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Day: July 31, 2017
July 312017
Will Oil Trade Below $40 in 2017? Poll
Although crude oil does not pertain to the foreign exchange market, it is often traded by currency traders via CFDs provided by numerous retail Forex brokers. The last time WTI oil traded below $40 per barrel was on August 3, 2016, while the Brent crude reached that low back on April 8, 2016. Both commodity benchmarks are trading in a clear downtrend in 2017 as indicated by the regression […]
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July 312017
EUR/USD Rallies to New High
EUR/USD rallied to a new high today, reaching the strongest level since January 2015. Basically all economic reports released in the eurozone during the current trading session were good, reinforcing the view that the European Central Bank will be more hawkish going forward. Meanwhile, data released in the United States was mixed, adding to doubts that the Federal Reserve will continue aggressive monetary tightening. Chicago PMI dropped […]
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July 312017
Euro Gains as Unemployment Rate and Core Inflation Beat Estimates
The euro moved higher against the US dollar on Monday to begin the week on a positive note, following the release of surprisingly positive retail sales in Germany and higher than expected core inflation rate in the euro area. The shared currency had moderate gains against the British pound today, supported by a report that revealed a lower unemployment rate than forecasted last month. Annual inflation rate within the euro area remained unchanged in July […]
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July 312017
Euro Gains as Unemployment Rate and Core Inflation Beat Estimates
The euro moved higher against the US dollar on Monday to begin the week on a positive note, following the release of surprisingly positive retail sales in Germany and higher than expected core inflation rate in the euro area. The shared currency had moderate gains against the British pound today, supported by a report that revealed a lower unemployment rate than forecasted last month. Annual inflation rate within the euro area remained unchanged in July […]
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July 312017
Czech Koruna Falls as Experts Scale Back Rate Hike Expectations
The Czech koruna fell today as analysts scaled back expectations for an interest rate hike from the nation’s central bank. The Czech National Bank will conduct a policy meeting on Thursday. Previously, some experts were predicting the first interest rate hike from the bank in almost a decade. Yet now, forecasters believe that the bank may delay monetary tightening. USD/CZK rose 0.22% to 22.2336 as of 13:01 GMT today. If you have […]
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July 312017
Czech Koruna Falls as Experts Scale Back Rate Hike Expectations
The Czech koruna fell today as analysts scaled back expectations for an interest rate hike from the nation’s central bank. The Czech National Bank will conduct a policy meeting on Thursday. Previously, some experts were predicting the first interest rate hike from the bank in almost a decade. Yet now, forecasters believe that the bank may delay monetary tightening. USD/CZK rose 0.22% to 22.2336 as of 13:01 GMT today. If you have […]
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July 312017
Polish Zloty Slips After Inflation Data
The Polish zloty slipped against the US dollar today as analysts speculated that the central bank will not turn hawkish despite rising inflation. The political turmoil was not helping the currency either. Polish inflation rose 1.7% in June from the same month a year ago, a bit faster than 1.6% predicted by economists. Month-on-month, consumer prices fell 0.2%. The data did not look good enough for the National Bank […]
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July 312017
Polish Zloty Slips After Inflation Data
The Polish zloty slipped against the US dollar today as analysts speculated that the central bank will not turn hawkish despite rising inflation. The political turmoil was not helping the currency either. Polish inflation rose 1.7% in June from the same month a year ago, a bit faster than 1.6% predicted by economists. Month-on-month, consumer prices fell 0.2%. The data did not look good enough for the National Bank […]
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