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Day: July 23, 2018
July 232018
Canadian Dollar Soft on Uneventful Day
The Canadian dollar was rather soft today, falling against most major currencies. The euro was an exception as the loonie traded flat versus the shared 19-nation currency. One of the possible reasons for the weakness of the Canadian currency was the tendency of Forex traders to stick to safer currencies, not riskier ones. Another reason for the drop was the decline of crude oil prices, which followed the earlier rally caused by US-Iran tensions. This week is […]
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July 232018
Canadian Dollar Soft on Uneventful Day
The Canadian dollar was rather soft today, falling against most major currencies. The euro was an exception as the loonie traded flat versus the shared 19-nation currency. One of the possible reasons for the weakness of the Canadian currency was the tendency of Forex traders to stick to safer currencies, not riskier ones. Another reason for the drop was the decline of crude oil prices, which followed the earlier rally caused by US-Iran tensions. This week is […]
Read more
July 232018
Euro Starts Week on Soft Footing
The euro was rather soft today, falling against most other major currencies. The possible reason for the weak performance was concern about the health of the European economy. The start of the week was light on economic data. The only report in the eurozone was the consumer confidence indicator released by the European Commission, which remained unchanged at -0.6 in July. The indicator for the whole European Union improved, rising from -0.7 to +0.6. The rest of the week should be […]
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July 232018
Euro Starts Week on Soft Footing
The euro was rather soft today, falling against most other major currencies. The possible reason for the weak performance was concern about the health of the European economy. The start of the week was light on economic data. The only report in the eurozone was the consumer confidence indicator released by the European Commission, which remained unchanged at -0.6 in July. The indicator for the whole European Union improved, rising from -0.7 to +0.6. The rest of the week should be […]
Read more
July 232018
Strength of Swiss Franc Signals About Risk Aversion on Forex Market
The Swiss franc was relatively strong today, rising against such currencies as the US dollar and the euro, though not the Great Britain pound and the Japanese yen. The fact that both the yen and the franc were strong today suggested that traders were seeking safety, not higher yields. As for fundamentals specific to the Swissie, there were none, with the Credit Suisse Economic Expectations due for release on Wednesday being the only economic release […]
Read more
July 232018
Strength of Swiss Franc Signals About Risk Aversion on Forex Market
The Swiss franc was relatively strong today, rising against such currencies as the US dollar and the euro, though not the Great Britain pound and the Japanese yen. The fact that both the yen and the franc were strong today suggested that traders were seeking safety, not higher yields. As for fundamentals specific to the Swissie, there were none, with the Credit Suisse Economic Expectations due for release on Wednesday being the only economic release […]
Read more
July 232018
Yen Strongest on Monday, Boosted by JGB Yields & BoJ Speculations
The Japanese yen was the strongest major currency today, rising against all of its most-traded peers. Some market analysts attributed the strength of the currency to the sharp rise of the 10-year Japanese government bond yields. Others explained the yen’s rally by speculations about possible reduction of monetary stimulus by the Bank of Japan. Today’s calendar was empty in terms of economic news from Japan, and traders were waiting for tomorrow’s manufacturing and inflation reports. USD/JPY […]
Read more
July 232018
Yen Strongest on Monday, Boosted by JGB Yields & BoJ Speculations
The Japanese yen was the strongest major currency today, rising against all of its most-traded peers. Some market analysts attributed the strength of the currency to the sharp rise of the 10-year Japanese government bond yields. Others explained the yen’s rally by speculations about possible reduction of monetary stimulus by the Bank of Japan. Today’s calendar was empty in terms of economic news from Japan, and traders were waiting for tomorrow’s manufacturing and inflation reports. USD/JPY […]
Read more