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Day: December 11, 2015
December 112015
EUR/USD Struggles to Rally
EUR/USD was attempting to rally today but had troubles in keeping gains. The rally was limited by the outlook for monetary tightening from the Federal Reserve, which was supported by the positive macroeconomic reports released from the United States over Friday. PPI rose 0.3% in November after falling 0.4% in October. Experts had not anticipated any change to the index. (Event A on the chart.) Retail sales were up 0.2% in November, matching […]
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December 112015
Pound Rebounds vs. Dollar, Falls vs. Other Major Rivals
The Great Britain pound bounced against the US dollar after yesterday’s drop. The currency declined against other major rivals, including the euro, as the monetary policy decision of Britain’s central bank continued to weigh on the sterling. Yesterday, the Bank of England kept its interest rates and the size of asset purchase program unchanged. The accompanying statement was considered to be rather dovish by market participants, resulting in weakness of the pound. Now, traders wait for next […]
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December 112015
Euro Continues to Gain Steam
Euro continues to gain ground today, heading higher against other major currencies. Euro is improving, and some forecasters have revised their expectations for next year’s performance. Thanks to the latest ECB decision that didn’t live up to expectations for exotic attempts to continue easing, the euro is heading higher right now. Even with somewhat anemic French economic data, the euro is still forging ahead against […]
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December 112015
Greenback Pulls Back as Traders Consider the Future
US dollar is lower today, dropping as Forex traders and analysts consider what’s next and try to look ahead to 2016. Even though the greenback is lower today and set to end the week with losses, there are some expectations that 2016 might be the year of the dollar. For now, the dollar is down as Forex traders have, for the most part, already priced in the expected Fed rate hike next week. Uncertainty […]
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December 112015
Aussie Erases Gains Cause by Amazing Employment Data
The Australian dollar dropped today, falling more than 1 percent against its major peers and erasing its previous gains, as traders continued to anticipate an interest rate hike from the Federal Reserve. Yesterday, the currency jumped due to a positive employment report. Australian employment expanded by 71,400 jobs in November instead of falling by 10,000 as was predicted by analysts. Furthermore, the unemployment rate ticked down by 0.1 percentage point to 5.8 percent […]
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