Hello, traders, you’re watching the Movers and Shakers for Tuesday. Pound/New Zealand is the mover of the day, having lost point 46%. The pair did see some growth after 12 o’clock, but it was not enough to reverse the initial decline. Commodity currencies are on the rise, all trading within a very narrow range from each other. The Kiwi is the most bullish major, but it’s trailed closely by the Loonie, which received some boost as Canadian exports picked up speed. Reserve Bank of Australia has left the interest rates unchanged, as was expected, and Aussie is a fraction up from the Greenback. Two safe havens are trading almost level with each other, with Swissie slightly up from the Yen. German November Services PMI was revised lower, and the Common Currency is down against most rivals. And Pound has seen a bit of a drop due to another breakdown in Brexit talks, which has sent it all the way to the bottom of the Advancers and Decliners table. Still, Pound is going strong on the weekly chart, as Pound/Yen is the most bullish instrument with a gain of 1.66%, whereas Euro/Pound tops the bearish table, having lost 1.24%. And Antipodes aren’t too hot in monthly terms, either. Euro/Australia has gained 2.53% over a month, which makes it the most bullish pair, and Australia/Canada is the most bearish instrument, standing 2.6% in the red. You’ve been watching the Movers and Shakers for Tuesday. I’m Jack Everitt and we’ll be back tomorrow to cover the latest developments in the forex markets. See you then.
Hello, traders, you’re watching the Movers and Shakers for Tuesday.
Pound/New Zealand is the mover of the day, having lost point 46%. The pair did see some growth after 12 o’clock, but it was not enough to reverse the initial decline.
Commodity currencies are on the rise, all trading within a very narrow range from each other. The Kiwi is the most bullish major, but it’s trailed closely by the Loonie, which received some boost as Canadian exports picked up speed.
Reserve Bank of Australia has left the interest rates unchanged, as was expected, and Aussie is a fraction up from the Greenback.
Two safe havens are trading almost level with each other, with Swissie slightly up from the Yen.
German November Services PMI was revised lower, and the Common Currency is down against most rivals.
And Pound has seen a bit of a drop due to another breakdown in Brexit talks, which has sent it all the way to the bottom of the Advancers and Decliners table.
Still, Pound is going strong on the weekly chart, as Pound/Yen is the most bullish instrument with a gain of 1.66%, whereas Euro/Pound tops the bearish table, having lost 1.24%.
And Antipodes aren’t too hot in monthly terms, either. Euro/Australia has gained 2.53% over a month, which makes it the most bullish pair, and Australia/Canada is the most bearish instrument, standing 2.6% in the red.
You’ve been watching the Movers and Shakers for Tuesday. I’m Jack Everitt and we’ll be back tomorrow to cover the latest developments in the forex markets. See you then.
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