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Day: October 5, 2015
October 52015
EUR/USD Fails to Extend Friday’s Rally
EUR/USD attempted to extend Friday’s rally today and was successful at first. Yet the rally halted as of 12:45 GMT, and the currency pair started to move down. This is rather surprising, considering that the Monday’s data from the United States was not good at all and should have been detrimental to the dollar. Final Markit services PMI fell from 56.1 in August to 55.1 in September. The median analysts’ forecast was almost the same […]
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October 52015
Loonie Continues to Gain Against Major Counterparts
Canadian dollar continues to gain against major counterparts today, heading higher as oil prices rise and as investors look to the announcement of the details for the Trans-Pacific Partnership. Loonie is higher today, thanks in part to changes in the global landscape. The details of the Trans-Pacific Partnership are being released, and that is helping the Canadian dollar a little bit. Additionally, higher oil prices are contributing to the loonie’s gains today. Also helping the Canadian dollar is […]
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October 52015
Euro Gets a Small Boost as Other Currencies Flounder
Euro is getting a small boost today, heading a little bit higher as other currencies flounder on the Forex market. Thanks to lackluster data in other areas, major currencies are losing ground to the euro. Disappointing data from the end of last week is affecting the performance of currencies against the euro. With the latest jobs data out of the United States, expectations for an interest rate hike by the end of the year are fading a little bit. […]
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