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Day: April 21, 2017
April 212017
US Existing Home Sales Pace Highest Since 2007, EUR/USD Falls
EUR/USD dropped today as US existing home sales pace reached the highest level in more than a decade. Markit PMIs were disappointing, but that did not help the currency pair very much. The euro was also under pressure from this weekend’s French elections and yesterday’s terrorist attack. Markit services PMI slid from 52.8 in March to 52.5 in April instead of rising to 53.7 as analysts had predicted. […]
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April 212017
US Dollar Edges Higher on Strong Housing Data and Anticipation for French Election
The US dollar strengthened against the euro on Friday, following the release of positive data for the US housing sector. Investors are keeping a close eye on the French presidential election on Sunday, which weighed on the shared currency and gave way for the greenback to score more gains today. The US National Association of Realtors released a report on existing home sales earlier today. The report said that sales rose 4.4% to 5.71 million in March, after decreasing […]
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April 212017
Yen Gains on Economic Data, Risk Aversion
The Japanese yen was firm today after the release of positive domestic macroeconomic data. The currency gained on the euro also due to the market sentiment that worsened after what looks like as a terrorist attack in France. Japan’s tertiary industry activity rose 0.2% in February from the previous month (seasonally adjusted) after falling at the same rate in January. The Nikkei Flash Japan Manufacturing PMI increased from 52.4 in March to 52.8 in April. […]
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April 212017
Pound Drops After Unexpectedly Poor Retail Sales Data
The Great Britain pound fell today after the release of disappointing retail sales data for March. Britain’s retail sales fell 1.8% in March from February. Forecasts promised a much smaller drop by 0.3%. The sterling slipped following the report but remained at relatively elevated levels that it has reach after the surprise announcement of a snap general election on June 8. GBP/USD slid from 1.2810 to 1.2778 as of 11:35 GMT today […]
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April 212017
US Dollar Stays Lower on Lackluster Manufacturing Data
The US dollar remained weaker against the euro on Thursday as traders digested a disappointing report on manufacturing activity in the Philadelphia region, which was released earlier today. However, an index that tracks the strength of the greenback rose as the US currency improved against a number of its major peers. The report, which was published by the Federal Reserve Bank of Philadelphia, said that manufacturing activity in the bankâs region continued to expand in April. An index for manufacturing activity […]
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