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Day: May 5, 2017
May 52017
EUR/USD Rebounds After Decent Nonfarm Payrolls
US nonfarm payrolls released during the current trading session were rather good, but that did not prevent EUR/USD from climbing after the release. As a result, the currency pair rebounded after the intraday decline, heading to close just above the opening level. Market analysts speculate that traders paid more attention to the upcoming second round of the French Presidential election this weekend. With polls showing high probability […]
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May 52017
Canadian Dollar Gains Strength amid Stabilizing Oil Prices
The Canadian dollar strengthened against a number of its main counterparts on Friday, after traders of the currency felt relieved as prices of crude oil began to stabilize following sudden declines earlier today. Canadian economic data was mixed today, as upbeat data for business activity and unemployment rate were met with a disappointing number of new jobs. A decline in prices of a group of major commodities weighed on oil prices for the past two weeks as concerns […]
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May 52017
Canadian Dollar Gains Strength amid Stabilizing Oil Prices
The Canadian dollar strengthened against a number of its main counterparts on Friday, after traders of the currency felt relieved as prices of crude oil began to stabilize following sudden declines earlier today. Canadian economic data was mixed today, as upbeat data for business activity and unemployment rate were met with a disappointing number of new jobs. A decline in prices of a group of major commodities weighed on oil prices for the past two weeks as concerns […]
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May 52017
Pound Rallies on Friday After Week of Good Data
The Great Britain pound gained on Friday, poised to end the week with gains versus the Japanese yen but was heading to losses against the euro and the Swiss franc. All the major reports released from Great Britain during the week (be it data about manufacturing, construction, or services) were good and exceeded expectations. That proved that Britain’s economy stayed resilient in face of the looming Brexit. Some analysts argued that […]
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May 52017
Pound Rallies on Friday After Week of Good Data
The Great Britain pound gained on Friday, poised to end the week with gains versus the Japanese yen but was heading to losses against the euro and the Swiss franc. All the major reports released from Great Britain during the week (be it data about manufacturing, construction, or services) were good and exceeded expectations. That proved that Britain’s economy stayed resilient in face of the looming Brexit. Some analysts argued that […]
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May 52017
Euro Rallies Higher Against the US Dollar as NFP Effects Fade
The EUR/USD rallied higher today as the effects of the positive non-farm payrolls subsided during the North American session. The euro briefly declined against the US dollar due to the positive non-farm payrolls, but later rallied higher as the NFP effects faded. The EUR/USD currency pair gained over 40 points at the height of its rally and was on an upward trend at the time of writing. The currency pair had dropped to 1.0946 after the non-farm payrolls were released, […]
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May 52017
Euro Rallies Higher Against the US Dollar as NFP Effects Fade
The EUR/USD rallied higher today as the effects of the positive non-farm payrolls subsided during the North American session. The euro briefly declined against the US dollar due to the positive non-farm payrolls, but later rallied higher as the NFP effects faded. The EUR/USD currency pair gained over 40 points at the height of its rally and was on an upward trend at the time of writing. The currency pair had dropped to 1.0946 after the non-farm payrolls were released, […]
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May 52017
US Dollar Posts Mixed Results on Positive Non-Farm Payrolls Data
The US dollar today displayed mixed reactions to the positive non-farm payrolls as it weakened against some of its peers while rallying against others. Immediately after the release of the non-farm payrolls by the Bureau of Labor Statistics, the US dollar strengthened against the Japanese yen, but demonstrated weakness against the euro. The greenback has been largely weaker during today’s session as tracked by the US Dollar Index, which has been trading below its […]
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May 52017
US Dollar Posts Mixed Results on Positive Non-Farm Payrolls Data
The US dollar today displayed mixed reactions to the positive non-farm payrolls as it weakened against some of its peers while rallying against others. Immediately after the release of the non-farm payrolls by the Bureau of Labor Statistics, the US dollar strengthened against the Japanese yen, but demonstrated weakness against the euro. The greenback has been largely weaker during today’s session as tracked by the US Dollar Index, which has been trading below its […]
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May 52017
Australian Dollar Follows Crude Oil in Volatile Trading
The current trading session was very volatile for crude oil, and commodity currencies like the Australian and the Canadian dollars (though not the New Zealand dollar) were following moves of oil prices. Prices for crude tumbled intraday, dragging the Aussie and the loonie along with them. As of now, crude stabilized, therefore the currencies have managed to trim losses. The Reserve Bank of Australia released its Monetary Policy Statement today, which provided no […]
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