pair began the day’s session on an upward trend before losing ground after the YouGov poll indicated that the Conservative Party would fall short of a majority by 22 seats. The currency pair lost over 70 points at the height […]
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June 62017
GBP/USD Loses Ground to Test New Lows After Latest YouGov Poll
The GBP/USD currency pair today lost ground after the release of a new YouGov poll, which indicated that Theresa May‘s party might not get the necessary majority in the upcoming UK election. The currency pair began the day’s session on an upward trend before losing ground after the YouGov poll indicated that the Conservative Party would fall short of a majority by 22 seats. The currency pair lost over 70 points at the height […]
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June 62017
US Dollar Retreats amid Higher Political Fears Ahead of James Comey Testimony
The US dollar moved lower against a basket of its major peers on Tuesday as geopolitical risks increased following a diplomatic rift between Arab states. Tradersâ anticipation for a parliamentary vote in the United Kingdom and a testimony by Federal Bureau of Investigation Director James Comey added to risk aversion mood in the market. Saudi Arabia moved in coordination with Bahrain, United Arab Emirates, and Egypt to end diplomatic ties with Qatar on accusations that the nation […]
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June 62017
US Dollar Retreats amid Higher Political Fears Ahead of James Comey Testimony
The US dollar moved lower against a basket of its major peers on Tuesday as geopolitical risks increased following a diplomatic rift between Arab states. Tradersâ anticipation for a parliamentary vote in the United Kingdom and a testimony by Federal Bureau of Investigation Director James Comey added to risk aversion mood in the market. Saudi Arabia moved in coordination with Bahrain, United Arab Emirates, and Egypt to end diplomatic ties with Qatar on accusations that the nation […]
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June 62017
Australian Dollar Gains After RBA Policy Meeting
The Australian dollar rallied today against its most-traded rivals (with the exception of the very strong Japanese yen) following the release of monetary policy statement from the Reserve Bank of Australia. The RBA left its main interest rate at 1.5%, exactly as market participants were expecting. RBA Governor Philip Lowe acknowledged the economic slowdown in the first quarter of this year but predicted the growth will resume in the future: Looking forward, economic […]
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June 62017
Australian Dollar Gains After RBA Policy Meeting
The Australian dollar rallied today against its most-traded rivals (with the exception of the very strong Japanese yen) following the release of monetary policy statement from the Reserve Bank of Australia. The RBA left its main interest rate at 1.5%, exactly as market participants were expecting. RBA Governor Philip Lowe acknowledged the economic slowdown in the first quarter of this year but predicted the growth will resume in the future: Looking forward, economic […]
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June 62017
Yen Thrives as Geopolitical Risks Strengthen
The Japanese yen surged today amid the risk-averse market sentiment, caused by various geopolitical problems across the world. The most recent event, which caused concerns for investors, was the rift between Qatar and several other Middle Eastern countries. The more pressing concern, though, was the departure of Great Britain from the European Union and worries and risks associated with it. But the most important issue, fueling the risk-off sentiment, was the upcoming […]
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June 62017
Yen Thrives as Geopolitical Risks Strengthen
The Japanese yen surged today amid the risk-averse market sentiment, caused by various geopolitical problems across the world. The most recent event, which caused concerns for investors, was the rift between Qatar and several other Middle Eastern countries. The more pressing concern, though, was the departure of Great Britain from the European Union and worries and risks associated with it. But the most important issue, fueling the risk-off sentiment, was the upcoming […]
Read more