Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Market news by Solforex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="limyeeshin, post: 91017, member: 35099"] [B][U]Thursday October 22 2015[/U][/B] [B][U]Dollar rises slightly after china markets fell[/U][/B] The U.S. dollar turned slightly higher against other major currencies after the China stock prices showed a steep decline. Steep depreciation of Chinese stocks increased concerns toward China-led emerging market slowdown. The steady data on U.S. housing sector supported the dollar’s gains. Especially, it gained more to the emerging markets and commodity related currencies. Greenback and the euro showed consistent up and downs, being almost flat with a slight upward tendency ahead of ECB monetary policy meeting. EUR/USD fell -0.07% in the late trade, settled trading at 1.1345. [B][U]Pound falls after BoE governor’s statements[/U][/B] The British pound fell after the Bank of England governor Mark Carney gave speech at a university event about The European Union, monetary and financial stability, and the Bank of England. He specified the role of the central bank, adding that a large adjustment of the UK’s real exchange rate could impact on reflection of the severe headwinds to domestic growth from deleveraging by UK households. Carney’s speech was construed as burdens for rate hike in near future, lowered the pound. GBP/USD fell 0.16%, traded at 1.5444. [B][U]The Aussie rebounds on Thursday after NAB survey[/U][/B] The Australian and New Zealand dollars were weaker on Wednesday declining from China-led concerns for shortening in commodity prices and flow. AUD/USD traded at 0.7209, declining 0.69% and NZD/USD fell 0.41% to 0.6723. But the Aussie rebounded in Asia early Thursday, despite NAB’s business confidence survey showing downslope. The quarterly survey fell to flat from +4 in the previous quarter. AUD/USD traded at 0.7218 on Thursday, up 0.12%. [B][U]Upcoming events: ECB press conference, FOMC October meeting[/U][/B] Investors will be looking ahead to ECB press conference in Malta today. The ECB’s governing council will conclude its meeting in Malta. The Eurozone inflation fell by 0.1% from its August level, showing its first deceleration of all year. ECB president Draghi said in last month’s meeting that “ECB will use all the instruments within its mandate” to stimulate growth, adding bond buying initiative provides it with sufficient flexibility to adjust the size, composition and duration of the program. Investors will also be awaiting next week’s FOMC monetary policy meeting for more hints on short-term interest rates lifting decision within the year. [B][U]Market movements[/U][/B] Overall, the dollar rose 0.13%, EUR/USD fell 0.07%, USD/JPY gained 0.09% and GBP/USD fell 0.16%. Emerging market currencies and commodity currencies were lower with pressure from China stocks fall and commodity prices drop. South African rand fell 1.70%, Russian ruble fell 1.60%, Mexican peso fell 0.46% and New Zealand dollar fell 0.49%. Australian dollar fell 0.68% on Wednesday late trading, however rebounded slightly on Thursday in Asia. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…