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Day: November 29, 2016
November 292016
British Pound Climbs Against Euro as UK Mortgage Approvals Increase
The British pound appreciated against the euro on Tuesday, after a report that was published by the Bank of England earlier today showed that UK mortgage approvals rose for the second month in a row in October. The report said that official data display an increase in mortgage approvals to 67,518 in October, which is the highest level since March. The number brings mortgage approvals back to their pre-Brexit level, which means that the housing market […]
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November 292016
British Pound Climbs Against Euro as UK Mortgage Approvals Increase
The British pound appreciated against the euro on Tuesday, after a report that was published by the Bank of England earlier today showed that UK mortgage approvals rose for the second month in a row in October. The report said that official data display an increase in mortgage approvals to 67,518 in October, which is the highest level since March. The number brings mortgage approvals back to their pre-Brexit level, which means that the housing market […]
Read more
November 292016
EUR/USD Drops, Attempts to Bounce After US Data
EUR/USD fell today but has started a rebound after the release of US economic data. While the housing report missed expectations, the GDP and consumer confidence indicators were far better than expected. Yet European reports were good as well, helping the euro to stand its ground against the US dollar, which is currently in a consolidation mode. Now, traders wait for US employment data, both private and government. US […]
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November 292016
US Dollar Rises on Best US Growth Rates in Two Years
The dollar returned to gains against most of its major peers on Tuesday, as newly released data in the United States revealed that the growth rate of gross domestic product was stronger than previously expected during the third quarter. The Bureau of Economic Analysis published a report earlier today, which included the Bureau’s second estimate for GDP growth in the third quarter of 2016. The growth rate was revised to 3.2% from 2.9% in a previous estimate […]
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November 292016
US Dollar Rises on Best US Growth Rates in Two Years
The dollar returned to gains against most of its major peers on Tuesday, as newly released data in the United States revealed that the growth rate of gross domestic product was stronger than previously expected during the third quarter. The Bureau of Economic Analysis published a report earlier today, which included the Bureau’s second estimate for GDP growth in the third quarter of 2016. The growth rate was revised to 3.2% from 2.9% in a previous estimate […]
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November 292016
Hungarian Forint Falls After Central Bank’s Policy Meeting
The Hungarian forint fell today after the monetary policy meeting of the Magyar Nemzeti Bank (Hungary’s central bank). While the bank decided to keep its central bank base rate unchanged, it reduced some other interest rates. The MNB kept its key interest rate stable at 0.9%. At the same time, the central bank cut the overnight collateralised lending rate and the one-week collateralised lending rate, which have been higher […]
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November 292016
Hungarian Forint Falls After Central Bank’s Policy Meeting
The Hungarian forint fell today after the monetary policy meeting of the Magyar Nemzeti Bank (Hungary’s central bank). While the bank decided to keep its central bank base rate unchanged, it reduced some other interest rates. The MNB kept its key interest rate stable at 0.9%. At the same time, the central bank cut the overnight collateralised lending rate and the one-week collateralised lending rate, which have been higher […]
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November 292016
Yen’s Attempt to Rally Fails amid Unimpressive Economic Reports
The Japanese yen attempted to rally at the start of the current trading session but has failed and is trading below the opening level against its major rivals as of now. Economic data released over the trading session was better-than-expected but that did not make it actually good. Japan’s household spending fell 0.4% in October from a year ago while retail sales were down 0.1%. The actual figures were […]
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November 292016
Yen’s Attempt to Rally Fails amid Unimpressive Economic Reports
The Japanese yen attempted to rally at the start of the current trading session but has failed and is trading below the opening level against its major rivals as of now. Economic data released over the trading session was better-than-expected but that did not make it actually good. Japan’s household spending fell 0.4% in October from a year ago while retail sales were down 0.1%. The actual figures were […]
Read more