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Day: October 5, 2017
October 52017
US Dollar Gains as Data Supports Outlook for Fed’s Hike
The US dollar rallied against a basket of major currencies today as positive economic data released in the United States over the trading session reinforced the case for an interest rate hike from the Federal Reserve. Basically all US economic reports released on Thursday were good, meeting or exceeding expectations. The data showed that the US economy was robust, and that was especially notable after the damage done by the Hurricanes Harvey and Irma. It […]
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October 52017
US Dollar Gains as Data Supports Outlook for Fed’s Hike
The US dollar rallied against a basket of major currencies today as positive economic data released in the United States over the trading session reinforced the case for an interest rate hike from the Federal Reserve. Basically all US economic reports released on Thursday were good, meeting or exceeding expectations. The data showed that the US economy was robust, and that was especially notable after the damage done by the Hurricanes Harvey and Irma. It […]
Read more
October 52017
EUR/USD Drops After ECB Minutes, US Economic Data
EUR/USD dropped today as basically all economic reports released in the United States over the trading session were good. The European Central Bank released minutes of its latest policy meeting today, showing that some policy makers argued in favor of maintaining monetary stimulus. (Event A on the chart.) That was also negative to the currency pair. Initial jobless claims fell from 272k to 260k last week, below the average forecast […]
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October 52017
Euro Sinks to New Lows Against US Dollar After ECB Minutes
The euro sunk to new lows against the US dollar today after the European Central Bank published the minutes of its September monetary policy meeting. Several releases from the US docket, such as the positive initial jobless claims data, served to drive the EUR/USD currency pair lower. The EUR/USD currency pair lost about 70 points from its daily high of 1.1781 reached during the early European session to trade at much […]
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October 52017
Euro Sinks to New Lows Against US Dollar After ECB Minutes
The euro sunk to new lows against the US dollar today after the European Central Bank published the minutes of its September monetary policy meeting. Several releases from the US docket, such as the positive initial jobless claims data, served to drive the EUR/USD currency pair lower. The EUR/USD currency pair lost about 70 points from its daily high of 1.1781 reached during the early European session to trade at much […]
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October 52017
Swiss Franc Soft Despite Accelerating Inflation
The Swiss franc was not particularly strong today and actually fell against other safe-haven currencies even though the report released during the trading session showed that inflation accelerated in Switzerland last month. The Federal Statistical Office reported that the consumer price index increased 0.2% in September. That is compared to zero change registered in the preceding month and in line with market expectations. The franc was not profiting from […]
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October 52017
Swiss Franc Soft Despite Accelerating Inflation
The Swiss franc was not particularly strong today and actually fell against other safe-haven currencies even though the report released during the trading session showed that inflation accelerated in Switzerland last month. The Federal Statistical Office reported that the consumer price index increased 0.2% in September. That is compared to zero change registered in the preceding month and in line with market expectations. The franc was not profiting from […]
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October 52017
Australian Dollar Falls Against US Peer on Weak Retail Data
The Australian dollar declined against its US counterpart on Thursday after a fresh report that showed that Australian retail sales fell behind expectations for the second month in a row. The Australian dollar also dropped against other major peers as expectations for higher interest rates decreased following todayâs data. The Australian Bureau of Statistics stated in a release today that retail sales lost 0.6% in August on a seasonally adjusted basis, after […]
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October 52017
Australian Dollar Falls Against US Peer on Weak Retail Data
The Australian dollar declined against its US counterpart on Thursday after a fresh report that showed that Australian retail sales fell behind expectations for the second month in a row. The Australian dollar also dropped against other major peers as expectations for higher interest rates decreased following todayâs data. The Australian Bureau of Statistics stated in a release today that retail sales lost 0.6% in August on a seasonally adjusted basis, after […]
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October 52017
Great Britain Pound Goes Lower After Prime Minister’s Disastrous Speech
The Great Britain pound fell today after yesterday’s disastrous speech of Prime Minister Theresa May led to speculations that she may face rebellion in her Conservative party. The annual Conservative party conference speech, in which May tried to shift focus from the Brexit to domestic issues, turned into nightmare with tons of mishaps: from a prankster, to May’s coughing fits, to the stage set literally falling apart. According to Telegraph, […]
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