Day: November 8, 2016

November 8
2016

Analyzing EUR/USD on US Presidential Elections Day

EUR/USD daily trading data since January 1971 is readily available from many brokers and demo servers. In theory, this would allow analysis of EUR/USD trading range beginning from the Nixon’s election to his second term on November 7, 1972. In practice, the data we have before 1988 is largely unusable due to poor quality — Open, High, Low, and Close are equal for some days. Also, no […]

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November 8
2016

Canadian Dollar Strengthens as Markets Bet on Hillary’s Victory

The Canadian dollar gained on its major counterparts as market participants were speculating about the possible outcome of the US presidential elections. Economic data released from Canada over the trading session was not great, but it took the backseat to the US elections. At the present time, it looks like Democratic candidate Hillary Clinton leads in the presidential race. Markets welcomed this as they prefer her over Republican candidate Donald […]

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November 8
2016

Canadian Dollar Strengthens as Markets Bet on Hillary’s Victory

The Canadian dollar gained on its major counterparts as market participants were speculating about the possible outcome of the US presidential elections. Economic data released from Canada over the trading session was not great, but it took the backseat to the US elections. At the present time, it looks like Democratic candidate Hillary Clinton leads in the presidential race. Markets welcomed this as they prefer her over Republican candidate Donald […]

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November 8
2016

Dollar Edges Slightly Lower as Markets Brace for Elections

The US dollar had a small decline in today’s trading against the euro and the British pound as nervous traders anticipated the result of today’s election race between Democratic candidate Hillary Clinton and Republican Donald Trump. Latest opinion polls showed that Clinton has a lead over Trump after FBI Director James Comey told Congress on Monday that the agency found no evidence to support criminal charges against the Democratic candidate, […]

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November 8
2016

Dollar Edges Slightly Lower as Markets Brace for Elections

The US dollar had a small decline in today’s trading against the euro and the British pound as nervous traders anticipated the result of today’s election race between Democratic candidate Hillary Clinton and Republican Donald Trump. Latest opinion polls showed that Clinton has a lead over Trump after FBI Director James Comey told Congress on Monday that the agency found no evidence to support criminal charges against the Democratic candidate, […]

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November 8
2016

Pound Shows Small Gains After Release of UK Economic Data

The Great Britain pound rose a little today thanks to relatively good economic indicators released from the United Kingdom over the trading session. The gains were limited, though, as traders were reluctant to place bets ahead of the US elections. British Retail Consortium reported that retail sales rose 1.7% in October from a year ago on like-for-like basis. Manufacturing production grew 0.6% in September exceeding market expectations. The only bad […]

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November 8
2016

Pound Shows Small Gains After Release of UK Economic Data

The Great Britain pound rose a little today thanks to relatively good economic indicators released from the United Kingdom over the trading session. The gains were limited, though, as traders were reluctant to place bets ahead of the US elections. British Retail Consortium reported that retail sales rose 1.7% in October from a year ago on like-for-like basis. Manufacturing production grew 0.6% in September exceeding market expectations. The only bad […]

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November 8
2016

Australian Dollar Weak, Hurt by Soft Data from Australia & Abroad

The Australian dollar was soft today as economic data both domestic and from abroad was not particularly good. This added to the weakness caused by the uncertainty regarding the outcome of the US presidential elections. The National Australia Bank reported that the business confidence slipped from +6 to +4 in October, though the report said “this could still be interpreted as a solid outcome.” Meanwhile, China registered a trade surplus of $49.06 last month. […]

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November 8
2016

Australian Dollar Weak, Hurt by Soft Data from Australia & Abroad

The Australian dollar was soft today as economic data both domestic and from abroad was not particularly good. This added to the weakness caused by the uncertainty regarding the outcome of the US presidential elections. The National Australia Bank reported that the business confidence slipped from +6 to +4 in October, though the report said “this could still be interpreted as a solid outcome.” Meanwhile, China registered a trade surplus of $49.06 last month. […]

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