Day: January 13, 2016

January 13
2016

EUR/USD Inches Higher During Wednesday’s Trading

EUR/USD ticked higher during the Wednesday’s trading session as markets stabilized following the release of favorable macroeconomic data from China. Now, traders wait for the speech of Mario Draghi on Thursday, hoping for some suggestions regarding future actions of European policy makers. US crude oil inventories increased by just 0.2 million last week compared to the median forecast of 1.9 million. The stockpiles shrunk by 5.1 million the week before. Total motor […]

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January 13
2016

US Dollar Continues to Gain Ground as Uncertainty Remains

US dollar is heading higher today against many of its major counterparts, thanks in large part to some of the uncertainty still in the markets. With the concerns about China, the United States remains the economic safe haven. China has been shaking up markets this week. Even though stocks are looking to regain some of their recent losses, there is still uncertainty surrounding the world’s second-largest economy. As a result, […]

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January 13
2016

Swiss Franc Moves Down as Risk Sentiment Improves

The Swiss franc dropped today as the traders’ mood improved, giving market participants less incentive to buy the currency as protection against risks associated with stalling global economic growth. Positive news from China alleviated fears among investors, making them more bold and willing to buy riskier assets with prospects for higher returns. Consequently, this made safe currencies, like the franc, less attractive. Additionally, comments from […]

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January 13
2016

European Bond Yields Remain in Check

Bond yields in the eurozone are still in check, thanks in large part to better news out of China and better stock performance. The euro is heading a little lower, and there are expectations for the 19-nation currency to struggle the rest of the year. Yields on European bonds are a little bit lower today, following auctions by Germany and Italy. Belgium and Spain are expected to sell some bonds soon as well. However, even with bond yields […]

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January 13
2016

Australian Dollar Firms with Market Sentiment

Today, the Australian dollar rose together with other currencies linked to growth and commodities as positive trade data from China helped to alleviate risk aversion on markets. China’s trade surplus widened to $60.09 billion in December from $54.10 billion in November while analysts had expected it to narrow to $53.00 billion. The news helped the market sentiment but does not necessarily bode well for the export-oriented Australian economy as China’s imports […]

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