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Day: October 24, 2017
October 242017
EUR/USD Stable After Economic Releases
Markit released Purchasing Mangers’ Indices for both the eurozone and the United States today, and almost all of them were better than expectations. Market participants anticipate that the European Central Bank will reduce its asset purchase program this week, but that did not boost EUR/USD so far. Flash readings for Markit US manufacturing PMI and Markit US services PMI in October were released today. The manufacturing […]
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October 242017
British Pound Declines Against US Dollar as Brexit Worries Persist
The British pound was today on a downtrend against the US dollar even as Brexit worries remained the main driver behind the currency’s movement. The pound weakened against the US dollar on the back of comments made by Donald Tusk who said that the UK government could reverse Brexit if they so wanted. The GBP/USD currency pair today declined by over 100 points from its daily high hit during the Asian session. […]
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October 242017
British Pound Declines Against US Dollar as Brexit Worries Persist
The British pound was today on a downtrend against the US dollar even as Brexit worries remained the main driver behind the currency’s movement. The pound weakened against the US dollar on the back of comments made by Donald Tusk who said that the UK government could reverse Brexit if they so wanted. The GBP/USD currency pair today declined by over 100 points from its daily high hit during the Asian session. […]
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October 242017
Euro Moves Higher Against US Dollar as German Manufacturing Strengthens
The euro moved marginally higher against the US dollar on Tuesday as investors digested the latest reports on manufacturing activity within the eurozone. Positive readings for a number of manufacturing purchasing managersâ indexes reflected improving conditions for the sector in Germany, France, and the European Union. IHS Markit, a research institute that releases monthly reports on economic activity within major economies, said today that the eurozone manufacturing purchasing managersâ index rose to 58.6 in October. […]
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October 242017
Euro Moves Higher Against US Dollar as German Manufacturing Strengthens
The euro moved marginally higher against the US dollar on Tuesday as investors digested the latest reports on manufacturing activity within the eurozone. Positive readings for a number of manufacturing purchasing managersâ indexes reflected improving conditions for the sector in Germany, France, and the European Union. IHS Markit, a research institute that releases monthly reports on economic activity within major economies, said today that the eurozone manufacturing purchasing managersâ index rose to 58.6 in October. […]
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October 242017
NZ Dollar Falls After Rally as New Government Outlines Policies
The New Zealand dollar was rather volatile during today’s otherwise calm trading. The currency rallied at first, but pulled back later after the new coalition government outlined their policies and plans. The newly formed government announced its policies, including increasing the minimal wage. That boosted the kiwi initially as investors hoped that increasing wage inflation may prompt the Reserve Bank of New Zealand to raise interest rates. […]
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October 242017
NZ Dollar Falls After Rally as New Government Outlines Policies
The New Zealand dollar was rather volatile during today’s otherwise calm trading. The currency rallied at first, but pulled back later after the new coalition government outlined their policies and plans. The newly formed government announced its policies, including increasing the minimal wage. That boosted the kiwi initially as investors hoped that increasing wage inflation may prompt the Reserve Bank of New Zealand to raise interest rates. […]
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October 242017
Japanese Yen Weakens on Lower Manufacturing PMI, Politics
The Japanese yen weakened today following the report that showed slowdown of Japan’s manufacturing sector, though analysts argued that markets had little interest in economic data from Japan, continuing to pay more attention to Japan’s politics. The Nikkei Flash Japan Manufacturing Purchasing Managersâ Index dropped from 52.9 in September to 52.5 in October instead of rising to 53.1 as analysts had predicted. Still, a reading above 50.0 indicates expansion […]
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October 242017
Japanese Yen Weakens on Lower Manufacturing PMI, Politics
The Japanese yen weakened today following the report that showed slowdown of Japan’s manufacturing sector, though analysts argued that markets had little interest in economic data from Japan, continuing to pay more attention to Japan’s politics. The Nikkei Flash Japan Manufacturing Purchasing Managersâ Index dropped from 52.9 in September to 52.5 in October instead of rising to 53.1 as analysts had predicted. Still, a reading above 50.0 indicates expansion […]
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