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Day: May 30, 2017
May 302017
Euro Attempts to Bounce Despite Disappointing Economic Reports
The euro is trading below the opening level against most of its major rivals currently, but is showing tendency to rebound and was actually able to erase losses versus the US dollar completely. The bounce seems to follow the release of eurozone macroeconomic data, but that in no way looks justified as the indicators were disappointing for the most part. According to the flash report, Spain’s Consumer Price Index rose 1.9% in May from […]
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May 302017
Great Britain Pound Reverses Earlier Tuesday’s Moves
The Great Britain pound reversed its earlier moves today, rebounding versus the US dollar and the Japanese yen but trimming gains against the euro and the Swiss franc. Politics are likely to continue driving the currency in the near future. Apparently, markets are betting on the victory of the Conservative party of UK Prime Minister Theresa_May in the coming general election, and that is viewed as a positive outcome. May showed tough stance, willing to walk away […]
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May 302017
Great Britain Pound Reverses Earlier Tuesday’s Moves
The Great Britain pound reversed its earlier moves today, rebounding versus the US dollar and the Japanese yen but trimming gains against the euro and the Swiss franc. Politics are likely to continue driving the currency in the near future. Apparently, markets are betting on the victory of the Conservative party of UK Prime Minister Theresa_May in the coming general election, and that is viewed as a positive outcome. May showed tough stance, willing to walk away […]
Read more