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Day: May 6, 2015
May 62015
US Dollar Continues to Struggle After Disappointing Trade Data
US dollar continues to struggle today, thanks to yesterday’s release of disappointing trade data. Economic reports are dampening hopes for an interest rate hike from the Federal Reserve, and that is weighing on the greenback in Forex trading. Even though the US dollar has been paring losses against the yen, it is still lower against that currency, and down against the pound and the euro as well. The dollar index is losing ground as the greenback […]
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May 62015
Japanese Yen Mostly Weaker as Traders Await Data
Japanese yen is mostly lower today as traders await data. The currency has been gaining against the US dollar, but those gains are now a little bit limited, and things could be turning around for the USD/JPY pair. There isn’t a lot of data for the Japanese yen to use so far this week. There should be PMI data later in the week, but for now, there isn’t much for the yen […]
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May 62015
EUR/USD Soars on Poor Employment Expectations
The currency pair was rising steadily before the opening of the European trading session today. The rally did not last long following the not-so-goodMarkit PMI and retail sales reports from the eurozone (events A and B on the chart). The correction ended when the US employment data from ADP had been released. ADP employment added 169k jobs in April after 175k growth in March (revised down from 189k). It also fell […]
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