Day: June 19, 2017

June 19
2017

British Pound Retreats Against Major Counterparts as Brexit Talks Start

The British pound declined against most of other major currencies on Monday to begin the week on a negative note following the commencement of the Brexit negotiations. The British currency came under more pressure versus the US dollar after a Federal Reserve official offered a hawkish outlook for US interest rates. Secretary of State for Exiting the European Union David Davis met European Chief Negotiator for Brexit Michel Barnier in Brussels, Belgium today to start the formal […]

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June 19
2017

British Pound Retreats Against Major Counterparts as Brexit Talks Start

The British pound declined against most of other major currencies on Monday to begin the week on a negative note following the commencement of the Brexit negotiations. The British currency came under more pressure versus the US dollar after a Federal Reserve official offered a hawkish outlook for US interest rates. Secretary of State for Exiting the European Union David Davis met European Chief Negotiator for Brexit Michel Barnier in Brussels, Belgium today to start the formal […]

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June 19
2017

Trading High-Risk Events in Forex

Considering the polling results of the traders after the last year’s Brexit market chaos and the 2015 Greek referendum, the majority of the retail market participants managed to either benefit from the big moves caused by these scheduled yet dangerous events or at least not to get burnt by them. That seems to be an interesting statistics, considering how far the online brokers go these days to reduce the customers’ exposure to the markets during the periods of voting, elections, […]

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June 19
2017

US Dollar Gains Against Euro After Upbeat Comments from Fed’s Dudley

The EUR/USD today hit new lows after upbeat comments from the New York Fed’s William Dudley during the North American session reignited buying interest in the US dollar. The currency pair was consolidating in a tight trading range for most of today’s session, but Dudley’s comments caused the US dollar to gain against the euro. Dudley’s comments caused the currency pair to break out of its tight range and lose over 40 […]

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June 19
2017

US Dollar Gains Against Euro After Upbeat Comments from Fed’s Dudley

The EUR/USD today hit new lows after upbeat comments from the New York Fed’s William Dudley during the North American session reignited buying interest in the US dollar. The currency pair was consolidating in a tight trading range for most of today’s session, but Dudley’s comments caused the US dollar to gain against the euro. Dudley’s comments caused the currency pair to break out of its tight range and lose over 40 […]

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June 19
2017

Australian Dollar Mixed After Lowe’s Speech and Moody’s Downgrade

The Australian dollar was mixed after the speech of Phillip Lowe, Reserve Bank of Australia Governor, and as Moody’s Investors Service downgraded credit ratings of several Australian Banks. The Aussie fell against such majors like the US dollar and the Swiss franc, but was flat versus the euro and gained on the weak yen. Lowe mentioned some negative factors in his speech, saying that “growth in wages is unusually low.” Yet overall, […]

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June 19
2017

Australian Dollar Mixed After Lowe’s Speech and Moody’s Downgrade

The Australian dollar was mixed after the speech of Phillip Lowe, Reserve Bank of Australia Governor, and as Moody’s Investors Service downgraded credit ratings of several Australian Banks. The Aussie fell against such majors like the US dollar and the Swiss franc, but was flat versus the euro and gained on the weak yen. Lowe mentioned some negative factors in his speech, saying that “growth in wages is unusually low.” Yet overall, […]

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June 19
2017

Japanese Yen Falls as Trade Balance Misses

The Japanese yen fell today after the nation’s trade balance missed expectations. Japan’s trade balance posted a surplus of â€Ž¥â€Ž0.13 trillion yen in May. It was a drop from ¥â€Ž0.16 trillion in April, while analysts predicted an increase to â€Ž¥â€Ž0.35 trillion. The annual growth of exports was actually the fastest since 2015, but it was still below expectations. USD/JPY rallied from 110.88 to 111.24 as of 13:22 GMT today. CHF/JPY […]

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June 19
2017

Japanese Yen Falls as Trade Balance Misses

The Japanese yen fell today after the nation’s trade balance missed expectations. Japan’s trade balance posted a surplus of â€Ž¥â€Ž0.13 trillion yen in May. It was a drop from ¥â€Ž0.16 trillion in April, while analysts predicted an increase to â€Ž¥â€Ž0.35 trillion. The annual growth of exports was actually the fastest since 2015, but it was still below expectations. USD/JPY rallied from 110.88 to 111.24 as of 13:22 GMT today. CHF/JPY […]

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