Tag: fx

GBP/USD – British pound dips despite sharp retail sales

The British pound has posted losses in the Thursday session. In North American trade, GBP/USD is trading at 1.3328, down 0.36% on the day. On the release front, retail sales sparkled on both sides of the pond. British retail sales jumped 1.3%, crushing the estimate of 0.5%. In the U.S, core retail sales climbed 0.9%, […]

GBP/JPY – Bearish Breakout Ahead of Jobs Data and BoE

OANDA Senior Market Analyst Craig Erlam talks to Core Finance about the recent bearish break in GBPJPY and whether it signals more pain ahead. He also previews the UK jobs data and Bank of England inflation report hearing and what they could mean for interest rates this year. USD/JPY – Japanese Yen Edges Lower as […]

Gold Slips as US Dollar Selloff Hits the Breaks

Gold has started the week with losses. In North American trade, the spot price for an ounce of gold is $1341.32, down 0.62% on the day. On the release front, Personal Spending slowed to 0.4%, shy of the estimate of 0.6%. On Tuesday, the key indicator is CB Consumer Confidence and President Trump will deliver […]

Ringgit poised for further gains

OANDA Head of Trading for the Asia Pacific, Stephen Innes, anticipated the ringgit to maintain a gradual pace of appreciations next week, given the stronger comprehensive global growth outlook. “We should expect a test of 3.85 for the ringgit-US dollar if the weaker US dollar narrative re-emerges early next week. “Overall, the week comes to […]

Dollar Falls After Mixed Signals from Trump Administration

Disappointing US GDP and contradictory comments on currency strength at Davos burden dollar The USD depreciated against majors as soft Q4 GDP numbers on Friday and mixed comments on the desired strength and weakness of the currency made at the World Economic Forum in Davos put downward pressure on the greenback. The Trump administration is […]

USD/CAD – Canadian Dollar Higher, CPI Next

The Canadian dollar has posted gains in the Friday session. Currently, the pair is trading at 1.2310, down 0.53% on the day. On the release front, there are two key indicators, either of which could impact on USD/CAD. Canada releases CPI,which is expected to decline 0.3%. The US will publish Advance GDP, which is forecast to […]

Dollar Demise ?

he S&P/ASX 200 index declined 11 points, or 0.2 per cent, to 6043 while the All Ordinaries lost 10 points, or 0.2 per cent, to 6158. The Australian dollar was at US80.72¢ after US officials’ comments sent the greenback tumbling overnight. US Treasury Secretary Steven Mnuchin endorsed the US dollar’s decline as a benefit to […]

Dollar in the Dumps

US Commerce Secretary Wilbur Ross defended those tariffs and warned Washington would be prepared to fight back in future against countries it felt had flouted the rules. The dollar’s sell-off was also helped by investors betting on tighter monetary policies by major central banks, bringing them in line with the Federal Reserve. The dollar took […]

USD/JPY – Yen Gains Ground as BoJ Cautiously Optimistic

The Japanese yen has posted gains in the Tuesday session. Currently, USD/JPY is trading at 110.33, down 0.46% on the day. On the release front, the Bank of Japan maintained interest rates at -0.10% at its policy meeting. Later in the day, Japan releases Trade Balance and Manufacturing PMI. In the US, the sole event […]

US Dollar Vulnerable to Political Drama

Central banks and growth indicators to feature alongside Washington Turmoil The USD dollar remains weak versus most majors due to the downward pressure from the threat of a government shutdown. The House of representatives have passed a short term funding bill, but it faces an uphill battle in the Senate with the midnight deadline fast […]