A Report On The US Labor Market Is In The Focus Of Attention
The US dollar is being traded near highs over the past one and a half month. The US dollar index (#DX) is consolidating. Yesterday, the index closed unchanged (0.00%). Investors took a wait-and-see attitude before publication of important economic data...
The U.S. Dollar Was Seen Giving Up Some Of The Gains
The U.S. Dollar was seen giving up some of the gains on Thursday. Price action retreated after a strong rally during the previous days. Economic data on the day was mostly limited. Australia’s trade balance figures were released. Data showed...
British Pound Punches Past 1.30 as Greenback Softens
GBP/USD has posted strong gains on Thursday, recovering from losses earlier in the week. In the North American session, the pair is trading at 1.3030, up 0.70% on the day. On the release front, there are no major British events....
Amid Sluggish Growth and Italy Woes, Will the Euro Ever Resume its Uptrend?
The euro has retreated by about 8% from its three-year peak scaled back in February when it briefly touched $1.2555. At the time, the outlook for the Eurozone economy was looking increasingly positive and political uncertainty appeared to be receding....
Currencies: Dollar Jumps On Strong US Data, Higher US Yields And Hawkish Powell
Rates: Haemorrhage on bond marketsUS Treasuries were hit by a quadruple whammy yesterday. More extremely strong US eco data turned out to be the straw that broke the camel’s back. Add higher oil prices, technical yield breaks at the long...
USD Jumps On ISM Services And ADP Report
The U.S. Dollar was seen maintaining the gains on Wednesday. The USD Index was seen rallying to a fresh one month high on an intraday basis. Economic data on the day showed that the Eurozone’s final services PMI was at...
U.S. Non-Manufacturing Activity Activity Heats Up in September
Following a large gain in August, the Institute for Supply Management’s (ISM) non-manufacturing index came in strong again in September, rising by 3.1 points to 61.5 – an all-time high. The print surprised on the upside, with markets expecting the...
British Pound Pushes to 1.30 as Services PMI Maintains Expansion
GBP/USD has posted slight gains on Wednesday, recovering some of the losses seen on Tuesday. In the North American session, the pair is trading at 1.2991, up 0.09% on the day. On the release front, British Services PMI dropped to...
RBA Leaves Rates Unchanged, ADP Payrolls In Focus Today
The U.S. Dollar was seen rising to intraday highs before easing back by the end of the day. Economic data on the day showed that the RBA held its monetary policy meeting. Interest rates were unchanged for the twenty-sixth consecutive...
US Dollar Falls Ahead Of Key Employment Numbers
The Australian dollar declined slightly after building approval numbers were released. The numbers from the Australian Bureau of Statistics (ABS) showed that approvals declined by 9.4 percent on a month-on-month basis. This was the biggest decline this year and was...
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