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Day: March 23, 2017
March 232017
EUR/USD Little Changed During Thursday’s Trading
EUR/USD was little changed during Thursday’s trading session as economic data from the United States was mixed and markets were waiting for the vote on the Trumpcare. Initial jobless claims were at the seasonally adjusted level of 258k last week, an increase from the previous week’s revised level of 243k. It was a surprise as market participants were counting on a small drop to 240k. (Event A on the chart.) New home sales were at the seasonally adjusted […]
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March 232017
US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote
The US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan. The vote, which will take place today in the House of Representatives, will gauge Republicansâ ability to stand united behind President Donald Trump as he pushes through with his political and economic agenda. If the Republican healthcare bill was […]
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March 232017
US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote
The US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan. The vote, which will take place today in the House of Representatives, will gauge Republicansâ ability to stand united behind President Donald Trump as he pushes through with his political and economic agenda. If the Republican healthcare bill was […]
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March 232017
GBP/USD Rallies After Release of Strong UK Sales Data by the ONS
The GBP/USD currency pair rallied higher today after the release of strong UK retail sales data for the month of February by the Office for National Statistics. The British pound rallied higher boosted by the positive retail sales data as opposed to the weaker US dollar as investors exercised caution towards the greenback ahead of crucial House vote. The currency pair gained over 50 points at the peak of its rally, but had retraced some of its gains […]
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March 232017
GBP/USD Rallies After Release of Strong UK Sales Data by the ONS
The GBP/USD currency pair rallied higher today after the release of strong UK retail sales data for the month of February by the Office for National Statistics. The British pound rallied higher boosted by the positive retail sales data as opposed to the weaker US dollar as investors exercised caution towards the greenback ahead of crucial House vote. The currency pair gained over 50 points at the peak of its rally, but had retraced some of its gains […]
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