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Day: November 3, 2017
November 32017
EUR/USD Unable to Rally on Back of Poor US NFP
EUR/USD attempted to rally after the poor nonfarm payrolls released today but quickly reversed its movement following the short-lived spike to the upside. The currency pair accelerated its move down after the positive US services report. As with the manufacturing data, reports from Markit and ISM contradicted each other to some degree as one showed an increase of the indicator, while the other a decrease (though both showed expansion of the sector). This time, […]
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November 32017
US Dollar Rallies Against Peers on Strong Services PMI Data
The US dollar today rallied against its main peers such as the euro and the British pound after the release of positive Services PMI data. The US dollar recovered from a poor showing after the release of non-farm payrolls data in the early North American session. The US dollar’s performance against a basket of its main peers, as tracked by the US Dollar Index, improved later during the session as the DXY hit a high of 95.01. The greenback opened […]
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November 32017
US Dollar Rallies Against Peers on Strong Services PMI Data
The US dollar today rallied against its main peers such as the euro and the British pound after the release of positive Services PMI data. The US dollar recovered from a poor showing after the release of non-farm payrolls data in the early North American session. The US dollar’s performance against a basket of its main peers, as tracked by the US Dollar Index, improved later during the session as the DXY hit a high of 95.01. The greenback opened […]
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November 32017
USD/CAD Sinks to New Lows on Labor Market Reports
The US dollar today weakened against its Canadian counterpart after the release of upbeat Canadian employment data by Statistics Canada. The release of disappointing US non-farm payrolls report also contributed to the USD/CAD currency pair’s decline. The USD/CAD currency pair today declined by over 120 points from its daily highs after the release of the NFP data. The release of Canada’s labour force survey for October by Statistics Canada early in the American session […]
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November 32017
USD/CAD Sinks to New Lows on Labor Market Reports
The US dollar today weakened against its Canadian counterpart after the release of upbeat Canadian employment data by Statistics Canada. The release of disappointing US non-farm payrolls report also contributed to the USD/CAD currency pair’s decline. The USD/CAD currency pair today declined by over 120 points from its daily highs after the release of the NFP data. The release of Canada’s labour force survey for October by Statistics Canada early in the American session […]
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November 32017
Britain’s Services Sector Shows Strong Growth, Pound Halts Slump
The Great Britain pound was stable today following yesterday’s steep sell-off. The currency got some support from the solid performance of Britain’s services sector. The seasonally adjusted IHS Markit/CIPS Services PMI advanced from 53.6 in September to 55.6 in October. That is instead of a drop to 53.3 predicted by analysts. The favorable report helped the sterling to stop the slump that followed the policy announcement made by the Bank of England yesterday. GBP/USD traded […]
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November 32017
Britain’s Services Sector Shows Strong Growth, Pound Halts Slump
The Great Britain pound was stable today following yesterday’s steep sell-off. The currency got some support from the solid performance of Britain’s services sector. The seasonally adjusted IHS Markit/CIPS Services PMI advanced from 53.6 in September to 55.6 in October. That is instead of a drop to 53.3 predicted by analysts. The favorable report helped the sterling to stop the slump that followed the policy announcement made by the Bank of England yesterday. GBP/USD traded […]
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November 32017
Australian Dollar Driven Down by Domestic Data
The Australian dollar dropped today against its major rivals, driven down by poor Australian reports. Sometimes economic data from China, Australia’s biggest trading partner, is able to mitigate impact from domestic data, but that did not happen today, even though China’s services report was decent. Australian retail sales showed no change in September from August, while analysts had predicted […]
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November 32017
Australian Dollar Driven Down by Domestic Data
The Australian dollar dropped today against its major rivals, driven down by poor Australian reports. Sometimes economic data from China, Australia’s biggest trading partner, is able to mitigate impact from domestic data, but that did not happen today, even though China’s services report was decent. Australian retail sales showed no change in September from August, while analysts had predicted […]
Read more