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Forex News
October 282016
US Dollar Gets No Boost from US Economic Data
The US dollar traded below the opening level against other most-traded currencies as mixed economic data from the United States provided no boost for the currency that is struggling to maintain its upward momentum. The most important US economic reports should have been gross domestic product data, but it actually did not draw attention from markets despite showing faster-than-expected growth of the US economy. On the other […]
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October 282016
Sterling Soft After Northern Ireland Court Decision
The Great Britain pound rose against the US dollar but fell against most other currencies today as the threat of the Brexit continued to undermine the currency’s appeal to Forex traders. The big news of the day was the decision of Northern Ireland’s High Court that British government can initiate the Brexit without consent from the parliament. The matter is not over as the High Court in London is yet to make its decision as today’s verdict […]
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October 282016
Sterling Soft After Northern Ireland Court Decision
The Great Britain pound rose against the US dollar but fell against most other currencies today as the threat of the Brexit continued to undermine the currency’s appeal to Forex traders. The big news of the day was the decision of Northern Ireland’s High Court that British government can initiate the Brexit without consent from the parliament. The matter is not over as the High Court in London is yet to make its decision as today’s verdict […]
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October 282016
Economic Data from Australia Sends Aussie Lower
The Australian dollar fell today as economic reports released from Australia during the current trading session were not particularly good, making them detrimental to the currency. The Producer Price Index rose 0.3% in the September quarter from the previous three months. While it was a bigger increase than 0.1% during the June quarter, it was two times smaller than the median forecast of 0.6% growth. Housing Industry Association […]
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October 282016
Economic Data from Australia Sends Aussie Lower
The Australian dollar fell today as economic reports released from Australia during the current trading session were not particularly good, making them detrimental to the currency. The Producer Price Index rose 0.3% in the September quarter from the previous three months. While it was a bigger increase than 0.1% during the June quarter, it was two times smaller than the median forecast of 0.6% growth. Housing Industry Association […]
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October 282016
Yen Flat After Bunch of Economic Reports from Japan
The Japanese yen was flat against most of its major rivals during the current trading session after a bunch of macroeconomic data was released from Japan today. Arguably the most important of reports released today were consumer spending and inflation data. While both consumer expenditure and the core Consumer Price Index (both for Tokyo and for the whole Japan) fell, the drop was not as big as analysts had predicted. Still, the data […]
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October 282016
Yen Flat After Bunch of Economic Reports from Japan
The Japanese yen was flat against most of its major rivals during the current trading session after a bunch of macroeconomic data was released from Japan today. Arguably the most important of reports released today were consumer spending and inflation data. While both consumer expenditure and the core Consumer Price Index (both for Tokyo and for the whole Japan) fell, the drop was not as big as analysts had predicted. Still, the data […]
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October 272016
Canadian Dollar Mostly Flat amid Battling Fundamentals
The Canadian dollar was mostly flat against its major rivals (though not versus the Japanese yen) as good and bad fundamentals battled for the right to determine the direction for the currency to move. High chances for an interest rate hike from the Federal Reserve in December (which now stands at 78% according to CME FedWatch) make most currencies soft against the US dollar. The dovish stance of Canada’s central bank makes the loonie vulnerable against […]
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October 272016
Canadian Dollar Mostly Flat amid Battling Fundamentals
The Canadian dollar was mostly flat against its major rivals (though not versus the Japanese yen) as good and bad fundamentals battled for the right to determine the direction for the currency to move. High chances for an interest rate hike from the Federal Reserve in December (which now stands at 78% according to CME FedWatch) make most currencies soft against the US dollar. The dovish stance of Canada’s central bank makes the loonie vulnerable against […]
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October 272016
Swedish Krona Sinks as Riksbank Signals About Possible Easing
The Swedish krona fell today after the nation’s central bank signaled that it is ready to cut interest rates deeper into the negative territory and expand its quantitative easing program. The Riksbank kept its main interest rate at -0.5% at today’s policy meeting. While the krona initially rallied due to absence of a rate cut, the currency backed off after market participants digested the policy statement and discovered that it […]
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