Day: December 2, 2016

December 2
2016

Sterling Strong as Britain’s Officials Want to Avoid Hard Brexit

The Great Britain pound was strong on Friday, rising against its most-traded peers, as Britain’s officials were talking about possibility of keeping access to the single market of the European Union. Trade Minister Greg Hands talked in an interview to Bloomberg about possibility for Britain staying in the EU customs union, at least for select products:   You can choose which markets, which products the customs unions affect and which they don’t — […]

Read more
December 2
2016

Sterling Strong as Britain’s Officials Want to Avoid Hard Brexit

The Great Britain pound was strong on Friday, rising against its most-traded peers, as Britain’s officials were talking about possibility of keeping access to the single market of the European Union. Trade Minister Greg Hands talked in an interview to Bloomberg about possibility for Britain staying in the EU customs union, at least for select products:   You can choose which markets, which products the customs unions affect and which they don’t — […]

Read more
December 2
2016

Canadian Dollar Gets Help from Positive Employment Report

The Canadian dollar rose against most of its major peers (with the exception of the Japanese yen) with the help of rather positive employment data released from Canada over the trading session. Unlike the US employment report, Canadian data did not have negative components. While the increase by 11,000 in November was nowhere as big as October’s 43,900, it was a far better reading than the predicted drop by 16,500. What is […]

Read more
December 2
2016

Canadian Dollar Gets Help from Positive Employment Report

The Canadian dollar rose against most of its major peers (with the exception of the Japanese yen) with the help of rather positive employment data released from Canada over the trading session. Unlike the US employment report, Canadian data did not have negative components. While the increase by 11,000 in November was nowhere as big as October’s 43,900, it was a far better reading than the predicted drop by 16,500. What is […]

Read more
December 2
2016

EUR/USD Jumps Following NFP Release, Retreats Immediately

US nonfarm payrolls released today were very mixed, resulting in volatile trading on the Forex market. EUR/USD jumped after the release but backed off immediately to trade below the opening level as of now. Nonfarm payrolls rose 178k in November, in line with expectations. But the October gain was revised negatively from 161k to 142k. Unemployment rate fell from 4.9% to 4.6% unexpectedly. Average hourly earnings fell by 0.1% […]

Read more
December 2
2016

US Dollar Falls Against Major Peers Following Disappointing Jobs Data

The dollar declined against most of its major peers on Friday, following a new report that revealed average jobs gains in November. The US currency, which rose during the past 3 weeks, could be having a corrected movement after its rapid rally in the wake of Donald Trump’s presidency. The US Bureau of Labor Statistics published its report of total nonfarm payroll employment for November, showing an increase by 178,000 jobs during […]

Read more
December 2
2016

US Dollar Falls Against Major Peers Following Disappointing Jobs Data

The dollar declined against most of its major peers on Friday, following a new report that revealed average jobs gains in November. The US currency, which rose during the past 3 weeks, could be having a corrected movement after its rapid rally in the wake of Donald Trump’s presidency. The US Bureau of Labor Statistics published its report of total nonfarm payroll employment for November, showing an increase by 178,000 jobs during […]

Read more
December 2
2016

Polish Zloty Edges Lower Ahead of S&P Credit Rating Review

The Polish zloty edged lower today ahead of a credit rating review by Standard & Poor’s that may result in lower credit grade for the Eastern European country. S&P will announce its decision later today after markets close. The agency has already downgraded the nation’s credit rating in January, and analysts believe that it may do so again today. The key risks for the nation’s economy are prospects for higher […]

Read more
December 2
2016

Polish Zloty Edges Lower Ahead of S&P Credit Rating Review

The Polish zloty edged lower today ahead of a credit rating review by Standard & Poor’s that may result in lower credit grade for the Eastern European country. S&P will announce its decision later today after markets close. The agency has already downgraded the nation’s credit rating in January, and analysts believe that it may do so again today. The key risks for the nation’s economy are prospects for higher […]

Read more
December 2
2016

Australian Retail Sales Help Aussie to Gain on Rivals

The Australian dollar rose against its most-traded rivals (with the exception of the Japanese yen) today as Australia’s retail sales beat expectations. Seasonally adjusted retail sales were up 0.5% in October from September. While the pace of growth was somewhat slower than September’s 0.6%, it was faster than the analysts’ prediction of 0.3%. The Aussie gained on the data, though it may yet retreat if US non-farm payrolls […]

Read more