Filed under Latest FX Articles · Tagged with balance report, forex traders, hourly charts, strong signal, trade balance
FXstreet.com (Barcelona) - The British currency launched an upside attack on Friday, regardless the UK economy reported weak readings in the producer price index and its total trade balance in June.
Filed under Forex and Currency Trading News, Latest FX Articles · Tagged with british currency, fxstreet com, producer price index, trade balance, uk economy
FXstreet.com (Barcelona) - The Dollar remains broadly steady against its major rivals, trading right below week highs against Euro and within the day range against Pound and Yen after US trade balance and Jobless claims figures.
Filed under Forex and Currency Trading News, Latest FX Articles · Tagged with fxstreet com, jobless claims, trade balance, week highs, yen
British trade balance disappointed for a second month in a row, with a deficit of 7.3 billion pounds, higher than predicted. This joins other bad news that the Pound receives this week, indicating that last weeks rally was only a one-time event.
GBP/USD is trading slightly lower than before the release, at 1.4440, and the trend is now downwards. This isnt the only deficit that the UK is suffering from right now:
Read the rest of the article about British Trade Balance.
GBP/USD is trading slightly lower than before the release, at 1.4440, and the trend is now downwards. This isnt the only deficit that the UK is suffering from right now:
Read the rest of the article about British Trade Balance.
Biggest % gainers: CAD/JPY up 2%, AUD/JPY up 1.52%, NZD/JPY up 1.36%, USD/JPY, CHF/JPY, EUR/JPY, GBP/JPY on CAD strength and broad JPY weakness. Japanese Prime Minister quits. That's causing instability in the JPY today.
Also, in addition to the Prime Minister resigning, there is speculation that a "weak currency advocate" by the name of Kan could be the one to succeed him. We'll see.
Biggest % losers: EUR/CAD down 0.88%, USD/CAD, AUD/CAD on CAD strength.
CHF Retail Sales y/y worse at 1.3% vs. 3.7% expected. Last time was revised worse to 4.0% from 4.5% earlier.
USD Pending Home Sales m/m come out at 10am EST. 4.9% is the expectation. 5.3% was the number last time.
AUD Trade Balance comes out at 9:30pm EST tonight.
Gold $1,219
Oil $72.64
Iran is selling 45 billion euros of reserves for dollars as the currency weakens.
Sean Hyman
DailyFX Forum Moderator
Also, in addition to the Prime Minister resigning, there is speculation that a "weak currency advocate" by the name of Kan could be the one to succeed him. We'll see.
Biggest % losers: EUR/CAD down 0.88%, USD/CAD, AUD/CAD on CAD strength.
CHF Retail Sales y/y worse at 1.3% vs. 3.7% expected. Last time was revised worse to 4.0% from 4.5% earlier.
USD Pending Home Sales m/m come out at 10am EST. 4.9% is the expectation. 5.3% was the number last time.
AUD Trade Balance comes out at 9:30pm EST tonight.
Gold $1,219
Oil $72.64
Iran is selling 45 billion euros of reserves for dollars as the currency weakens.
Sean Hyman
DailyFX Forum Moderator
