The US dollar is slightly weaker, struggling after another weak figure: durable goods orders. Yet the big event is still ahead: a speech by Fed Chair Janet Yellen. So far, Yellen has been quite hawkish. Not only did the Fed raise rates, but they also expressed optimism on growth and jobs. More importantly, the FOMC [...]
The post Will Yellen hit the dollar? appeared first on Forex Crunch.
EUR/USD is stuck in a range for many long days. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research notes that the news over the weekend about the Italian government EUR 17bn rescue package to shore up failing Veneto Banca and Banca Popolare di Vicenza [...]
The post EUR/USD could reach 1.15 in Q3 – ING appeared first on Forex Crunch.
The economic situation in the euro-zone is improving. While Draghi had to acknowledge this, he sticks to his stance regarding accommodative monetary policy. Draghi spoke at a conference in Portugal and said that interest rates have to be low for growth to recover. However, EUR/USD does not go too low. Why? This is not news [...]
The post Draghi drag? EUR/USD makes a small bow appeared first on Forex Crunch.
Any strength of the US dollar seems to be short-lived. And the common currency is always there to take advantage of this. Even though EUR/USD is unable to break to new highs, it does not fall either. The most recent downer of the dollar came from an important indicator: durable goods orders. After a week [...]
The post US durable goods look weak – EUR/USD ticks up in range appeared first on Forex Crunch.
President Donald Trump is a proud man. Certainly, his tendency to brand everything with the ever subtle TRUMP name would testify to this. That’s why all this talk of Trump resigning sounds like it would go against the very fabric of what makes the president tick. You would almost expect that he would have to [...]
The post What would the stock markets do if Trump moved out of office? appeared first on Forex Crunch.
