1322, before settling back to near net unchanged levels in the mid 1. USD-JPY remained in the mid-to-upper 109. 00s, and Cable became entrenched in a narrow range in the mid 1. The Dollar majors have mostly held narrow ranges amid a backdrop of coursing in global markets. One exception has been AUD-USD, which dove to a five-week low at 0.
7060 after the RBA shaved growth forecasts in its quarterly Statement on Monetary Policy. The Dollar lost ground in N. Thursday, taking the DXY from two-week highs of 96. Lowered growth expectations in Europe and the U.
Greenback into the open, though sagging yields and equities on the back of trade concerns later weighed. The Dollar has remained on a firm footing while Euro underperformance has been a side theme so far today. EUR-USD has printed fresh a 13-day low, at 1. 1331, putting the pair in the lower reaches of the broadly sideways range that’s been unfolding for some three months now. The USD index printed a fresh two-week peak at 96.
24, making this the first consecutive day a new high has been made. EUR-USD has concurrently posted a 13-day low, at 1. 1355, putting the pair in the lower reaches of the broadly sideways range that’s been unfolding for some three months now. The Dollar advanced again in N. Wednesday, taking the DXY to near two-week highs of 96. The index has printed four consecutive higher daily highs. On the data front, the narrowed U.
1362 lows, after opening at 1. 1398 highs, while USD-JPY touched 110. 00 highs late in the session. The narrow trade-weighted USD index posted a fresh 12-day high at 95. 99, and EUR-USD concurrently printed a new 12-day low, at 1.
The Dollar also saw highs versus a number of other currencies, although lost some ground today to the Yen, which has outperformed. The Dollar has continued to trade mostly firmer, although has lost ground today to the Yen, which has outperformed. President Trump’s State of the Union, replete as it was with self-backslapping, left markets somewhat cold, with what hopes there were for something specific on progress being made in the trade talks with China having been deflated. Tuesday, taking the DXY to eight-session highs of 96. The only data was a softer than expected services ISM, though it had little impact on the Greenback. Wall Street rose, while yields edged lower. Warning: A stock market crash and a deflationary depression that may rival the Great Depression is in its early stages.
Fact: The direction of interest rates does not determine the stock market’s trend. Are you paying attention to commodities? June slide indicate that a top is already in? Is the US Dollar Rally Coming? Can the Money Disappear in Stocks? Is Unemployment Rate Really Getting Better?
Foreign exchange fraud is any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Currency trading became a common form of fraud in early 2008, according to Michael Dunn of the U. The foreign exchange market is at best a zero-sum game, meaning that whatever one trader gains, another loses. In August 2008, the CFTC set up a special task force to deal with growing foreign exchange fraud.