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Day: November 2, 2018
November 22018
Euro Pares Losses Despite ECB Reports, Eurozone Data
The euro is trading higher at the end of the Friday trading session, paring earlier losses that sent the currency lower by as much as 0.3%. The euro took a hit when it was reported the central bank might be considering long-term bank loans, and it is still reeling from the disappointing economic data. According to several reports, the heads of the European Central Bank (ECB) is thinking about another long-term refinancing operation […]
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November 22018
USD/CAD Rallies on Weak Canadian Jobs Data and Upbeat US NFP Report
The USD/CAD currency pair today rallied from fresh weekly lows to new daily highs in the early American session following the release of the latest Canadian jobs data. The pair’s rally was further boosted by the release of the upbeat US non-farm payrolls report, which triggered a massive rally by the greenback against most of its peers. The USD/CAD currency pair today rallied from a low of 1.3044 to a high of 1.3109 following the jobs’ reports from […]
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November 22018
EUR/USD Trades Lower After NFP Surprise Positively
EUR/USD attempted to rally today but reversed its movement intraday and continued to more lower after US nonfarm payrolls came out better than was expected. The currency pair made a weak attempt to rebound afterwards but failed. All of US macroeconomic indicators released today were either within expectations or better. Nonfarm payrolls rose by 250k in October, exceeding the average forecast of 194k. The already disappointing September reading […]
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