Posted by Tom on January 06, 2018


The U.S. dollar declined against its major opponents in the European session on Friday, as U.S. job growth grew much less than anticipated in December and trade deficit widened in November.
Data from the Labor Department showed that non-farm payroll employment climbed by 148,000 jobs in December after spiking by an upwardly revised 252,000 jobs in November.
Economists had expected employment to increase by 190,000 jobs compared to the addition of 228,000 jobs originally reported for the previous month.

Posted by Tom on January 06, 2018


Riding on the mania that is causing mammoth gains in the price of different digital currencies, Ripple and its native currency XRP has risen to be the second biggest crypto asset by market capitalization.
The XRP coin or Ripple that is based on the Ripple protocol surged more than 35,000 percent in 2017, according to Coinmarketcap data, eclipsing Bitcoin's jump of over 1,300 percent.

Posted by Tom on January 04, 2018


The dollar is gaining ground against its major rivals Friday afternoon, despite a pair of weaker than expected U.S. economic reports. The gains are being driven by optimism over U.S. tax reform after some comments from President Trump this morning.
"We're putting in a tremendous child tax credit, and it is increasing on a daily basis," Trump stated to reported this morning. The comment eased investor concerns over the passage of the bill. Senator Marco Rubio had stated previously that he would not support the bill unless the child tax credit was improved.

Posted by Tom on January 04, 2018


The U.S. dollar dropped against its European major counterparts in early European deals on Tuesday.
The greenback that closed Friday's deals at 1.3358 against the pound weakened to 1.3376.
Reversing from an early high of 0.9897 against the franc, the greenback edged down to 0.9887.
The greenback slipped to a session's low of 1.1876 against the euro from Friday's closing value of 1.1874.
The next possible support for the greenback is seen around 1.35 against the pound, 0.97 against the franc and 1.20 against the euro.
by RTT Staff Writer

Posted by Tom on January 04, 2018


The dollar is losing ground against all of its major rivals Friday afternoon. There was little news to drive the direction of trade ahead of the long New Year's weekend. A number of investors remained away from their desks, leading to a rather subdued trading session.
Traders can look forward to some important news next week. The minutes from the most recent meeting of the Federal Reserve will be released on Wednesday, January 3. The U.S. jobs report for December is also slated to be released on Friday, January 5.

Posted by editor on April 28, 2017

The dollar slid lower and re-approached a recent five-month trough against other major currencies on Friday, as investors eyed the release of U.S. economic reports due later in the day and amid ongoing concerns over U.S. politics.
Sentiment on the greenback was fragile after U.S. President Donald Trump said he will either renegotiate or terminate a "horrible" trade deal with South Korea.
The comments came shortly after Trump said that a "major, major" conflict with North Korea is possible but he is looking for a diplomatic answer.

Posted by editor on April 27, 2017

The dollar held steady against other major currencies on Thursday, after U.S. President Donald Trump unveiled his tax reform plan and as investors awaited the European Central Bank’s monetary policy decision later in the day.

EUR/USD was little changed at 1.0903, off a five-month peak of 1.0951 hit on Wednesday.

The dollar found support after Donald Trump confirmed that his tax reform plan would cut the income tax rate paid by public corporations to 15% from 35% and make major changes to the individual-tax system.

Posted by editor on April 26, 2017

Asian stocks extended gains for a fifth consecutive day on Wednesday, as renewed optimism about the world's biggest economy brightened the outlook for risky assets while the euro held on to previous gains as political concerns in France ebbed.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, hovering near their highest since June 2015. Stock markets in Japan and Australia led gainers.
European markets were pointing higher in opening trades with index futures up between 0.05 and 0.1 percent.

Posted by editor on April 25, 2017

The euro held gains on Tuesday after a relief rally triggered by the first-round results of the French presidential election, while the safe haven yen weakened amid an ongoing uplift in risk appetite.

EUR/USD was up 0.18% at 1.0890 by 07.17 GMT, not far from Monday’s peak of 1.0918, the highest level since November 11 after centrist former economy minister Emmanuel Macron won the first round of French presidential elections.

Posted by editor on April 24, 2017

The euro pared gains after scaling a five-month high against the dollar on Monday after the centrist candidate won the first round of the French presidential election, reducing the risk of an anti-establishment shock in the final round.

The euro was up 1.1 percent at $1.0844 by midday in Asia after earlier rising as high as $1.0940, its highest since Nov. 10.

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