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Day: August 4, 2017
August 42017
NFP Surprise Positively, EUR/USD Edges Down
EUR/USD was trading sideways ahead of US nonfarm payrolls but slid after the release of the employment report. Employment growth was better than expected, while other indicators looked solid as well, though economists were concerned that wage inflation basically is not moving anywhere. Nonfarm payrolls rose 209k in July, exceeding the median forecast of 182k. Furthermore, the already substantial June increase of 222k was revised […]
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August 42017
Pound Heads to Worst Two Days in Almost a Month
The Great Britain pound fell against its most-traded rivals during the Friday’s trading session as better-than-expected US nonfarm payrolls prompted market participants to trim long positions on other currencies. The official report about US jobs market turned out to be rather good, with all indicators being solid. In particular, employment rose by 209,000 last month, exceeding the average forecast of 182,000. With that said, there were […]
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August 42017
Pound Heads to Worst Two Days in Almost a Month
The Great Britain pound fell against its most-traded rivals during the Friday’s trading session as better-than-expected US nonfarm payrolls prompted market participants to trim long positions on other currencies. The official report about US jobs market turned out to be rather good, with all indicators being solid. In particular, employment rose by 209,000 last month, exceeding the average forecast of 182,000. With that said, there were […]
Read more
August 42017
US Dollar Surges on Impressive Job Gains and Shrinking Trade Deficit
The US dollar surged against the euro and other major counterparts on Friday, as the economy in the United States created more jobs than expected in July. The gap between US imports and exports narrowed in June, which pushed an index that tracks the greenbackâs strength toward its best level in 7 trading sessions. The Bureau of Labor Statistics said in an employment report that was released earlier today that nonfarm labor payroll gained […]
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August 42017
US Dollar Surges on Impressive Job Gains and Shrinking Trade Deficit
The US dollar surged against the euro and other major counterparts on Friday, as the economy in the United States created more jobs than expected in July. The gap between US imports and exports narrowed in June, which pushed an index that tracks the greenbackâs strength toward its best level in 7 trading sessions. The Bureau of Labor Statistics said in an employment report that was released earlier today that nonfarm labor payroll gained […]
Read more
August 42017
Canadian Dollar Declines Against US Dollar on Positive NFP
The Canadian dollar today declined against its US counterpart after the release of positive US non-farm payrolls data and a better than expected US trade deficit. Statistics Canada also reported that the country added more jobs than expected, but Canada’s trade deficit was higher than expected resulting in a weaker loonie. The USD/CAD currency pair gained over 100 points at the height of its rally after the release […]
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August 42017
Canadian Dollar Declines Against US Dollar on Positive NFP
The Canadian dollar today declined against its US counterpart after the release of positive US non-farm payrolls data and a better than expected US trade deficit. Statistics Canada also reported that the country added more jobs than expected, but Canada’s trade deficit was higher than expected resulting in a weaker loonie. The USD/CAD currency pair gained over 100 points at the height of its rally after the release […]
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August 42017
Euro Little Changed as Data Mixed, Traders Wait for NFP
The euro was little changed during the current trading session as economic data released in the eurozone was mixed. Besides, traders were cautious of adding positions ahead of US nonfarm payrolls due to release later today. German factory orders rose 1.0% in June from the previous month (adjusted to season variations), more than analysts had predicted — 0.6%. Italian retail sales increased 0.6% in June from May, also […]
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August 42017
Euro Little Changed as Data Mixed, Traders Wait for NFP
The euro was little changed during the current trading session as economic data released in the eurozone was mixed. Besides, traders were cautious of adding positions ahead of US nonfarm payrolls due to release later today. German factory orders rose 1.0% in June from the previous month (adjusted to season variations), more than analysts had predicted — 0.6%. Italian retail sales increased 0.6% in June from May, also […]
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August 42017
Australian Dollar Gains Following Retail Sales & RBA Statement
The Australian dollar rose against its most traded rivals today following the release of retail sales data and the Monetary Policy Statement from the Reserve Bank of Australia. Australian retail sales rose 0.3% in June from the previous month, above the consensus forecast of 0.2%. The indicator provided a positive surprise for the third month in a row. Meanwhile, the RBA was fairly optimistic in its Statement, saying: Domestic economic data have been mostly […]
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