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Day: July 20, 2017
July 202017
EUR/USD at Highest Since August 2015 After ECB Meeting
EUR/USD reached flash highs today, rising to the strongest level since August 2015, after the European Central Bank monetary policy decision (event A on the chart) and the press-conference of ECB President Mario Draghi (event B on the chart). While the central bank kept its policy unchanged, Draghi mentioned that policy makers will discuss adjustments of the bond-buying program in fall. Market participants thought that the discussion may result in quantitative easing […]
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July 202017
AUD Boosted by Employment Data, Unable to Keep Momentum
The Australian dollar rallied on the back of positive employment data in the first half of the current trading session but was unable to keep the upward momentum. The currency trimmed gains against the US dollar and lost them outright against other most-traded rivals. Australian employers added 14,000 jobs in June. While it was a bit less than analysts had predicted (14,400), the miss was not big. Furthermore, the growth was driven […]
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July 202017
Japanese Yen Mixed After BoJ Policy Meeting & Economic Outlook
The Japanese yen was mixed following the monetary policy announcement from the Bank of Japan. The currency reacted to the moves of its peers for the most part, rising against the weak ones and falling versus the strong ones. The BoJ kept its monetary policy unchanged, including the key interest rate that stayed at -0.1%. The central bank revised its interest rate, boosting the forecast for economic growth but paring back the inflation outlook for this […]
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July 202017
Japanese Yen Mixed After BoJ Policy Meeting & Economic Outlook
The Japanese yen was mixed following the monetary policy announcement from the Bank of Japan. The currency reacted to the moves of its peers for the most part, rising against the weak ones and falling versus the strong ones. The BoJ kept its monetary policy unchanged, including the key interest rate that stayed at -0.1%. The central bank revised its interest rate, boosting the forecast for economic growth but paring back the inflation outlook for this […]
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July 202017
Euro Rallies Against Peers on Mario Draghi Speech and ECB Rate Decision
The euro rallied higher against its main counterparts today after the European Central Bank Governor’s speech on the bank’s rate decision. Mario Draghi‘s speech was a commentary on the ECB’s future outlook after it announced that it would maintain its current interest rates and its quantitative easing program. The EUR/USD currency pair rallied by over 90 points during and after Mario Draghi’s speech as he took on a slightly […]
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July 202017
Euro Rallies Against Peers on Mario Draghi Speech and ECB Rate Decision
The euro rallied higher against its main counterparts today after the European Central Bank Governor’s speech on the bank’s rate decision. Mario Draghi‘s speech was a commentary on the ECB’s future outlook after it announced that it would maintain its current interest rates and its quantitative easing program. The EUR/USD currency pair rallied by over 90 points during and after Mario Draghi’s speech as he took on a slightly […]
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July 202017
British Pound Declines Against Peers Despite Positive Retail Sales Data
The British pound today declined against the US dollar and the euro despite the release of positive UK retail sales data. The British pound rallied higher for a minute or so after the release before retracing all its gains and trending lower. The GBP/USD currency pair lost over 90 points at the height of its decline today as investors remain bearish towards the pound. UK retail sales released today by the Office for National Statistics rebounded […]
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