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Day: October 15, 2018
October 152018
US Dollar Soft After Retail Sales Miss Expectations
The US dollar opened sharply higher against a range of other most-traded currencies today on the back of risk aversion. Currently, though, the greenback is weak due to retail sales missing expectations and geopolitical tensions. The US Census Bureau reported that retail sales rose just 0.1% in September, while analysts had predicted a much bigger increase by 0.7%. Core retail sales, which exclude volatile auto sales, fell 0.1% […]
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October 152018
Canadian Dollar Rises on Business Optimism, Future Rate Hikes
The Canadian dollar is rallying to kick off the trading week, buoyed by growing optimism among the business community. The loonie was lifted even more on increasing odds that the central bank will raise interest rates at least one more time before the year is over. On Monday, the Bank of Canada (BOC) released its quarterly business survey that showed private sector optimism hovered around record levels in the third […]
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October 152018
Swiss Franc Gains as Safe Currencies Back in Favor
The Swiss franc climbed today, joining the Japanese yen in a rally, as risk aversion returned to markets. That brought safe currencies back in favor of market participants. The Asian stock market crashed today, and European stocks did not perform well too. That was a result of the risk-negative sentiment among investors. There were plenty of reasons for traders to be concerned, including the trade disputes between the United States and China, the clash between […]
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October 152018
Pound Opens Sharply Lower on Negative Brexit News
The Great Britain pound opened sharply lower today on negative Brexit news. Currently, the sterling is trying to crawl back to the Friday’s close. The backstop of the Irish border remained an unresolved issue between the United Kingdom and the European Union. EU chief Brexit negotiator Michel Barnier twitted yesterday: We met today @DominicRaab and UK negotiating team. Despite intense efforts, some key issues are still open, including […]
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October 152018
EUR/USD Opens Sharply Lower, Bounces Afterwards
EUR/USD opened sharply lower due to the prevalent risk aversion on the Forex market but was moving up since the opening. The currency pair attempted to extend its rally after US retail sales missed expectations but failed. The EUR/USD pair has retreated from the daily highs by now, though it is still trading far above the opening level. Retail sales rose 0.1% in September, the same as in August but […]
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