Market News

he dollar edged down on Friday after tepid U.S. economic data casts doubts on whether the Federal Reserve will raise rates again this year.

The U.S. currency was all over the place after Mnuchin shared his thoughts on tax reform and the debt ceiling while the Loonie got a strong boost from upbeat GDP data.

The euro had a good start but crashed and burned when ECB-related rumors made the rounds. The Greenback, meanwhile, got bid higher as the euro burned.

Euro zone inflation rose more than expected in August, official data showed on Thursday, just as the European Central Bank prepares to debate whether to tighten policy after 2-1/2 years of unprecedented stimulus.

Another NFP report is coming our way this Friday, which means that it’s time for another edition of my classic NFP Event Preview.

The dollar held near a two-week peak against the yen and below $1.19 per euro on Thursday, a broad recovery since Tuesday helping it end August close to flat against its major peers.

The Greenback continued to edge higher against its major counterparts while individual concerns weighed on the comdolls.

Investors discovered a taste for the dollar and commodities on Thursday as upbeat Chinese and U.S. economic news whetted appetite for riskier assets globally, even as tensions over North Korea simmered in the background.

Growth in China’s manufacturing sector unexpectedly accelerated in August, suggesting the world’s second-largest economy is still expanding at a healthy clip despite rising financing costs and a cooling housing market.

Tropical Storm Harvey further damaged the heart of the U.S. energy industry on Wednesday, churning into Louisiana after flooding the biggest U.S. refinery in Texas, forcing major pipelines to halt operations and threatening a supply squeeze for weeks.

The U.S. dollar rose broadly on Wednesday on speculation the European Central Bank could step in to weaken the euro and after strong U.S. economic data boosted expectations for a solid U.S. jobs report Friday.

The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter.

MetaQuotes, the company behind MT4 and MT5, continues to roll out fresh updates on their platforms. Here are the latest ones for MetaTrader 5.

The dollar and the pound continued their dominance in the New York trading session while crude oil and U.S. equities were in better spirits as Tropical Storm Harvey weakened. 

GBP and USD fought it out, with GBP winning out for now. AUD and NZD, meanwhile, found themselves under selling pressure.

Since there’s another ECB statement next week and most of the Euro Zone’s economic data are out, I thought that now would be a good time to give y’all a quick economic roundup.

The dollar came off a 2-1/2 year low and world stocks rose on Wednesday after the United States’ measured response to North Korea’s missile test soothed jittery investors who turned their focus to positive economic data.

Crude oil slid and gasoline jumped to its highest since mid-2015 on Wednesday as flooding and storm damage from Hurricane Harvey shut nearly a fifth of U.S. refineries, curbing demand for crude while raising the risk of fuel shortages.

Comdolls got some love during the Asian session, as a lack of risk-averse news drove traders into higher-yielding currencies.

The dollar held steady against the yen on Wednesday, having recovered from 4-1/2 month lows, as investor concerns over North Korea’s latest missile test eased for now.