The British pound declined against the euro on Thursday, as worries continued following data that revealed weak growth for wages of British workers. Investors remained concerned today following a report published yesterday by the UK Office for National Statistics on the condition of the British labor market between October and December. The report, which revealed that wages rose by 2.6% in the last quarter of 2016 to miss estimates, warned that slower wage growth will harm … “British Pound Falls on Weak Wage Growth and Pessimistic Consumer Spending Outlook”
Month: February 2017
US Dollar Falls for Second Consecutive Day
The US dollar traded lower against the vast majority of most-traded currencies (with the exception of the very weak Australian dollar), falling for the second day in a row, even though macroeconomic data released from the United States was good for the most part. A bunch of US economic reports was released today, and most of them were very good. Of special note was the Philadelphia Fed manufacturing index that reached the highest level in in more … “US Dollar Falls for Second Consecutive Day”
EUR/USD Trades Higher as US Dollar Weakens Despite Fed’s Hawkish Outlook
The EUR/USD currency pair rallied higher today solidifying the gains made yesterday as the US dollar weakened based on weak housing starts data released by the Census Bureau today. The US dollar weakened against the euro despite the hawkish outlook reported by Fed chair, Janet Yellen, during her two-day Humphrey-Hawkins testimony before Congress. The currency pair had gained over 50 points during today’s session and had extended its rally … “EUR/USD Trades Higher as US Dollar Weakens Despite Fed’s Hawkish Outlook”
Forex Crunch wins FXStreet Best Buy Side Analysis Contributor
Forex Crunch is honored and pleased to announce that the site won FXStreet´s Forex Best Awards prize for the Best Buy-Side Analysis Contributor for 2017. This is the second year in a row of winning this award. Thank you very much to everybody that voted in both the popular vote: 2.623 valid votes were cast in one … “Forex Crunch wins FXStreet Best Buy Side Analysis Contributor”
Forex Crunch wins FXStreet Best Buy Side Analysis Contributor
Forex Crunch is honored and pleased to announce that the site won FXStreet´s Forex Best Awards prize for the Best Buy-Side Analysis Contributor for 2017. This is the second year in a row of winning this award. Thank you very much to everybody that voted in both the popular vote: 2.623 valid votes were cast in one … “Forex Crunch wins FXStreet Best Buy Side Analysis Contributor”
Market Sentiment Sours, Restoring Demand for Safety of Yen
The Japanese yen gained on its rivals during the current trading session as the market sentiment soured, making investors shun riskier assets and prefer safer ones. Market participants were a bit nervous ahead of the upcoming Group of Twenty meeting. In particular, they were concerned how the Trump administration will handle its coming out. The yen, being traditionally considered a safe currency, profited from such concerns. The Australian dollar, a risk-sensitive … “Market Sentiment Sours, Restoring Demand for Safety of Yen”
Employment Data Drives Australian Dollar Down
The Australian dollar dropped today after two consecutive sessions of gains, driven down by employment data. While the report might look good at the first glance, unwrapping it revealed that the situation on the Australian labor market was not that stellar. Australian employers added 13,500 jobs in January, according to the data from the Australian Bureau of Statistics, a figure that exceeded the average forecast of an increase by 9,700. The problem was that was … “Employment Data Drives Australian Dollar Down”
![Technical levels for majors and crosses post Valentine’s [Video]](https://investinearth.org/wp-content/uploads/2017/02/Fotolia_105942772_S-351x185.jpg)
Technical levels for majors and crosses post Valentine’s [Video]
The US dollar managed to gain back some ground thanks to Janet Yellen’s upbeat testimony as well as positive retail sales and inflation data. It is time to look at new levels. Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF as the US dollar looks for … “Technical levels for majors and crosses post Valentine’s [Video]”
EUR/USD: Targets For A Decline In H1 Before A Rally
EUR/USD managed to bounce from low support at 1.0520 after having dropped on good US data. What’s next? Here is their view, courtesy of eFXnews: It is all about the USD and about President Trump’s policies for the EUR for now. Indeed, the sell-off of the Trump trades so far this year, following some profit-taking … “EUR/USD: Targets For A Decline In H1 Before A Rally”
US Dollar Loses Wednesday’s Gains as Economic Data Turns to Worse
The US dollar rallied intraday on Wednesday thanks to positive economic reports released from the United States but lost its gains after US data turned to worse. The currency is trading flat against some rivals and lower against others as of now. The dollar had been trading strong on Wednesday initially due to positive inflation and retail sales data, as well as the amazing Empire State Manufacturing Survey. Ye the currency weakened … “US Dollar Loses Wednesday’s Gains as Economic Data Turns to Worse”