Currency Pairs

The Australian dollar continues looking good. After Australian employment data seemed good enough, figures from Australia’s No. 1 trade partner look even better. China reported a growth rate of 6.7% in Q2 2016 slightly better than 6.6% expected and identical to Q1. Industrial output surprised to the upside with 6.2% instead of 5.9% expected and 6% last [...]

The post AUD/USD continues trending higher in channel after Chinese data appeared first on Forex Crunch.

A mixed jobs report from Canada: the nation lost 0.7K jobs instead of gaining ones. However, the unemployment rate dropped to 6.8%. The participation rate slides to 65.5%, and that explains the drop in the unemployment rate. All in all, a slightly disappointing publication from Ottawa.  USD/CAD is at 1.3030, up, but that’s mostly because of the great [...]

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  NEW YORK, March 11 The dollar fell on Friday, nearing a one-month low against a basket of major currencies, as investors bought riskier assets following surprising announcements from the European Central Bank and People’s Bank of China. Commodities rose on Friday after China fixed higher its onshore yuan rate ...

Today’s British pound to euro rate (GBP/EUR) trends under the €1.30 mark having seen the best consecutive daily run in months cut short by several UK PMI’s printing below-forecast. We examine the latest euro-related fx forecasts targeting the Sterling and the US dollar in the short, medium and longer-term currency ...

Here is a fun fact: spot Gold has made a larger range in February 2016 than it did during any other month since August 2013, which is two and a half years ago. It seems as if volatility has returned to this market, and volatility means traders have a good ...

Finally some partially positive news from the US manufacturing sector: a score of 49.5 points in the ISM Manufacturing PMI. This is still in negative territory (under 50) but better than expected and with a better employment component.  The US dollar is rising but certainly doesn’t get too far. The ...

Oil futures surged 12% on Friday, posting the biggest one-day gain since 2009, after the United Arab Emirates energy ministry said on Thursday that OPEC might be willing to cooperate on possible output cuts. WTI for March delivery rallied 12.3% to settle at $29.44 a barrel on the New York ...

Gold advanced on Friday, reversing previous day’s decline, as another wave of risk aversion lifted the metal’s appeal as safe-haven. Stocks fell sharply across the globe and oil hit fresh 12-year lows following a short-lived bounce the previous day. Against this backdrop, the yellow metal gained 1.5% and to finish ...

Analysts from Lloyds Bank noted that the coming Chinese data and crude oil price movements are likely to continue to drive market sentiment and they raise a question: Are China growth concerns overdone? Key Quotes: “Despite relatively upbeat Chinese December external trade data, global equity markets, benchmark bond yields and ...

Risk aversion continues to support the euro. EUR/USD rose again to test daily highs but after reaching 1.0982 pulled back again toward the 1.0950. Stocks in Wall Street extended losses. The Dow Jones is falling 3% and the Nasdaq 3.55%. During the last hours the pair has been hovering between ...