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Day: May 4, 2016
May 42016
EUR/USD Trades Mostly Sideways
Today, EUR/USD was meandering without a clear direction. Most of economic reports released from the United States during the trading session were good. But among the bad ones was the very important employment report that overshadowed better macroeconomic indicators, preventing the dollar from moving higher. Now, traders are concerned that nonfarm payrolls released later this week may also come out weaker than […]
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May 42016
Risk Aversion Limits Losses to US Dollar
US dollar has been struggling since the latest ADP data, and Forex traders and others are waiting for the nonfarms payroll report due out at the end of the week. However, even though the latest economic data isn’t positive for the greenback, losses are being limited as risk aversion sets in. There is some risk aversion in the markets today as US stocks struggle following the latest ADP data, which shows that the private […]
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May 42016
Pound Little Changed vs. Dollar & Yen After Construction PMI
The Great Britain pound traded little changed against the US dollar and the Japanese yen as yet another Purchasing Managers’ Index came out below expectations. The Markit/CIPS UK Construction PMI fell from 54.2 to 52.0 in April, showing the slowest expansion of business activity since June 2013. The actual reading was far weaker than 54.2 predicted by analysts. Today’s data followed yesterday’s report that showed an unexpected drop […]
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May 42016
NZ Dollar Down After Employment Data, Fall Limited
The New Zealand dollar fell a little after the release of mixed employment data today and the drop of prices for dairy products. The number of employed New Zealanders increased by 1.2% in the March quarter from the previous three months, two times the increase forecast by analysts. At the same time, the unemployment rate climbed from 5.4% to 5.7%, exceeding expectations. Yesterday, GlobalDairyTrade reported that the GDT Price index dropped 1.4% from the previous reporting period […]
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