Day: January 15, 2015

January 15
2015

Greenback Mostly Lower on Disappointing Data

The US dollar is mostly lower today, with the dollar index dropping, as Forex traders consider the recent data release. Lackluster data has many rethinking the idea that the Federal Reserve will raise rates in the immediate future. Instead, it looks as though there will be a little more wait and see happening. Recent retail sales figures for the United States showed that they fell 0.9 per cent. […]

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January 15
2015

SNB Removes Franc Cap, EUR/CHF Reaches 0.94

Three years and four months after introducing its controversial 1.2000 EUR/CHF floor, the Swiss National Bank is abandoning it. At the same time, SNB decreased the interest rate from its current -0.25% to -0.75%. EUR/CHF reaction is predictably volatile. The currency pair lost 2600 pips in under 25 minutes. It bounced from 0.94 support level and currently looks to be more or less stable near 1.04. […]

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January 15
2015

Dollar Continues to Rise vs. Euro Following CHF Volatility

The US dollar continued to grow against the euro following a huge wave of FX volatility generated by SNB’s cancellation of EUR/CHF floor (Event A on the chart.) EUR/USD went down to 1.1565 during that turbulence period but then recovered. The currency pair continued to decline following good fundamental reports from the United States. Even poor initial jobless claims report could not stop the euro from falling. Initial jobless claims […]

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