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Day: January 10, 2017
January 102017
Canadian Dollar Rises Against Rivals on Stable Oil Prices
The Canadian dollar rose against its US counterpart on Tuesday, as prices of oil, one of Canadaâs main exports, remained steady. The Canadian currency got more strength following a report that showed an increase in average Canadian oil rig count. The loonie, as the Canadian currency is commonly known, found support today as oil prices stabilized after a sharp drop that saw more than 4% of the values of Brent crude and US […]
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January 102017
Canadian Dollar Rises Against Rivals on Stable Oil Prices
The Canadian dollar rose against its US counterpart on Tuesday, as prices of oil, one of Canadaâs main exports, remained steady. The Canadian currency got more strength following a report that showed an increase in average Canadian oil rig count. The loonie, as the Canadian currency is commonly known, found support today as oil prices stabilized after a sharp drop that saw more than 4% of the values of Brent crude and US […]
Read more
January 102017
EUR/USD Struggles to Keep Rising for Second Day
EUR/USD rose today following yesterday’s rally but currently is struggling to keep gains. This week is light on economic data from the United States for the most part, Friday being the exception with plenty of reports. Wholesale inventories rose 1.0% in November according to the final estimate while analysts had predicted the same 0.9% as in the preliminary report. The stockpiles were down 0.4% in October. (Event A on the chart.) Yesterday, a report on consumer […]
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January 102017
US Dollar Remains Shaky as Investors Monitor Bond Yields
The US dollar opened trading on Tuesday with a choppy start and has demonstrated mixed results in daily trading against other major currencies. Some currency pairs that include`the US dollar have started retracing their bullish trends towards the greenback. The US dollar has been trading sideways against the euro, the Japanese yen and other currencies this week given the pause in the rising bond yields, which was witnessed in the last months of 2016. The overall market sentiment […]
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January 102017
US Dollar Remains Shaky as Investors Monitor Bond Yields
The US dollar opened trading on Tuesday with a choppy start and has demonstrated mixed results in daily trading against other major currencies. Some currency pairs that include`the US dollar have started retracing their bullish trends towards the greenback. The US dollar has been trading sideways against the euro, the Japanese yen and other currencies this week given the pause in the rising bond yields, which was witnessed in the last months of 2016. The overall market sentiment […]
Read more
January 102017
Australian Dollar Fails to Rally vs. US Dollar
The Australian dollar attempted to rally versus its US counterpart during the Tuesday’s session but has failed and is trading below the opening level as of now. The Aussie also dropped against other most-traded currencies. Today’s economic data from Australia was not impressive, with retail sales rising just 0.2% in November from October versus the median forecast of 0.4% growth. Reports from China, Australia’s biggest trading […]
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January 102017
Australian Dollar Fails to Rally vs. US Dollar
The Australian dollar attempted to rally versus its US counterpart during the Tuesday’s session but has failed and is trading below the opening level as of now. The Aussie also dropped against other most-traded currencies. Today’s economic data from Australia was not impressive, with retail sales rising just 0.2% in November from October versus the median forecast of 0.4% growth. Reports from China, Australia’s biggest trading […]
Read more
January 102017
Theresa May Claims Markets Misinterpreted Her Words, Pound Stays Weak
The Great Britain pound remained weak during the current trading session following yesterday’s comments from Britain’s Prime Minister Theresa May even though she claimed that media misinterpreted her words. Markets interpreted yesterday’s comments from May as a sign that she is willing to accept a “hard” Brexit as the price the United Kingdom has to pay for having control over its own borders. Yet later the Prime […]
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January 102017
Theresa May Claims Markets Misinterpreted Her Words, Pound Stays Weak
The Great Britain pound remained weak during the current trading session following yesterday’s comments from Britain’s Prime Minister Theresa May even though she claimed that media misinterpreted her words. Markets interpreted yesterday’s comments from May as a sign that she is willing to accept a “hard” Brexit as the price the United Kingdom has to pay for having control over its own borders. Yet later the Prime […]
Read more