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The euro is trading below the 1.09 level against the US dollar on Thursday’s morning. Since May 7 the currency pair closed trading sessions off the previous close. Euro weakness seems to prevail and the currency pair might soon close gap triggered by French elections’ first round.
The Bank of England announced a few minutes ago that its main interest rate remains unchanged. Sterling dipped below the 1.29 level against the US dollar after the announcement.
The US dollar keeps outperforming the yen during this week, following a green candle on Friday last week. It accounts with four consecutive sessions of gains. The Bollinger band is widening and now positioned at 115.05. Though, a pull back till the weekly R1, at the 113.47 level cannot be ruled out, as the exchange rate consolidates before Friday’s CPI and retail sales data.
The Energy Information Administration showed US crude stockpiles dropped 5.2 million barrels in the week ended May 5, far exceeding market expectations. A report noticed it yesterday. Intraday changes (1106 GMT) sets prices for ICE Brent Crude Oil at 50.88 (1.31% higher) and NYMEX Crude Oil at 47.95 (1.31% higher).
Mr. Michael Bloomberg wrote an interesting article about Trump’s firing of Comey (FBI director). An article, obviously released on Bloomberg, suggested by Dukascopy’s Thursday morning press review. Some interesting quotes of it:
The Bank of England announced a few minutes ago that its main interest rate remains unchanged. Sterling dipped below the 1.29 level against the US dollar after the announcement.
The US dollar keeps outperforming the yen during this week, following a green candle on Friday last week. It accounts with four consecutive sessions of gains. The Bollinger band is widening and now positioned at 115.05. Though, a pull back till the weekly R1, at the 113.47 level cannot be ruled out, as the exchange rate consolidates before Friday’s CPI and retail sales data.
The Energy Information Administration showed US crude stockpiles dropped 5.2 million barrels in the week ended May 5, far exceeding market expectations. A report noticed it yesterday. Intraday changes (1106 GMT) sets prices for ICE Brent Crude Oil at 50.88 (1.31% higher) and NYMEX Crude Oil at 47.95 (1.31% higher).
Mr. Michael Bloomberg wrote an interesting article about Trump’s firing of Comey (FBI director). An article, obviously released on Bloomberg, suggested by Dukascopy’s Thursday morning press review. Some interesting quotes of it:
In any event, it is likely to obstruct whatever is left of Trump’s legislative agenda. Comprehensive tax reform just got an awful lot harder, as did nearly every other challenge facing the nation, both foreign and domestic: infrastructure, health care, immigration, trade and others.
(...)
Firing Comey without recognizing the obvious conflict-of-interest inherent in the decision reflects Trump’s modus operandi: refusing to release his tax returns, refusing to sufficiently distance himself from his business interests, refusing to rein in family members who are profiting from the Trump name and connections.
(...)
Firing Comey without recognizing the obvious conflict-of-interest inherent in the decision reflects Trump’s modus operandi: refusing to release his tax returns, refusing to sufficiently distance himself from his business interests, refusing to rein in family members who are profiting from the Trump name and connections.
