The euro rallied higher against its main peers after the release of better-than-expected consumer confidence data by the European Commission. The currency also rallied hogher after the release of the Eurozone construction industry data…
Posts published in April 2017
GBP/USD Maintains Gains as UK Voting Intentions Become Clear
April 20, 2017
The GBP/USD currency pair today maintained the significant gains made after the announcement of snap elections by British Prime Minister Theresa May. The results of a poll conducted by YouGov on behalf of the Times Newspaper indicated that…
Canadian Dollar Drops for Second Day
April 19, 2017
The Canadian dollar dropped against its US counterpart today, falling for the second consecutive day, as geopolitical tensions were mounting. The loonie declined against other most-traded peers as well due to the drop…
Dollar Logs Limited Rally
April 19, 2017
The US dollar rallied today, though the gains were limited as rising geopolitical tensions were not adding to the appeal of the currency, despite its role as a safe haven. Analysts described today’s gains…
Market Sentiment Drags Aussie Dawn Despite Positive Data
April 19, 2017
The Australian dollar fell today, dropping for the second consecutive day against its most-traded rivals, as the market sentiment remained unfavorable to riskier currencies linked to commodities and growth. Positive domestic macroeconomic data…
Pound Consolidates Following Tuesday’s Rally
April 19, 2017
The Great Britain pound was in a consolidation mode today following yesterday’s rally caused by the surprise announcement of a snap general election in Britain this year. The sterling traded flat for the most part against…
US Dollar Drops Against Euro as Housing Data Disappoints
April 18, 2017
The US dollar weakened against the euro and the British pound among other major currencies on Tuesday, as geopolitical developments around the globe continued to weigh on the US currency. Economic data in the United States failed…
The euro rallied higher against the US dollar today despite the uncertainty surrounding the upcoming French Presidential elections. The euro’s rally entered the second day as the selling pressure on the US dollar keeps rising due…
The Great Britain pound jumped today after Britain’s Prime Minister Theresa May made a surprise announcement that general elections will happen in June. May shocked markets by announcing that…
The Australian dollar dropped significantly against the US dollar after the release of the minutes of Reserve Bank of Australia, which hinted at a dovish outlook. The RBA minutes indicated that the bank was worried about…