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Day: December 22, 2017
December 222017
EUR/USD Drops as Catalan Separatists Win Elections
EUR/USD dropped today despite mixed economic data released in the United States over the trading session. The major reason for the drop was the victory of Catalan separatist parties, which gained majority in the parliament. The news sparked fresh worries for integrity of Spain and the future of the eurozone as a whole. Durable goods orders rose 1.3% in November, failing to meet the average forecast of 2.1%. The previous month’s dropped got a positive revision from 1.2% to 0.8%. (Event […]
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December 222017
GBP/USD Trades Sideways on Last Trading Day Before Christmas
The GBP/USD currency pair today traded mostly in a tight sideways range having rallied slightly in the early European session after the release of UK quarterly GDP data. The pair retraced some of its gains during the mid-European session, but rallied higher after the release of US personal income data for November. The GBP/USD currency pair today traded in a 40-point range capped below the crucial 1.3400 resistance level while establishing a daily […]
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