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Day: September 1, 2015
September 12015
Lower Eurozone Unemployment Helps the Euro
Euro is getting some help today from the fact that the latest unemployment numbers are showing improvement. With lower unemployment levels and Forex traders still interested in the carry trade, euro is getting some help today. Looking across the eurozone, Eurostat reports that the average unemployment for July was 10.9 per cent. This is the lowest level for eurozone unemployment since early 2012. Coupled with […]
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September 12015
Loonie Bounces as Canadian Economy Exits Recession
The Canadian dollar repeated yesterday’s performance today, falling at the first half of the trading session but bouncing later. The currency did not completely erase its losses against the euro and the Japanese yen but managed to rebound to the opening level versus the US dollar. Canada’s gross domestic product rose 0.5 percent in June after falling for several consecutive months. What is more, the growth was bigger than analysts had […]
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September 12015
Aussie Falls on RBA, China Concerns
Australian dollar is struggling today, falling after the Reserve Bank of Australia voted to remain in a holding pattern on interest rates. Additionally, Aussie is finding it difficult to overcome the issues related to slowing Chinese growth. For the fourth month in a row, the Reserve Bank of Australia has kept rates at a low 2 per cent. While this move was expected, it still doesn’t do much to bolster the Aussie in Forex trading. […]
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September 12015
EUR/USD Retains Gains for Second Day
EUR/USD continued to rally for the second trading session today. While the currency pair trimmed its gains as of now, it still remained far above the opening level. Poor economic data from the United States did not allow EUR/USD to retreat too far. Final Markit manufacturing PMI was at 53.0 in August. While the reading was far above the neutral 50.0 level and almost the same as the flash estimate and analysts’ expectations, […]
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