- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: February 16, 2017
February 162017
British Pound Falls on Weak Wage Growth and Pessimistic Consumer Spending Outlook
The British pound declined against the euro on Thursday, as worries continued following data that revealed weak growth for wages of British workers. Investors remained concerned today following a report published yesterday by the UK Office for National Statistics on the condition of the British labor market between October and December. The report, which revealed that wages rose by 2.6% in the last quarter of 2016 to miss estimates, warned that slower wage growth will harm […]
Read more
February 162017
British Pound Falls on Weak Wage Growth and Pessimistic Consumer Spending Outlook
The British pound declined against the euro on Thursday, as worries continued following data that revealed weak growth for wages of British workers. Investors remained concerned today following a report published yesterday by the UK Office for National Statistics on the condition of the British labor market between October and December. The report, which revealed that wages rose by 2.6% in the last quarter of 2016 to miss estimates, warned that slower wage growth will harm […]
Read more
February 162017
Dollar Finds No Solace in Positive Macroeconomic Data
EUR/USD rose for the second consecutive session today even though fundamentals were positive for the US dollar. Economic data released from the United States over the current trading session was very solid for the most part. Additionally, US policy makers, who spoke this week, were rather hawkish. That led to speculations among market analysts that the weakness of the dollar should be short-lived. Housing starts were at the seasonally […]
Read more
February 162017
US Dollar Falls for Second Consecutive Day
The US dollar traded lower against the vast majority of most-traded currencies (with the exception of the very weak Australian dollar), falling for the second day in a row, even though macroeconomic data released from the United States was good for the most part. A bunch of US economic reports was released today, and most of them were very good. Of special note was the Philadelphia Fed manufacturing index that reached the highest level in in more […]
Read more
February 162017
US Dollar Falls for Second Consecutive Day
The US dollar traded lower against the vast majority of most-traded currencies (with the exception of the very weak Australian dollar), falling for the second day in a row, even though macroeconomic data released from the United States was good for the most part. A bunch of US economic reports was released today, and most of them were very good. Of special note was the Philadelphia Fed manufacturing index that reached the highest level in in more […]
Read more
February 162017
EUR/USD Trades Higher as US Dollar Weakens Despite Fed’s Hawkish Outlook
The EUR/USD currency pair rallied higher today solidifying the gains made yesterday as the US dollar weakened based on weak housing starts data released by the Census Bureau today. The US dollar weakened against the euro despite the hawkish outlook reported by Fed chair, Janet Yellen, during her two-day Humphrey-Hawkins testimony before Congress. The currency pair had gained over 50 points during today’s session and had extended its rally […]
Read more
February 162017
EUR/USD Trades Higher as US Dollar Weakens Despite Fed’s Hawkish Outlook
The EUR/USD currency pair rallied higher today solidifying the gains made yesterday as the US dollar weakened based on weak housing starts data released by the Census Bureau today. The US dollar weakened against the euro despite the hawkish outlook reported by Fed chair, Janet Yellen, during her two-day Humphrey-Hawkins testimony before Congress. The currency pair had gained over 50 points during today’s session and had extended its rally […]
Read more
February 162017
Market Sentiment Sours, Restoring Demand for Safety of Yen
The Japanese yen gained on its rivals during the current trading session as the market sentiment soured, making investors shun riskier assets and prefer safer ones. Market participants were a bit nervous ahead of the upcoming Group of Twenty meeting. In particular, they were concerned how the Trump administration will handle its coming out. The yen, being traditionally considered a safe currency, profited from such concerns. The Australian dollar, a risk-sensitive […]
Read more
February 162017
Market Sentiment Sours, Restoring Demand for Safety of Yen
The Japanese yen gained on its rivals during the current trading session as the market sentiment soured, making investors shun riskier assets and prefer safer ones. Market participants were a bit nervous ahead of the upcoming Group of Twenty meeting. In particular, they were concerned how the Trump administration will handle its coming out. The yen, being traditionally considered a safe currency, profited from such concerns. The Australian dollar, a risk-sensitive […]
Read more
February 162017
Employment Data Drives Australian Dollar Down
The Australian dollar dropped today after two consecutive sessions of gains, driven down by employment data. While the report might look good at the first glance, unwrapping it revealed that the situation on the Australian labor market was not that stellar. Australian employers added 13,500 jobs in January, according to the data from the Australian Bureau of Statistics, a figure that exceeded the average forecast of an increase by 9,700. The problem was that was […]
Read more