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Day: January 28, 2019
January 282019
Canadian Dollar Weakens on Oil Crash, Poor Data
The Canadian dollar is kicking off the trading week falling against its major currency rivals. The loonie is getting battered on cratering crude oil prices, as well as poor economic data that suggests the country could be heading for a significant slowdown. Will the dollar continue to slide, or will it pull off an upset and surprise the experts? On Monday, March West Texas Intermediate (WTI) crude futures plummeted $1.68, or 3.13%, […]
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January 282019
Japanese Yen Logs Small Gains During Quiet Trading
The Japanese yen rose a bit during Monday’s quiet trading. With no major events or macroeconomic releases, markets were rather directionless today, though the rest of the week promises to be much more eventful. The Bank of Japan released minutes of its December monetary policy meeting. The notes did not provide many new insights. About the outlook for the economy, the minutes said: As for the outlook for the economy, members concurred that it was […]
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January 282019
Pound Starts Week on Soft Footing
The Great Britain pound was among the weakest currencies on the Forex market at the start of the trading week as traders were consolidating positions ahead of the crucial Brexit vote. After British lawmakers rejected the Brexit deal proposed by UK Prime Minister Theresa May and approved by the European Union, the threat of the no-deal Brexit became very serious. Tomorrow, the government and the parliament will yet again attempt to reach a compromise and avoid the hard Brexit. Meanwhile, the Sun […]
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