This month’s first trading day is coming to an end, so let’s see how things are shaping up. Pound/Yen is the mover of the day, having lost point 9%. The pair was moving lower for most of the day. This weekend has brought plenty of uncertainty in world politics, and safe havens have seen some demand; in particular, Yen is trailed closely by the Greenback, which received some additional support from improved manufacturing PMI. Remarkably enough, Commodity Currencies are also up against most rivals, trading within a very close range of each other. Kiwi is the most bullish of them, albeit by a razor-thin margin, and the neighbouring Aussie is sandwiched between it and the Loonie. The unrest in Spain has sent European currencies mostly lower, and Swissie is point 18% up from the Common Currency which now faces a major constitutional challenge in one of its largest economies. But the most bearish major is actually the Sterling, which took a hit as PM Theresa May must now fend off attacks on her position from her own party. And here’s how things look on the long-term charts. Dollar/Canada has gained 1.71% over a week, which makes it the most bullish instrument, whereas Australia/Dollar is the most bearish pair, having lost more than 2%. Meanwhile, Sterling is still going strong on the monthly chart, as Pound/Yen is the top performer with a gain of more than 5% and Euro/Pound posts the biggest decline, standing more than 4% in the red. I’m Jack Everitt and these were the Movers and Shakers for Monday.
This month’s first trading day is coming to an end, so let’s see how things are shaping up.
Pound/Yen is the mover of the day, having lost point 9%. The pair was moving lower for most of the day.
This weekend has brought plenty of uncertainty in world politics, and safe havens have seen some demand; in particular, Yen is trailed closely by the Greenback, which received some additional support from improved manufacturing PMI.
Remarkably enough, Commodity Currencies are also up against most rivals, trading within a very close range of each other. Kiwi is the most bullish of them, albeit by a razor-thin margin, and the neighbouring Aussie is sandwiched between it and the Loonie.
The unrest in Spain has sent European currencies mostly lower, and Swissie is point 18% up from the Common Currency which now faces a major constitutional challenge in one of its largest economies.
But the most bearish major is actually the Sterling, which took a hit as PM Theresa May must now fend off attacks on her position from her own party.
And here’s how things look on the long-term charts. Dollar/Canada has gained 1.71% over a week, which makes it the most bullish instrument, whereas Australia/Dollar is the most bearish pair, having lost more than 2%.
Meanwhile, Sterling is still going strong on the monthly chart, as Pound/Yen is the top performer with a gain of more than 5% and Euro/Pound posts the biggest decline, standing more than 4% in the red.
I’m Jack Everitt and these were the Movers and Shakers for Monday.
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