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Day: October 4, 2017
October 42017
EUR/USD Shows Muted Reaction to US Data
EUR/USD was moving up and down during the current session, paying seemingly little heed to economic data, even though there were plenty of important reports released in the United States today. Both euro and the dollar had their own negative factors weighing on them. In Europe, the political crisis in Spain after the Catalan independence referendum was hurting the shared European currency, while the greenback suffered from uncertainty over the change […]
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October 42017
Euro Declines Against US Dollar on Positive US Data
The euro today declined significantly against the US dollar after a raft of positive releases from the US docket starting with the ADP employment change data in the mid-European session. The EUR/USD currency pair had registered some gains early in the European session after the release of positive Markit Eurozone Services PMI data. The EUR/USD currency pair declined significantly from a high of 1.1788 to hit daily lows at 1.1746, which seems to be […]
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October 42017
Euro Declines Against US Dollar on Positive US Data
The euro today declined significantly against the US dollar after a raft of positive releases from the US docket starting with the ADP employment change data in the mid-European session. The EUR/USD currency pair had registered some gains early in the European session after the release of positive Markit Eurozone Services PMI data. The EUR/USD currency pair declined significantly from a high of 1.1788 to hit daily lows at 1.1746, which seems to be […]
Read more
October 42017
British Pound Rallies Against US Dollar on Strong PMI Data
The British pound today rallied higher against the US dollar after the release of positive Markit/CIPS UK Services PMI data. The stalled recovery in the US dollar also contributed to the pound’s rally against it due to declining US treasury yields. The GBP/USD currency pair rallied to a high of 1.3286 approaching the key resistance level of 1.3300 from daily lows of 1.3240. The release of the Markit/CIPS UK Services PMI for September triggered the currency pair’s […]
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October 42017
British Pound Rallies Against US Dollar on Strong PMI Data
The British pound today rallied higher against the US dollar after the release of positive Markit/CIPS UK Services PMI data. The stalled recovery in the US dollar also contributed to the pound’s rally against it due to declining US treasury yields. The GBP/USD currency pair rallied to a high of 1.3286 approaching the key resistance level of 1.3300 from daily lows of 1.3240. The release of the Markit/CIPS UK Services PMI for September triggered the currency pair’s […]
Read more