Day: June 25, 2019

June 25
2019

Pound Rallies on USD Weakness, Falls on Boris Johnson’s Remarks

The British pound today rallied to its daily highs early in the session driven largely by US dollar weakness as investors expect the Fed to announce its rate cut plans. However, the GBP/USD currency pair quickly dropped following comments by Boris Johnson regarding the October 31st Brexit deadline. The GBP/USD currency pair today rallied to a daily high of 1.2784 before dropping to a low of 1.2710 in the American session and trading near these lows […]

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June 25
2019

EUR/USD Declines Despite Poor US Macroeconomic Data

EUR/USD declined today, though trimmed losses by the end of the trading session. The currency pair fell even as most US macroeconomic indicators released on Tuesday were disappointing. S&P/Case-Shiller home price index rose 2.5% in April, year-over-year, in line with expectations. The index was up 2.6% the month before. Month-on-month, the indicator rose 0.8%. (Event A on the chart.) Richmond Fed manufacturing index fell from 7 in May to 3 in June instead […]

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June 25
2019

Japanese Yen Strengthens on Leading Economic Index, Easing Signals

The Japanese yen is strengthening on Tuesday after new economic indexes climbed in April. This comes soon after the central bank signaled that it is willing to ease monetary policy if the economy warrants stimulus. Investors should also get a glimpse into the upcoming US-Japan trade negotiations as officials will meet with American trade representatives. In April, the Cabinet Office’s coincident index inched higher to 102.1, up […]

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June 25
2019

NZ Dollar Rallies as Exports Reach Record Levels

The New Zealand dollar rallied against other most-traded currencies today after nation’s trade data showed extremely positive results. Statistics New Zealand reported that the trade balance logged a surplus of NZ$264 million — a smaller excess than NZ$383 million logged in April, but bigger than NZ$200 million predicted by analysts. Both exports and imports rose, by 8.5% and 7.6% respectively. Furthermore, exports reached the NZ$5.8 billion level — […]

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