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Day: October 2, 2015
October 22015
Yen Soft Even After NFP Send Market into Turmoil
The Japanese yen was very soft today following a bunch of mixed economic reports released from Japan during the Asian trading session. The currency had attempted to rise after the release of US non-farm payrolls, but the attempt has failed and the yen kept gains only versus the US dollar (as of now USD/JPY has actually bounced back to the opening level). Japan’s seasonally adjusted unemployment rate ticked up by 0.1 percentage […]
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October 22015
US Dollar Sinks After Non-Farm Payrolls
The US dollar slumped after the release of US non-farm payrolls as the employment report turned out to be really terrible, clouding the outlook for timing of monetary tightening from the Federal Reserve. It is important to note that the currency is trying to fight back and is rising right now. Non-farm payrolls grew by 142,000 in September, nowhere near the predicted rate of growth of 201,000. What is more, the previous month’s increase was […]
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October 22015
Australian Dollar Gains on Japanese Yen, Less Successful vs. US Dollar
The Australian dollar ticked up against the Japanese yen during the Friday’s trading session due to positive macroeconomic data from Australia and the weakness of the Japanese currency. The Aussie was far less successful against the US dollar, trading close to the opening level. Australian retail sales rose 0.4 percent in August from July, in line with expectations. The indicator dropped 0.1 percent during the previous reporting period. The data helped the Aussie […]
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October 22015
Pound Gains as Construction Accelerates
The Great Britain pound gained today after a report showed that UK construction accelerated last month, adding to positive data released earlier this week. The Markit/CIPS UK Construction Purchasing Managersâ Index climbed from 57.3 in August to 59.9 in September, far above the median forecast of 57.5. Released yesterday, the seasonally adjusted Markit/CIPS Manufacturing Purchasing Managersâ Index was at 51.5 in September, almost unchanged from August’s reading […]
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October 22015
Abysmal Nonfarm Payrolls Spark Rally of EUR/USD
EUR/USD was moving slowly during at the first half of the current trading session but has surged after the release of US nonfarm payrolls. The report was not just worse than expected, it was really abysmal. Specialists say that it was the worst payrolls in 2015. Not only the data was bad by itself, it also made rather unlikely for the Federal Reserve to start monetary tightening this year. […]
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