The EUR/USD currency pair today rallied higher briefly after the release of negative US weekly jobless claims data by the US Department of Labor. The currency pair’s rally was also due to US dollar weakness precipitated by the disappointing US producer price index data, which was also released today, but fell short of expectations. The EUR/USD currency pair rallied by over 40 points from its daily low after … “EUR/USD Rallies Briefly Post US Jobless Claims and PPI Data”
Author: admin_mm
British Pound Rallies Slightly Against US Dollar on Mixed UK Data
The British pound today rallied slightly higher against the US dollar after the release of mixed macro data from the UK docket. The release of positive industrial production data by the Office for National Statistics boosted the British pound even as the construction output and trade balance figures missed expectations. The GBP/USD pair opened the day’s session trading downwards, but the release of macro data from the UK docket allowed the pair to rally higher by over … “British Pound Rallies Slightly Against US Dollar on Mixed UK Data”
US Dollar Erases Earlier Gains as Geopolitical Tensions Increase
The US dollar surged against a number of its major peers on Wednesday before giving up most of its gains, as traders focused on rising geopolitical tensions between the United States and North Korea. The greenback had little support from mixed economic data in the United States today as a report showed that while nonfarm productivity rose in the second quarter of 2017, labor costs lagged behind. In the latest development to the existing geopolitical tensions … “US Dollar Erases Earlier Gains as Geopolitical Tensions Increase”
US Dollar Surges Against Euro on Record High Job Openings in June
The US dollar touched its best level in eight days against the euro on Tuesday following a report that revealed the highest job openings in record in the United States. An index that tracks the strength of the greenback against other major currencies also rose today to reach its strongest level in two weeks. The Bureau of Labor Statistics said in a report that was released this afternoon that the number of job openings increased 461,000 … “US Dollar Surges Against Euro on Record High Job Openings in June”
EUR/USD Trades Sideways on Weak German Trade Balance Data
The EUR/USD currency pair today traded sideways for most of the European session as the markets reacted to empty dockets both in Europe and the United States. The release of the German trade balance data late in the Asian session did not provide any impetus to the single currency as the pair continued to trade sideways. The EUR/USD pair was trading in a 27 point range for most of today’s session ahead of the beginning of the North American session. The currency pair was trading … “EUR/USD Trades Sideways on Weak German Trade Balance Data”
EUR/USD: Enough For Now But Risk Of Testing 1.20
EUR/USD is still consolidating around 1.18, taking its sweet time after a turbulent and busy week. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that the move up in EUR/USD from the low 1.16s to above 1.18 in the past fortnight (high of 1.1910 on August 2nd) has taken … “EUR/USD: Enough For Now But Risk Of Testing 1.20”
A Future Prediction on Cryptocurrencies
Oh, 2013. How young we all were. When Bitcoin took off in 2013 the world felt like a different place. Cryptocurrencies were suddenly the future of currencies, with regular currencies immediately looking careworn. Silk road, the blockchain, the search for Satoshi Nakamoto, tax departments trying to grab revenue, the me-too currencies surfacing everywhere, the unlinking … “A Future Prediction on Cryptocurrencies”
Bank of England Makes Pound End Week Extremely Soft
While US nonfarm payrolls were arguably the most important economic release for the Forex market during the past trading week, the Bank of England policy meeting held special significance for the Great Britain pound. Traders were rather optimistic ahead of the BoE meeting, leading to a rally for the sterling. Yet the rally came to an abrupt end after the central bank demonstrated dovish stance and revised growth forecasts down. Friday’s nonfarm payrolls were … “Bank of England Makes Pound End Week Extremely Soft”
Pound Heads to Worst Two Days in Almost a Month
The Great Britain pound fell against its most-traded rivals during the Friday’s trading session as better-than-expected US nonfarm payrolls prompted market participants to trim long positions on other currencies. The official report about US jobs market turned out to be rather good, with all indicators being solid. In particular, employment rose by 209,000 last month, exceeding the average forecast of 182,000. With that said, there were … “Pound Heads to Worst Two Days in Almost a Month”
US Dollar Surges on Impressive Job Gains and Shrinking Trade Deficit
The US dollar surged against the euro and other major counterparts on Friday, as the economy in the United States created more jobs than expected in July. The gap between US imports and exports narrowed in June, which pushed an index that tracks the greenbackâs strength toward its best level in 7 trading sessions. The Bureau of Labor Statistics said in an employment report that was released earlier today that nonfarm labor payroll gained … “US Dollar Surges on Impressive Job Gains and Shrinking Trade Deficit”