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Forex News
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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June 292018
Japanese Yen Falls, Failing to Profit from Positive Data
Macroeconomic data released in Japan today was good, but the Japanese yen fell nevertheless. It looks like market participants continued to eschew currencies perceived to be a safe haven. The Tokyo core Consumer Price Index rose 0.7% in June from a year ago, accelerating from 0.5% in May and beating market expectations of a 0.6% growth. The unemployment rate unexpectedly edged down from 2.5% in April to 2.2% in May. Industrial […]
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June 292018
Japanese Yen Falls, Failing to Profit from Positive Data
Macroeconomic data released in Japan today was good, but the Japanese yen fell nevertheless. It looks like market participants continued to eschew currencies perceived to be a safe haven. The Tokyo core Consumer Price Index rose 0.7% in June from a year ago, accelerating from 0.5% in May and beating market expectations of a 0.6% growth. The unemployment rate unexpectedly edged down from 2.5% in April to 2.2% in May. Industrial […]
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June 292018
NZ Dollar Higher vs. Some Rivals, Falls vs. European Currencies
The New Zealand dollar gained against some currencies but fell versus European ones, like the euro and the Swiss franc, most likely because the European Union was able to reach an agreement about immigration. As for domestic news, Statistics New Zealand reported the seasonally adjusted number of building permits rose 7.1% in May from the previous month. The increase followed the 3.6% drop registered in April. NZD/USD edged up from 0.6756 […]
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June 292018
NZ Dollar Higher vs. Some Rivals, Falls vs. European Currencies
The New Zealand dollar gained against some currencies but fell versus European ones, like the euro and the Swiss franc, most likely because the European Union was able to reach an agreement about immigration. As for domestic news, Statistics New Zealand reported the seasonally adjusted number of building permits rose 7.1% in May from the previous month. The increase followed the 3.6% drop registered in April. NZD/USD edged up from 0.6756 […]
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June 292018
Euro Holds On to Gains After EU Migration Deal Amid Strong US PCE Data
The euro today held on to its gains in the American session despite the release of strong US inflation data, which boosted the greenback. The EUR/USD currency pair has rallied significantly higher overnight after European leaders finally reached a deal on Migration at the EU Summit. The EUR/USD currency pair rallied from a low of 1.1564 to a high of 1.1666 gaining over 100 points in the Asian session and has been trading sideways since then. The currency […]
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June 292018
Euro Holds On to Gains After EU Migration Deal Amid Strong US PCE Data
The euro today held on to its gains in the American session despite the release of strong US inflation data, which boosted the greenback. The EUR/USD currency pair has rallied significantly higher overnight after European leaders finally reached a deal on Migration at the EU Summit. The EUR/USD currency pair rallied from a low of 1.1564 to a high of 1.1666 gaining over 100 points in the Asian session and has been trading sideways since then. The currency […]
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June 282018
SNB Maintains Easing Bias, Swiss Franc Reverses Rally
The Swiss franc rallied against some of its rivals intraday but has lost its gains by now, similarly to the Japanese yen. It looks like currently traders are less interested in safe currencies. Yesterday, the Swiss National Bank released its Quarterly Bulletin. The central bank reiterated that “the currency remains highly valued,” therefore “the SNB will remain active in the foreign exchange market as necessary.” The bank noted that […]
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June 282018
SNB Maintains Easing Bias, Swiss Franc Reverses Rally
The Swiss franc rallied against some of its rivals intraday but has lost its gains by now, similarly to the Japanese yen. It looks like currently traders are less interested in safe currencies. Yesterday, the Swiss National Bank released its Quarterly Bulletin. The central bank reiterated that “the currency remains highly valued,” therefore “the SNB will remain active in the foreign exchange market as necessary.” The bank noted that […]
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June 282018
Japanese Yen Loses Gains After Retail Sales Disappoint
The Japanese yen rallied intraday during the Thursday’s trading session but has lost its gains by now. Worse-than-expected domestic retail sales data was not helping the currency. Japan’s retail sales rose 0.6% in May, year-on-year. That was a far slower pace of growth than 1.3% predicted by analysts and 1.5% registered in April. Month-on-month, sales dropped 1.7% — the biggest decline in 21 months. USD/JPY was down from […]
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