Day: September 19, 2017

September 19
2017

EUR/USD Resumes Rally Started Yesterday

EUR/USD has started a rally during yesterday’s American trading session, which continued into the early hours of today’s European session. The currency pair retreated a bit afterwards, but it looks like EUR/USD is going to resume the rally. Housing starts were at the seasonally adjusted annual rate of 1.18 million in August, near the predicted level of 1.17 million and the July revised rate of 1.19 million. Building permits climbed to the seasonally […]

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September 19
2017

US Dollar Declines Despite Strong Housing Numbers

The US dollar weakened against a basket of its major peers on Tuesday, as traders anticipated a monetary policy decision from the Federal Reserve that will be released on Wednesday. The greenback failed to harness enough strength from solid gains in the real estate market, as the spotlight remained on possible hints of future interest rates tomorrow. Prices of federal funds futures showed that investors are pricing in a 98.6% chance that the Federal Open […]

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September 19
2017

US Dollar Declines Despite Strong Housing Numbers

The US dollar weakened against a basket of its major peers on Tuesday, as traders anticipated a monetary policy decision from the Federal Reserve that will be released on Wednesday. The greenback failed to harness enough strength from solid gains in the real estate market, as the spotlight remained on possible hints of future interest rates tomorrow. Prices of federal funds futures showed that investors are pricing in a 98.6% chance that the Federal Open […]

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September 19
2017

Drop of Consumer Confidence Doesn’t Affect New Zealand Dollar

The New Zealand rose today, joining its Australian counterpart in a rally, even though the New Zealand consumer confidence dropped this month. The Westpac Consumer Confidence Index slipped from 113.4 in August to 112.4 in September. Yet the report was not particularly pessimistic despite the drop, saying: While consumer confidence has eased a little, households remain in good spirits. That and the general optimistic market sentiment allowed the kiwi to retain […]

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September 19
2017

Drop of Consumer Confidence Doesn’t Affect New Zealand Dollar

The New Zealand rose today, joining its Australian counterpart in a rally, even though the New Zealand consumer confidence dropped this month. The Westpac Consumer Confidence Index slipped from 113.4 in August to 112.4 in September. Yet the report was not particularly pessimistic despite the drop, saying: While consumer confidence has eased a little, households remain in good spirits. That and the general optimistic market sentiment allowed the kiwi to retain […]

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September 19
2017

Drop of Aussie After RBA Minutes Doesn’t Last Long

The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest policy meeting. The fall was very brief, though, and the Aussie has recovered against its major rivals by now. Positive housing data likely helped the currency to some degree. The Australian Bureau of Statistics reported that housing prices rose 1.9% in the June quarter from the previous three months, exceeding market expectations of 1.2%. As for the RBA […]

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September 19
2017

Drop of Aussie After RBA Minutes Doesn’t Last Long

The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest policy meeting. The fall was very brief, though, and the Aussie has recovered against its major rivals by now. Positive housing data likely helped the currency to some degree. The Australian Bureau of Statistics reported that housing prices rose 1.9% in the June quarter from the previous three months, exceeding market expectations of 1.2%. As for the RBA […]

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September 19
2017

EUR/USD Consolidates Gains After Release of ZEW Survey Data

The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations. The EUR/USD currency pair began today’s session with significant upward momentum as it rallied to levels above 1.2000. The release of the German ZEW survey allowed the currency pair to consolidate its gains around the 1.1990 […]

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September 19
2017

EUR/USD Consolidates Gains After Release of ZEW Survey Data

The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations. The EUR/USD currency pair began today’s session with significant upward momentum as it rallied to levels above 1.2000. The release of the German ZEW survey allowed the currency pair to consolidate its gains around the 1.1990 […]

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