We start the week off by taking a closer look at EUR/USD and ponder over the GBP/USD movements.
A two-day decline in the Gold prices may suggest that some bulls prefer to record profits before the American regulators meeting. Yet, most investors expect “peaceful” comments by Yellen.
Dollar bears retreat on profit taking, as the currency index has dipped below 100 level with the support of Asian traders on Tuesday.
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The US Dollar retreats on profit taking, as Oil renew advances when production cut fuel prices growth.
The Italian constitutional referendum took place on Sunday. As the focus was on the constitutional changes then it seems that the Italian political structure will be radically altered.
According to the COT CFTC reports, Ruble purchases in a larger scope have reached its historical maximum, while hedgers managed to do four times the sales with the Russian currency.
Rising rate hike odds push Dollar to new heights, as pound sinks ahead of Carney speech
The inflation levels are still an issue in the US and not only there but also in the rest of the world. There does not seem to be any inflation, as such, rather signs of a deflation ready to happen.
Pound pared declines recovering to a 1.23 level as the British Prime Minister Theresa May allowed the parliament to vote on her plan, which in turn eased investors’ concerns about the ruined ties with the EU.
As the State Duma elections took part this Sunday, we can assume that there are steady positions ahead for the Russian Ruble. At the same time, GPB shows very promising rise for the future.