The US currency on Wednesday morning settled next to the monthly maximum of the major competitor currencies amid rising US government bond yields and a weakening British pound amid ongoing uncertainty around Brexit. The US dollar index this morning was near the level of 97.397 after rising to 97.545 during yesterday's trading. According to British analysts, the weakening of the pound also contributed to the increase in the dollar, which at the beginning of the week plummeted as British Prime Minister Theresa May delayed the vote on the...
Here are the key factors to keep in mind today for Gold trades: Australian Westpac Consumer Confidence: Australian Westpac Consumer Confidence for December increased by 0.1% monthly to 104.4. Forex traders can compare this to Australian Westpac Consumer Confidence for November which increased by 2.8% to 104.3. Japanese Domestic Corporate Goods Price Index: The Japanese Domestic Corporate Goods Price Index for November decreased by 0.3% monthly and increased by 2.3% annualized. Economists predicted a decrease of 0.1% monthly and an increase...
GBP recovered some ground on Tuesday from the 20-month lows it hit after British Prime Minister Theresa May called off her Brexit vote, as dollar weakness encouraged some traders to buy the pound. May’s decision on Monday initially sent the pound tumbling 2-1/2 cents towards $1.25, its lowest level since April 2017, before it recouped some losses - though the moves were exaggerated in thin trade. GBP has been struggling to equilibrate between the heightened probability of either no deal or no Brexit with the odds of both increasing on Monday...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of December 9th was reported at 117.7. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of December 2nd which was reported at 119.5. Australian NAB Business Conditions and Australian NAB Business Confidence: Australian NAB Business Conditions for November were reported...
Here are the key factors to keep in mind today for British Pound trades: UK Trade Balance: The UK Visible Trade Balance for October is predicted at -£10.500B. Forex traders can compare this to the UK Visible Trade Balance for September which was reported at -£9.731B. The UK Trade Balance Non EU for October is predicted at -£3.200B. Forex traders can compare this to the UK Trade Balance Non EU for September which was reported at -£2.343B. The UK Total Trade Balance for October is predicted at -£1.267B. Forex traders can compare this to the...
