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Day: November 8, 2017
November 82017
EUR/USD Flat on Wednesday of Quiet Trading Week
EUR/USD was trading sideways during Wednesday’s quiet trading. This week is expected to be extremely light on economic reports. As a result, traders turned their attention to other events, like reports about a possible delay of tax cuts in the United States for a year. US crude oil inventories increased by 2.2 million barrels last week and were in the upper half of the average range for this time of year. That was a surprise […]
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November 82017
Canadian Dollar Surges Against US Dollar as Housing Data Exceeds Estimates
The Canadian dollar surged against the US dollar on Wednesday, as investors felt more optimistic in the wake of the best Canadian housing data in two months. The loonie also rose against the British pound following a fresh scandal within the British government, which hurt tradersâ demand for the British currency. Canadaâs Mortgage and Housing Corporation stated in a report that was released earlier today that the number of housing starts unexpectedly rose in October. The month […]
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November 82017
Canadian Dollar Surges Against US Dollar as Housing Data Exceeds Estimates
The Canadian dollar surged against the US dollar on Wednesday, as investors felt more optimistic in the wake of the best Canadian housing data in two months. The loonie also rose against the British pound following a fresh scandal within the British government, which hurt tradersâ demand for the British currency. Canadaâs Mortgage and Housing Corporation stated in a report that was released earlier today that the number of housing starts unexpectedly rose in October. The month […]
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November 82017
Australian Dollar Rallies, Disregarding China’s Trade Data
The Australian dollar rose against most of its major peers even though data from Australia’s main trading partner, China, was a bit disappointing. China’s trade surplus increased from $28.47 billion in September to $38.2 billion in October. While it was not a bad reading by itself, the actual value was below the median forecast of $39.5 billion. But on an annual basis, the growth of imports was outpacing the growth of exports. […]
Read more
November 82017
Australian Dollar Rallies, Disregarding China’s Trade Data
The Australian dollar rose against most of its major peers even though data from Australia’s main trading partner, China, was a bit disappointing. China’s trade surplus increased from $28.47 billion in September to $38.2 billion in October. While it was not a bad reading by itself, the actual value was below the median forecast of $39.5 billion. But on an annual basis, the growth of imports was outpacing the growth of exports. […]
Read more
November 82017
US Dollar Falls as Concerns Surrounding Republican Tax Reform Grow
The US dollar lost ground against most of its major peers in early trading on Wednesday, as investors grew more concerned that a tax reform plan that Republicans prepared could be delayed. However, the greenback strengthened against the British pound as demand for the British currency fell due to a new scandal within the British government. A report on Tuesday suggested that the highly anticipated US tax reform bill may be delayed […]
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November 82017
US Dollar Falls as Concerns Surrounding Republican Tax Reform Grow
The US dollar lost ground against most of its major peers in early trading on Wednesday, as investors grew more concerned that a tax reform plan that Republicans prepared could be delayed. However, the greenback strengthened against the British pound as demand for the British currency fell due to a new scandal within the British government. A report on Tuesday suggested that the highly anticipated US tax reform bill may be delayed […]
Read more