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Day: November 9, 2017
November 92017
EUR/USD Rises on US Data, Political Concerns
EUR/USD edged up today after US jobless claims rose more than was expected. The greenback moved lower versus the euro also because traders were concerned that US tax cut bill from the Senate due to release today will be different from the one proposed by the House of Representatives. Initial jobless claims climbed from 229k to 239k last week, exceeding the median forecast of 232k. (Event […]
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November 92017
Swiss Franc Supported by Low Unemployment
The Swiss franc was flat against some currencies and rose versus others today as a report showed that unemployment in Switzerland remained extremely low. The State Secretariat for Economic Affairs reported that the unemployment rate was at 3.0% in October (3.1% if adjusted for seasonal variations), unchanged from September and in line with market expectations. It was the lowest level since October 2014. Meanwhile, Thomas Jordan, Chairman of the Governing Board […]
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November 92017
Swiss Franc Supported by Low Unemployment
The Swiss franc was flat against some currencies and rose versus others today as a report showed that unemployment in Switzerland remained extremely low. The State Secretariat for Economic Affairs reported that the unemployment rate was at 3.0% in October (3.1% if adjusted for seasonal variations), unchanged from September and in line with market expectations. It was the lowest level since October 2014. Meanwhile, Thomas Jordan, Chairman of the Governing Board […]
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November 92017
USD/CAD Recovers Lost Ground on Canadian Housing Price Index
The USD/CAD currency pair today recovered initially lost ground after the release of Canada’s housing price index data in the early American session. The pair had lost significant ground earlier in today’s session due to yield spread differentials that were much stronger than the impact of global oil prices on the loonie. The USD/CAD currency pair recovered over 40 points from its daily lows hit earlier in today’s session […]
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November 92017
USD/CAD Recovers Lost Ground on Canadian Housing Price Index
The USD/CAD currency pair today recovered initially lost ground after the release of Canada’s housing price index data in the early American session. The pair had lost significant ground earlier in today’s session due to yield spread differentials that were much stronger than the impact of global oil prices on the loonie. The USD/CAD currency pair recovered over 40 points from its daily lows hit earlier in today’s session […]
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November 92017
British Pound Gives up Early Gains as Political Troubles Linger
The British pound gave up some of its early gains against the US dollar and the euro on Thursday as investors remained concerned about the political stability of the British cabinet. Economic data in the United Kingdom added to the pressure on the British currency as home prices rose less than what analysts had previously expected. A number of recent scandals delivered a powerful blow to Prime Minister Theresa Mayâs cabinet over the past week. A sudden resignation […]
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November 92017
British Pound Gives up Early Gains as Political Troubles Linger
The British pound gave up some of its early gains against the US dollar and the euro on Thursday as investors remained concerned about the political stability of the British cabinet. Economic data in the United Kingdom added to the pressure on the British currency as home prices rose less than what analysts had previously expected. A number of recent scandals delivered a powerful blow to Prime Minister Theresa Mayâs cabinet over the past week. A sudden resignation […]
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November 92017
Euro Gains Against US Dollar on ECB Economic Bulletin
The euro today gained significantly against the US dollar after the European Central Bank released its economic bulletin. The US dollar was largely weaker against the euro on the back of increased skepticism surrounding the Republican tax reform bill, details of which are to be released later today. The EUR/USD currency pair had gained about 40 points from daily lows hit earlier today and was on an uptrend at the time of writing. […]
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November 92017
Euro Gains Against US Dollar on ECB Economic Bulletin
The euro today gained significantly against the US dollar after the European Central Bank released its economic bulletin. The US dollar was largely weaker against the euro on the back of increased skepticism surrounding the Republican tax reform bill, details of which are to be released later today. The EUR/USD currency pair had gained about 40 points from daily lows hit earlier today and was on an uptrend at the time of writing. […]
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November 92017
Aussie Flat-to-Lower After Australian & Chinese Reports
The Australian dollar traded flat-to-lower today, the same as its New Zealand counterpart, even though macroeconomic reports from China, Australia’s biggest trading partner, were good. Domestic economic data was not so good, though. The National Bureau of Statistics of China reported that the Consumer Price Index rose 1.9% in October from a year ago. It was a bigger increase than 1.6% registered in the prior month and 1.8% […]
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