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Day: September 20, 2017
September 202017
EUR/USD Trades Sideways as Markets Await FOMC Rate Decision
The EUR/USD currency pair was today trading sideways as the markets await the Fed interest rate decision scheduled for later today. The currency pair’s slight upward momentum was largely due to previous releases, which highlighted a positive outlook for most EU economies. The currency pair was trading within a 32 point range with the support being established around 1.1990 and resistance being capped at 1.2022. The positive sentiment around the euro […]
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September 202017
EUR/USD Trades Sideways as Markets Await FOMC Rate Decision
The EUR/USD currency pair was today trading sideways as the markets await the Fed interest rate decision scheduled for later today. The currency pair’s slight upward momentum was largely due to previous releases, which highlighted a positive outlook for most EU economies. The currency pair was trading within a 32 point range with the support being established around 1.1990 and resistance being capped at 1.2022. The positive sentiment around the euro […]
Read more
September 202017
NZ Dollar Rises to Highest in More Than a Month
The New Zealand dollar rose today, reaching the highest level since August 7 and gaining for the fourth consecutive day on the Japanese yen. The currency got support from opinion polls regarding the upcoming general election in New Zealand and the current account report. The election will take place on September 23. According to the poll released by One News-Colmar Brunton, support for the ruling National Party increased by 6 points to 46%, while support for the opposition […]
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September 202017
NZ Dollar Rises to Highest in More Than a Month
The New Zealand dollar rose today, reaching the highest level since August 7 and gaining for the fourth consecutive day on the Japanese yen. The currency got support from opinion polls regarding the upcoming general election in New Zealand and the current account report. The election will take place on September 23. According to the poll released by One News-Colmar Brunton, support for the ruling National Party increased by 6 points to 46%, while support for the opposition […]
Read more
September 202017
Pound Struggles to Keep Gains Caused by Retail Sales Data
The Great Britain pound climbed today after retail sales rose last month much more than was anticipated. The currency trimmed its gains by now, losing them against the Japanese yen completely. The Office for National Statistics reported that retail sales grew 1.0% in August from the preceding month compared to the medium forecast of 0.2%. On top of that, the July increase was revised from 0.3% up to 0.6%. The positive […]
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September 202017
Pound Struggles to Keep Gains Caused by Retail Sales Data
The Great Britain pound climbed today after retail sales rose last month much more than was anticipated. The currency trimmed its gains by now, losing them against the Japanese yen completely. The Office for National Statistics reported that retail sales grew 1.0% in August from the preceding month compared to the medium forecast of 0.2%. On top of that, the July increase was revised from 0.3% up to 0.6%. The positive […]
Read more