GBPUSD fell to a close to four-month low and is currently trading below 1.28. It seems that the pressure on the Prime Minister Theresa May did give its ‘fruits’ - according to British media reports, the politician announced that she would resign next month, immediately after the last vote on the EU deal with Brexit. On the eve, the pair GBPUSD fell by 0.4% to 1.2790, immediately after it became known about the likely resignation of May. According to British media reports, the Prime Minister will not wait for the next parliamentary...
Here are the key factors to keep in mind today for US Dollar trades: US Housing Starts and Building Permits: US Housing Starts for April are predicted to increase by 6.2% monthly to 1,209K starts and Building Permits are predicted to increase by 1.4% monthly to 1,287K permits. Forex traders can compare this to US Housing Starts for March which decreased by 0.3% monthly to 1,139K starts and to Building Permits which decreased by 1.7% monthly to 1,269K permits. US Philadelphia Fed Business Outlook: The Philadelphia Fed Business Outlook for...
The EURUSD pair is losing ground for the second day in a row, mainly due to the threat of Italy to break EU fiscal rules. Matteo Salvini, the leader of the right-wing League of Italy party, said that the government could soon increase its debt level, disregarding EU rules providing for a debt size not exceeding 3%. Such a violation of EU fiscal rules can put a lot of pressure on the single European currency. Yesterday EURUSD touched the low point of the day near the 1.1180 levels. At the moment, the pair is trading with a slight increase,...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for May increased by 3.3% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for April which increased by 3.9% annualized. Chinese New Home Prices: Chinese New Home Prices for April increased by 0.62% monthly. Forex traders can compare this to Chinese New Home Prices for March which increased by 0.60% monthly. Australian Employment Report:...
Here are the key factors to keep in mind today for Euro trades: German GDP: The Preliminary German GDP for the first-quarter increased by 0.4% quarterly and by 0.6% annualized. Economists predicted an increase of 0.4% quarterly and of 0.7% annualized. Forex traders can compare this to the German GDP report for the fourth-quarter which was reported flat at 0.0% quarterly and which increased by 0.9% annualized. French CPI: The French CPI for April increased by 0.3% monthly and by 1.3% annualized. Economists predicted an increase of 0.2%...
