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Day: March 14, 2018
March 142018
EUR/USD Falls After US Data, US Politics Make Future Uncertain
The dollar gained on the euro on Wednesday, but the outlook for the greenback remained uncertain amid political upheaval in the United States. US macroeconomic data released over the trading session was mixed, but traders paid more attention to the good part of it. PPI rose 0.2% in February. That is compared to the predicted increase by 0.1% and the January gain by 0.4%. (Event A on the chart.) Retail sales fell 0.1% in February, the same as the revised January reading […]
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March 142018
GBP/USD Declines as Britain Expels Russian Diplomats
The GBP/USD currency pair declined after news emerged that the UK government had expelled 23 Russian diplomats following the poisoning of a Russian ex-spy. The currency pair traded choppily today as it had spiked higher following the release of the US advance retail sales data, which did not meet expectations. The GBP/USD currency pair lost about 70 points to decline from a high of 1.3996 to a low of 1.3925 at the time of writing. […]
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March 142018
Euro Trades Lower on Mario Draghi’s Dovish Comments
The euro today dropped to new lows against the US dollar following the ECB President Mario Draghi‘s dovish comments during a speech in Frankfurt. Mixed releases from the Eurozone such as Germany’s Consumer Price Index for February could not reverse the euro’s decline. The EUR/USD currency pair lost over 60 points to decline from a high of 1.2412 to a low of 1.2348 at the time of writing. The main trigger behind the currency pair’s decline was […]
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March 142018
Australian Dollar Climbs, Supported by Domestic & Chinese Data
The Australian dollar climbed against its most-traded peers today after the release of macroeconomic data, both domestic and in China. The Westpac Melbourne Institute Index of Consumer Sentiment rose 0.2% in March from February following the 2.3% drop last month. Westpac Senior Economist, Matthew Hassan, commented on the report: Sentiment continues to hold in slightly optimistic territory with March marking the fourth consecutive monthly reading above the 100 level. That […]
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March 142018
Swedish Krona Gains as Inflation Remains Stable
The Swedish krona rose today after the report that showed inflation remained stable in Sweden last month. Statistics Sweden reported that the Consumer Price Index with a fixed interest rate rose 1.7% in February year-on-year, the same as in January, and 0.7% month-over-month. The biggest contributors to the gain were higher prices from clothing, package holidays, transport services, and energy. The Harmonised Index of Consumer Prices was up 1.6% in February year-on-year, […]
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