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Day: July 26, 2016
July 262016
EUR/USD Resumes Decline After Good New Home Sales Data
The EUR/USD currency pair has been falling during the day with some minor technical corrections along the way today. The US dollar continued to rise versus the euro following particularly good figures coming out on the US new home sales. The general trend remains pretty clear in EUR/USD these days. S&P/Case-Shiller home price index for the top 20 US cities rose by 5.2% on a yearly basis in May. The growth followed […]
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July 262016
Aussie Moderates After Earlier Spike
Australian dollar is modifying its trajectory right now, pulling back a little bit after a spike earlier today. Aussie is still mostly higher against its major counterparts, but the gains are a little more subdued. Aussie saw a spike earlier today, gaining ground as the US dollar plummeted against the yen on news that Japanese stimulus might not be as large as originally expected, and that gave […]
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July 262016
Japanese Yen Gains on Change in Stimulus Expectations
Japanese yen is gaining ground today, heading higher against most of its major counterparts. The latest expectations for stimulus have changed, and that means that the yen is benefitting from the idea that actual stimulus won’t involve as much as originally expected. Forex traders and analysts have been expecting Japanese officials to reveal another stimulus package following Prime Minister Shinzo Abe‘s recent victory. Speculation about […]
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