Powell Statement to Decide Greenback Fate The greenback has been recording gains as it takes advantage of trade wars and an upbeat economy. There are some interesting events slated for this week, with a testimony…
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Dollar Dumped to 3-Week Lows as NFP and Unemployment Rises
USD Suffers Despite NFP Job Data Rising The greenback sustained losses against most of its pairs on Friday following the release of the NFP job data which saw a job increase of 213K in June…
Non-Farm Payroll – Highlight of the Week
Non-Farm Payroll Dominates Amidst July 4th Holiday The Forex market ended the second quarter of the year in a mixed zone with the Greenback ending the quarter on a strong note. The third quarter will…
Greenback Performs Excellently, Boosted By Increase in Retail Sales
Strong U.S Retails Sales, Greenback Soars The greenback recorded gains this week, with strong U.S retail sales result boosting the currency despite slowing down on Friday amidst trade war concerns. Tuesday, June 12: Greenback Posts…
Forex Weekly Outlook June 11-15 – Fed and ECB Decisions Major Highlights of the week
Fed and ECB Decisions to Determine Market Direction The greenback lost against some of its pairs last week but this week presents some fresh opportunities for it to bounce back. Fed and ECB decisions are…
Loonie Dips Amidst Oil Prices Slump and NAFTA Talks Continue
NAFTA Talks and Oil Oversupply Affect Loonie The Loonie was affected by NAFTA related talks and the issue of oil oversupply, with the currency also affected by the underwhelming PMI report Tuesday, June 5: Dollar…
Euro Continues to Slip against Major Competitors Amidst Italy’s Political Turmoil
Political Turmoil in Italy and Spain Causes Euro Slump Italy and Spain have been embroiled in political turmoil over the past week and this has led to the euro recording losses over its major trading…
Dollar Dips as FOMC Minutes Causes Disappointment
FOMC Minutes Help Push Dollar Lower The USD had a rather average week at best before the FOMC minutes were released on Wednesday, which helped send the currency tumbling even lower. Despite all that, it may…
How High Can The Greenback Go?
The Greenback Keeps Rising Despite facing some corrections last week, the USD recorded strong gains alongside bond yields. Will the Greenback be able to continue this uptrend? We will find out in this action-packed week of events, with…
The Greenback Performs Excellently Despite Weak Retail Sales
Weak U.S Retail Sales Report Didn’t Deter the U.S Dollar The greenback performed excellently thus far this week despite the weak retail sales report published on Tuesday. Monday, May 14: Dollar Rebounds, Euro Dips on…
