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Day: March 9, 2018
March 92018
NFP Causes EUR/USD Confusion and Brief Rally
The US dollar had been strengthening against the euro during today’s trading session right until the monthly employment report was released by the US Bureau of Labor Statistics. A set of mixed data caused the turmoil in the currency market and created a notable spike in the EUR/USD chart. Then, the currency pair switched to a rally, though a short-lived one. Nonfarm payrolls added astonishing 313k jobs in February. Not only it was much better […]
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March 92018
USD/CAD Declines on US and Canadian Employment Reports
The USD/CAD currency pair today declined to new lows after the release of mixed employment reports from both the USA and Canada. The currency pair was on a downward trend from earlier in the session after President Donald Trump exempted Canada and Mexico from the new steel and aluminum tariffs. The USD/CAD currency pair lost over 85 points to decline from a high of 1.2908 to a low of 1.2821 at the time of writing. The pair’s decline was triggered […]
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March 92018
GBP/USD Trades Sideways on Weak UK Macro Releases
The GBP/USD currency pair today traded in a tight range following the release of several UK macro reports, most of which did not meet expectations. The currency pair lacked enough momentum to rally higher following yesterday’s massive decline occasioned by higher demand for the US dollar. The GBP/USD currency pair traded in a tight range marked by a high of 1.3831 and a low of 1.3787 at the time of writing. The release of the UK January trade balance report by the Office […]
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