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Day: September 4, 2017
September 42017
Canadian Dollar Starts Trading Volatile, Stabilizes Later
As most other currencies, the Canadian dollar opened sharply lower today due to risk aversion caused by the North Korean nuclear test. Yet after volatile swings, the currency stabilized and did not move far from its opening level. The Canadian dollar is considered to be a risky commodity currency as opposed to safe currencies like the yen or the franc. That makes the loonie susceptible to deterioration of the market sentiment as it demonstrated today. […]
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September 42017
Canadian Dollar Starts Trading Volatile, Stabilizes Later
As most other currencies, the Canadian dollar opened sharply lower today due to risk aversion caused by the North Korean nuclear test. Yet after volatile swings, the currency stabilized and did not move far from its opening level. The Canadian dollar is considered to be a risky commodity currency as opposed to safe currencies like the yen or the franc. That makes the loonie susceptible to deterioration of the market sentiment as it demonstrated today. […]
Read more
September 42017
Pound Remains Vulnerable to Adverse Fundamentals
The Great Britain pound was vulnerable today amid the cautious market sentiment, persisting uncertainty surrounding the Brexit, and poor economic data. Last week’s negotiations between the United Kingdom and the European Union did not show signs of progress towards compromise. This week, speculators turned their attentions towards debates about the Repeal bill in Britain’s Parliament that should outline laws and regulations in the independent country replacing the EU laws. […]
Read more
September 42017
Pound Remains Vulnerable to Adverse Fundamentals
The Great Britain pound was vulnerable today amid the cautious market sentiment, persisting uncertainty surrounding the Brexit, and poor economic data. Last week’s negotiations between the United Kingdom and the European Union did not show signs of progress towards compromise. This week, speculators turned their attentions towards debates about the Repeal bill in Britain’s Parliament that should outline laws and regulations in the independent country replacing the EU laws. […]
Read more
September 42017
Aussie Opens Sharply Lower amid Risk Aversion, Poor Data
The Australian dollar, like other currencies considered to be relatively risky, opened sharply lower today amid the risk-adverse market sentiment. Poor domestic macroeconomic data did not help the currency either. Australian company gross operating profits fell 4.5% in the June quarter from the previous three months on a seasonally adjusted basis, exceeding the drop by 3.9% predicted by analysts. What is more, the first quarter’s increase was revised […]
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September 42017
Aussie Opens Sharply Lower amid Risk Aversion, Poor Data
The Australian dollar, like other currencies considered to be relatively risky, opened sharply lower today amid the risk-adverse market sentiment. Poor domestic macroeconomic data did not help the currency either. Australian company gross operating profits fell 4.5% in the June quarter from the previous three months on a seasonally adjusted basis, exceeding the drop by 3.9% predicted by analysts. What is more, the first quarter’s increase was revised […]
Read more
September 42017
Safe Assets Gain as North Korea in Spotlight Yet Again
Safe haven assets, like the Japanese yen, Swiss franc, and gold, started the week sharply higher as markets opened and reacted to the news that North Korea conducted yet another nuclear test on Sunday. North Korea claimed it performed a successful test of a powerful hydrogen bomb, and the 6.3 magnitude tremor (Richter scale) registered in the region supported that claim. It is interesting that the Japanese yen retained its safe […]
Read more
September 42017
Safe Assets Gain as North Korea in Spotlight Yet Again
Safe haven assets, like the Japanese yen, Swiss franc, and gold, started the week sharply higher as markets opened and reacted to the news that North Korea conducted yet another nuclear test on Sunday. North Korea claimed it performed a successful test of a powerful hydrogen bomb, and the 6.3 magnitude tremor (Richter scale) registered in the region supported that claim. It is interesting that the Japanese yen retained its safe […]
Read more