Forex News – Page 244

December 5
2016

Euro Demonstrates Volatile Swings After Italian Referendum

The euro fell sharply after the Italian referendum resulted in rejection of proposed reforms and resignation of the country’s leader. Yet the currency bounced even more sharply after markets digested the news. On Sunday, constitutional reforms proposed by Prime Minister Matteo Renzi were met with resounding “no” from voters. As he promised, Renzi announced resignation after the negative outcome of the voting. Initially, markets reacted with panic to the news, and speculations started […]

December 3
2016

US Dollar Ends Week Soft as Markets Didn’t Like NFP

The dollar has ended the week unexpectedly soft, though it managed to gain on the even weaker Japanese yen, as markets did not welcome the mixed employment data from the United States. While the start of the week was not great for the dollar, dollar bulls felt optimistic. They were expecting decent economic reports, focusing mainly on employment data. And indeed, private report from Automatic Processing Data was solid. And before […]

December 3
2016

US Dollar Ends Week Soft as Markets Didn’t Like NFP

The dollar has ended the week unexpectedly soft, though it managed to gain on the even weaker Japanese yen, as markets did not welcome the mixed employment data from the United States. While the start of the week was not great for the dollar, dollar bulls felt optimistic. They were expecting decent economic reports, focusing mainly on employment data. And indeed, private report from Automatic Processing Data was solid. And before […]

December 2
2016

Sterling Strong as Britain’s Officials Want to Avoid Hard Brexit

The Great Britain pound was strong on Friday, rising against its most-traded peers, as Britain’s officials were talking about possibility of keeping access to the single market of the European Union. Trade Minister Greg Hands talked in an interview to Bloomberg about possibility for Britain staying in the EU customs union, at least for select products: You can choose which markets, which products the customs unions affect and which they donât — […]

December 2
2016

Sterling Strong as Britain’s Officials Want to Avoid Hard Brexit

The Great Britain pound was strong on Friday, rising against its most-traded peers, as Britain’s officials were talking about possibility of keeping access to the single market of the European Union. Trade Minister Greg Hands talked in an interview to Bloomberg about possibility for Britain staying in the EU customs union, at least for select products: You can choose which markets, which products the customs unions affect and which they donât — […]

December 2
2016

Canadian Dollar Gets Help from Positive Employment Report

The Canadian dollar rose against most of its major peers (with the exception of the Japanese yen) with the help of rather positive employment data released from Canada over the trading session. Unlike the US employment report, Canadian data did not have negative components. While the increase by 11,000 in November was nowhere as big as October’s 43,900, it was a far better reading than the predicted drop by 16,500. What is […]

December 2
2016

Canadian Dollar Gets Help from Positive Employment Report

The Canadian dollar rose against most of its major peers (with the exception of the Japanese yen) with the help of rather positive employment data released from Canada over the trading session. Unlike the US employment report, Canadian data did not have negative components. While the increase by 11,000 in November was nowhere as big as October’s 43,900, it was a far better reading than the predicted drop by 16,500. What is […]

December 2
2016

US Dollar Falls Against Major Peers Following Disappointing Jobs Data

The dollar declined against most of its major peers on Friday, following a new report that revealed average jobs gains in November. The US currency, which rose during the past 3 weeks, could be having a corrected movement after its rapid rally in the wake of Donald Trumpâs presidency. The US Bureau of Labor Statistics published its report of total nonfarm payroll employment for November, showing an increase by 178,000 jobs during […]

December 2
2016

US Dollar Falls Against Major Peers Following Disappointing Jobs Data

The dollar declined against most of its major peers on Friday, following a new report that revealed average jobs gains in November. The US currency, which rose during the past 3 weeks, could be having a corrected movement after its rapid rally in the wake of Donald Trumpâs presidency. The US Bureau of Labor Statistics published its report of total nonfarm payroll employment for November, showing an increase by 178,000 jobs during […]

December 2
2016

Polish Zloty Edges Lower Ahead of S&P Credit Rating Review

The Polish zloty edged lower today ahead of a credit rating review by Standard & Poor’s that may result in lower credit grade for the Eastern European country. S&P will announce its decision later today after markets close. The agency has already downgraded the nation’s credit rating in January, and analysts believe that it may do so again today. The key risks for the nation’s economy are prospects for higher […]