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Day: October 7, 2016
October 72016
EUR/USD Rallies on Back of Worse-Than-Expected Nonfarm Payrolls
EUR/USD was falling today as traders were counting on solid employment data from the United States. Yet nonfarm payrolls came out below expectations, and the currency pair jumped sharply after the release. It attempted to retreat afterwards but managed to bounce, keeping its gains. Nonfarm payrolls rose 156k in September, failing to reach the predicted growth of 171k. Meanwhile, the previous month’s gain was revised from 151k to 167k. […]
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October 72016
Important Aspects of Trading Gold
The following post is a paid advertisement. The content was provided by the advertiser. If you have taken a look at the trends that have been dominating this year, you may have noticed something quite interesting. In particular, you may have found that gold has been at the top of its game. While it has experienced some fluctuations, it appears to be quite strong, even in the following months. Even […]
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October 72016
Great Britain Pound Crashes to New Lows Only to Recover Immediately
The Great Britain pound demonstrated a flash crash to a new 31-year low today only to recover very quickly. There were different theories about possible reasons for such behavior. The sterling sank more than 5% but almost trimmed its losses later, and the move happened in a matter of minutes. Some analysts argued that it might be so-called “fat finger” misplaced trade, an error in trading algorithms, or a technical glitch. […]
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October 72016
Euro Falls vs. Safer Rivals, Firm vs. Other Peers
The euro fell against its safer counterparts today but gained on the Great Britain pound at the same time. The shared 19-nation currency was also flat-to-higher against commodity currencies. Economic data released from the eurozone today was good, showing a sharp rise of industrial production in Germany and France. Yet it had no success in boosting the euro against such currencies as the US dollar, the Japanese yen, and the Swiss franc. The likely […]
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