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Day: February 9, 2017
February 92017
Canadian Dollar Rises Against US Dollar Ahead of Labor Market Data
The Canadian dollar had small gains against its US counterpart on Thursday, one day before the release of employment data and unemployment numbers in Canada. The US dollar was weaker today after the number of jobless claims missed estimates. A report released by the US Department of Labor said that the week ended February 4 saw 234,000 applications for unemployment benefits. This was 12,000 claims less than the previous week and missed […]
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February 92017
Canadian Dollar Rises Against US Dollar Ahead of Labor Market Data
The Canadian dollar had small gains against its US counterpart on Thursday, one day before the release of employment data and unemployment numbers in Canada. The US dollar was weaker today after the number of jobless claims missed estimates. A report released by the US Department of Labor said that the week ended February 4 saw 234,000 applications for unemployment benefits. This was 12,000 claims less than the previous week and missed […]
Read more
February 92017
EUR/USD Drops after Trump Hints at Tax Plans
EUR/USD dropped today after US President Donald Trump said that he will announce a “phenomenal” tax plan in the near future. Investors were hoping that this means tax cuts that he promised in his election campaign as a way to stimulate the economy. Additionally, political uncertainty surrounding France continued to weigh on the currency pair. Initial jobless claims dropped from 246k to 234k last week instead of rising […]
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February 92017
EUR/USD Remains Bearish Backed by Political Uncertainties
The EUR/USD currency pair exhibited a bearish trend today given the uncertain political environment in Europe and a weaker US dollar. The currency pair changed insignificantly after the US Department of Labor reported that the number of jobless claims had massively declined and beat expectations. The currency pair started the day’s session on a bearish trend before recovering briefly and later resuming its decline during the early North American session. The currency pair has been on a downward […]
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February 92017
EUR/USD Remains Bearish Backed by Political Uncertainties
The EUR/USD currency pair exhibited a bearish trend today given the uncertain political environment in Europe and a weaker US dollar. The currency pair changed insignificantly after the US Department of Labor reported that the number of jobless claims had massively declined and beat expectations. The currency pair started the day’s session on a bearish trend before recovering briefly and later resuming its decline during the early North American session. The currency pair has been on a downward […]
Read more