The Sterling pound today crashed to new lows during a speech by Bank of England Governor Mark Carney regarding the bank’s interest rate decision. The GBP/USD currency pair had traded in a consolidative phase following the release of UK construction industry data before the BoE rate decision. …
Category: News
Sterling Pound Crashes on Dovish Carney Speech After BoE Rate Hike
The Sterling pound today crashed to new lows during a speech by Bank of England Governor Mark Carney regarding the bank’s interest rate decision. The GBP/USD currency pair had traded in a consolidative phase following the release of UK construction industry data before the BoE rate decision. …
Widening Trade Surplus Does Not Prevent Aussie’s Drop
Australia’s trade balance increased more than was expected, but that did not prevent the Australian dollar from falling. The likely reason for the currency’s drop was the risk-negative sentiment on the Forex market. The Australian Bureau of Statistics reported that the trade surplus widened to A$1.87 …
Widening Trade Surplus Does Not Prevent Aussie’s Drop
Australia’s trade balance increased more than was expected, but that did not prevent the Australian dollar from falling. The likely reason for the currency’s drop was the risk-negative sentiment on the Forex market. The Australian Bureau of Statistics reported that the trade surplus widened to A$1.87 …
Japanese Yen Rallies As US-China Trade Conflict Heats Up
The Japanese yen rallied today as US-China trade tensions suddenly flared up, driving market participants to seek safety. Risk aversion on the Forex market heightened after the news that the United States were considering additional tariffs on Chinese goods. The yen traditionally thrives in risk-negative …
Japanese Yen Rallies As US-China Trade Conflict Heats Up
The Japanese yen rallied today as US-China trade tensions suddenly flared up, driving market participants to seek safety. Risk aversion on the Forex market heightened after the news that the United States were considering additional tariffs on Chinese goods. The yen traditionally thrives in risk-negative …
Japanese Yen Plunges As BOJ Maintains Ultraloose Monetary Policy
The Japanese yen continued to plummet against the US dollar and a basket of other currencies. After the Bank of Japan (BOJ) maintained its ultraloose monetary policy, surprising international markets, the currency continued its sluggish performance over the last five trading sessions. On Tuesday, the BOJ decided …
Japanese Yen Plunges As BOJ Maintains Ultraloose Monetary Policy
The Japanese yen continued to plummet against the US dollar and a basket of other currencies. After the Bank of Japan (BOJ) maintained its ultraloose monetary policy, surprising international markets, the currency continued its sluggish performance over the last five trading sessions. On Tuesday, the BOJ decided …
Euro Rallies Against US Dollar Despite Positive ADP Jobs Report
The euro today rallied slightly against the US dollar recovering most of its initial losses against the greenback in the early to mid-European sessions. The EUR/USD currency pair rallied higher in the early American session despite the release of the positive US ADP employment report. The EUR/USD currency pair …
Euro Rallies Against US Dollar Despite Positive ADP Jobs Report
The euro today rallied slightly against the US dollar recovering most of its initial losses against the greenback in the early to mid-European sessions. The EUR/USD currency pair rallied higher in the early American session despite the release of the positive US ADP employment report. The EUR/USD currency pair …