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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Philippines’ central bank decided to maintain its key interest rate at a record low, as widely expected, on Thursday. The monetary board of Bangko Sentral ng Pilipinas, governed by Nestor Espenilla, held the overnight reverse repurchase facility… The post Philippine Central Bank Keeps Rates On Hold appeared first on forex-4you.com, الفوركس بالنسبة لك. http://forex-4you.com/2017/11/09/philippine-central-bank-keeps-rates-on-hold/