Forex – U.S. Dollar Flat Ahead of Inflation Data, Trade Deal Signing in Focus

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Investing.com – The U.S. dollar was flat on Monday in Asia ahead of the release of the latest inflation data. The potential signing of the phase one trade deal later this week is also in focus.

The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 97.078 by 11:35 PM ET (03:35 GMT), unchanged from yesterday’s close.

The latest U.S. inflation figures, due on Tuesday, are expected to remain broadly in line with the 2% inflation target, while retail sales numbers from the holiday season will also be closely watched.

A number of Federal Reserve officials will also speak this week. Boston Fed President Eric Rosengren and Atlanta Fed head Raphael Bostic will both discuss the economic outlook in appearances on Monday. Kansas City Fed President Esther George is due to deliver remarks on Tuesday, while Patrick Harker of the Philadelphia Fed and Robert Kaplan of the Dallas Fed are both due to make appearances on Wednesday.

The pair dropped 0.2% to 1.3036. Figures on fourth-quarter growth, trade, industrial output, retail sales and inflation all due to be released this week. The data will be closely watched after Bank of England Governor Mark Carney last week promised a “relatively prompt response” if economic weakness persists.

On the Brexit front, the U.K. is due to leave the EU on Jan. 31. It is uncertain whether 11 months will be enough to reach a deal. EU chief Ursula von der Leyen has earlier warned that a comprehensive U.K.-EU trade deal is “impossible” by the 2020 deadline.

“We will go as far as we can, but the truth is that our partnership cannot and will not be the same as before and it cannot and will not be as close as before because with every choice comes a consequences with every decision comes a trade off,” she said earlier this month.

The pair and the pair both rose 0.2%.

The safe-haven yen retreated as Asian equities traded higher today. The pair slid 0.2% to 109.62.

The pair lost 0.2% to 6.9004. China’s GDP data is due later this week.

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Forex: Dollar Flat as Weaker Jobs Report Should Keep Fed Sidelined

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Investing.com – The U.S. dollar was flat on Friday as data showing the U.S. economy created fewer-than-expected jobs in December did little to suggest the Federal Reserve needs to move off the sidelines.

The , which measures the green against a trade-weighted basket of six major currencies, fell by 0.07% to 97.09.

The U.S. created jobs last month, undershooting economists’ forecast of 164,000.

The remained unchanged at 3.5%, but wage growth slowed to a pace of 0.1% last month, missing expectations of 0.3%.

Following the weaker-than-expected jobs report, BMO said there was little reason for the Fed to move from the sidelines as the trend of steady job growth, low joblessness and still-subdued wage inflation continued.

and , meanwhile, were also largely flat falling, 0.07% and rising 0.13% respectively.

Cable took a drubbing earlier this week and remains under pressure after Bank of England hinted at more monetary stimulus.

“We estimate that a Bank of England-prompted 50-basis-point widening in the one-year/one-year rate differential might knock 180 pips off cable,” ING said in a note.

was unchanged at C$ 1.305 as a firmer from Canada eased concerns about the labor market following November’s, underpinning the loonie.

The Canada jobs report trimmed expectations that the Bank of Canada will cut this year, but RBC said it believes the central bank will still be forced to act to support the economy.

“These were the jobs numbers we were all hoping for following November’s ugly employment report,” RBC said. “But these numbers on their own won’t necessarily keep the Bank of Canada on the sidelines.”

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.

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US equities finish flat on Friday

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Forex – U.S. Dollar Flat as Trade Talks Prolonged 

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Investing.com – The U.S. dollar remained tepid on Tuesday with traders reluctant to make moves as U.S.-China trade talks dragged on.

The Chinese Ministry of Commerce said in a statement that the two countries had “reached consensus on properly resolving relevant issues” during a phone call Tuesday morning Beijing time, but did not provide any further details. The call was later confirmed by U.S. officials. But they also said that obstacles still remain.

Data from the Commerce Department showed that the goods trade deficit fell sharply in October due to reduced trade flows from the White House’s toughened stance on trade with China.

The , which measures the greenback’s strength against a basket of six major currencies, was steady at 98.230 as of 10:40 AM ET (15:40 GMT). The dollar was higher against the safe-haven Japanese yen, with gaining 0.1% to 109.00.

Meanwhile, the pound slipped over worry that the Conservative Party’s lead in the December election is narrowing. A poll released on Tuesday showed that the Conservatives are at 43%, while Labour is at 32%. The Dec. 12 election is expected to be close, as Brexit looms as the main issue facing voters.

fell 0.3% to 1.2860 while was flat at 1.1014.

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.

