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Day: May 6, 2016
May 62016
EUR/USD Ends Trading Flat After Surge on NFP
The major event today was the release of nonfarm payrolls, which turned out to be disappointing somewhat due the smaller-than-expected increase of employment. As one could expect, EUR/USD surged after the release. Yet not everything was bad in the report, allowing the dollar to slowly regain its ground. And as a result, the currency pair ended the trading session basically at the same level it had opened. Nonfarm payrolls rose by 160k in April, trailing the analysts’ […]
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May 62016
Australian Dollar Slumps After RBA Policy Statement
The Australian dollar dropped today after the Reserve Bank of Australia released its Monetary Policy Statement that expressed a dovish outlook for developments in the Australian economy. The RBA statement released today was rather dovish. Among other things, the central bank revised down its inflation projections:   The broad-based nature of the weakness in non-tradables inflation and the fact that wage outcomes were lower than expected over 2015 has resulted […]
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May 62016
Dollar Weakens as Employment Growth Misses Expectations
The US dollar dropped against its major rivals after non-farm payrolls released today showed that employment growth was slower than markets had been counting on. Other parts of the report were not bad, helping to mitigate the impact of the negative indicator. US employers added just 160,000 jobs in April while experts had predicted an increase by about 200,000 according to non-farm payrolls. Moreover, the previous month’s […]
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