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Day: January 14, 2016
January 142016
EUR/USD Consolidates, Retreating After Rally
EUR/USD edged higher today, but the rally was limited by minutes of the European Central Bank’s latest policy meeting. They showed that European policy makers are willing to add more stimulus to boost inflation. Turning to US economic data released during the current trading session, unemployment claims unexpectedly rose last week while import and export prices dropped last month. Currently, EUR/USD is consolidating but […]
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January 142016
Euro Gets Help From Expectations of Limited Stimulus
Euro is getting a little help today in Forex trading on the expectation that further stimulus is likely to be limited. With markets struggling, and safer assets likely to be supported, the need for stimulus is weakening. Many analysts and traders had expected something dramatic from the ECB’s meeting in December. However, the situation didn’t pan out, and policymakers didn’t do anything drastic. Now, many doubt that the ECB will […]
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January 142016
Economic News Weighs on UK Pound
Economic news is weighing on the UK pound today, bringing it down against major counterparts. Industrial and manufacturing production numbers are lower than expected, and that indicates that UK economy is slowing. The latest numbers out of the United Kingdom have been disappointing, with industrial production falling 0.7 per cent in November from the previous month. Manufacturing production fell by 0.4 per cent, when an expansion […]
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January 142016
Japanese Yen Hurt by Domestic Economic Data
The Japanese yen declined against the US dollar and the euro today as economic data released from Japan over the current trading session was detrimental to the currency. The yen may yet bounce with the help of waning trader’s optimism. Core machinery orders tumbled 14.4 percent in November from the previous month, almost two times the forecast drop. The Producer Price Index dropped 3.4 percent in December from a year ago compared […]
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January 142016
Australian Dollar Fails to Rally on Employment Data
The Australian dollar has attempted to rally on the back of positive domestic employment data released today but failed as the market sentiment slipped back into the risk-off mode. Australian employment fell by 1,000 in December compared to the predicted drop by 11,000. The unemployment rate stayed at 5.8 percent while experts had predicted an increase to 5.9 percent. The Aussie has rallied after the report but backed off by now as the traders’ mood worsened, spoiled […]
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