Nachrichten

The Greenback Stands Tall

Meldungsarchiv

2011 2012 2013 2014 2015 2016 2017 2018 2019

USD
On Wednesday, the Greenback rose vs. a basket of major currencies as investors are awaiting further news on the possible appointment of a hawk as Fed chair and progress on the U.S. tax reform plan.

With the Federal Reserve anticipating to hike interest rates for the third time this year, traders are awaiting who will succeed Janet Yellen as chair when her term ends in February 2018. On the other hand, traders will also focus on U.S. Beige Book data later in the day, with some likely to be wary of buying U.S. dollars aggressively after disappointing U.S. inflation data.

  • The U.S. dollar index, which measures the greenback’s strength vs. a trade-weighted basket of six major currencies, rose as much as 0.12% at 93.595 pips.

EUR
The euro fell as much as 0.14%, with EUR/USD last at $ 1.1749, down for the fifth session in a row.                                                            

GBP
Earlier today, the pound sterling wastraded at $ 1.3166, having fallen 0.18% following dovish comments by Bank of England policymakers. The Bank of England's new deputy governor pointed out that he did not support the view that interest rates probably need to hike soon, while another official said: her support for a rate rise was "very contingent on the data".       

JPY
The Greenback pushed higher vs. the yen, with USD/JPY rising 0.33% to ¥112.57.        

Gold
Gold prices settled near one day after suffering their biggest daily loss in about four weeks, as traders continued to speculate over President Donald Trump's choice of candidates to succeed current Janet Yellen next year. Gold Futures - Dec 17 fell as much as 0.4%, to settle at $1,285. The dollar remained supported against a basket of the other major currencies on Wednesday as the search for the chairperson of the Federal Reserve narrowed.

Oil
Earlier today, Oil prices edged higher to near their strongest level in about three weeks, positively affected by a decline in U.S. crude inventories and worries that tensions in the Middle East may disrupt supplies. The American Petroleum Institute (API) reported yesterday that U.S. crude supplies fell by 7.1 million barrels for the week ended Oct. 13.

Crude Oil WTI Futures - Nov 17, rose as much as 0.40%, to settle at $52.09, while Brent Oil Futures - Dec 17 was up 69% at $58.28.

Economic Calendar (all times in GMT)

  • EUR ECB President Draghi speaks in Frankfurt: (GMT 08:10) – Important
  • USD U.S. Federal Reserve Releases Beige Book: (GMT 18:00) – Medium

Disclaimer
The prices and news mentioned in this outlook are absolutely no guarantee of future market performance and do not represent the view of ICM Capital Limited. Financial markets can move in either direction causing profits to be made or complete losses to be incurred by the trader. Each trader must decide for themselves what their risk appetite is and ensure that correct risk management procedures are in place before placing any trades.

CFDs und Spot FX sind komplexe Instrumente und bergen aufgrund der Hebelwirkung ein hohes Risiko, schnell Geld zu verlieren. Beim Handel mit CFDs verlieren 72.87% der Konten von Privatanlegern mit diesem Anbieter Geld. Überlegen Sie, ob Sie verstehen, wie CFDs und Spot FX funktionieren, und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren. Weiterlesen
Weiterlesen
Mail Anrufen Chat