Business is booming.
Browsing Category

Forex

Johnson Says U.K. ‘Not Out of the Woods’ as Pubs Prepare to Open

© Bloomberg. An employee cleans tables divided by a perspex screen at The Mossy Well pub, operated by J D Wetherspoons Plc, in this arranged photograph in London, U.K., on Wednesday, June 24, 2020. Hotels, pubs, restaurants and cinemas will be able to open their doors from July 4, U.K. Prime Minister said as he gave the green light for England's beleaguered tourism and hospitality industry to restart. (Bloomberg) -- Prime Minister Boris Johnson on Friday will tell Britons to act…

Dollar in narrow range as U.S. virus cases grow

© Reuters. By Stanley White TOKYO (Reuters) - The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The yuan was stable in offshore trade before data on China's services sector, but investors may avoid taking big positions due to worries about diplomatic friction between Washington and Beijing over civil liberties in Hong Kong.…

Getting Ready for June US NFP

Forecasters were caught off guard (the polite way of saying their prediction was way off) by the sudden increase in job creation in May. Now, they have switched to being optimistic about the release on Thursday. They are now projecting millions of new jobs being added for this month. But, is that an overcorrection? As pointed out last time, there was a high chance of a significant beat of expectations, because, during May, businesses were reopening. That means they were calling back furloughed workers who were being counted…

EURUSD Retreats on Double Zigzag?

The current EURUSD structure suggests that we are on a bullish impulse in wave (C). The 5-wave formation consists of minor sub-waves 1-2-3-4-5. Waves 1-2 and 3 are fully completed, whereas wave 4 completed two parts of its double zigzag ⓦ-ⓧ-ⓨ pattern. In the midst of wave ⓨ, we could see a minuette impulse in wave (c) completing the correction near 1.108. At that level, wave 4 will be at 61.8% of impulse 3. Then, prices are expected to rise in minor wave 5 above the previous high…

Dolar słabnie przed protokołem FOMC

Poniższy wykres przedstawia notowania pary walutowej EURUSD na interwale godzinowym. Patrząc na ostatnie sesje rynek porusza się w łagodnym trendzie wzrostowym, który zapoczątkowany został podczas sesji 23 czerwca. Zwrot notowań nastąpił na dość znaczącym poziomie cenowym, gdyż pojawił się tam okrągły poziom 1,1400. Patrząc na cały zakres notowań z ostatnich dni, uwagę zwraca silna strefa biegunowości, która została ukształtowana przez kupujących i sprzedających. Rynek kilkukrotnie testował i wybijał…

Elections Are Good for the Dollar. Especially When Democrats Win

© Reuters. Elections Are Good for the Dollar. Especially When Democrats Win (Bloomberg) -- For all the forecasts about dollar weakness, history shows that the greenback is poised to appreciate after November’s presidential election -- regardless of who wins. The dollar strengthened in the 100 trading days after nine of the past 10 elections from 1980 to 2016, according to Richard Falkenhall, a senior foreign-exchange strategist at SEB AB in Stockholm. The currency…

Euro Is Riding a Wave of Confidence on Europe Pandemic Response

© Reuters. Euro Is Riding a Wave of Confidence on Europe Pandemic Response (Bloomberg) -- The euro’s best rally in more than two years looks set to extend, with a host of market metrics reflecting growing confidence in Europe’s pandemic response. The currency completed its biggest two-month advance against the dollar and a trade-weighted index of its strength rose for a third quarter. At the same time, options are relaying optimism on multiple fronts -- signaling gains…

Dollar on defensive as upbeat data dulls safe-haven appeal

© Reuters. Illustration photo of a U.S. Dollar note By Hideyuki Sano TOKYO (Reuters) - The dollar was on the defensive against more growth-sensitive currencies on Thursday, following upbeat U.S. and European economic data but renewed worries about the coronavirus blunted more aggressive risk taking. The market sentiment gained an additional boost from the news that a COVID-19 vaccine developed by German biotech firm BioNTech (O:) and U.S. pharmaceutical giant Pfizer…

Cable Claws Back Losses as BoE’s Haldane Touts V-Shape Recovery

© Reuters. By Yasin Ebrahim Investing.com – The pound surged against the dollar after clawing back early-day losses Tuesday, as the Bank of England suggested that the U.K. was on track for a stronger than expected rebound following its worst slump in more than 40 years in the first quarter. rose 0.74%, to $1.2385. U.K. gross domestic product declined 2.2% in the first quarter of 2020, its worst slump since 1979. The Bank of England chief economist Andy…

Brazil’s Guedes says government to make two more payments of 600 reais to informal workers

© Reuters. Brazil's Economy Minister Paulo Guedes adjusts his protective face mask before the inauguration ceremony of the new Communications Minister Fabio Faria (not pictured) at the Planalto Palace, in Brasilia BRASILIA (Reuters) - Brazil's economy minister Paulo Guedes said on Tuesday that the government will officially extend a 600-real per month emergency aid to informal workers for two more months, but payment will be made in installments to cover a longer period.…