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Day: July 10, 2015
July 102015
Canadian Dollar Supported by Employment Data
The Canadian dollar leaped against the US dollar and the Japanese yen (though fell versus the euro) after the release of employment data from Canada. While the report was not good strictly speaking, it was not as bad as economists had feared. Canadian employment shrank by 6,400 jobs in June (almost zero percent) compared to the median forecast of a 9,100 drop. The decrease followed the hefty gain by 58,900 in May. The unemployment rate held […]
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July 102015
Pound Rallies, Boosted by UK Data & Market Sentiment
The Great Britain pound rallied today, getting help both from domestic macroeconomic reports and the positive general market sentiment. The currency jumped almost 2 percent against the Japanese yen. The UK trade balance showed a deficit of £8.0 billion in May, shrinking instead of rising as was predicted by analysts. It was the smallest trade gap since June 2013. Not all reports were good, though, as construction output contracted […]
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July 102015
Australian Dollar Continues to Rally, Ignoring Negative Domestic Data
The Australian dollar continued to rally today even though domestic macroeconomic data was rather detrimental to the currency. It looks like the trading environment continues to favor risky growth-related currencies. Australian home loans dropped 6.1 percent in May on a seasonally adjusted basis — almost two times the median analysts’ estimate. It was the biggest drop since December 2009. Still, the currency extended yesterday’s rally, most likely […]
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July 102015
Rally of EUR/USD Continues
EUR/USD continued to rally today, rising more than 1 percent, as the traders’ mood was quite optimistic. Greece proposed to implement some austerity measures in exchange for the next tranche of a bailout, and now EU officials will review them while the Greek parliament should vote whether to accept such plans. The Chinese stock market continued to recover after the recent crash, adding to the traders’ optimism. Meanwhile, economic data from the United […]
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