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Day: January 27, 2015
January 272015
Pound Drops After GDP Disappoints, Resilient vs. Dollar
The Great Britain pound fell against some of its major counterparts today as economic growth of the United Kingdom disappointed market participants. Surprisingly enough, the sterling was able to gain on the US dollar. The Office for National Statistics reported that UK gross domestic product rose 0.5 percent in the fourth quarter of 2014 from the previous three months. The growth was below the market expectations of 0.6 percent and previous quarter’s expansion by 0.7 […]
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January 272015
Swiss Franc Rebounds After Drop on Intervention Speculations
The Swiss franc dipped earlier today on speculations that the Swiss National Bank will intervene to bring the exchange rate down. The currency bounced later and trades above the opening level against the US dollar as of now. There were rumors that the SNB may intervene to lower the value of the Swissie, though there were no confirmation from central bank’s officials. The franc jumped sharply after the SNB shocked the market by unexpectedly dropping […]
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January 272015
Greenback Continues to Pull Back
Greenback is pulling back against its major counterparts today, heading lower with some correction in the market. Also sending the dollar lower are expectations that the recent dollar bubble might burst. US dollar has been strong for quite some time, and, in reality, the dollar is still fairly strong. However, the greenback is losing some ground against its major counterparts today. Dollar is […]
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January 272015
EUR/USD Jumps on Mixed US Data as Traders Wait for Fed
EUR/USD climbed 1.1 percent today as mixed US data weakened the dollar, while the euro maintained its strength. The euro was firm even after the anti-austerity Syriza party won the elections in Greece on the weekend. Ahead of the voting, market analysts considered such outcome detrimental to the euro but changed their thinking after the elections. The Federal Reserve will conduct monetary policy meeting tomorrow, and traders wait for the Fed decision that […]
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