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Day: May 19, 2017
May 192017
USD/JPY Declines to New Lows on Broad US Dollar Sell-Off and Dovish Fed Comments
The USD/JPY currency pair posted a minor recovery from yesterday’s losses during the Asian session, but these gains were quickly reversed during the early North American session. The pair seemed to recover briefly as the uncertainty around Donald Trump‘s presidency waned slightly, but went ahead to establish a sideways trend as the selling pressure on the greenback increased after James Bullard‘s dovish comments. Although the currency pair has been trading in a range […]
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May 192017
USD/JPY Declines to New Lows on Broad US Dollar Sell-Off and Dovish Fed Comments
The USD/JPY currency pair posted a minor recovery from yesterday’s losses during the Asian session, but these gains were quickly reversed during the early North American session. The pair seemed to recover briefly as the uncertainty around Donald Trump‘s presidency waned slightly, but went ahead to establish a sideways trend as the selling pressure on the greenback increased after James Bullard‘s dovish comments. Although the currency pair has been trading in a range […]
Read more
May 192017
US Dollar Plummets Against Euro to Lowest Level Since Trump Election Victory
The US dollar plummeted against the euro on Friday to touch its weakest level since Donald Trump won the US presidential election in November 2016. The greenback had a bad week as traders became worried that the president may face strong political resistance to his economic agenda following the aftermath of his sudden termination of Federal Bureau of Investigation Director James Comey. During his presidential campaign, Trump made a number of promises that proved […]
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May 192017
US Dollar Plummets Against Euro to Lowest Level Since Trump Election Victory
The US dollar plummeted against the euro on Friday to touch its weakest level since Donald Trump won the US presidential election in November 2016. The greenback had a bad week as traders became worried that the president may face strong political resistance to his economic agenda following the aftermath of his sudden termination of Federal Bureau of Investigation Director James Comey. During his presidential campaign, Trump made a number of promises that proved […]
Read more
May 192017
GBP/USD Rallies Higher Boosted by Dovish Comments from Bullard
The GBP/USD currency pair rallied higher today after dovish comments from James Bullard, President of the Federal Reserve Bank of St. Louis, during the early North American session. The currency pair was on an upward trend for most of the European session following the release of positive CBI trends total orders earlier today. The currency pair gained over 80 points at the height of its rally and was on track to close today’s session at levels much […]
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May 192017
GBP/USD Rallies Higher Boosted by Dovish Comments from Bullard
The GBP/USD currency pair rallied higher today after dovish comments from James Bullard, President of the Federal Reserve Bank of St. Louis, during the early North American session. The currency pair was on an upward trend for most of the European session following the release of positive CBI trends total orders earlier today. The currency pair gained over 80 points at the height of its rally and was on track to close today’s session at levels much […]
Read more
May 192017
Canadian Dollar Trades Without Direction After Mixed Data
The Canadian dollar traded without clear trend during the current trading session, which made sense considering Canada’s macroeconomic data released today was mixed as well, giving the currency no reason to move in a particular direction. Canadian retail sales rose 0.7% in March after falling 0.4% in February. That was a better reading than a 0.4% increase predicted by analysts. But the core components of the sales (those excluding volatile […]
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May 192017
Canadian Dollar Trades Without Direction After Mixed Data
The Canadian dollar traded without clear trend during the current trading session, which made sense considering Canada’s macroeconomic data released today was mixed as well, giving the currency no reason to move in a particular direction. Canadian retail sales rose 0.7% in March after falling 0.4% in February. That was a better reading than a 0.4% increase predicted by analysts. But the core components of the sales (those excluding volatile […]
Read more