country flagالعربية

The Dollar is heading for a weekly closing in red

2019-02-22 09:42 am | Resource: NEWS | No Views : 169

The dollar traded on Friday after a series of losses since the beginning of the week, which improved slightly yesterday after durable goods data and unemployment claims

US unemployment claims for the first time fell more-than-expected in the week ending Feb. 16, falling to 216,000, down 23,000 from the previous unadjusted level of 239,000. Economists had expected jobless claims to fall to 229,000. According to data released by the Ministry of Commerce.

Durable Goods orders rose 1.2% in December, after jumping 1% in November. Economists had expected durable goods orders to rise by 1.5%, compared to a 0.7% increase announced last month.

Markets in Europe continued to fluctuate in the pre-sell market as investors focused on Brexit developments and ongoing trade negotiations between the US and China, which are due to close later in the day. Michel Barnier, chief EU negotiator for the European Union, said earlier in the morning that he was becoming more concerned about the possibility of a strong exit from the EU, with "very serious" consequences.

Tensions between the UK and China declined

China is ready to host Britain's Chancellor of the Exchequer Philip Hammond for trade talks after Defense Secretary Gavin Williamson criticized his threat to send a warship to the South China Sea, Chinese Foreign Ministry spokesman Jing Shuang told a press conference Friday.

Earlier, Hammond claimed that Williamson's comments were inconsistent as decisions about deploying the aircraft carrier should not be taken by him but by the British National Security Council. "This is quite premature, the aircraft carrier will not be on full operational readiness for another two years," said the consultant. "When these decisions are made, they will be issued at the National Security Council," Hammond said, stressing that London should conduct its relations with Beijing "with great caution."

Last week, China canceled scheduled trade talks with the United Kingdom as a result of Williamson's threats to Britain, which is deploying the Royal Navy, the Queen Elizabeth, loaded with two F-35s into the disputed area of ​​the South China Sea.

Dollar Trading
  • The dollar index, which measures the greenback versus a basket of major currencies, is at 96.428. This fell by 0.5%
  • The Euro was trading flat at $ 1.1347, up 0.1%
  • While the British Pound fell at $ 13033, down 0.1%.
  • The Dollar was steady against the Yen with no significant changes, as the USD / JPY pair is trading at 110.75.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.