• Trade Magnates on Facebook
  • Trade Magnates onTwitter
  • Trade Magnates YouTube Channel
  • Trade Magnates on LinkedIn

© 2019 Trade Magnates. All Rights Reserved

Risk Disclosure: Trade Magnates will not accept any liability for loss or damage as a result of reliance on the information contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
Trade Magnates would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Hence, Trade Magnates doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Please be also aware that any content in relation to trading signals, technical analysis or any similar information/content, may not be accurate and you should seek multiple information and make your own trading decisions. 
Contact us: info@trademagnates.com Location: United Kingdom

Search

The U.S. Dollar Edged Lower Prior Tax Bill, While Sterling Moved Higher Amid Rate Hike Expectations



Trade Magnates – The dollar moved lower on Thursday with the EURUSD trading at 1.1610 level after reaching five-day highs at 1.1670 and USD index at 94.52 down by 0.16%. Investors are looking forward for the U.S. tax bill release after being delayed for a day.

The dollar rose in recent months amid expectation of a Fed’s hike by the end of the year, however, the fed left the rates unchanged on Wednesday which might be another signal towards hiking the rates next month.

In the meantime, President Donald Trump is expected to pick the next head of the Federal Reserve. Reports have indicated that the strongest candidate is Fed Governor Jerome Powell, who is more dovish than other candidates.

In the Eurozone, BoE policy decision is expected later in the day, the pound has moved higher with EURGBP at 0.8770 and GBPUSD at 1.3268. Bank of England is expected to raise interest rates for the first time since 2007.

#USD #GBP #Forex #BoE #Trump #FederalReserve #RateHike #JeromePowell #FED #US #BankofEngland #Currencies

XM.jpg
XM2.jpg