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Day: November 2, 2015
November 22015
EUR/USD Backs Off During Monday’s Trading
EUR/USD retreated on Monday after two sessions of gains even though manufacturing reports released from Europe today were rather good. US manufacturing also showed decent performance. All in all, Monday’s economic data did not provide surprises, being in line with expectations. Traders wait for US nonfarm payrolls scheduled for release on Friday (as usually) as the employment report might be the key factor for the Federal Reserve to decide […]
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November 22015
Loonie Continues to Fall as Money Flows Out of Canada
Canadian dollar is falling today after a relatively successful run last week. With the oil boom over for Canada, though, there is a lot of money flowing out of the country and the loonie is dropping as a result. Last week, loonie had a relatively successful week. This week, though, most of that success is gone as oil prices continue their drop and as Forex traders take profits. With concerns about […]
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November 22015
Manufacturing Data, Draghi Comments Lift Euro
Euro is heading higher today, enjoying a rally as the latest news out of the eurozone supports the 19-nation currency. Manufacturing data and the latest comments from ECB President Mario Draghi are providing support. Euro is getting a little help today from the latest economic data out of the eurozone. According to Markit Economics, a Purchasing Managers’ Index rose from 52.0 to 52.3 in October. This improvement was unexpected, and is helping […]
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November 22015
Australian Dollar Higher After Australian & Chinese Data
The Australian dollar gained today after the release of mixed economic data from China and the positive report from Australia itself. The manufacturing Purchasing Managers’ Index released by the China Federation of Logistics and Purchasing was flat at 49.8 in October, indicating contraction of the sector, while analysts had promised an increase to the neutral 50.0 level. At the same time, the Caixin manufacturing PMI climbed to 48.3 in October from 47.2 in September, exceeding the median forecast of 47.7. […]
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