The US dollar declined to new lows today after the release of a raft of economic reports from the US economic docket. Today’s economic releases include the consumer confidence index, the house price index,…
Posts published in April 2017
The National University of Singapore (NUS) School of Computing announced today that itiscollaborating with the to jointly develop a module on blockchain and distributed ledger technologies,…
The Canadian dollar gave up all of the gains it had achieved against its main counterparts earlier on Monday, following a drop in oil prices that weighed on the loonie. Canadian economic data…
Yen Soft as Fears Abate After French Elections
The Japanese yen was soft today after the outcome of the French Presidential elections eased fears on markets. While the currency traded above the Monday’s opening, it was still far below the Friday’s…
EUR/USD Retreats from 5-Month High After French Election
The euro retreated from the opening levels today, but that was after opening sharply higher following the French Presidential election over the weekend. In fact, EUR/USD opened at the highest level since…
Great Britain Pound Strong After Election Announcement
The Great Britain pound was the strongest major currency this week as UK Prime Minister Theresa May surprised markets, announcing a snap general election. The Prime Minister announced that the election…
The US dollar strengthened against the euro on Friday, following the release of positive data for the US housing sector. Investors are keeping a close eye on the French presidential election on Sunday, which weighed on the shared…
Yen Gains on Economic Data, Risk Aversion
The Japanese yen was firm today after the release of positive domestic macroeconomic data. The currency gained on the euro also due to the market sentiment that worsened after what looks like as a terrorist…
Pound Drops After Unexpectedly Poor Retail Sales Data
The Great Britain pound fell today after the release of disappointing retail sales data for March. Britain’s retail sales fell 1.8% in March from February. Forecasts promised a much smaller drop…
US Dollar Stays Lower on Lackluster Manufacturing Data
The US dollar remained weaker against the euro on Thursday as traders digested a disappointing report on manufacturing activity in the Philadelphia region, which was released earlier today. However, an index that tracks the strength…