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Day: March 27, 2019
March 272019
Pound Rallies Amid Rising Support for Mayâs Brexit Deal
The British pound today rallied higher against the US dollar in the European session amid growing support of Theresa May‘s Brexit deal among UK lawmakers. The GBP/USD currency pair today headed lower in the American session amid growing geopolitical fears, which caused the US dollar to rally as investors sought safety. The GBP/USD currency pair today rallied from a session low of 1.3166 to a high of 1.3248 before retracing some of its […]
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March 272019
Japanese Yen Rallies Amid Light Data Calendar
The Japanese yen is trading higher against its most-traded currency rivals on Wednesday. With very little data coming out, investors are looking for other national trends to see how to trade the yen in the short-term. The economy could potentially face additional pressure on pledges to raise the sales tax, which also comes as a survey of executives finds that they anticipate a downturn by the fall. Analysts are not anticipating data midweek, […]
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March 272019
Aussie Follows Kiwi in Decline
The Australian dollar followed its New Zealand counterpart in decline today. Market analysts speculated that the reason for that was the monetary policy statement of New Zealand’s central bank. The Reserve Bank of New Zealand shocked markets today, suggesting that the next move in interest rates will likely be a cut. Analysts argued that it increased pressure on the Reserve Bank of Australia to follow suit. Speculators were already pricing […]
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March 272019
RBNZ Turns Dovish, New Zealand Dollar Tanks
The Reserve Bank of New Zealand rocked markets today, demonstrating a clearly dovish bias. Unsurprisingly, the New Zealand dollar did not take it well, posting a huge decline against all other most-traded currencies. The RBNZ left its main interest rate at 1.75%, as was widely expected. What was not expected by many market participants was a clearly dovish stance of the central bank. Just recently, the RBNZ turned […]
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March 272019
EUR/USD Falls amid Concerns About Potential Global Economic Recession
EUR/USD declined today as market participants were concerned about global economic slowdown. Mario Draghi, President of the European Central Bank, talked during today’s speech about economic slowdown in the eurozone and said that “substantial accommodation is still needed”. Surprisingly, the EUR/USD pair actually climbed after the comments, though retreated afterwards. Reports released in the United States today were mixed, giving no clear picture about the state […]
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