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Day: September 13, 2017
September 132017
Mixed Employment Data Leaves Sterling Without Direction
The Great Britain pound demonstrated mixed performance today, rising against some majors, while falling versus others. That could be explained by the Wednesday’s release of employment data, which had both good and bad parts. According to the report from the Office for National Statistics, the unemployment rate demonstrated an unexpected drop from 4.4% to 4.3% in the period from May to July, reaching the lowest level since 1975. The number of claims for unemployment […]
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September 132017
Mixed Employment Data Leaves Sterling Without Direction
The Great Britain pound demonstrated mixed performance today, rising against some majors, while falling versus others. That could be explained by the Wednesday’s release of employment data, which had both good and bad parts. According to the report from the Office for National Statistics, the unemployment rate demonstrated an unexpected drop from 4.4% to 4.3% in the period from May to July, reaching the lowest level since 1975. The number of claims for unemployment […]
Read more
September 132017
EUR/USD Falls Even as US PPI Misses Forecasts Slightly
EUR/USD fell today even as US producer price inflation missed expectations. The miss was not big, though, and the markets’ attention was glued to tomorrow’s consumer price data anyway. Meanwhile, crude oil stockpiles continued to swell, while gasoline stockpiles were falling, as plenty of refineries were closed as a result of Hurricane Harvey. PPI rose 0.2% in August, seasonally adjusted. That was a better reading that the drop by 0.1% […]
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September 132017
Euro Weakens Against US Dollar After Release of US Data and Tax Plan
The euro today was largely weaker against the US dollar and the release of positive US MBA Mortgage applications data mid-European session drove the pair lower. Releases from the European docket including the Eurozone industrial production data and employment data could not boost the single currency. The EUR/USD currency pair lost over 100 points at the height of its decline as the US dollar rallied against the euro. Several releases from the European […]
Read more
September 132017
Euro Weakens Against US Dollar After Release of US Data and Tax Plan
The euro today was largely weaker against the US dollar and the release of positive US MBA Mortgage applications data mid-European session drove the pair lower. Releases from the European docket including the Eurozone industrial production data and employment data could not boost the single currency. The EUR/USD currency pair lost over 100 points at the height of its decline as the US dollar rallied against the euro. Several releases from the European […]
Read more