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Day: January 26, 2017
January 262017
Euro Drops as Dollar Rallies
The euro dropped against other major currencies (with the exception of the Japanese yen) today as the US dollar staged a recovery. Professor Ted Malloch (a potential candidate for the post of the US Ambassador to the European Union) told in the interview to BBC that the euro may collapse: The one thing I would do in 2017 is short the euro. I think it is a currency that is not only in demise but has a real problem and could in fact […]
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January 262017
Euro Drops as Dollar Rallies
The euro dropped against other major currencies (with the exception of the Japanese yen) today as the US dollar staged a recovery. Professor Ted Malloch (a potential candidate for the post of the US Ambassador to the European Union) told in the interview to BBC that the euro may collapse: The one thing I would do in 2017 is short the euro. I think it is a currency that is not only in demise but has a real problem and could in fact […]
Read more
January 262017
EUR/USD Slides amid Trump Worries
EUR/USD slid today even though economic indicators released from the United States were mixed and traders were cautious about potential policies of the new US President, Donald Trump. Initial jobless claims climbed from 237k to 259k last week, exceeding the analysts’ median forecast of 247k. (Event A on the chart.) Flash Markit services PMI advanced from 53.9 in December to 55.1 in January, above the consensus forecast value of 54.4. […]
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January 262017
Canadian Dollar Declines on Concerns Towards Trump’s Protectionist Approach
The Canadian dollar dipped against its US peer on Thursday, as traders worried that the protectionist approach that US President Donald Trump has towards his nationâs economy might harm Canadaâs. Trump already took measures that signaled major upcoming changes to US economic policy. Last Monday, Donald Trump started his first week of presidency by signing an executive order that formally withdraws the United States […]
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January 262017
Canadian Dollar Declines on Concerns Towards Trump’s Protectionist Approach
The Canadian dollar dipped against its US peer on Thursday, as traders worried that the protectionist approach that US President Donald Trump has towards his nationâs economy might harm Canadaâs. Trump already took measures that signaled major upcoming changes to US economic policy. Last Monday, Donald Trump started his first week of presidency by signing an executive order that formally withdraws the United States […]
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January 262017
EUR/USD Weakens as the US Dollar Rallies Despite Negative Home Sales Data
The EUR/USD currency pair traded lower today as the US dollar rose despite the release of lower than expected home sales figures by the US Census Bureau that witnessed a 10.4% monthly drop. The euro’s downslide was also accelerated by the release of the flash Markit US services PMI figures, which indicated that expansion in the US service sector was at its fastest rate since November 2015. The US Dollar Index rose to 100.70 […]
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January 262017
EUR/USD Weakens as the US Dollar Rallies Despite Negative Home Sales Data
The EUR/USD currency pair traded lower today as the US dollar rose despite the release of lower than expected home sales figures by the US Census Bureau that witnessed a 10.4% monthly drop. The euro’s downslide was also accelerated by the release of the flash Markit US services PMI figures, which indicated that expansion in the US service sector was at its fastest rate since November 2015. The US Dollar Index rose to 100.70 […]
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January 262017
New Zealand Dollar Falls, Ignoring Good CPI
The New Zealand dollar fell today despite faster-than-expected growth of consumer prices. The probable explanation for the lackluster performance was slow growth of Chinese industrial profits. New Zealand’s Consumer Price Index rose 0.4% in the December 2016 quarter. Market participants were expecting the same 0.3% rate of growth as in the previous quarter. Meanwhile, China’s industrial profits increased 2.3% in December from a year ago, down from 14.5% in November, demonstrating […]
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January 262017
New Zealand Dollar Falls, Ignoring Good CPI
The New Zealand dollar fell today despite faster-than-expected growth of consumer prices. The probable explanation for the lackluster performance was slow growth of Chinese industrial profits. New Zealand’s Consumer Price Index rose 0.4% in the December 2016 quarter. Market participants were expecting the same 0.3% rate of growth as in the previous quarter. Meanwhile, China’s industrial profits increased 2.3% in December from a year ago, down from 14.5% in November, demonstrating […]
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January 262017
GBP Moves Lower vs. USD & CHF Despite Solid GDP
The Great Britain pound fell against the US dollar and the Swiss franc during the current trading session even though Britain’s economic growth was better than it had been anticipated by analysts. The preliminary report from the Office for National Statistics showed 0.6% growth for the last quarter of 2016, the same rate of growth as in the two previous quarters. The median forecast had promised a smaller increase by 0.5%. While the actual value was […]
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