Day: February 15, 2019

February 15
2019

Pound Rallies on Upbeat UK Retail Sales as May Loses Indicative Vote

The British pound today rallied higher against the US dollar from the early European session following the release of upbeat UK retail sales data for January. The GBP/USD currency pair was trading in a see-saw fashion during the Asian session as investors remained indecisive regarding the Sterling. The GBP/USD currency pair today rallied from a low of 1.2784 to a high of 1.2831, but was slightly below this high at the time of writing. The currency pair […]

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February 15
2019

NZ Dollar Defies Negative Fundamentals, Bouncing After Decline

The New Zealand dollar rallied today after falling earlier. Surprisingly, the rally started after the release of disappointing macroeconomic reports in China — New Zealand’s biggest trading partner. Domestic macroeconomic data, which was not that great as well, had smaller impact on the currency. Yet it was also puzzling, driving the kiwi slightly higher, not lower. The National Bureau of Statistics of China reported that the Consumer Price Index […]

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February 15
2019

Yen Reverses Gains Caused by Risk Aversion, Japan’s Macroeconomic Data Matches Expectations

The Japanese yen rose earlier today amid risk aversion caused by apparent lack of progress in the Sino-US trade talks. By now, though, the currency trimmed its gains, erasing them against some peers completely. Japan’s macroeconomic data released during the trading session was in line with expectations. Japan’s Ministry of Economy, Trade and Industry reported that industrial production fell 0.1% in December from the previous month according to the final […]

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February 15
2019

EUR/USD Bounces After Mixed US Data

EUR/USD was heading lower at the beginning of the Friday’s trading session but has bounced later and is now trading near the opening level. Data in the United States was mixed, but it looks like traders paid more attention to bad parts as the currency were moving higher after almost each release. Empire State Manufacturing Index climbed from 3.9 in January to 8.8 in February, exceeding the median forecast of 7.1. […]

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