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Day: March 15, 2019
March 152019
Euro Drops on Mixed Euro Area Data, Rallies on Weak US Data
The euro today headed lower in the early European session following the release of mixed data from across the euro area before rallying higher later. The EUR/USD currency pair recovered in the early American session following the release of disappointing American industrial data. The EUR/USD currency pair today rallied from an intra-day low of 1.1299 to a high of 1.1344 in the American session, before retracing some of its gains. The currency pair headed higher in the Asian […]
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March 152019
Chinese Yuan Rises Despite Weak Industrial Output
The Chinese yuan is making gains against its currency counterparts at the end of the trading week. Despite disappointing industrial output figures and reports of long delays for companies to get paid for their goods and services, the yuan will record a weekly gain against the US dollar and the euro. According to the National Bureau of Statistics of China, value-added industrial output climbed 5.3 % in the January to February period, compared to the same time a year ago. This […]
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March 152019
EUR/USD Rises, Then Falls amid Directionless Trading
EUR/USD was rising today but has trimmed its gains by now. Trading was rather directionless on Friday as there was no major market-moving news. As for US data, it was mixed. NY Empire State Index dropped from 8.8 to 3.7 in March instead of rising to 10.1 as analysts had predicted. (Event A on the chart.) Industrial production rose just 0.1% in February, whereas experts had predicted an increase by 0.4%. […]
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