Day: October 19, 2016

October 19
2016

For Second Day EUR/USD Fails to Rally

Today, EUR/USD demonstrated basically the same performance as yesterday — rising intraday but failing to keep gains and retreating below the opening level. Economic data hardly had any impact on the moves of the currency pair as there were no reports from the eurozone while US indicators were mixed and gave the dollar no edge. Housing starts were at the seasonally adjusted annual rate of 1.05 million in September, below the median forecast of 1.18 […]

Read more
October 19
2016

US Dollar Loses Ground to Yen Amid Depressing Housing Starts Data

The US dollar appeared bearish against the Japanese yen after the US Census Bureau published the housing starts data, which came out at 1.05 million against the forecast of around 1.18 million. Housing starts represent the annualized number of residential buildings that initiated construction work during the previous month. It has a direct impact on the overall US economy because housing construction creates demand for a number of products and services. Although […]

Read more
October 19
2016

US Dollar Loses Ground to Yen Amid Depressing Housing Starts Data

The US dollar appeared bearish against the Japanese yen after the US Census Bureau published the housing starts data, which came out at 1.05 million against the forecast of around 1.18 million. Housing starts represent the annualized number of residential buildings that initiated construction work during the previous month. It has a direct impact on the overall US economy because housing construction creates demand for a number of products and services. Although […]

Read more
October 19
2016

Great Britain Pound Flat as Employment Data Gives No Direction

The Great Britain pound was little changed today as the employment report released from the United Kingdom during the current trading session was mixed, giving the currency no compelling reason to go either up or down. October’s employment data showed that the number of people seeking unemployment benefits rose by just 700 in September from August. But the August value got a big revision from 2,400 up to 7,100, which […]

Read more
October 19
2016

Great Britain Pound Flat as Employment Data Gives No Direction

The Great Britain pound was little changed today as the employment report released from the United Kingdom during the current trading session was mixed, giving the currency no compelling reason to go either up or down. October’s employment data showed that the number of people seeking unemployment benefits rose by just 700 in September from August. But the August value got a big revision from 2,400 up to 7,100, which […]

Read more
October 19
2016

Australian Dollar Struggles to Keep Rally After China’s Data

The Australian dollar rallied after China released a bunch of macroeconomic reports, though the currency struggled to keep gains and actually slipped below the opening level against the Japanese yen. China’s gross domestic product rose 6.7% in the third quarter of 2016, year-on-year. It was in line with expectations and the same rate of growth as in the previous quarters of this year. On a negative side, industrial production missed expectations, rising 6.1% in September (also year-on-year) […]

Read more
October 19
2016

Australian Dollar Struggles to Keep Rally After China’s Data

The Australian dollar rallied after China released a bunch of macroeconomic reports, though the currency struggled to keep gains and actually slipped below the opening level against the Japanese yen. China’s gross domestic product rose 6.7% in the third quarter of 2016, year-on-year. It was in line with expectations and the same rate of growth as in the previous quarters of this year. On a negative side, industrial production missed expectations, rising 6.1% in September (also year-on-year) […]

Read more