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Day: August 3, 2018
August 32018
EUR/USD Volatile After NFP, Stabilizes Above Opening Level
US nonfarm payrolls released today were mixed, with disappointing employment growth but solid wage inflation and falling unemployment rate. EUR/USD jumped immediately after the release, but slumped afterwards before stabilizing above the opening level. Other macroeconomic reports released in the United States today were not good either, showing a widening trade balance deficit and slowing growth of the services sector. Nonfarm payrolls rose by 159k […]
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August 32018
EUR/USD Volatile After NFP, Stabilizes Above Opening Level
US nonfarm payrolls released today were mixed, with disappointing employment growth but solid wage inflation and falling unemployment rate. EUR/USD jumped immediately after the release, but slumped afterwards before stabilizing above the opening level. Other macroeconomic reports released in the United States today were not good either, showing a widening trade balance deficit and slowing growth of the services sector. Nonfarm payrolls rose by 159k […]
Read more
August 32018
Euro Stumbles As Business Growth, Retail Sales Stall
The euro weakened to a five-week low against the US dollar at the end of the trading week on the latest eurozone economic data that is indicating lackluster growth. Despite a rallying DAX and FTSE, the currency could not record any gains, adding to its string of losses over the last month. According to Eurostat, the official European statistics office, retail sales in the eurozone rose 0.3% in June for a 1.2% annual boost. This is lower than […]
Read more
August 32018
Euro Stumbles As Business Growth, Retail Sales Stall
The euro weakened to a five-week low against the US dollar at the end of the trading week on the latest eurozone economic data that is indicating lackluster growth. Despite a rallying DAX and FTSE, the currency could not record any gains, adding to its string of losses over the last month. According to Eurostat, the official European statistics office, retail sales in the eurozone rose 0.3% in June for a 1.2% annual boost. This is lower than […]
Read more
August 32018
Australian Dollar Logs Small Gains During Friday’s Trading
The Australian dollar traded higher against most of its major peers today, though gains were marginal. Friday’s macroeconomic data was mixed, failing to provide the currency any meaningful boost. The Australian Bureau of Statistics reported that retail sales rose 0.4% in June from May, demonstrating the same rate of growth as in the previous month. Specialists had expected the growth to slow a bit to 0.3%. The Australian Industry Group Australian Performance […]
Read more
August 32018
Australian Dollar Logs Small Gains During Friday’s Trading
The Australian dollar traded higher against most of its major peers today, though gains were marginal. Friday’s macroeconomic data was mixed, failing to provide the currency any meaningful boost. The Australian Bureau of Statistics reported that retail sales rose 0.4% in June from May, demonstrating the same rate of growth as in the previous month. Specialists had expected the growth to slow a bit to 0.3%. The Australian Industry Group Australian Performance […]
Read more