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Day: February 20, 2017
February 202017
Canadian Dollar Steadies as Wholesale Trade Exceeds Forecasts
The Canadian dollar traded within a tight range against its US counterpart on Monday, following a week that was void of any big events. The Canadian currency was supported by wholesale trade growth data today, but it failed to gain any steady momentum. Statistics Canada released its report for wholesale trade at 13:30 GMT today. The report said that Canadian wholesale sales index gained 0.7% to $57.3 […]
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February 202017
Canadian Dollar Steadies as Wholesale Trade Exceeds Forecasts
The Canadian dollar traded within a tight range against its US counterpart on Monday, following a week that was void of any big events. The Canadian currency was supported by wholesale trade growth data today, but it failed to gain any steady momentum. Statistics Canada released its report for wholesale trade at 13:30 GMT today. The report said that Canadian wholesale sales index gained 0.7% to $57.3 […]
Read more
February 202017
British Pound Performs Better Ahead of Brexit Vote by House of Lords
The British pound today performed better against most of its main competitors as markets await the vote by the House of Lords on triggering article 50. The British pound was one of the better performing currencies during the European session as the American market remained closed due to the celebration of Presidents’ Day in the USA. The British pound had gained over 40 points against the US dollar in the GBP/USD currency pair, while the euro had lost about […]
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February 202017
British Pound Performs Better Ahead of Brexit Vote by House of Lords
The British pound today performed better against most of its main competitors as markets await the vote by the House of Lords on triggering article 50. The British pound was one of the better performing currencies during the European session as the American market remained closed due to the celebration of Presidents’ Day in the USA. The British pound had gained over 40 points against the US dollar in the GBP/USD currency pair, while the euro had lost about […]
Read more
February 202017
Euro Attempts to Rally, Remains in Danger from Negative Factors
The euro edged higher against some if its major rivals amid the risk-positive market sentiment and news that France’s left-wing forces failed to unite and present a joint candidate in the presidential race. Still, the currency was not particularly strong as negative factors, which were dragging it down previously, did not go away. Market participants were concerned that a leftist unity candidate would result in either a socialists […]
Read more
February 202017
Euro Attempts to Rally, Remains in Danger from Negative Factors
The euro edged higher against some if its major rivals amid the risk-positive market sentiment and news that France’s left-wing forces failed to unite and present a joint candidate in the presidential race. Still, the currency was not particularly strong as negative factors, which were dragging it down previously, did not go away. Market participants were concerned that a leftist unity candidate would result in either a socialists […]
Read more
February 202017
Japanese Yen Starts Week with Losses
The Japanese yen opened lower and proceeded to fall during the current trading session as the optimistic market sentiment and Japan’s shrinking trade surplus weighed on the currency. Japan’s trade balance logged a surplus of ¥0.16 trillion in January. It was smaller than the predicted ¥0.26 trillion and the December’s ¥0.33 trillion. The unfavorable data hurt the currency, which already had been under pressure from the traders’ positive that was aiding riskier currencies […]
Read more
February 202017
Japanese Yen Starts Week with Losses
The Japanese yen opened lower and proceeded to fall during the current trading session as the optimistic market sentiment and Japan’s shrinking trade surplus weighed on the currency. Japan’s trade balance logged a surplus of ¥0.16 trillion in January. It was smaller than the predicted ¥0.26 trillion and the December’s ¥0.33 trillion. The unfavorable data hurt the currency, which already had been under pressure from the traders’ positive that was aiding riskier currencies […]
Read more
February 202017
New Zealand Dollar Starts Week Sharply Higher
This week’s trading has started with a risk-positive sentiment on the Forex market. That, coupled with favorable domestic data, made the New Zealand dollar open sharply higher, though the currency has retreated by now. Statistics New Zealand reported that the input Producer Price Index rose 1.0% while the output PPI gained 1.5% in the December quarter. Both indicators were above the median forecast. Meanwhile, some commodities […]
Read more
February 202017
New Zealand Dollar Starts Week Sharply Higher
This week’s trading has started with a risk-positive sentiment on the Forex market. That, coupled with favorable domestic data, made the New Zealand dollar open sharply higher, though the currency has retreated by now. Statistics New Zealand reported that the input Producer Price Index rose 1.0% while the output PPI gained 1.5% in the December quarter. Both indicators were above the median forecast. Meanwhile, some commodities […]
Read more