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Day: April 11, 2019
April 112019
US Dollar Mixed on Lower Jobless Benefits, Fed Uncertainty
The US dollar is trading mixed against some of its major currency rivals on Thursday as an influx of data is weighing on the greenback. With uncertainty surrounding the Federal Reserve, the market is unclear how to trade the buck in the short- to medium-term. But investors are snapping up billions in long-term bonds, signaling a bullish sentiment in the US economy. According to the Bureau of Labor Statistics, the number of Americans filing for jobless benefits to 196,000 in the week ending […]
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April 112019
Euro Falls Against US Dollar on Low US Jobless Claims and Strong PPI
The euro today fell against the US dollar breaking out of a consolidative range that was in place from the start of today’s session driven by shifting investor sentiment. The EUR/USD currency pair headed lower in the mid-European session as markets reacted to a US dollar rebound as tracked by the US Dollar Index. The EUR/USD currency pair today fell from a session high of 1.1287 to a low of 1.1254 before retracing some of its losses at the time of writing. […]
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April 112019
EUR/USD Declines, US Data Weighs
EUR/USD declined today. While the currency pair had started falling before US macroeconomic releases, the positive US economic data added to the downward momentum of the pair. PPI rose 0.6% in March, seasonally adjusted, accelerating from the February’s 0.1% rate of growth and beating the average forecast of a 0.3% increase. (Event A on the chart.) Seasonally adjusted initial jobless claims dropped to 196k last week from the previous week’s revised level of 204k. […]
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April 112019
Aussie Drops Despite Positive Inflation Data in China
The Australian dollar was soft today despite positive macroeconomic data in China, Australia’s biggest trading partner. Domestic data was not particularly good, but was not that bad either, certainly not enough to hurt the currency significantly. Today’s drop was not nearly enough to erase yesterday’s big rally, though, and the Aussie remains one of the strongest currencies for the week. China’s consumer price inflation accelerated to 2.3% […]
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April 112019
Pound Rallies on Domestic Data, Brexit Optimism
The Great Britain pound preserved at the beginning of the Thursday’s trading session gains it has achieved on Wednesday. The currency’s good performance was a result of largely positive domestic macroeconomic data and the hopeful outlook for the Brexit. The UK Office for National Statistics reported that gross domestic product rose 0.2% in February from the previous month. While it was a slower rate of growth than 0.5% registered in January, it was in line with […]
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