The New Zealand dollar fell against the US dollar and the euro after Thursday’s data revealed that the New Zealand trade balance deficit widened last month unexpectedly. The New Zealand trade…
Posts published in October 2016
Pound Refuses to Move Far from Opening After GDP Report
The Great Britain pound continued to move largely sideways on Thursday, refusing to move far from the opening level and extending the period of consolidation that has starter a while ago. Even the positive surprise…
Canadian Dollar Under Pressure During Wednesday’s Trading
The Canadian dollar was under pressure during the Wednesday’s trading session as falling oil prices and concerns about potential monetary easing from the Bank of Canada made the currency not particularly attractive.…
US Dollar Mixed as Fed December Meeting Remains in Spotlight
The US dollar was mixed today as Forex market participants continued to speculate about whether the Federal Reserve is going to hike interest rates in December or not. For the most part, speculators continued…
Pound Flat While Markets Focus on Brexit & BoE Stimulus
The Great Britain pound continued to consolidate, trading mostly flat today, as market participants continued to speculate about the impact of the Brexit and chances for additional monetary easing from the Bank of England. Yesterday, BoE…
Australian Dollar Retreats from Session Highs, Stays Above Opening
The Australian dollar rose today following the release of better-than-expected inflation data. While the currency has retreated from the session highs as of now, it is still trading above the opening level. The Consumer…
Improving German Business Climate Provides Limited Support to Euro
Yet again positive macroeconomic data from the eurozone provided limited support to the euro. The German business climate showed unexpected signs of improvement, yet the euro was mixed during the current trading…
Swiss Franc Falls as SNB Monetary Easing Has Not Reached Limit
The Swiss franc fell today as policy makers of the Swiss National Bank were defending the current negative interest rates and signaled that monetary easing has not yet reached its limit.…
Australian Dollar Struggles to Rise Ahead of Q3 CPI
The Australian dollar has continued to grapple against the power of the mighty US dollar. But today, AUD/USD attempted to fight its way back, setting a high at 0.7640 when just on Friday, it…
Pound Flat, GDP Report in Focus
The Great Britain pound was little changed today as traders are waiting for GDP data from the United Kingdom which will be released later this week. The preliminary report about…