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Day: April 28, 2017
April 282017
EUR/USD Trims Gains Despite Slow US Economic Growth
EUR/USD rallied today following the release of data that showed a surge of eurozone inflation this month. (Event A on the chart.) The currency has trimmed its gains by now despite a report showed that US economic growth slowed last quarter more than was expected. US GDP rose 0.7% in Q1 2016 according to the advance estimate, demonstrating the slowest rate of growth in three years. That is compared to the median forecast […]
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April 282017
US Dollar Weakens Versus a Basket of Major Counterparts on Disappointing GDP Growth
The US dollar declined against most of its main peers on Friday, which drove an index that tracks the greenbackâs strength to its lowest level since November 9 earlier today before partly erasing some of its losses. The US currency was weaker today following a report on gross domestic product growth in the United States, which revealed data that fell short of expectations. The US Bureau of Economic Analysis released […]
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April 282017
US Dollar Weakens Versus a Basket of Major Counterparts on Disappointing GDP Growth
The US dollar declined against most of its main peers on Friday, which drove an index that tracks the greenbackâs strength to its lowest level since November 9 earlier today before partly erasing some of its losses. The US currency was weaker today following a report on gross domestic product growth in the United States, which revealed data that fell short of expectations. The US Bureau of Economic Analysis released […]
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April 282017
USD/CAD Rallies Briefly After Release of Flat Canadian GDP Data
The USD/CAD currency pair today declined slightly from multi-month highs that had been registered earlier after the release of Canadian GDP data by Statistics Canada. The currency pair had rallied higher briefly after the announcement of both the Canadian and US GDP data before retracing some of its daily gains. The currency pair rallied to hit a new daily high after the announcement of the Canadian and US GDP data, which were simultaneously […]
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April 282017
USD/CAD Rallies Briefly After Release of Flat Canadian GDP Data
The USD/CAD currency pair today declined slightly from multi-month highs that had been registered earlier after the release of Canadian GDP data by Statistics Canada. The currency pair had rallied higher briefly after the announcement of both the Canadian and US GDP data before retracing some of its daily gains. The currency pair rallied to hit a new daily high after the announcement of the Canadian and US GDP data, which were simultaneously […]
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April 282017
EUR/USD Rallies Higher on Positive Eurozone CPI Data
The EUR/USD currency pair rallied to new highs today after the release of positive CPI data from the Eurozone. The euro gained significantly against the US dollar as the Eurozone inflation figures for the month of April released by Eurostat exceeded expectations. The currency pair gained over 70 points at the height of its rally as investors bought the pair due to the better economic outlook signaled by the CPI data. The CPI data from the Eurozone for April came in at 1.9% […]
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April 282017
EUR/USD Rallies Higher on Positive Eurozone CPI Data
The EUR/USD currency pair rallied to new highs today after the release of positive CPI data from the Eurozone. The euro gained significantly against the US dollar as the Eurozone inflation figures for the month of April released by Eurostat exceeded expectations. The currency pair gained over 70 points at the height of its rally as investors bought the pair due to the better economic outlook signaled by the CPI data. The CPI data from the Eurozone for April came in at 1.9% […]
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April 282017
Japanese Yen Soft Following Economic Data & BoJ Meeting
The Japanese yen fell during the current trading session following the barrage of economic reports in Japan today and yesterday’s policy meeting of the Bank of Japan. Plenty of reports were released from Japan today. Among them were Japan’s core Consumer Price Index, which rose 0.2% in March from the previous year (in line with expectations), and Tokyo core CPI, which fell 0.1% in April from a year ago (less than […]
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April 282017
Japanese Yen Soft Following Economic Data & BoJ Meeting
The Japanese yen fell during the current trading session following the barrage of economic reports in Japan today and yesterday’s policy meeting of the Bank of Japan. Plenty of reports were released from Japan today. Among them were Japan’s core Consumer Price Index, which rose 0.2% in March from the previous year (in line with expectations), and Tokyo core CPI, which fell 0.1% in April from a year ago (less than […]
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April 282017
GBP/USD Rises to Highest Since September, Ignoring Data
The Great Britain pound gained today, reaching the highest level since September, despite underwhelming economic data released from the United Kingdom today. UK gross domestic rose 0.3% in the first quarter of this year, missing the analysts’ estimate of 0.4%. It was the slowest growth rate in a year. Released earlier, UK GfK consumer confidence slipped to -7 in April from March’s -6. GBP/USD rallied from 1.2902 to 1.2946 […]
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