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Forex- Pound Rises on Brexit Hope; Euro Flat After Ifo Data 

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Investing.com – Sterling was higher on Monday, amid hopes rose that the Conservative Party will win the upcoming election and the U.K. will leave the European Union as planned.

British Prime Minister Boris Johnson promised to bring a Brexit deal to parliament before Christmas. His Conservative Party leads in opinion polls ahead of the Dec. 12 election.

“The markets are holding on to any sort of positivity we get at the moment,” said Sean MacLean, research strategist at Pepperstone, a brokerage in Melbourne. “We want to keep that momentum going.”

rose 0.4% to 1.2883 as of 4:14 AM ET (9:15 GMT) while fell 0.4% to 0.8553.

was flat at 1.1020 after the German showed that German business confidence rose this month, after the euro zone’s largest economy avoided falling into a recession. The Ifo business climate index rose to , up from 94.7 in October, but the Munich based institute warned that Germany’s manufacturing sector was still stuck in recession.

Meanwhile, trade sensitive currencies gained ground on positive trade deal news. China announced over the weekend that it plans to improve protection for intellectual property rights, which was one of the main sticking points in negotiations with the U.S.

U.S. national security adviser Robert O’Brien also said on Saturday a deal was possible by the end of the year.

The trade-sensitive Australian dollar was up slightly, with rising 0.1% to 0.6791, while gained 0.2% to 0.6420. The fell 0.1% to 7.0349.

Elsewhere, the , which measures the greenback’s strength against a basket of six major currencies, was steady at 98.150.

-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.

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Forex – U.S. Dollar Near Flat Ahead of Fed Minutes

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Investing.com – The U.S. dollar was near flat on Wednesday in Asia as traders remained cautious ahead of the release of minutes from the U.S. Federal Reserve’s last policy meeting due later in the day.

The that tracks a basket of other currencies last traded at 97.9by 1:20 AM ET (05:20 GMT), up 0.02%.

Hopes for trade progress were dashed overnight by another warning from U.S. President Donald Trump, who said that he may raise tariffs even further if talks collapse.

Tensions between the two sides rose even further after the U.S. Senate passed two Hong Kong-related bills that support protesters in the city.

China’s foreign ministry spokesman called the decision a blatant interference in China’s internal affairs, and said the U.S. faced “negative consequences” if it persisted.

CNBC reported earlier this week that Beijing is pessimistic about reaching an agreement with the U.S.

“Trade headlines is dominating sentiment but in terms of the key event risk, the release of the Fed minutes will be a big one for market participants,” said Morten Lund, a senior FX strategist at Nordea in a Reuters report.

The pair inched up 0.1% to 7.0277.

The pair fell 0.2% to 0.6813. Minutes published on Tuesday showed that the Reserve Bank of Australia “agreed a case could be made” for another cut in the 0.75% cash rate at its November meeting.

The pair also dropped 0.2% to 0.6419.

The pair was little changed at 108.51. Ministry of Finance data showed today that Japan’s fell 9.2% in October from a year ago, a bigger decline than the expected 7.6% drop.

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.

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Forex – Dollar Flat After Powell Plays Down Further Cuts; HK Eyed

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Investing.com — The dollar was mostly flat in early trade in Europe on Friday amid a lull in news ahead of more U.S. economic data later in the day.

The greenback is on course for a modest loss of around 0.2% this week, drifting as the world waits for China and the U.S. tie up an elusive trade truce.

The threat of a Chinese crackdown on unrest in Hong Kong is also keeping markets on edge. President Xi Jinping urged the city’s chief executive Carrie Lam to clamp down on protests on late on Thursday, urging “forceful actions . . . to punish those who have committed violent crimes,” according to the Financial Times.

However, the FT also cited people familiar with the matter as saying that China’s top official overseeing the territories of Hong Kong and Macau had delayed a visit to the city for fear of inflaming the situation further.

By 4 AM ET (0900 GMT), the , which tracks the buck against a basket of developed market currencies, was at 98.050, little changed from late Friday. and were both effectively unchanged at $ 1.1025 and $ 1.2880, respectively.

The dollar had received some support from two days of Congressional testimony by Federal Reserve Chairman Jerome Powell who made clear that there would be no further cuts to U.S. interest rates barring a major deterioration in the economy.

The modest uptick in last week along with weakening on Thursday clearly didn’t meet that requirement, but there is the chance that U.S. and data, both due later Friday, may send stronger signals of a slowdown.

Elsewhere, the global trend towards lower interest rates continued, with cuts by the central banks of both Mexico and Egypt. Both the and took the moves in their stride.

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.

