investing forex
investing forex |
- Forex - Dollar Gains on U.S.-China Trade Deal Hopes - Investing.com
- Forex - Weekly Outlook: Feb. 25 - Mar. 1 By - Investing.com
- Forex - Pound Gains as May Considers Delay to Brexit Date - Investing.com
- Forex - US Dollar Steady After Disappointing Data By - Investing.com
| Forex - Dollar Gains on U.S.-China Trade Deal Hopes - Investing.com Posted: 04 Mar 2019 12:47 AM PST  © Reuters.Investing.com - The U.S. dollar edged higher in early European hours on Monday, on signs the United States and China were close to striking a deal to end a bitter year-long trade dispute. The reported on Sunday Washington could lift most or all of its tariffs on Beijing while a summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen later this month. That followed comments from Trump last week that he had asked China to immediately remove all tariffs on U.S. agricultural products because trade talks were progressing well. The , which measures the greenback's strength against a basket of six major currencies, was at 96.51 by 3:45AM ET (08:45 GMT), its best level since Feb. 22. Traders appeared to look past from President Trump, who said over the weekend that the Federal Reserve's tight monetary policy was contributing to a strong dollar and hurting the United States' competitiveness. "We have a gentleman that likes a very strong dollar at the Fed... I want a strong dollar, but I want a dollar that's great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations," he told his supporters in a speech. Against the Japanese yen, the dollar was a tad higher at 111.93 (), not far from Friday's 10-week peak of 112.07. The euro slumped 0.3% to $1.1336 (), the lowest since Feb. 25. Markets are keeping an eye on the European Central Bank's monetary policy meeting later this week for further hints on whether it plans to relaunch its Targeted Long-Term Refinancing Operation (TLTROs). Elsewhere, the British pound found support on easing fears that Britain will leave the European Union without a deal after Prime Minister Theresa May said last week lawmakers would get to vote on a delay to Brexit if they choose not to approve her withdrawal agreement. The pound rose 0.2% to $1.3238 (), inching toward its near eight-month high of $1.3351 hit last week. -- Reuters contributed to this report Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  |
| Forex - Weekly Outlook: Feb. 25 - Mar. 1 By - Investing.com Posted: 24 Feb 2019 03:43 AM PST  © Reuters.Investing.com - In what promises to be a jam packed week markets will be eyeing developments in U.S.-China trade talks ahead of Friday's looming deadline and will get an overdue update of the health of the world's largest economy with Thursday's report on U.S. fourth quarter growth. On Friday U.S. President Donald Trump said he was open to extending the March 1 deadline for hiking tariffs on $200 billion worth of Chinese goods to 25% as long as progress was being made in negotiations between the two sides. While the trade talks continue Trump is set to hold a second summit meeting with North Korean leader Kim Jong Un on Wednesday and Thursday in Hanoi. Data on U.S. fourth-quarter gross domestic product is due to be released on Thursday. The release of the report was delayed by the 35-day partial government shutdown. Figures on personal consumption expenditure, the Fed's preferred inflation gauge, are scheduled to be released on Friday. Other economic data releases of note this week include housing starts and building permits on Tuesday and consumer sentiment and manufacturing on Friday. The data will be closely watched after recent reports on durable goods, retail sales and existing home sales all disappointed. Testimony on the economic outlook and monetary policy plans by Fed Chair Jerome Powell on Tuesday and Wednesday will also be closely watched. Last week's minutes from the Fed's January meeting showed it saw downside risks to global growth increasing, and that it saw little risk from keeping interest rates on hold for now. The dollar dipped against a currency basket on Friday amid hopes that a trade deal between Washington and Beijing is getting closer. The ticked down to 96.405 late Friday. The index ended the week down 0.4% after gaining more than 1% the previous week, in an uneven performance following mixed U.S. economic data. "The market has moved back to a risk on-mode putting downward pressure on the dollar," said Alfonso Esparza, senior market analyst at OANDA in Toronto. "Stocks and commodities have moved up on dollar softness and the optimism that even if the March 1 deadline approaches it will not immediately trigger new tariffs," he added. The euro was flat against the dollar on Friday. Weak data since January has undermined support for the single currency, which last traded at 1.1341. The pound and the yen were also little changed against the greenback, with last at 1.3052 and at 110.68. , Investing.com has compiled a list of significant events likely to affect the markets. Monday, February 25 Bank of England Governor Mark Carney is to speak at an event in London. Fed Governor Richard Clarinda is to speak in Texas. Tuesday, February 26 BoE Governor Mark Carney and several other policymakers are to testify on inflation and the economic outlook before Parliament's Treasury Committee. The U.S. is to release data on building permits and housing starts as well as a report on consumer confidence. Fed Chair Jerome Powell is to testify on the semiannual monetary policy report before the Senate Banking Committee, in Washington. Wednesday, February 27 New Zealand is to publish trade figures. Canada is to release