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Day: March 24, 2015
March 242015
Swiss Franc Strongest on FX Market During Tuesday’s Trading
The Swiss franc was among the strongest currencies on the Forex market today, extending its rally that the currency has started earlier this month. The Swissie found demand among traders after other traditional safe currencies, like the dollar and the yen, have lost steam. The franc made a huge leap after the Swiss National Bank unpegged the currency from the euro, but the Swissie was falling steadily after that. Yet […]
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March 242015
Euro Retreats After Positive Reports from the United States
Initially, it looked like the euro is going to extend its gains through the Tuesday’s trading session with the help of macroeconomic data from Europe. Yet the currency retreated after the release of US reports that were good as well. The shared 19-nation currency was rising for the first part of the session as European economic indicators were mostly good. The currency attempted to hold ground even the first economic release from the USA […]
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March 242015
Australian Dollar Jumps After Trading Flat amid Mixed Fundamentals
The Australian dollar was under pressure during the current trading session after a private report showed that China’s manufacturing was deteriorating this month. Yet the currency did not move far initially as other data from China was not bad and the domestic indicators were supportive as well. The Aussie made a sharp jump just recently. The HSBC Flash China Manufacturing Purchasing Managersâ Index dropped from 50.7 […]
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March 242015
No Inflation in Great Britain, Pound Slides
The Great Britain pound dropped after an official report showed that consumer prices in the United Kingdom were unchanged from the previous year. The data weighed on the currency, sending it into the second consecutive daily decline. The Office for National Statistics reported that the Consumer Price Index showed no change in February from the same period a year ago. The report frustrated economists who were counting on at least some growth even […]
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March 242015
Higher Oil Helps Canadian Dollar
Canadian dollar is getting some help today from higher oil prices. Dollar weakness has set in, and oil prices are moving higher, providing the loonie with a bit of an advantage. Canadian dollar has struggled quite a bit recently, thanks largely to floundering oil prices. Oil has been lower, thanks to increased supply, and that has weighed on the loonie, which is connected to oil prices. Now, […]
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March 242015
US Dollar Falls as Rate Hike is Pushed Back
One of the things supporting the US dollar in recent months has been the expectation that a rate hike from the Federal Reserve is just around the corner. With the rate hike likely being pushed back, and with commodities gaining ground, the US dollar is dropping. Greenback is mostly lower today against its major counterparts as Forex traders consider that the Federal Reserve rate hike may not be […]
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March 242015
EUR/USD Ends Rally After Positive US Data
EUR/USD was rising higher at the first half of the current trading session, extending its gains. Yet the rally has come to an end after the data showed that the US inflation bounced in February after the previous month’s drop. The currency pair maintained losses after the positive housing report. CPI rose 0.2% in February, matching forecasts exactly, after the 0.7% drop in January. (Event A on the chart.) Richmond Fed manufacturing index dropped […]
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