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Day: January 3, 2017
January 32017
British Pound Touches Its Lowest Level Since October Against US Dollar
The British pound touched its lowest level in two months against the US dollar on Tuesday, as the greenback gained more strength against its main peers. Traders expect the US currency to continue its strong performance in the first quarter of 2017. The British pound rose to its highest level in two weeks against the euro earlier today, after a new reading for manufacturing activity in the United Kingdom showed more gains than expected. […]
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January 32017
British Pound Touches Its Lowest Level Since October Against US Dollar
The British pound touched its lowest level in two months against the US dollar on Tuesday, as the greenback gained more strength against its main peers. Traders expect the US currency to continue its strong performance in the first quarter of 2017. The British pound rose to its highest level in two weeks against the euro earlier today, after a new reading for manufacturing activity in the United Kingdom showed more gains than expected. […]
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January 32017
US PMI Reports Push EUR/USD Down on Year’s First Trading Session
The euro was falling against the US dollar during the entire day today. The positive macroeconomic reports that have been released from the USA have pulled the currency pair even deeper. Markit manufacturing PMI rose to 54.3 according to its final report for December. That’s slightly better than 54.2 of the preliminary report. (Event A on the chart.) ISM manufacturing PMI rose from 53.2 to 54.7 in December. The median forecast for this […]
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January 32017
US Dollar Remains Bullish Backed by Strong Manufacturing data
The US dollar opened trading in the new year on a bullish trend yesterday, which was further boosted by the release of positive manufacturing data today. The US ISM Manufacturing Report was released today indicating a positive change in the growth within the manufacturing sector. The US dollar strengthened against other currencies immediately after the release, but later lost some ground against major currencies such as the British pound. The US dollar continues with the bullish […]
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January 32017
US Dollar Remains Bullish Backed by Strong Manufacturing data
The US dollar opened trading in the new year on a bullish trend yesterday, which was further boosted by the release of positive manufacturing data today. The US ISM Manufacturing Report was released today indicating a positive change in the growth within the manufacturing sector. The US dollar strengthened against other currencies immediately after the release, but later lost some ground against major currencies such as the British pound. The US dollar continues with the bullish […]
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