Trump doubles down on Fed comments The Fed isn’t going to stop hiking because of Trump. There’s one thing that everyone at the Fed will stand up for — independence. If anything, a few of them will be more inclined to hike to show that they’re not being bullied.
Double does of good news for the Canadian dollar A pair of top-tier economic data releases sent the Canadian dollar higher on Friday, sinking USD/CAD down to 1.3161 from 1.3230.
Canadian inflation data for June 2018: Core numbers y/y: ForexLive
The greenback extends gains on the day surpassing the year’s high @ 95.53 ForexLive EUR/USD is sent lower to lows of 1.1587 while cable hit 10-month lows of 1.2975. And that has seen the dollar index eclipse the year’s highs of 95.53 with buyers now testing waters just above.
Forex news from the European trading session – 19 July 2018 Headlines: Markets: – USD leads, NZD lags behind on the day – European equities lower, losses led by mining stocks
Comments by White House trade adviser Peter Navarro as he speaks to CNBC – China is the one who is upsetting the world economy – “We are free traders” facing a world that is not ForexLive
Comments by UK PM May’s spokeswoman here ForexLive
Offshore yuan weakens to lowest levels since 12 July 2017 ForexLive The to the market at the fixing today (above 6.70) and the market is taking it all in without hesitation. The dollar has been on a tear against all currencies so far in trading, and the Chinese yuan is no exception to that.
Fall from yesterday is fully reversed into a topside trend line The USDCAD has moved sharply higher in trading today. The move reversed the sharp fall yesterday (and a little more), but stalled against a topside trend line at 1.3268. Let’s face it, the price action is a bit skittish. Sharp move higher. Sharp move…
The 112.80 area stalls the fall See earlier post) The sellers were able to extend the fall down to the next target area at the 112.80 area. The swing high from July 13th is at that area, the close from yesterday came in at 112.81. The trend line comes in at the level too (see…