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Day: January 6, 2017
January 62017
US Dollar Climbs Against Euro and Pound on Strong US Wage Growth
The US dollar climbed against its major peers on Friday, as traders paid little attention to disappointing data that was released earlier today. The greenback is resuming its recent rally on stable economic growth and expectations of higher inflation rate in the United States. The Bureau of Labor Statistics released its employment report at 1:30 GMT. The report said that nonfarm payroll employment rose by 156,000 jobs in December, which compares […]
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January 62017
US Dollar Climbs Against Euro and Pound on Strong US Wage Growth
The US dollar climbed against its major peers on Friday, as traders paid little attention to disappointing data that was released earlier today. The greenback is resuming its recent rally on stable economic growth and expectations of higher inflation rate in the United States. The Bureau of Labor Statistics released its employment report at 1:30 GMT. The report said that nonfarm payroll employment rose by 156,000 jobs in December, which compares […]
Read more
January 62017
Nonfarm Payrolls Cause Volatility, Push EUR/USD Down
EUR/USD declined today even though the fundamental indicators that came out from the United States were rather mixed. Traders preferred to buy the dollar despite the fact that the news brought nothing positive about the US economy. Trade balance deficit widened from October’s reading of $42.6 billion to $45.2 billion in November. The result was not far from the median forecast of $45.5 billion. (Event A on the chart.) Nonfarm payrolls […]
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January 62017
USD/CAD Drops Significantly After Release of Canada’s Employment Data
The USD/CAD dropped significantly after the release of positive employment data for the month of December. The employment data released by Statistics Canada today indicates that Canada created thousands of jobs in December as opposed to job cuts, which were widely anticipated. The currency pair dropped to lows below the 1.32 resistance level although the Canadian dollar had lost much of its gains against the US dollar at the time of writing. The Canadian dollar gained against […]
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January 62017
USD/CAD Drops Significantly After Release of Canada’s Employment Data
The USD/CAD dropped significantly after the release of positive employment data for the month of December. The employment data released by Statistics Canada today indicates that Canada created thousands of jobs in December as opposed to job cuts, which were widely anticipated. The currency pair dropped to lows below the 1.32 resistance level although the Canadian dollar had lost much of its gains against the US dollar at the time of writing. The Canadian dollar gained against […]
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