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Day: May 4, 2017
May 42017
EUR/USD Rallies After French Election Debate
EUR/USD rallied after the French election debate between the two candidates for presidency. Analysts considered that market-favoredEmmanuel Macron emerged as a victor, increasing his chances to become a president after the second round of voting this weekend. Economic data from the eurozone was also helping the currency pair, being good for the most part. US macroeconomic indicators were not bad either, but that did not prevent the euro from […]
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May 42017
EUR/USD Rallies Higher on Strong Eurozone PMI and Retail Sales Data
The EUR/USD currency pair rallied higher today after the release of strong Markit PMI data and retail sales data for the Eurozone. The currency pair’s rally was also due to the weaker US dollar as the solid rebound triggered by yesterday’s FOMC rate decision experienced a correction. The currency pair gained over 70 points at the height of its rally given the weaker US dollar as tracked by the US Dollar index, which was trading below […]
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May 42017
EUR/USD Rallies Higher on Strong Eurozone PMI and Retail Sales Data
The EUR/USD currency pair rallied higher today after the release of strong Markit PMI data and retail sales data for the Eurozone. The currency pair’s rally was also due to the weaker US dollar as the solid rebound triggered by yesterday’s FOMC rate decision experienced a correction. The currency pair gained over 70 points at the height of its rally given the weaker US dollar as tracked by the US Dollar index, which was trading below […]
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May 42017
Australian Dollar Lower After Economic Data & Comments from RBA Chief
The Australian dollar slid against its major rivals today as economic data from Australia and China was less than stellar. Comments from central bank’s chief Philip Lowe were not helping the matter as he was explaining dangers of high household debts to the economy. Australia’s trade balance demonstrated a surplus of A$3.11 billion in March that was lower than A$3.33 billion predicted by analysts and the February reading of A$3.66 […]
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May 42017
Australian Dollar Lower After Economic Data & Comments from RBA Chief
The Australian dollar slid against its major rivals today as economic data from Australia and China was less than stellar. Comments from central bank’s chief Philip Lowe were not helping the matter as he was explaining dangers of high household debts to the economy. Australia’s trade balance demonstrated a surplus of A$3.11 billion in March that was lower than A$3.33 billion predicted by analysts and the February reading of A$3.66 […]
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May 42017
Britain’s Pound Shows No Clear Trend After Positive Services PMI
The Great Britain pound was mixed today even though the services sector Purchasing Managers’ index was good. The currency gained on such majors like the US dollar and the Japanese yen, but fell against the Swiss franc and the euro. The Markit/CIPS Services PMI advanced from 55.0 in March to 55.8 in April. The index showed the sharpest rise of the business activity since December. Forecasters missed with their promises of a decrease to 54.6. GBP/USD […]
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May 42017
Britain’s Pound Shows No Clear Trend After Positive Services PMI
The Great Britain pound was mixed today even though the services sector Purchasing Managers’ index was good. The currency gained on such majors like the US dollar and the Japanese yen, but fell against the Swiss franc and the euro. The Markit/CIPS Services PMI advanced from 55.0 in March to 55.8 in April. The index showed the sharpest rise of the business activity since December. Forecasters missed with their promises of a decrease to 54.6. GBP/USD […]
Read more