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Forex News
July 22018
Australian Dollar Trades Weakest on Monday
The Australian dollar was the weakest currency on the Forex market during the current trading session, falling against all other most-traded rivals. The most likely reason for that was the persisting fears of trade wars between the United States and their trading partners. Macroeconomic releases on the weekend and Monday were mixed, giving the currency no reason to go in one direction or the other. The Manufacturing Index released by Australia Industry Group fell from 57.5 […]
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July 22018
Japanese Yen Strong Despite Mixed Tankan Survey
The Japanese yen was rather strong today despite a mixed Tankan survey. The currency fell against the US dollar, though, which was also very strong on Monday. The Tankan Manufacturing Index fell from 24 in the March quarter to 21 in the June quarter, below the average forecast of 22. At the same time, the Tankan Non-Manufacturing Index rose from 23 to 24, whereas experts had predicted no change. Meanwhile, trade wars […]
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July 22018
Japanese Yen Strong Despite Mixed Tankan Survey
The Japanese yen was rather strong today despite a mixed Tankan survey. The currency fell against the US dollar, though, which was also very strong on Monday. The Tankan Manufacturing Index fell from 24 in the March quarter to 21 in the June quarter, below the average forecast of 22. At the same time, the Tankan Non-Manufacturing Index rose from 23 to 24, whereas experts had predicted no change. Meanwhile, trade wars […]
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June 302018
Euro Ends Week Second Strongest
The euro ended the past trading week as the second strongest major currency. The only currency that outperformed the euro was the Canadian dollar. Interestingly enough, both currencies logged most of their gains on Friday. The euro rallied after the European Union members managed to achieve an agreement that tackles Europe’s migration problem. The Canadian dollar also had its share of positive factors, including strong domestic macroeconomic data and a rally of prices […]
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June 302018
Euro Ends Week Second Strongest
The euro ended the past trading week as the second strongest major currency. The only currency that outperformed the euro was the Canadian dollar. Interestingly enough, both currencies logged most of their gains on Friday. The euro rallied after the European Union members managed to achieve an agreement that tackles Europe’s migration problem. The Canadian dollar also had its share of positive factors, including strong domestic macroeconomic data and a rally of prices […]
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June 292018
Canadian Dollar Ends Trading Strong, Getting Help from Various Factors
The Canadian dollar ended Friday’s trading extremely strong thanks to the positive domestic macroeconomic data, rising crude oil prices, and the general positive market sentiment. Statistics Canada reported that gross domestic product rose 0.1% in April following the 0.3% increase in March. Economists had predicted no growth. The Industrial Product Price Index rose 1.0% and the Raw Materials Price Index rose 3.8% in May. Both indicators were […]
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June 292018
Canadian Dollar Ends Trading Strong, Getting Help from Various Factors
The Canadian dollar ended Friday’s trading extremely strong thanks to the positive domestic macroeconomic data, rising crude oil prices, and the general positive market sentiment. Statistics Canada reported that gross domestic product rose 0.1% in April following the 0.3% increase in March. Economists had predicted no growth. The Industrial Product Price Index rose 1.0% and the Raw Materials Price Index rose 3.8% in May. Both indicators were […]
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June 292018
Swiss Franc Ends Friday Strong
On Friday, the Swiss franc ended trading strong against most of its rivals, with the exception of other European currencies. While domestic data was good, the likely reason for the good performance was the European Union migration deal. As for domestic fundamentals, the KOF Economic Barometer rose from 100.0 in May to 101.7 in June, demonstrating the first increase after the three months of a decline. Analysts had predicted just a marginal increase to 100.3. The report […]
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June 292018
Swiss Franc Ends Friday Strong
On Friday, the Swiss franc ended trading strong against most of its rivals, with the exception of other European currencies. While domestic data was good, the likely reason for the strong performance was the European Union migration deal. As for domestic fundamentals, the KOF Economic Barometer rose from 100.0 in May to 101.7 in June, demonstrating the first increase after the three months of a decline. Analysts had predicted just a marginal increase to 100.3. The report […]
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June 292018
Great Britain Pound Rallies After Positive Revision to GDP
The Great Britain pound rallied today thanks to positive macroeconomic reports released in the United Kingdom. The most notable of them was the positive revision to gross domestic product. The Office for National Statistics reported that UK GDP rose 0.2% in the first quarter of 2018 from the previous three months according to the final estimate. While it was a slower rate of growth than 0.4% logged in the fourth quarter of 2017, it was faster […]
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