Showing posts with label American dollar. Show all posts
Showing posts with label American dollar. Show all posts

Thursday, 2 August 2018

Nothing new from the Fed. How did the markets react?

Fully expected, the Fed kept the interest rate unchanged, with Powell emphasizing the good state of the US economy. This was taken as an impulse to preserve the policy rate of the interest rate reserve.
This negatively affected the US indices and sent the dollar upwards, initiating a decline in metals and raw materials.
The Dow Jones blue chip index lost 81 points, with its most lost components being the industrial Caterpillar and 3M lost 3.4 and 2.3%.
The broad S&P 500 declined by 0.1%, with the industry declining by more than 1%. The Nasdaq Technology reduced its value by 0.5%.
Global financial markets continue to focus on a US-led trade war, especially after the White House administration announced on Wednesday that President Donald Trump offered a higher 25 percent duty for Chinese goods totaling $200 billion.
The euro fell slightly by 0.1%, to 1.16505 dollars.


Wednesday, 5 April 2017

USD/CAD holds above 1.3372 support

The Canadian dollar, paired with the US dollar, is above the support level in the region of 1.3372 dollars. It is also seen a way out of the framework of the downward trend, which hints at further growth in the medium-term outlook to a resistance level of 1.3516 dollars.
But, do not forget that in the frames of speculative trading there can be a move in favor of the Canadian dollar. Now oil prices are strengthening at a steady pace, this, in turn, supports the Canadian dollar. In addition, on Friday, traders will pay attention to the publication of the March unemployment rate of Canada. If the indicator continues to decline, it will positively affect the Canadian dollar in pairs with other currencies.