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Day: February 1, 2017
February 12017
USD Rises vs. EUR, Loses Part of Gains After FOMC
The dollar rose versus the euro today as most of US economic indicators were good (with the exception of construction spending), including employment that showed unexpectedly strong growth. The dollar trimmed its gains after the Federal Open Market Committee left its monetary policy without change and issued cautious statement. The March meeting should be more important as it will be accompanied by economic projections and a press conference. ADP […]
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February 12017
US Dollar Rebounds as Hiring from Private Sector Exceeds Expectations
The US dollar strengthened on Wednesday, after touching its lowest level in two months on Tuesday, as employment from the private sector in the United States improved. A report released by ADP Research Institute earlier today showed that private sector employment increased by 246,000 in January from December on a seasonally adjusted basis. Midsized businesses accounted for almost half of the increase, adding 102,000 employees. Meanwhile, large private businesses filled 83,000 jobs […]
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February 12017
US Dollar Rebounds as Hiring from Private Sector Exceeds Expectations
The US dollar strengthened on Wednesday, after touching its lowest level in two months on Tuesday, as employment from the private sector in the United States improved. A report released by ADP Research Institute earlier today showed that private sector employment increased by 246,000 in January from December on a seasonally adjusted basis. Midsized businesses accounted for almost half of the increase, adding 102,000 employees. Meanwhile, large private businesses filled 83,000 jobs […]
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February 12017
GBP/USD Rallies Boosted by Positive UK Manufacturing PMI Data
The GBP/USD currency pair rallied higher during the European session today as markets expected parliament to vote in favor of triggering article 50 later today. The British pound gained significantly against the US dollar despite the greenback being on a recovery path against other major currencies today. The currency pair had gained over 50 pips since the start of the day’s trading and was performing well even during the North American session. […]
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February 12017
GBP/USD Rallies Boosted by Positive UK Manufacturing PMI Data
The GBP/USD currency pair rallied higher during the European session today as markets expected parliament to vote in favor of triggering article 50 later today. The British pound gained significantly against the US dollar despite the greenback being on a recovery path against other major currencies today. The currency pair had gained over 50 pips since the start of the day’s trading and was performing well even during the North American session. […]
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