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Day: March 8, 2017
March 82017
Great Britain Pound Struggles as Brexit Uncertainty Weighs
The Great Britain pound was vulnerable on Wednesday due to Brexit uncertainties but bounced to trade near the opening level against most of its major rivals. The US dollar was an exception as against it the sterling retained losses, falling for the third day in a row. The House of Lords passed the Brexit Bill but with the critical amendment that the Parliament should have a say in Brexit talks. Many analysts were concerned that it […]
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March 82017
Great Britain Pound Struggles as Brexit Uncertainty Weighs
The Great Britain pound was vulnerable on Wednesday due to Brexit uncertainties but bounced to trade near the opening level against most of its major rivals. The US dollar was an exception as against it the sterling retained losses, falling for the third day in a row. The House of Lords passed the Brexit Bill but with the critical amendment that the Parliament should have a say in Brexit talks. Many analysts were concerned that it […]
Read more
March 82017
CAD/JPY Rallies Briefly on Positive Housing Starts and Building Permits
The CAD/JPY currency pair today rallied briefly after the release of positive housing starts and building permits data, which exceeded expectations. However, the rally was short-lived as the loonie’s weakness against the US dollar, its main trading partner, spread to affect the Canadian dollar’s performance against other currencies. The CAD/JPY brief rally led to the currency pair hitting a daily high of 85.22, but the pair had retraced most of its daily […]
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March 82017
CAD/JPY Rallies Briefly on Positive Housing Starts and Building Permits
The CAD/JPY currency pair today rallied briefly after the release of positive housing starts and building permits data, which exceeded expectations. However, the rally was short-lived as the loonie’s weakness against the US dollar, its main trading partner, spread to affect the Canadian dollar’s performance against other currencies. The CAD/JPY brief rally led to the currency pair hitting a daily high of 85.22, but the pair had retraced most of its daily […]
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March 82017
ADP Employment Beats Expectations by Wide Margin, EUR/USD Slides
EUR/USD dropped today, falling for the third day in a row. The main reason for the drop was surprisingly amazing US employment data released by Automatic Data Processing on Wednesday. Other macroeconomic reports released from the United States over the trading session were also favorable. ADP employment gained by as much as 298k in February from January. The huge increase far exceeded the average forecast of 184k. On top of that, the January increase was revised […]
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March 82017
US Dollar Climbs Against Euro on Strong ADP Employment Data
The US dollar rose against most of its major peers and touched its highest level in five days against the euro on Wednesday. The greenback was stronger after private sector payroll data in the United States showed an increase that exceeded expectations. The ADP Research Institute released its national employment report for February earlier today, which said that private sector hired 298,000 more employees in the last month. The increase […]
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March 82017
US Dollar Climbs Against Euro on Strong ADP Employment Data
The US dollar rose against most of its major peers and touched its highest level in five days against the euro on Wednesday. The greenback was stronger after private sector payroll data in the United States showed an increase that exceeded expectations. The ADP Research Institute released its national employment report for February earlier today, which said that private sector hired 298,000 more employees in the last month. The increase […]
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