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Day: February 21, 2019
February 212019
US Dollar Mixed on Flood of Economic Data
The US dollar is mixed against a basket of major currencies on Thursday. With a flood of economic data, traders are sifting through the numbers and finding a play in the greenback. The US-China trade negotiations are also lingering in the background, something that could soon play a factor in the dollar in the coming weeks because reports suggest a new trade agreement is on the brink of happening. According to the US Census Bureau, durable goods orders â products […]
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February 212019
Euro Trades Sideways on Mixed Eurozone PMIs and ECB Minutes
The euro today traded with significant moves in both directions within a wide range as the single currency was buffeted by shifting investor sentiment throughout the session. Investors reacted both positively and negatively to various key developments during the day such as the Markit Germany Services PMI causing the EUR/USD pair to whipsaw within a wide range. The EUR/USD currency pair today traded in a wide range defined by a low of 1.1319 and a high of 1.1367 and was […]
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February 212019
Japanese Yen Retreats After Rallying Earlier, Undisturbed by Poor Data
The Japanese yen was among the strongest currencies on the Forex market today, though the currency has retreated by now. Poor domestic macroeconomic data had a limited impact on the currency. The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index dropped from 50.3 in January to 48.9 in February. It was the lowest level in 32 months. Indices for all industry activity fell 0.4% in December from the previous month, whereas analysts had predicted […]
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February 212019
Australian Dollar Gains on Employment, Retreats on Bad News
The Australian dollar rallied earlier during the Thursday’s trading session on the back of robust domestic employment growth but retreated later due to a range of negative fundamentals. The Aussie rallied after the Australian Bureau of Statistics reported that employers added 39,100 jobs in January compared to the previous month on a seasonally adjusted basis, much more than analysts had predicted — 15,200. The unemployment rate remained at 5.0%, as was expected. The currency pulled back, […]
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February 212019
EUR/USD Volatile After Torrent of Economic Releases
EUR/USD demonstrated significant volatility today after a big number of economic reports were released both in the United States and the eurozone. The dollar and the euro were mixed as traders were trying to digest the data. Currently, the EUR/USD pair trades slightly below the opening level after attempting to rally earlier. US durable goods orders rose 1.2% in December, missing the analysts’ average forecast of a 1.6% increase. The orders were up 0.7% in November. […]
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