Day: November 13, 2015

November 13
2015

EUR/USD Reverses Thursday’s Gains

EUR/USD was rising yesterday but erased its gains today even though economic data from the United States was mixed. Speculations about the possible December interest rate lift-off by the Federal Reserve continue to weigh on the currency pair. Additionally, growth of the eurozone economy trailed economists’ expectations. (Event A on the chart.) The euro attempted to rally despite the worse-than-expected data but failed. Looking at US indicators released over Friday’s session, […]

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November 13
2015

Canadian Dollar Mixed Close to End of Trading

The Canadian dollar was mixed today, falling against the US dollar, rising versus the euro and staying flat against the Japanese yen. The Canadian dollar showed no clear trend during Friday’s trading. The currency fell against the strong greenback, gained on the vulnerable euro and moved little versus the yen. Over the longer term, crude oil remains a negative factor for the currency. Prices for the commodity dropped more than 2 percent today. […]

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November 13
2015

Euro Continues to Struggle on Stimulus Expectations

The eurozone once again missed estimates for GDP and officials continue to talk about more stimulus. As a result, the euro is once against struggling against many of its major counterparts in Forex trading. The results for the third quarter economic reports are in for the eurozone, and once again the 19-nation currency region has disappointed analysts. GDP rose by 0.3 per cent for the third quarter, after seeing 0.4 per cent growth in the previous quarter. […]

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November 13
2015

Greenback Clings to Gains After Retail Sales Data

US dollar is clinging to earlier gains following the release of disappointing retail sales data. The dollar index is higher today, even with the disappointing news and disappointment in the lack of stronger signals from the Federal Reserve. Even though many expect the Federal Reserve to begin raising rates in December, stronger signals of this policy are lacking right now. On top of that, the latest retail sales data has disappointed investors […]

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November 13
2015

Yen Pares Losses vs. Dollar & Pound

The Japanese yen pared its earlier losses against other majors, including the US dollar and the Great Britain pound, today. Economic data released over the Friday’s session from Japan was good but did little to help the currency. Japan’s industrial production rose 1.1 percent in September on a seasonally adjusted basis according to the revised estimate, which was a bit above the preliminary figure of 1.0 percent. Yet the report had […]

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November 13
2015

Australian Dollar Gains for Third Session

The Australian dollar continued to rise today for the third consecutive trading session. Yesterday, the currency demonstrated substantial gains due to an amazing jobs report from Australia. Australian employers added as much as 58,600 jobs in October compared to the median forecast of 14,800. The unemployment rate fell unexpectedly from 6.2 percent to 5.9 percent. The Aussie slowed its rally today but was still trading near the highest level in a week against its […]

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