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Day: January 4, 2019
January 42019
US Dollar Loses Against Rivals Despite Stellar Jobs Report
The US dollar is losing against some of its major currency rivals at the end of the trading week, despite the US government reporting better-than-expected jobs numbers for December. The greenback is looking to maintain the momentum it had in 2018 when it recorded its best annual performance since 2015. According to the Bureau of Labor Statistics (BLS), the US economy added 312,000 new jobs last month, beating median estimates of 182,000. […]
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January 42019
Canadian Dollar Rallies on Upbeat NFP and Canadian Jobs Data
The Canadian dollar today rallied against its US counterpart after the release of jobs reports from both countries, which beat expectations. The USD/CAD currency pair spiked briefly after the release of the US non-farm payrolls, but headed lower shortly thereafter as the loonie recovered. The USD/CAD currency pair today dropped from an Asian session high of 1.3492 before dropping to a low of 1.3419 in the early American session. The currency pair was […]
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January 42019
Euro Drops on Weak PMI and CPI Data, Trades Sideways Before NFP
The euro today largely traded sideways against the US dollar following yesterday’s significant recovery from lows last witnessed in mid-December. However, despite the recovery, analysts are still predicting that the euro is likely to be in a bearish trend for most of January. The EUR/USD currency pair today traded in a range between a high of 1.1419 and a low of 1.1382 as markets waited for direction. The currency pair today headed lower following a deluge of mostly […]
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January 42019
EUR/USD Experienced Great Volatility on Upbeat US Data
The US dollar has shown two spikes against the euro today — one up and one down — as markets reacted to the positive fundamentals released in the United States. EUR/USD is currently bound to end the day near its starting point. Nonfarm payrolls added 312k in December. This followed a growth by 176k in November (revised up from 155k) and was a much bigger gain than the median forecast of 179k. Average hourly earnings […]
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