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Day: April 20, 2017
April 202017
EUR/USD Rises as Eurozone Consumer Confidence Improves
EUR/USD rose today, bouncing after yesterday’s small drop. One of the reasons for the rally was the improving consumer confidence, which now stands at the highest level since 2007. (Event B on the chart.) French election polls were also helping the currency pair, showing that markets-favoredEmmanuel Macron has a lead. Meanwhile, US economic data was mixed, not helping the dollar. Philadelphia Fed manufacturing index slid from 32.8 […]
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April 202017
Euro Climbs Higher Against Peers on Positive Consumer Confidence Data
The euro rallied higher against its main peers after the release of better-than-expected consumer confidence data by the European Commission. The currency also rallied hogher after the release of the Eurozone construction industry data for February, which beat expectations. The EUR/USD currency pair started the day’s session on a steady rising trend for several hours before retracing some of its gains, then later rallying higher and then retracing some of its gains. The euro rallied […]
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April 202017
GBP/USD Maintains Gains as UK Voting Intentions Become Clear
The GBP/USD currency pair today maintained the significant gains made after the announcement of snap elections by British Prime Minister Theresa May. The results of a poll conducted by YouGov on behalf of the Times Newspaper indicated that support for the ruling Conservative Party was at a nine-year high. The currency pair did not post any large moves today but gained over 50 points at the height of its rally before retracing some of its gains. The British […]
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