The euro attempted to rise after Markit released a bunch of macroeconomic reports from the eurozone, but the rally was limited. In fact, the shared 19-nation currency even fell against some of its most-traded…
Posts published in October 2016
ECB Policy Statement Leads to Weekly Losses for Euro
One of the most important events this week was the monetary policy decision from the European Central Bank. While the ECB did not change its policy, the accompanying statement was dovish…
Dollar Rallies Against Rivals During Friday’s Trading
The US dollar was flat against the Japanese yen but rallied against other most-traded currencies during the Friday’s trading session. The major reason for the currency’s strength remained the outlook for an interest rate…
CAD Turns Lower After Data Fails to Reach Consensus Forecast
The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations. The Consumer Price Index…
Pound Moves Lower as Fear of Hard Brexit Haunts Market
The Great Britain pound slipped against its most-traded peers, including the US dollar and the Japanese yen, on Friday as fear of the so-called “hard Brexit” continued to plague markets. It is expected that…
Australian Dollar Holds Ground During Friday’s Session
The Australian dollar held its ground against some rivals (like the US dollar) and managed to gain on the others (like the euro) during the Friday’s trading session. The rally of crude oil has likely…
The Turkish lira was little changed today after the nation’s central bank made a surprise decision to keep interest rates unchanged. The Central Bank of the Republic of Turkey left its interest rates…
Australian Dollar Falls vs. US Dollar After Six Sessions of Gains
The Australian dollar went down today, falling for the first time in seven sessions against its US counterpart, after the release of macroeconomic data from Australia. While reports were mixed, markets…
US Dollar Loses Ground to Yen Amid Depressing Housing Starts Data
The US dollar appeared bearish against the Japanese yen after the US Census Bureau published the housing starts data, which came out at 1.05 million against the forecast of around 1.18 million.…
Great Britain Pound Flat as Employment Data Gives No Direction
The Great Britain pound was little changed today as the employment report released from the United Kingdom during the current trading session was mixed, giving the currency no compelling reason to go…