Home Sales — News Archive

    Archives

Euro Falls, Rallies, Then Falls Again Amid Shifting Investor Sentiment

The euro today alternated between losses and gains mainly driven by investor sentiment amid a mostly empty European docket leaving the single currency at the greenback’s mercy. The EUR/USD today fell, then recovered in the mid-European session before falling one more time in the American session as the US dollar posted gains.

US Dollar Hurt by Philly Fed Manufacturing Index, Buoyed by Jobless Claims

The US dollar is trading downwards one day after the Federal Reserve left interest rates unchanged, but the central bank leaving the door open to a future rate cut should the data support a move might be driving down the dollar. The greenback declined more on the Philadelphia Federal Reserve Bank manufacturing survey, though its descent was capped by lower-than-expected jobless claims.

US Dollar Mixed on Widening Trade Deficit, Higher Initial Jobless Claims

The US dollar is mixed against a basket of currencies on Thursday as data has been both good and bad for the world’s largest economy. With the US-China trade war seemingly worsening, investors have been clamoring for some excellent data to offset the lackluster development in trade talks.

US Dollar Slides Amid Trump-Fed Battle Over Interest Rates

The US dollar is sliding midweek as President Donald Trump continues to pressure the Federal Reserve cut interest rates because the economy would ascend “like a rocket.” An influx of mixed data has also been coming out, showcasing some bright spots and some dim aspects that could be signs of a somewhat cooling economy.

Canadian Dollar Rallies on Higher Oil Prices and Mixed CPI Data

The Canadian dollar today rallied higher against its southern neighbor driven largely by rising oil prices during the European session. The loonie extended its gains in the early American session after the release of mixed Canadian inflation data to drive the USD/CAD currency pair to new daily lows.

Chinese Yuan Struggles to Find Direction Amid Bearish Economic Data

The Chinese yuan is struggling to find direction on Tuesday as the federal government released economic data that should trouble both officials and investors. Analysts do warn that the currency may get a lift on state stimulus amid the lingering trade dispute between the world’s two largest economies.

Euro Rallies Higher Despite Disappointing German Inflation Data

The euro today rallied higher against the US dollar despite the release of disappointing German inflation data in the mid-European session. The EUR/USD currency pair broke out of the consolidative pattern that dominated the Asian session due to positive investor sentiment towards the single currency.

USD/CAD Falls to 3-Week Lows on Oil Price Rally

The USD/CAD currency pair today fell to new 3-week lows as the Canadian dollar rallied against its US counterpart boosted by a rally in global oil prices. The release of US consumer confidence index for December also contributed to the currency pair’s decline as it did not meet expectations.

US Dollar Attempts to Rally, Fails to Keep Momentum

The US dollar attempted to rally during the Thursday’s trading session but failed to keep its gains and is trading below the opening level right now. It managed to fall even against the vulnerable euro.

USD/CAD Declines Drastically on US and Canada Data

The USD/CAD currency pair today suffered a major decline after the release of both US and Canadian macro data during the North American session. Some of the macro data released by both countries include Canada’s GDP data released by Statistics Canada and the US initial jobless claims report.

Navigation

Menu