Day: October 12, 2017

October 12
2017

GBP/USD Posts Massive Losses on Brexit Headlines

The GBP/USD currency pair today posted massive losses on renewed Brexit worries after comments from the EU’s chief negotiator, Michel Barnier. The possibility of a hard Brexit was further confirmed by comments from the UK’s Brexit minister, David Davis. The GBP/USD currency pair lost over 140 points at the height of its decline in the hours following the joint press conference. The pound’s massive decline against the US dollar was occasioned by comments […]

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October 12
2017

Japanese Yen Gets Boost from Economic Data

The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world. Bank lending increased by 3.0% in September from a year ago, exceeding analysts’ expectations. The Producer Price Index rose by 3.0% in September from the previous year and 0.2% from the previous month. Seasonally adjusted indices of tertiary industry activity provided the only negative reading today, showing a drop by 0.2% […]

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October 12
2017

Japanese Yen Gets Boost from Economic Data

The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world. Bank lending increased by 3.0% in September from a year ago, exceeding analysts’ expectations. The Producer Price Index rose by 3.0% in September from the previous year and 0.2% from the previous month. Seasonally adjusted indices of tertiary industry activity provided the only negative reading today, showing a drop by 0.2% […]

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October 12
2017

Australian Dollar Extends Rally Caused by FOMC Minutes

The Australian dollar started a rally yesterday after the release of the Federal Reserve policy minutes and extended it into the Thursday’s trading session, though the currency has backed off a bit as of as now. Positive Australian macroeconomic reports helped the Aussie as well. The Melbourne Institute Survey of Consumer Inflationary Expectations rose from 3.8% in September to 4.3% in October. The number of home loans increased by 1.0% in August from July, two time the forecast increase […]

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October 12
2017

Australian Dollar Extends Rally Caused by FOMC Minutes

The Australian dollar started a rally yesterday after the release of the Federal Reserve policy minutes and extended it into the Thursday’s trading session, though the currency has backed off a bit as of as now. Positive Australian macroeconomic reports helped the Aussie as well. The Melbourne Institute Survey of Consumer Inflationary Expectations rose from 3.8% in September to 4.3% in October. The number of home loans increased by 1.0% in August from July, two time the forecast increase […]

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