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Day: October 17, 2016
October 172016
Uninspiring Economic Data Causes the USD to Lose Its Footing
The greenback lost its footing in response to unimpressive economy data this morning after the Federal Reserve of New York reported that its Empire State Manufacturing Index was down by 6.80 points in October. The Index was down 1.99 points in September, and the consensus economists’ estimate was that the Index would gain 1.00 points this month. The newly released data on US industrial production has also casted dark […]
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October 172016
Uninspiring Economic Data Causes the USD to Lose Its Footing
The greenback lost its footing in response to unimpressive economy data this morning after the Federal Reserve of New York reported that its Empire State Manufacturing Index was down by 6.80 points in October. The Index was down 1.99 points in September, and the consensus economists’ estimate was that the Index would gain 1.00 points this month. The newly released data on US industrial production has also casted dark […]
Read more
October 172016
EUR/USD Edges Higher as US Data Disappoints Ahead of ECB Meeting
There were few US economic reports scheduled for the current trading session, but the ones that were released were disappointing, failing to reach market expectations. This allowed EUR/USD to edge higher today. One of the most important events this week should be the monetary policy meeting of the European Central Bank. Experts speculate that European policy makers may consider reducing monetary stimulus. While it will […]
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October 172016
Yen Flat After Kuroda Talks About Stimulus Again
The Japanese yen was little changed today after Haruhiko Kuroda, Bank of Japan Governor, talked yet again about possibility of additional monetary easing. The currency even managed to gain on the US dollar. Kuroda said today that the central bank is ready to adjust monetary policy as needed for achieving the 2% inflation goal. The Governor was not excessively optimistic about Japan’s economic growth, saying that “Japan’s economy […]
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October 172016
Yen Flat After Kuroda Talks About Stimulus Again
The Japanese yen was little changed today after Haruhiko Kuroda, Bank of Japan Governor, talked yet again about possibility of additional monetary easing. The currency even managed to gain on the US dollar. Kuroda said today that the central bank is ready to adjust monetary policy as needed for achieving the 2% inflation goal. The Governor was not excessively optimistic about Japan’s economic growth, saying that “Japan’s economy […]
Read more