Tag: Dollar

Pound Tumbles on Brexit Concerns

Pound Tumbles on Brexit Concerns

The pound was down 1.13% against the U.S. and 0.77% against the Euro at 21:15 GMT, as concerns regarding the nature of Britain's exit from the European Union push the currency to a three-month-low. Beginning the trading week down almost 2% against the dollar in early-hour trading, the British pound remained a vivid illustration of … Continue reading Pound Tumbles on Brexit Concerns

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Political Uncertainty Pushing Gold Up

Political Uncertainty Pushing Gold Up

Gold rose on the notion of increasing political uncertainty and a weakened dollar, after a disappointing press-conference for analysts hoping for some insight into the impending economic conditions during the imminent Trump administration. For months gold rallied and fell, as the tone of political certainly came and went with the results from various polls during … Continue reading Political Uncertainty Pushing Gold Up

The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

The FTSE 100 index enjoyed a December 2016, and New Year on a month-long trend of significant growth, as the index continues to increase subsequent to the Brexit referendum. From the June 23 referendum on Britain's membership of the E.U. the pound has maintained a general trajectory of significant increase, albeit maintaining a simultaneous notion … Continue reading The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

Gold enjoyed a modest rise over the course of 2016, with occasions of significant volatility adding to its increase. With gold enjoying consecutive weeks of increase over the period leading up to Brexit, in which it 6 week increase in value, rising from a low of $1.199.90/ounce at the concluding trading week of May, and increasing … Continue reading The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

Optimism High of Dow 20,000 in Next Trading Week

Optimism High of Dow 20,000 in Next Trading Week

The Dow Jones Industrial Average came within a decimal point of reaching the coveted 20,000 mark Friday, after a poor start to the trading session. Since late November traders and analysts have been predicting the Dow to hit the 20,000 mark each week, to no avail. However, on Friday the index rose within a decimal … Continue reading Optimism High of Dow 20,000 in Next Trading Week

Dollar Reverses Losses Against Pound from Previous Trading Sessions

Dollar Reverses Losses Against Pound from Previous Trading Sessions

The dollar rose against many of the currencies it sustained losses against in the wake of Wednesday's release of minutes from the Feds December meeting, from which investors and analysts were attempting to deduce the possibility of an interest rate increase in 2017. Despite incurring a significant drop against the British pound in the two … Continue reading Dollar Reverses Losses Against Pound from Previous Trading Sessions

Gold Falls on Stronger Dollar

Gold and other dollar-denominated commodities fell as the dollar rose on strong wage growth figures released Friday, from December 2016's jobs report. Despite a slight increase in joblessness, with a rise from the 4.6% unemployment rate in November 2016, to 4.7% in December, wage growth propelled the dollar upward, reversing many of the losses it has … Continue reading Gold Falls on Stronger Dollar