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Day: July 15, 2019
July 152019
Swiss Franc Opens Higher, Mixed Afterwards
The Swiss franc opened sharply higher against its major rivals today. While it fell from the opening level against some peers, the Swissie gained on others. Domestic macroeconomic data was negative to the currency. Switzerland’s Federal Statistical Office reported that the Producer Price Index fell 0.5% in June from the previous month. Analysts had predicted an increase of 0.1%. The index was unchanged in May. USD/CHF opened at 0.9829 […]
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July 152019
Chinese Yuan Tries to Find Direction on Slowing GDP, Strong Data
The Chinese yuan is struggling to find direction to kick off the trading week after economic growth slowed to its lowest level in nearly three decades. But it was not all bad news for the worldâs second-largest economy as an influx of data came in better than expected, giving the yuan some support. The big news on Monday was the gross domestic product growth rate coming in at 6.2% in the second quarter, down from […]
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July 152019
Australian Dollar Gains on China’s Data
The Australian dollar gained against its most-traded rivals today after the release of macroeconomic indicators in China, Australia’s biggest trading partner. While not all indicators were especially good, most of them were decent enough to support the Aussie. The National Bureau of Statistics of China reported that gross domestic product rose 6.2% in the second quarter of this year from a year ago, down from 6.4% in the first quarter and matching […]
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July 152019
Pound Reverses 3-Day Rally Amid Upbeat US Manufacturing Report
The British pound today fell against the US dollar reversing all of Friday’s gains amid a lack of any major releases from the UK docket. The GBP/USD currency pair fell due to the absence of catalysts to prop up the Sterling with the pair’s performance being driven largely by investor sentiment. The GBP/USD currency pair today fell from a high of 1.2576 in the Asian session to a low of 1.2511 in the American session and was near these lows […]
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July 152019
EUR/USD Loses Gains, Trades Near Opening Level
EUR/USD rose at the start of Monday’s session but reversed movement at 10:45 GMT and continued to fall after the better-than-expected manufacturing report released in the United States. Currently, the currency pair trades near the opening level. NY Empire State Index rebounded to 4.3 in July from -8.6 in June. Analysts were expecting a more modest gain to 1.6. (Event A on the chart.) On Friday, a report on PPI was released, showing an increase of 0.1% in June, the same […]
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July 152019
NZD/CAD Confirms the 0.8692 Support
The New Zealand dollar versus the Canadian Dollar currency pair looks as if it confirmed the weekly support of 0.8692. Long-term perspective The fall from 0.9281 was driven by the bears with extreme confidence, but now, as the price approached this important weekly level, the bears preferred to book their profits and let the bulls do their thing. This fact is represented by the low of July 01, 2019, which is a lower […]
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