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Day: May 10, 2017
May 102017
Trump Sacks FBI Director Comey, EUR/USD Retreats
EUR/USD rallied today but has lost gains by now. The currency pair was unable to hold onto gains even though the dollar was under pressure from the shocking news: US President Donald Trump fired FBI Director Comey. The decision was surprising, shocking, and even somewhat suspicious, considering that Comey was investigating the alleged involvement of Russia into the US Presidential election and the Trump’s victory. The dollar slumped […]
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May 102017
Canadian Dollar Strengthens Against US Peer as Crude Inventories Fall
The Canadian dollar strengthened against the US dollar and the British pound on Wednesday, as oil prices climbed after a decline in US inventories improved the outlook for global supply. Tradersâ concerns about trade relations between the United States and its northern neighbor eased today, which further supported the loonie. The US Energy Information Administration released a summary of weekly petroleum data for the week ended May 5 at 14:30 GMT today, which revealed […]
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May 102017
Canadian Dollar Strengthens Against US Peer as Crude Inventories Fall
The Canadian dollar strengthened against the US dollar and the British pound on Wednesday, as oil prices climbed after a decline in US inventories improved the outlook for global supply. Tradersâ concerns about trade relations between the United States and its northern neighbor eased today, which further supported the loonie. The US Energy Information Administration released a summary of weekly petroleum data for the week ended May 5 at 14:30 GMT today, which revealed […]
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May 102017
EUR/USD Continues Losing Streak Despite Mario Draghi Speech
The EUR/USD currency pair today dropped drastically before the speech by European Central Bank president, Mario Draghi, where he outlined a hawkish outlook. The currency pair recovered briefly after Mario Draghi‘s speech, but was trading at a much lower price than its opening price for most of the day. The currency pair lost over 35 points at the height of its decline to trade at a daily low before Draghi’s speech infused […]
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May 102017
EUR/USD Continues Losing Streak Despite Mario Draghi Speech
The EUR/USD currency pair today dropped drastically before the speech by European Central Bank president, Mario Draghi, where he outlined a hawkish outlook. The currency pair recovered briefly after Mario Draghi‘s speech, but was trading at a much lower price than its opening price for most of the day. The currency pair lost over 35 points at the height of its decline to trade at a daily low before Draghi’s speech infused […]
Read more