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Day: September 8, 2017
September 82017
EUR/USD Ends Session Almost Losing Gains
EUR/USD rallied during the Friday’s trading session but closed almost at the opening level. The dollar was generally weak on Friday due to a range of factors, including concerns about North Korea and possibility of another nuclear test by the rogue nation, decreasing chances for another interest rate hike from the Federal Reserve this year, and the threat from Hurricane Irma just shortly after the disastrous impact of Hurricane Harvey. As for US economic data, […]
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September 82017
USD/CAD Rallies Higher Despite Positive Canadian Employment Data
The USD/CAD currency pair today rallied higher despite the release of positive Canadian employment data by Statistics Canada. The pair’s upward momentum is likely to have been caused by the fact that the loonie had exhausted all its previous momentum after the Bank of Canada rate hike earlier this week. The USD/CAD pair rallied by over 100 points from its session lows signalling that the pair had hit a support […]
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September 82017
USD/CAD Rallies Higher Despite Positive Canadian Employment Data
The USD/CAD currency pair today rallied higher despite the release of positive Canadian employment data by Statistics Canada. The pair’s upward momentum is likely to have been caused by the fact that the loonie had exhausted all its previous momentum after the Bank of Canada rate hike earlier this week. The USD/CAD pair rallied by over 100 points from its session lows signalling that the pair had hit a support […]
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September 82017
GBP/USD Rallies to New Monthly Highs on Positive UK Data
The GBP/USD currency pair today rallied to new highs after the release of positive UK industrial production data by the Office for National Statistics early in the European session. The selling tone around the US dollar also contributed to the currency pair’s rally even as the US Dollar Index hit yearly lows earlier today. The GBP/USD pair today hit new monthly highs last witnessed on August 4th as it rallied by over 120 points […]
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September 82017
GBP/USD Rallies to New Monthly Highs on Positive UK Data
The GBP/USD currency pair today rallied to new highs after the release of positive UK industrial production data by the Office for National Statistics early in the European session. The selling tone around the US dollar also contributed to the currency pair’s rally even as the US Dollar Index hit yearly lows earlier today. The GBP/USD pair today hit new monthly highs last witnessed on August 4th as it rallied by over 120 points […]
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September 82017
Aussie Gains on Greenback, Falls vs. Other Rivals
The Australian dollar gained versus its US counterpart, touching the highest level since May 2015, on the back of the US dollar’s weakness. The Aussie gained on the euro as well, but lost its gains versus the Japanese yen. Number of home loans in Australia rose 2.9% in July from June on a seasonally adjusted basis, far exceeding the forecast increase 1.0%. The trade balance surplus reported by China, Australia’s biggest trading partner, narrowed […]
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September 82017
Aussie Gains on Greenback, Falls vs. Other Rivals
The Australian dollar gained versus its US counterpart, touching the highest level since May 2015, on the back of the US dollar’s weakness. The Aussie gained on the euro as well, but lost its gains versus the Japanese yen. Number of home loans in Australia rose 2.9% in July from June on a seasonally adjusted basis, far exceeding the forecast increase 1.0%. The trade balance surplus reported by China, Australia’s biggest trading partner, narrowed […]
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September 82017
Yen Gains Despite Disappointing Growth of Japan’s Economy
The Japanese yen gained on its major rivals (though not on the Great Britain pound) today despite mixed domestic economic indicators. The likely reason for the currency’s good performance was the market sentiment that favored safer currencies. Growth of Japan’s gross domestic product in the second quarter of this year was finalized at 0.6%. It was slower than the median forecast of 0.7% and the preliminary estimate of 1.0% but faster than the 0.3% […]
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September 82017
Yen Gains Despite Disappointing Growth of Japan’s Economy
The Japanese yen gained on its major rivals (though not on the Great Britain pound) today despite mixed domestic economic indicators. The likely reason for the currency’s good performance was the market sentiment that favored safer currencies. Growth of Japan’s gross domestic product in the second quarter of this year was finalized at 0.6%. It was slower than the median forecast of 0.7% and the preliminary estimate of 1.0% but faster than the 0.3% […]
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