Day: March 20, 2017

March 20
2017

How Can High Nonfarm Payrolls Hurt USD?

Nonfarm payrolls is a macroeconomic employment report released monthly by the US Bureau of Labor Statistics (or BLS for short). The number represents the quantity of new jobs added by the non-agriculture private sector during the month. Forex traders consider it as an invariably important report in respect of its effect on the US dollar. They also consider it an invariable bullish report for the USD — the higher the NFP number, the better for the dollar. However, sometimes this logic fails […]

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March 20
2017

Canadian Dollar Falls Against US Peer as Oil Prices Fall

The Canadian dollar retreated against its US counterpart on Monday, following a decline in the prices of crude oil as investors became concerned about growing global supply. The loonie moved further south after a meeting between finance ministers of member countries in the Group of Twenty ended with a decision to drop a pledge to support free trade. The Group of Twenty released a statement that said the group will work on strengthening the contribution of trade to the economies of its […]

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March 20
2017

Canadian Dollar Falls Against US Peer as Oil Prices Fall

The Canadian dollar retreated against its US counterpart on Monday, following a decline in the prices of crude oil as investors became concerned about growing global supply. The loonie moved further south after a meeting between finance ministers of member countries in the Group of Twenty ended with a decision to drop a pledge to support free trade. The Group of Twenty released a statement that said the group will work on strengthening the contribution of trade to the economies of its […]

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March 20
2017

US Dollar Demonstrates Mild Recovery During the American Session

The US dollar today demonstrated a mild recovery against its main peers during the early North American session boosted by the stronger US Dollar Index. The US Dollar today demonstrated a recovery trend against the euro and the Japanese yen initiating a brief pause in the selling pressure that has plagued the currency since last week. The US dollar’s mild recovery was tracked by the US Dollar Index, which was trading at 100.38 at the time […]

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March 20
2017

US Dollar Demonstrates Mild Recovery During the American Session

The US dollar today demonstrated a mild recovery against its main peers during the early North American session boosted by the stronger US Dollar Index. The US Dollar today demonstrated a recovery trend against the euro and the Japanese yen initiating a brief pause in the selling pressure that has plagued the currency since last week. The US dollar’s mild recovery was tracked by the US Dollar Index, which was trading at 100.38 at the time […]

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March 20
2017

Great Britain Pound’s Future Hangs on Inflation Data

The Great Britain pound rallied last week, not least due to Bank of England’s policy statement that was less dovish than market participants had anticipated. But will the currency be able to maintain gains amid Brexit uncertainty and fears? The BoE took a very dovish stance after the Brexit referendum, boosting monetary stimulus and preparing to make its policy even more accommodative to support Britain’s economy that […]

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March 20
2017

Great Britain Pound’s Future Hangs on Inflation Data

The Great Britain pound rallied last week, not least due to Bank of England’s policy statement that was less dovish than market participants had anticipated. But will the currency be able to maintain gains amid Brexit uncertainty and fears? The BoE took a very dovish stance after the Brexit referendum, boosting monetary stimulus and preparing to make its policy even more accommodative to support Britain’s economy that […]

Read more