Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Market news by Solforex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="limyeeshin, post: 90694, member: 35099"] [B][U][COLOR=#ff0000]Thursday October 15 2015[/COLOR][/U][/B] [B][U]The U.S. dollar stays broadly lower[/U][/B] The dollar dropped against other major currencies after slowed data with increased possibility of rate hike delay. In early trading, the producer price inflation was reduced to -0.3%, lower than +0.1% expected and +0.3% in previous month. The shrinkage in producer prices in the U.S. and the recent Chinese producer prices fall at -5.9% brought up concerns toward global deflation. The beige book also mentioned that the manufacturing sector is slowing down despite steady improvement of other sectors in the economy. Thus, interest rate hike became more likely to be delayed and further lowered the dollar. [B][U]EUR/USD surges amid slowed retail sales data[/U][/B] In the Eurozone, the industrial production was decreased to -0.5%, below previous month’s data at +0.8% and -0.4% expected. It shortened the euro gaining at some stage but downbeat prices index in the U.S. and China spurred the concerns toward global deflation which increased the possibility for Federal Reserve to delay rate hike decision. Thus, it brought more gains to the euro and later shortened its gains by Richmond Fed president’s statement with optimistic view toward rate hike. The euro gained against greenback 0.83% in late session traded at 1.1469 and overall gained about 1.20% over the last month of trading. [B][U]British pound goes higher against greenback amid vague employment data[/U][/B] GBP/USD gained after slightly improved labor data and the dollar index falling. The unemployment rate in the U.K. was lowered from 5.5% to 5.4%. However, the initial jobless claims were increased that it could not be interpreted as it was well improved. GBP/USD pair gained 1.5% in the late session. [B][U]Aussie gains despite weaker than expected jobs data[/U][/B] The Australian dollar gained on Thursday despite weaker jobs data. The investors seemed to focus more on drop rate in unemployment. The data showed that job slots fell by 5,100 in September, worse than expected gains of 5,000. But the unemployment rate was improved at 6.2%, better than 6.3% expected. AUD/USD traded at 0.7324, gained 0.34% on Thursday early trading. [B][U]Market movements[/U][/B] The emerging market and commodity market currencies generally gained amid increased possibility of rate hike delay by Federal Reserve. South African rand gained 2.46%, New Zealand dollar gained 2.13%, Brazilian real was up 1.96%, Turkish lira went up 1.52% and the Australian dollar gained 0.84%. Overall the dollar was broadly lower, EUR/USD pair gained 0.83%, USD/YEN fell 0.77% and GBP/USD gained 1.50%. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…