data on consumer price inflation. Fed Chair Jerome Powell is to testify on the central bank's monetary policy report for a second day Washington. The U.S. is also to produce data on pending home sales and factory orders. Thursday, February 28 New Zealand is to publish data on business confidence. Australia is to release figures on private capital expenditure. China is to produce figures on manufacturing and non-manufacturing data. Germany is to publish preliminary data on consumer price inflation. Canada is to report on raw material price inflation. The U.S. is to release an advance estimate of fourth quarter growth, along with the weekly report on jobless claims and data on business activity in the Chicago area. Fed Chair Jerome Powell is to speak at an event in New York. Friday, March 1 China is to publish its Caixin PMI. The euro area is to publish revised figures on manufacturing activity as well as preliminary data on consumer inflation and unemployment figures. The U.K. is to publish its manufacturing PMI. Canada is to report figures on GDP growth. The U.S. is to release data on personal income and spending along with the core PCE price index. The Institute of Supply Management is to round up the week with its manufacturing index. -- Reuters contributed to this report  |
| Forex - Pound Gains as May Considers Delay to Brexit Date - Investing.com Posted: 25 Feb 2019 08:44 PM PST  © Reuters.Investing.com - The British pound jumped to a four-week high on Tuesday in Asia following a Bloomberg report that said British Prime Minister Theresa May was considering delaying a deadline on Brexit. Citing people familiar with the situation, the report said May is expected to allow her cabinet to discuss extending the deadline beyond March 29 at meeting on Tuesday. The pound strengthened following the news as it gives more time to May to prepare a strategy to stop the U.K. leaving the European Union with no deal next month. was trading at 1.3138 by 11:27 PM ET (04:27 GMT), up 0.3%after hitting a four-week high of $1.3153 earlier in the day. Meanwhile, reports that U.S. President Donald Trump raised the prospect to sign a trade deal with China failed to lift the yuan, with gaining 0.2% to 6.6923. Trump said the two sides "are going to have a signing summit" and that they are "getting very very close," although he cautioned it is possible that the deal "might not happen at all." The People's Bank of China (PBOC) set the yuan reference rate at 6.6952 vs the previous day's fix of 6.7131. The yuan received some support on Monday following Trump's decision to extend a tariff deadline of Chinese goods. The that tracks the greenback against a basket of other currencies slipped 0.1% to 96.225. Separately, former Federal Reserve chairman Janet Yellen made headlines Monday when she said Trump does not understand the central bank. "I doubt that he would even be able to say that the Fed's goals are maximum employment and price stability, which is the goals that Congress have assigned to the Fed," she said in an interview with American Public Media's "Marketplace" program. "He's made comments about the Fed having an exchange rate objective in order to support his trade plans, or possibly targeting the U.S. balance of trade," she said. "Comments like that show a lack of understanding of the impact of the Fed on the economy, and appropriate policy goals." Looking ahead, traders will focus on a set of data due in the second half of the week for more hints on the health of the global economy, including manufacturing activity figures from China and the U.S. and revised U.S. fourth-quarter gross domestic product figures. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  |
| Forex - US Dollar Steady After Disappointing Data By - Investing.com Posted: 21 Feb 2019 07:30 AM PST  © Reuters.Investing.com - The greenback recovered from its sudden fall after disappointing economic data on Thursday raised concerns about the strength of the U.S. economy and supported the Federal Reserve's decision to hold rates steady for the foreseeable future. The , which measures the greenback's strength against a basket of six major currencies, fell to 96.239 after the data before recovering to 96.391 as of 10:30 AM ET (15:30 GMT). New orders for , excluding volatile items, fell unexpectedly in December, while business activity in the mid-Atlantic region declined to its weakest level since May 2016, according to the monthly survey. The data supports the Fed's decision to be patient with regards to interest rate hikes as it weighs growth headwinds, minutes released on Wednesday showed. Meanwhile, traders were also waiting for developments on U.S.-China trade, with the two countries reported to have outlined commitments in areas such as intellectual property rights, services, currency and agriculture barriers to trade. The dollar was down against the safe-haven yen, with falling 0.17% to 110.65. The yen is typically sought by investors as a safe haven during times of economic or market stress. Elsewhere, the euro pulled back from earlier highs, with up 0.08% to 1.1344 after the European Central Bank said that near-term growth is likely to be weaker than expected, according to minutes released from its January meeting. The pound was flat, with at 1.3048. In Australia, the slumped 1% to 0.7086 after Westpac bank predicted that the Reserve Bank of Australia would cut rates twice in 2019, while fell 0.6% to 0.6809. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  |
| You are subscribed to email updates from "investing forex" - Google News. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
Comments
Post a Comment