Day: October 20, 2016

October 20
2016

Jobless Data Shakes EUR/USD, Housing Data Lets Dollar Appreciate

EUR/USD posted a significant intraday spike following a disappointing weekly US jobless data report combined with a mixed sentiment indicator. The currency pair rebounded during the next 15 minutes and went into a downtrend for 2 hours more, spurred by the better-than-expected housing data from the United States. Initial jobless claims rose from 247k to 260k during the last week. The growth exceeded the median forecasts of 250k claims. (Event A on the chart.) […]

Read more
October 20
2016

Lira Little Changed After Turkish Central Bank Refrains from Rate Cut

The Turkish lira was little changed today after the nation’s central bank made a surprise decision to keep interest rates unchanged. The Central Bank of the Republic of Turkey left its interest rates without change during today’s policy meeting, including the benchmark Marginal Funding Rate that remained at 8.25%. Almost all analysts polled by Reuters predicted another rate reduction after seven consecutive months of cuts. Additionally, Turkish […]

Read more
October 20
2016

Lira Little Changed After Turkish Central Bank Refrains from Rate Cut

The Turkish lira was little changed today after the nation’s central bank made a surprise decision to keep interest rates unchanged. The Central Bank of the Republic of Turkey left its interest rates without change during today’s policy meeting, including the benchmark Marginal Funding Rate that remained at 8.25%. Almost all analysts polled by Reuters predicted another rate reduction after seven consecutive months of cuts. Additionally, Turkish […]

Read more
October 20
2016

Australian Dollar Falls vs. US Dollar After Six Sessions of Gains

The Australian dollar went down today, falling for the first time in seven sessions against its US counterpart, after the release of macroeconomic data from Australia. While reports were mixed, markets apparently preferred to pay more attention to the bad part of the data. Australian employment shrank by 9,800 in September, surprising analysts who were expecting a solid increase. At the same time, the unemployment rate ticked down from 5.7% to 5.6%, which […]

Read more
October 20
2016

Australian Dollar Falls vs. US Dollar After Six Sessions of Gains

The Australian dollar went down today, falling for the first time in seven sessions against its US counterpart, after the release of macroeconomic data from Australia. While reports were mixed, markets apparently preferred to pay more attention to the bad part of the data. Australian employment shrank by 9,800 in September, surprising analysts who were expecting a solid increase. At the same time, the unemployment rate ticked down from 5.7% to 5.6%, which […]

Read more