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Day: March 7, 2018
March 72018
EUR/USD Trading Ignores US Macros
The euro fell against the US dollar somewhat during today’s trading session. Still, the currency pair seemed to be unmoved by the fundamental indicators that have been released in the USA today. Although they were mixed, some of them deviated from the forecast values quite significantly. ADP employment rose by 235k jobs in February following 244k increase in January and well above the median forecast of 200k. (Event A on the chart.) Nonfarm productivity […]
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March 72018
USD/CAD Rallies on BoC Rate Decision amid Trade Tensions
The Canadian dollar today weakened against its US counterpart after the Bank of Canada left interest rates intact, which drove the USD/CAD currency pair to new highs. The Canadian dollar was also under intense selling pressure due to fears that a trade war with the USA would hurt the country’s economy as the US is a major export market. The USD/CAD currency pair rallied by over 100 points from a low […]
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