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Day: July 19, 2018
July 192018
EUR/USD Soars Despite Positive US Data
EUR/USD was on the rise today during the New York trading session despite the fact that the US macroeconomic indicators came out pretty good this time. Philadelphia Fed manufacturing index rose from 19.9 to 25.7 in July, coming out better than 21.6 expected by market participants. (Event A on the chart.) Initial jobless claims declined to 207k in the week ending July 14. It was a positive surprise for USD bulls […]
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July 192018
Switzerland âCan Live Withâ Franc Being Overvalued Against the Euro
The Swiss franc is overvalued compared to the euro, but the nation and its businesses âcan live withâ the current exchange rate, says Ueli Maurer, Switzerlandâs Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 months, is dipping on Thursday after his remarks. Speaking in an interview with Reuters earlier this week, Maurer said that his government would […]
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July 192018
Switzerland âCan Live Withâ Franc Being Overvalued Against the Euro
The Swiss franc is overvalued compared to the euro, but the nation and its businesses âcan live withâ the current exchange rate, says Ueli Maurer, Switzerlandâs Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 months, is dipping on Thursday after his remarks. Speaking in an interview with Reuters earlier this week, Maurer said that his government would […]
Read more
July 192018
EUR/USD Soars Despite Positive US Data
EUR/USD was on the rise today during the New York trading session despite the fact that the US macroeconomic indicators came out pretty good this time. Philadelphia Fed manufacturing index rose from 19.9 to 25.7 in July, coming out better than 21.6 expected by market participants. (Event A on the chart.) Initial jobless claims declined to 207k in the week ending July 14. It was a positive surprise for USD bulls […]
Read more
July 192018
British Pound Hits 10-Month Lows on Disappointing UK Retail Sales
The British pound today dropped to new 10-month lows following the release of disappointing UK retail sales data for June. The GBP/USD currency pair extended its losing streak for the third consecutive day even as investors ditched the pound on Brexit jitters amid recent weak economic releases. The GBP/USD currency pair today dropped from an initial high of 1.3082 to a low of 1.2974 and was on a downtrend at the time of writing. The UK retail sales data […]
Read more
July 192018
British Pound Hits 10-Month Lows on Disappointing UK Retail Sales
The British pound today dropped to new 10-month lows following the release of disappointing UK retail sales data for June. The GBP/USD currency pair extended its losing streak for the third consecutive day even as investors ditched the pound on Brexit jitters amid recent weak economic releases. The GBP/USD currency pair today dropped from an initial high of 1.3082 to a low of 1.2974 and was on a downtrend at the time of writing. The UK retail sales data […]
Read more