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Day: May 8, 2015
May 82015
US Dollar Index Gains as Traders Await Jobs Report
US dollar index is higher today as traders wait for the release of the nonfarm payrolls report from April. Dollar is mixed against individual currencies. The US dollar is mixed against individual currencies right now, gaining against the euro and the yen, but down against the pound. Greenback has also slipped against the loonie on the higher price of oil today. Even so, the dollar index is trading higher, thanks […]
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May 82015
Conservative Win Propels UK Pound Higher
UK pound is surging today, thanks to the probable win for the Conservatives. It looks as though David Cameron is likely to remain Prime Minister, and that is leading to strong support for the sterling across the board. Financial markets in the United Kingdom are celebrating the likely Conservative majority in Parliament. It looks as though the outcome of the UK elections will be David Cameron remaining Prime Minister. The FTSE 100 is much higher […]
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May 82015
Worrying Nonfarm Payrolls Report Wreaks Havoc in EUR/USD
The euro stayed in a rather boring sideways market against the US dollar during the early European session today. Everything changed when the US employment report has been released. It showed some mixed data, which pushed the EUR/USD pair first up, then down, then up and down again, producing a significant volatility burst. However, it failed to produce any meaningful trend in the Forex pairs. Nonfarm payrolls […]
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