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Day: August 23, 2017
August 232017
EUR/USD Reverses Movement Yet Again
EUR/USD reversed its movement yet again, basically changing its direction every day of this week. The currency pair gained today as the dollar was hurt by the comments of the US President Donald Trump. Economic reports released in the United States during the current session also contributed the drop of the greenback, being disappointing for the most part (with the notable exception of the services indicator). Flash Markit manufacturing PMI dropped from 53.3 in July […]
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August 232017
British Pound Weakens Against US Dollar on Brexit Uncertainties
The British pound today weakened against the US dollar as it reacted to uncertainties related to the UK government’s stance on the Brexit negotiations. The pound was weakened further by a rally in the euro, which was triggered by positive Eurozone PMI data, and market expectations of a QE tapering announcement by the European Central Bank. The GBP/USD currency pair lost over 50 points at the height of its decline and was on a downward trend at the time of writing. The British pound’s decline […]
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August 232017
British Pound Weakens Against US Dollar on Brexit Uncertainties
The British pound today weakened against the US dollar as it reacted to uncertainties related to the UK government’s stance on the Brexit negotiations. The pound was weakened further by a rally in the euro, which was triggered by positive Eurozone PMI data, and market expectations of a QE tapering announcement by the European Central Bank. The GBP/USD currency pair lost over 50 points at the height of its decline and was on a downward trend at the time of writing. The British pound’s decline […]
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August 232017
EUR/USD Prints Fresh Highs on Positive Eurozone PMI Data
The EUR/USD currency pair today hit new highs during the late European session and into the North American session after the release of positive Markit Flash Eurozone PMI data. The pair’s rally was also attributed to the weaker US dollar, which was under intense selling pressure after Donald Trump threatened a government shutdown during a rally in Arizona. The currency pair gained over 75 points at the height of its rally […]
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August 232017
EUR/USD Prints Fresh Highs on Positive Eurozone PMI Data
The EUR/USD currency pair today hit new highs during the late European session and into the North American session after the release of positive Markit Flash Eurozone PMI data. The pair’s rally was also attributed to the weaker US dollar, which was under intense selling pressure after Donald Trump threatened a government shutdown during a rally in Arizona. The currency pair gained over 75 points at the height of its rally […]
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August 232017
New Zealand Dollar Lower on Economic Forecast
The New Zealand dollar fell today after the country’s government released its budget projections for the year. The government more than doubled the estimate for budget surplus in 2016–17. Yet it reduced the outlook for growth both in 2017 and 2018. That means less money to spend for whoever wins the September election and less scope for monetary tightening from the Reserve Bank of New Zealand. NZD/USD fell from 0.7274 to 0.7231 as of 11:37 GMT today. […]
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August 232017
New Zealand Dollar Lower on Economic Forecast
The New Zealand dollar fell today after the country’s government released its budget projections for the year. The government more than doubled the estimate for budget surplus in 2016–17. Yet it reduced the outlook for growth both in 2017 and 2018. That means less money to spend for whoever wins the September election and less scope for monetary tightening from the Reserve Bank of New Zealand. NZD/USD fell from 0.7274 to 0.7231 as of 11:37 GMT today. […]
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August 232017
USD/JPY Lower After Trump’s Comments, Japan’s Manufacturing PMI
US President Donald Trump riled markets by his comments yet again. The resulting bid for haven allowed the Japanese yen to gain on the US dollar and some other currencies, like the Great Britain pound. Japan’s macroeconomic data helped the Japanese currency as well. Trump threatened to shut the government down if it will not fund the wall between the United States and Mexico, which was the focus of his election campaign. Additionally, […]
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August 232017
USD/JPY Lower After Trump’s Comments, Japan’s Manufacturing PMI
US President Donald Trump riled markets by his comments yet again. The resulting bid for haven allowed the Japanese yen to gain on the US dollar and some other currencies, like the Great Britain pound. Japan’s macroeconomic data helped the Japanese currency as well. Trump threatened to shut the government down if it will not fund the wall between the United States and Mexico, which was the focus of his election campaign. Additionally, […]
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