Day: April 20, 2016

April 20
2016

EUR/USD Goes Down After Three Sessions of Gains

EUR/USD fell for the first day in four during Wednesday’s trading. Prospects for monetary easing loom over the euro, liming the attractiveness of the currency to investors. Most analysts do not expect for the European Central Bank make a move during tomorrow’s meeting, but comments from ECB officials may hurt the euro all the same. Meanwhile, the dollar found support from the positive housing data, which followed yesterday’s negative report. Existing […]

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April 20
2016

Swiss Franc Loses Ground as Optimism Returns to Markets

The Swiss franc sank today as the positive market sentiment made traders less interested in safety provided by the currency. Domestic fundamentals did not lend enough support for the Swissie to hold its ground. The ZEW-CS-Indicator for the economic sentiment in Switzerland gained from 2.5 to 11.5 in April. Yet the supportive news was countered by the rally of crude oil. Crude bounced after earlier decline, meaning that there is no sense for sticking to safe […]

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April 20
2016

Pound Falls vs. Dollar, Holds Ground vs. Other Majors

The Great Britain pound fell against the US dollar today after the release of worse-than-expected employment data. The fall was limited, though, and the currency managed to hold its ground against other majors, like the euro and the Japanese yen. Today’s employment report did not look pretty. The number of people seeking unemployment benefits increased by 6,700 in March while analysts had predicted a drop by approximately 11,900. Average weekly earnings growth […]

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April 20
2016

Euro Struggles Even After ZEW Data

Euro is struggling today, turning mostly lower, as concerns about Greece once again come into focus. Worries about Greece coming to an agreement with creditors are weighing on the euro, which hasn’t seen much benefit from recent ZEW data. The latest ZEW data shows stronger economic sentiment, but that hasn’t been enough to shore up the euro today. Other concerns are weighing on the 19-nation […]

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April 20
2016

Oil Drops, Stalling Loonie’s Rally

Oil prices are dropping today, stalling the rally the Canadian dollar has been seeing in recent days. Yesterday, the loonie reached the 79-cent mark against the US dollar, and some think that Canadian dollar could breach 80 cents in the coming weeks. Canadian dollar is a little lower today against its major counterparts as oil prices fall. Earlier this week, crude oil had been on the rise as a strike […]

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