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The US dollar is starting the New York session with tiny losses across the board in an uneventful overnight session. AUDUSD and NZDUSD inched higher, supported by a bit of a bounce in oil prices. NZDUSD is still receiving help from RBNZ’s non-doveish stance. Nevertheless, NZDUSD is still lower than it was on Monday in... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) rallied against the majority of its peers this morning following an EU summit dinner yesterday evening. After the dinner May outlined her plans to allow 3m EU citizens to remain living in the UK after Brexit, with German Chancellor Angela Merkel calling her plans a ‘good start’. Expat... View article >
Euro was down -0.15% against the United States Dollar, down -0.27% against the British Pound Sterling, down -0.24% against the Swiss Franc, even against the Australian Dollar, down -0.89% against the Canadian Dollar and even against the Indian Rupee. EUR 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month EUR cross rate... View article >
It has not been a stellar week for top tier economic data in Europe or the US. Traders are left scouring headlines and charts for something to justify their trades. They found it in oil, “Texas tea,” black gold”. However, they didn’t load up the truck and move to Beverley; Hills that is; swimming pools... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) rallied against most of its peer’s midday on Wednesday as Bank of England chief economist Andy Haldane revealed he was close to voting for a rate hike in last week’s monetary policy committee meeting. While Sterling’s rally was short lived against some of the majors, the news... View article >
Euro was up 0.3% against the United States Dollar, even against the British Pound Sterling, even against the Swiss Franc, up 0.6% against the Australian Dollar, up 0.7% against the Canadian Dollar and up 0.33% against the Indian Rupee. EUR 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month EUR cross rate... View article >
Oil spills are messy and this latest bout of WTI price declines is no different. The 5.3 percent fall in WTI prices between Monday and Tuesday, talk of a “bear” market and rampant scepticism that Opec production cuts can offset rising production elsewhere are behind the move. Tuesday’s, end of day, API Weekly Crude stocks... View article >
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