Day: November 6, 2015

November 6
2015

EUR/USD Slumps as NFP Surprises with Stellar Reading

EUR/USD sank more than 1 percent today after US nonfarm payrolls demonstrated impressive growth that was way bigger than forecasts had promised. Now, the market prices in a big probability of an interest rate hike from the Federal Reserve as soon as the next month. Of course, this is very beneficial for the US dollar. Nonfarm payrolls climbed by 271k in October. That is compared to the median analysts’ forecast of 181k […]

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November 6
2015

CAD Drops vs. USD, Supported vs. Other Majors by Employment

The Canadian dollar fell more than 1 percent against the US dollar after the release of US employment data. The loonie performed better against its other most-traded peers as the employment report from Canada itself was also good. Canadian employers added 44,000 jobs in October. That is compared to the forecast increase of 9,500 and the previous month’s growth of 12,100. Moreover, the unemployment rate ticked down by 0.1 percentage point […]

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November 6
2015

Dollar Soars After NFP, Market Readies for December Hike

The US dollar surged 1.5 percent versus the euro and soared against other major currencies as well today after the release of very strong non-farm payrolls. Now, the market is pricing in a December rate hike that looks very probable. US non-farm payrolls jumped by 271,000 in October, demonstrating the far bigger rate of growth than the predicted 181,000 and the previous month’s 137,000. The unemployment rate ticked down by 0.1 percentage point […]

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November 6
2015

Warnings Against Brexit Continue as UK Pound Trades Mostly Lower

UK pound is mostly lower today, thanks to yesterday’s rate news from the Bank of England. Also, concern that the UK might leave the European Union is affecting the sterling a little bit. UK pound is mostly lower against its major counterparts today, struggling after yesterday’s Bank of England information. Once again, most of the policymakers at the BOE aren’t ready to raise interest rates. Even though there […]

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