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Day: January 16, 2015
January 162015
Japanese Yen Mostly Lower After Yesterday’s Gains
Yesterday, the Japanese yen saw gains as jitters sent Forex traders to safe havens, and as reports came in about a reduction in trade deficit. Today, though, many majors have recovered against the yen, and the currency is mostly lower. Yen got a boost against many of its major counterparts yesterday, thanks in large part to market concerns. US economic data didn’t come out as well as expected, and that provided the yen gains […]
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January 162015
EUR/USD Pushed Down by Poor US Fundamentals
EUR/USD was falling during almost whole trading session today. It reacted negatively both to positive and negative US data reports. It entered a significant correction wave after setting a new long-term low at 1.1459. Nevertheless, the currency pair was clearly in a downtrend today. US CPI fell by 0.4% in December after declining by 0.3% in November. Such deflation has been expected by the markets. (Event A on the chart.) Both industrial […]
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