FOREX.TODAY

Tag: majors

Forex Major Currencies Outlook (Sept 8, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar chalked up small gains against its forex counterparts despite the lack of liquidity in yesterday's market. US traders were off on a Labor Day holiday and there were no reports from the US economy. For today, only low-tier reports such as the NFIB small business index and labor market conditions index…
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Forex Major Currencies Outlook (Sept 7, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar tossed and turned after the release of the jobs report, which indicated a weaker than expected headline figure of 173K versus the projected 225K reading. Despite that, the jobless rate improved from 5.3% to 5.1% in August while the participation rate held steady. Average hourly earnings ticked up by 0.3% versus…
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Forex Major Currencies Outlook (Sept 4, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was able to take advantage of the run in risk aversion, thanks to the ECB's dovish monetary policy statement. Data from the US was also better than expected, as the ISM non-manufacturing PMI dipped from 60.3 to 59.0, better than the projected drop to 58.3. For today, the NFP could prove…
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Forex Major Currencies Outlook (Sept 3, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed trading day, as data from the economy fell short of expectations. The ADP non-farm employment change report showed a mere 190K gain in hiring versus the projected 224K increase while the previous reading was downgraded from 185K to 177K, suggesting a downside surprise for tomorrow’s NFP release. Revised…
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Forex Major Currencies Outlook (Sept 2, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar managed to advance against most of its forex counterparts, despite weaker than expected data from the US economy. The ISM manufacturing PMI fell from 52.7 to 51.1, worse than the estimated dip to 52.6. The employment component recorded a drop of 1.5, reflecting weaker conditions and a potential downside surprise in…
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Forex Major Currencies Outlook (Sept 1, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was able to hold on to its gains at the start of the week, as risk aversion seemed to return to the financial markets. Data from the US came in slightly weaker than expected, as the Chicago PMI dipped from 54.7 to 54.4 instead of holding steady. For today, the US…
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Forex Major Currencies Outlook (Aug 31, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance on Friday, but managed to advance against some of its rivals. Data from the US was mostly weaker than expected, as the personal spending figure came in below consensus with a 0.3% gain versus the projected 0.4% increase while the personal income figure showed a 0.4% uptick…
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Forex Major Currencies Outlook (Aug 24, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar suffered a sharp selloff against the yen and the euro, mostly due to the bloodbath in the equity market. Apart from that, lower odds of a Fed rate hike in September are also leading investors to close off their long dollar holdings. Data from the US was weaker than expected, with…
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Forex Major Currencies Outlook (Aug 14, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar regained ground in recent trading, as risk aversion seemed to set in the financial markets. Commodity prices have been falling to multi-year lows, triggering flight to safety. US retail sales figures came in line with expectations of a 0.4% increase in core retail sales and a 0.6% gain in headline consumer…
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Forex Major Currencies Outlook (Aug 13, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar lost ground to its major counterparts when traders quickly booked profits after the PBOC’s yuan devaluation announcements. Some analysts are speculating that this could weigh on Fed rate hike prospects if it results to a decline in exports from other nations, particularly those shipping raw materials to China. US retail sales…
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Forex Major Currencies Outlook (Aug 12, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar took advantage of the run in risk aversion in recent trading sessions, after the Chinese central bank announced a devaluation of its currency. Aside from that, data from the US economy came in stronger than expected, with the preliminary unit labor costs showing a 0.5% uptick for the previous quarter and…
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