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Day: January 3, 2019
January 32019
Canadian Dollar Surges to Two-Week High on High Energy Prices
The Canadian dollar surged to its best level in two weeks, just days after lodging its worst annual performance since 2015. The loonie is gaining steam on higher energy prices, but investors are looking to Fridayâs labor report, which could signal how the Bank of Canada (BOC) will move on interest rates later this month. On Thursday, US crude oil prices inched towards the $47 mark, […]
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January 32019
EUR/USD Rises Strengthened by Mixed US Indicators
The euro was rising against the US dollar during the daily session today and accelerated its growth after the US fundamental data disappointed dollar bulls. The currency pair stabilized afterwards. ADP employment report has shown a growth by 271k jobs in December after adding 157k jobs in November (revised down from 179k). The median forecast had been 179k for December. (Event A on the chart.) Initial jobless claims went up […]
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January 32019
Euro Recovers From Yesterdayâs Flash Crash Ahead of US Data
The euro today was on a recovery path following yesterday’s “flash crash” that was triggered by Apple’s profit warning based on the economic slowdown in China. The EUR/USD was also under pressure due to the decline in German bond yields and the placing into administration of an Italian bank by the ECB. The EUR/USD currency pair today rallied from an opening low of 1.1308 to a high of 1.1384 in the European session. The currency pair was one of the least affected by yesterday’s […]
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