US Dollar:Currency Investment market outlook today

1686 Viewed africabusiness
naira US dollar

The British Pound and the US Dollar in view

 

The British pound as we expected yesterday went to a small correction. Yesterday PMI was published – 54.2 against 52.8 expected. The indicator significantly exceeded the forecast. Now any positive macroeconomic statistics for the UK could easily strengthen the pound against the US dollar. Currently the pair is trading at 1.2315. Today an index of business activity in the services sector is publishing. With good data you can buy the GBP.

 

Advertise on Africa Business World


Africa Business World reaches global consumers in all parts of the world. You can reach your desired target audience and consumers by advertising your products and services through our highly visited website. Our viewers come from different economic backgrounds from many media channels including traditional and social media. We invite you to place your ads through our inexpensive and very effective advertising program.
Email us at [email protected] to get your ad in front of our busiest pages for a small cost.
See traffic data for the three leading news items below
1. EU Calls For Biafra Referendum within 90 Days-Says It will recognize Biafra if Referendum Passes!
2. Israeli Prime Minister and British MP call for Nnamdi Kanu’s Release
3. Senator Akpabio Speaks On Biafra – Asks why Post War reconstruction began in the West instead of the War Torn East?

 

The Euro and the US Dollar outlook today

 

Euro yesterday went to good correction. The pair is currently at 1.0550. Yesterday an important indicator of inflation came out – the consumer price index: 1.1% vs. 1.0% expected. A result at 0.1% is essential for such a measure. This result suggests a possible increase in interest rates by the European Central Bank. These expectations for EUR could resume its growth to the level of 1.07.

 

The US Dollar and Japanese yen corrections

 

The yen also made a correction. In the Asian session JPY rose for 150 points. Do not count on a profound movement in the opposite direction. The pair is currently trading at 115.90. In the area of ​​115.30 there is a good level of support. Closer to this level you can look for a purchase. Bank of Japan is beneficial from cheap national currency, so we can expect the uptrend. Important economic data does not come out on the Japanese economy.

 

How does the Gold market look vs the OIL

 

As we expected oil was not able to gain a foothold above the level of $55.00. This volume of black gold in the market may keep prices at the level of $52-53. So expect a long buying is not necessary. It is more likely that oil today and in the near future will be in the region of $53.

 

Comments

What's your opinion?

Advertise on Africa Business World


Africa Business World reaches global consumers in all parts of the world. You can reach your desired target audience and consumers by advertising your products and services through our highly visited website. Our viewers come from different economic backgrounds from many media channels including traditional and social media. We invite you to place your ads through our inexpensive and very effective advertising program.
Email us at [email protected] to get your ad in front of our busiest pages for a small cost
Don't miss the stories followAfrica Business World and let's be smart!
Loading...
0/5 - 0
You need login to vote.
business news Greg coffey

Investment:hedge fund trader Greg Coffey retires at age 41 with $665 million

Donald Trump Charges voter Fraud

Trump Charges Voting Fraud, Vows to Investigate Last US Election

Related posts
Your comment?
Leave a Reply

You must be logged in to post a comment.

Translate »