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Day: February 14, 2017
February 142017
Euro Goes Down as Economic Data Fails to Meet Expectations
The euro fell against the US dollar today as virtually all economic reports released from the eurozone over the trading session failed to meet market expectations. The shared 19-nation currency also fell against the Swiss franc but fared better versus the Great Britain pound and the Japanese yen. Eurozone seasonally adjusted gross domestic product rose 0.4% in the fourth quarter of 2016 while experts were anticipating the same 0.5% rate […]
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February 142017
Euro Goes Down as Economic Data Fails to Meet Expectations
The euro fell against the US dollar today as virtually all economic reports released from the eurozone over the trading session failed to meet market expectations. The shared 19-nation currency also fell against the Swiss franc but fared better versus the Great Britain pound and the Japanese yen. Eurozone seasonally adjusted gross domestic product rose 0.4% in the fourth quarter of 2016 while experts were anticipating the same 0.5% rate […]
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February 142017
Implementing My Long-Term Dollar Trade with USD/CHF Sell
If you remember my June post about the long-term future of the US dollar, you know that I am bearish on the USD for the coming months based on a set of fundamental reasons. And the optimal way of trading this sentiment is going short USD/CHF. Today, I am going to set up the stop order for entry into this position. I will also explain some other factors that strengthen my bearish view on USD/CHF. The main reasoning […]
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February 142017
British Pound Declines as UK Inflation Disappoints Expectations
The British pound fell against the US dollar and the euro on Monday, after fresh data for inflation in the United Kingdom showed that it remained below estimates. The British Office for National Statistics released its report for UK consumer price inflation in January, which stated that consumer prices rose by 1.8% in the twelve months to January. The inflation index rose from a reading of 1.6% in the twelve months ending December 2016, but still […]
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February 142017
British Pound Declines as UK Inflation Disappoints Expectations
The British pound fell against the US dollar and the euro on Monday, after fresh data for inflation in the United Kingdom showed that it remained below estimates. The British Office for National Statistics released its report for UK consumer price inflation in January, which stated that consumer prices rose by 1.8% in the twelve months to January. The inflation index rose from a reading of 1.6% in the twelve months ending December 2016, but still […]
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February 142017
US Dollar Rallies as Yellen Hints at a More Hawkish Fed Outlook
The US dollar rallied against its major competitors today triggered by the hawkish tone taken by the Fed chairperson, Janet Yellen, during her testimony before the Senate Banking Committee. The Fed chair spoke clearly in favor of hiking rates multiple times this year saying that it would be unwise for the Federal Reserve to wait too long before raising rates to accommodate inflation. There was a major spike in the US dollar’s […]
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February 142017
US Dollar Rallies as Yellen Hints at a More Hawkish Fed Outlook
The US dollar rallied against its major competitors today triggered by the hawkish tone taken by the Fed chairperson, Janet Yellen, during her testimony before the Senate Banking Committee. The Fed chair spoke clearly in favor of hiking rates multiple times this year saying that it would be unwise for the Federal Reserve to wait too long before raising rates to accommodate inflation. There was a major spike in the US dollar’s […]
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February 142017
Zloty Rebounds as Polish GDP Beats Expectations
Poland’s gross domestic product grew above expectations, probably contributing to the rally of the Polish zloty against the US dollar, though currencies of other Eastern European nations gained as well despite weaker-than-expected economic growth. Polish GDP demonstrated solid 2.7% growth in the last quarter of 2016. The increase exceeded forecasts, allowing the zloty to rebound after the earlier decline. With that said, economies of the Czech Republic and Hungary grew less than […]
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February 142017
Zloty Rebounds as Polish GDP Beats Expectations
Poland’s gross domestic product grew above expectations, probably contributing to the rally of the Polish zloty against the US dollar, though currencies of other Eastern European nations gained as well despite weaker-than-expected economic growth. Polish GDP demonstrated solid 2.7% growth in the last quarter of 2016. The increase exceeded forecasts, allowing the zloty to rebound after the earlier decline. With that said, economies of the Czech Republic and Hungary grew less than […]
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February 142017
Aussie Goes Higher on Positive Data from Australia & Abroad
The Australian dollar rallied today as economic data, both domestic and from abroad, was supportive to the currency, allowing it to rally to multi-year highs against some of its rivals. The Australian business confidence index reported by the National Australia Bank rose from +6 in December to +10 in January. Meanwhile, China’s Consumer Price Index rose 2.5% and the Producer Price Index increased 6.9% last month from a year ago, according to the data […]
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