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Day: July 16, 2018
July 162018
Canadian Dollar Climbs Higher As Investors Focus on Data
The Canadian dollar posted mild gains against its American counterpart on Monday as the loonie climbed above 76 cents for the first time in a week. While the loonie will try to find direction from the US dollar, investors will also concentrate on several key economic events this week. The CAD/USD currency pair rose 0.16% from an opening of 0.7599 to 0.7611 at 20:30 GMT. The USD/CAD currency pair tumbled 0.11% from an opening […]
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July 162018
Canadian Dollar Climbs Higher As Investors Focus on Data
The Canadian dollar posted mild gains against its American counterpart on Monday as the loonie climbed above 76 cents for the first time in a week. While the loonie will try to find direction from the US dollar, investors will also concentrate on several key economic events this week. The CAD/USD currency pair rose 0.16% from an opening of 0.7599 to 0.7611 at 20:30 GMT. The USD/CAD currency pair tumbled 0.11% from an opening […]
Read more
July 162018
EUR/USD Gets Temporary Correction from Positive US Data
The euro was in a positive trend against its US counterpart during the most part of the trading session today. Later, the uptrend encountered a minor correction fueled with the better-than-expected macroeconomic indicators released by the US agencies. However, the correction failed to reverse the prevailing trend so far. Retail sales rose 0.5% in June 2018 in the United States. The growth exceeded the median forecast of 0.4%, but what is more important, the May’s growth […]
Read more
July 162018
Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales
The euro today rallied higher amid calm global financial markets, which encouraged a risk-on mood among investors boosting the single currency. However, the euro gave up some of its gains against the US dollar following the release of mixed US retail sales data in the early American session. The EUR/USD currency pair today rallied from an opening low of 1.1675 to a high of 1.1725 in the American session, but later gave up […]
Read more
July 162018
Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales
The euro today rallied higher amid calm global financial markets, which encouraged a risk-on mood among investors boosting the single currency. However, the euro gave up some of its gains against the US dollar following the release of mixed US retail sales data in the early American session. The EUR/USD currency pair today rallied from an opening low of 1.1675 to a high of 1.1725 in the American session, but later gave up […]
Read more
July 162018
EUR/USD Gets Temporary Correction from Positive US Data
The euro was in a positive trend against its US counterpart during the most part of the trading session today. Later, the uptrend encountered a minor correction fueled with the better-than-expected macroeconomic indicators released by the US agencies. However, the correction failed to reverse the prevailing trend so far. Retail sales rose 0.5% in June 2018 in the United States. The growth exceeded the median forecast of 0.4%, but what is more important, the May’s growth […]
Read more