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Forex – U.S. Dollar Flat as Powell Promises to ‘Sustain’ Economic Expansion 

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Investing.com – The U.S. dollar was flat on Friday after Federal Reserve Chairman Jerome said the central bank would keep an eye on the economy and act as needed, but failed to give any new guidance on interest rates.

“We will act as appropriate to sustain the expansion,” Powell said in prepared remarks at the Fed’s Jackson Hole, Wyom. summit. The economy is in a “favorable place” he said, but the trade war puts it in a “complex, turbulent” situation. The central bank is at an unprecedented place as it tries to set monetary policy to help the economy overcome the tensions caused by the U.S.-China trade war.

The slowdown has been visible for months in China, Japan and Europe, and is just starting to reach U.S. manufacturing with the of activity dropping below 50 for the first time in nearly 10 years in August.

Still, domestic economic strength continues, with inflation nearing 2% and and the job market at historically strong levels.

Powell seemed to push back against pressure to cut rates aggressively. U.S. President Donald Trump has called for a full percentage point cut and markets expect the central bank to keep easing its monetary policy.

The , which measures the greenback’s strength against a basket of six major currencies, inched up 0.1% to 98.132 as of 10:15 AM ET (14:15 GMT).

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.

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Forex – U.S. Dollar Flat After Disappointing PMI Data; Fed Summit Eyed

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Investing.com – The U.S. dollar dipped on Thursday before recovering after data showed a decline in the manufacturing and services sector as businesses remain wary about the health of the U.S. economy.

But another inversion in the to Treasury yield curve this morning put pressure on the greenback and sank an early rally in equities.

The IHS manufacturing PMI for August came in at 49.9 versus an estimate of 50.5, while the services PMI for August was at 50.9 compared to expectations of 52.8.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.02 to 98.28 as of 10:48 AM ET (14:48 GMT) after reaching an earlier low of 97.993.

Traders were also focused on comments from Federal Reserve members at the central banks annual meeting in Jackson Hole, Wyo. The meeting minutes from the Fed’s July meeting showed the FOMC saw the quarter-point cut more as a recalibration of policy rather than the start of steady cuts, but another cut in the September meeting is still forecasted by the markets.

The Japanese yen, which is seen as a safe-haven in times of market turmoil, rose with falling 0.1% to 106.51.

Sterling recovered after German Chancellor Angela Merkel said it was possible a solution to the Irish backstop could be found before the U.K. leaves the European Union on Oct. 31.

The pound fell earlier this week after U.K. Prime Minister Boris Johnson demanded that the backstop be removed from the divorce deal. The backstop agreement is an insurance policy to keep the Irish border open after Britain leaves the EU.

jumped 1% to 1.2239, while was flat at 1.1077.

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.

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Forex – Sterling Rebounds as Dollar Flat Ahead of Expected Rate Cut 

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Investing.com – The pound rebounded slightly on Wednesday after falling to a two-year low, while the U.S. dollar was flat ahead of an expected Federal Reserve rate cut.

A reduction of at least a quarter-point at 2:00 PM ET (18:00 GMT) from the Fed is priced in, with investors focused on Chairman Jerome Powell’s press conference a half-hour later for clues on further easing in the light of slowing global growth, notably caused by fallout from the trade conflict with China.

The , which measures the greenback’s strength against a basket of six major currencies, was flat at 97.838 by 10:18 AM ET (14:18 GMT).

The dollar was unmoved against the Japanese yen, with flat at 108.54.The Bank of Japan left rates steady on Tuesday but could ease monetary policy if global developments drag on the economy.

Sterling recovered, with up 0.5% to 1.2211, in a move that had no obvious triggers but which followed two days of sharp losses that made it ripe for a technical correction.

The pound had fallen to a two-year low of 1.2158 after newly elected Prime Minister Boris Johnson and his new cabinet of die-hard Brexiteers stepped up their rhetoric and their preparations for taking the U.K. out of the European Union by October 31, a timeframe that leaves little or no time to renegotiate a transitional deal to guarantee continued smooth trade between the two.

The currency is expected by many to fall further as Johnson’s plan to leave the EU is widely seen as likely to hurt the U.K. economy. While the Bank of England is expected to keep interest rates steady at its meeting on Thursday, the implied odds of a rate cut later have risen in recent days.

Elsewhere, was down 0.2% to $ 1.1136 after data showed that the euro zone’s gross domestic product grew only 0.2% in the second quarter. The third quarter has also started weakly, with the core consumer price index falling to 0.9% in July, barely half the European Central Bank’s target for headline inflation.

lost 0.2% to 1.3120.

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.

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