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Day: March 10, 2017
March 102017
EUR/USD Surges on Talks About Interest Rate Hike from ECB
EUR/USD rallied today, touching the highest level in a month, despite solid growth of US employment. The reason for the currency pair’s gains was the report about discussion among European Central Bank members of possibility of an interest rate hike before the bond-buying program ends. Additionally, US employment data was not entirely positive as wage growth trailed analysts’ predictions. Nonfarm payrolls increased by 235k in February, exceeding analysts’ expectations of 196k. […]
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March 102017
Canadian Dollar Hangs onto Gains After Solid Employment Data
The Canadian dollar rallied today following the release of solid employment data from Canada. The currency has trimmed its gains by now but is still trading above the opening level. The loonie’s performance against the euro was different, though, as the Canadian dollar was unable to rise against the shared 19-nation currency. Canadian employers added 15,300 jobs in February. While the increase was noticeably smaller than January’s 48,300, it […]
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March 102017
Canadian Dollar Hangs onto Gains After Solid Employment Data
The Canadian dollar rallied today following the release of solid employment data from Canada. The currency has trimmed its gains by now but is still trading above the opening level. The loonie’s performance against the euro was different, though, as the Canadian dollar was unable to rise against the shared 19-nation currency. Canadian employers added 15,300 jobs in February. While the increase was noticeably smaller than January’s 48,300, it […]
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March 102017
Euro Rises Against Major Counterparts as ECB No Longer Worries About Deflation
The euro rallied against the US dollar, the British pound, and other major peers on Friday after the European Central Bank signaled that it no longer worries about deflationary pressures. The shared currency reached its highest point against the greenback in almost 2 months in todayâs trading. Following an update for his bankâs monetary policy, European Central Bank President Mario Draghi held a press conference, in which he said […]
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March 102017
Euro Rises Against Major Counterparts as ECB No Longer Worries About Deflation
The euro rallied against the US dollar, the British pound, and other major peers on Friday after the European Central Bank signaled that it no longer worries about deflationary pressures. The shared currency reached its highest point against the greenback in almost 2 months in todayâs trading. Following an update for his bankâs monetary policy, European Central Bank President Mario Draghi held a press conference, in which he said […]
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March 102017
US Dollar Disappoints Despite Strong Non-Farm Payroll Report
The US dollar’s performance was quite disappointing after the release of the non-farm payroll data by the Bureau of Labor Statistics, which exceeded expectations. Contrary to market expectations of a rally by the US dollar, the currency rallied briefly before retracing most of its gains, indicating that the markets had already priced-in the positive NFP. The US dollar rallied briefly as evidenced by the US Dollar Index, which rose to a daily high of 102.03, but later retraced […]
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March 102017
US Dollar Disappoints Despite Strong Non-Farm Payroll Report
The US dollar’s performance was quite disappointing after the release of the non-farm payroll data by the Bureau of Labor Statistics, which exceeded expectations. Contrary to market expectations of a rally by the US dollar, the currency rallied briefly before retracing most of its gains, indicating that the markets had already priced-in the positive NFP. The US dollar rallied briefly as evidenced by the US Dollar Index, which rose to a daily high of 102.03, but later retraced […]
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March 102017
GBP/USD Rallies Briefly After Release of UK Production Data for January
The GBP/USD today tested new daily highs after the release of the UK’s production data for the month of January by the Office of National Statistics. The currency pair started the day’s session trading in a range, but rallied higher after the release of the UK’s production data, which had mixed results. The British pound rallied against the US dollar, the euro and the Japanese yen after the release of the UK’s production data. The British pound’s rally was triggered by the UK’s […]
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March 102017
GBP/USD Rallies Briefly After Release of UK Production Data for January
The GBP/USD today tested new daily highs after the release of the UK’s production data for the month of January by the Office of National Statistics. The currency pair started the day’s session trading in a range, but rallied higher after the release of the UK’s production data, which had mixed results. The British pound rallied against the US dollar, the euro and the Japanese yen after the release of the UK’s production data. The British pound’s rally was triggered by the UK’s […]
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