Mixed Performances for EURO in August August has been a climactic month for the Eurozone currency. It has recorded gains against the U.S Dollar, Yen and a host of other currencies after mediocre performances over…
Market Commentary
Dollar Dumped to 3-Week Lows as NFP and Unemployment Rises
USD Suffers Despite NFP Job Data Rising The greenback sustained losses against most of its pairs on Friday following the release of the NFP job data which saw a job increase of 213K in June…
Greenback Performs Excellently, Boosted By Increase in Retail Sales
Strong U.S Retails Sales, Greenback Soars The greenback recorded gains this week, with strong U.S retail sales result boosting the currency despite slowing down on Friday amidst trade war concerns. Tuesday, June 12: Greenback Posts…
Loonie Dips Amidst Oil Prices Slump and NAFTA Talks Continue
NAFTA Talks and Oil Oversupply Affect Loonie The Loonie was affected by NAFTA related talks and the issue of oil oversupply, with the currency also affected by the underwhelming PMI report Tuesday, June 5: Dollar…
Euro Continues to Slip against Major Competitors Amidst Italy’s Political Turmoil
Political Turmoil in Italy and Spain Causes Euro Slump Italy and Spain have been embroiled in political turmoil over the past week and this has led to the euro recording losses over its major trading…
Dollar Dips as FOMC Minutes Causes Disappointment
FOMC Minutes Help Push Dollar Lower The USD had a rather average week at best before the FOMC minutes were released on Wednesday, which helped send the currency tumbling even lower. Despite all that, it may…
The Greenback Performs Excellently Despite Weak Retail Sales
Weak U.S Retail Sales Report Didn’t Deter the U.S Dollar The greenback performed excellently thus far this week despite the weak retail sales report published on Tuesday. Monday, May 14: Dollar Rebounds, Euro Dips on…
Greenback Records Gains Despite Less Than Expected NFP
NFP Reports Gives US Dollars Edge against BGP, EURO The NFP jobs report, although less than expected, still showed some recovery. The increase was enough to see the greenback record gains against its major competitors,…
ECB Statement Leads to Major Losses for Euro
Decrease in European Bond Yields and ECB Statement Affects Euro Euro started the week on a strong note but sustained losses after a decline in the European bond yields and the ECB announcing that there…
Positive FOMC Member’s Remarks and Higher Bond Yields Pushes Greenback to Record Gains
Greenback Records Gains as FOMC Members Give Optimistic Remarks Traders are flocking back to the greenback after positive remarks from FOMC members and a decrease in trade war jitters. Tuesday, April 17: Greenback gains as FOMC…
