As this trading day is coming to an end, let’s look back at what’s been moving and shaking in the currency markets. Euro/Australia has been moving lower for most of the last 15 hours, losing more than 1% in the process, and it was the biggest move of the day. Commodity currencies have made a spectacular recovery, and Aussie Dollar is the most bullish major by a notable margin. Neigbouring Kiwi is point 11% up from the third commodity currency, the Loonie. US Building Permits slipped in July, and the Greenback is trading almost level with the Sterling. Two safe havens are trading within a narrow range from each other, with Swissie slightly up from Yen. And, even though the latest Euro Zone GDP data came in line with estimates, Euro is still the most bearish major. Aussie is also going strong on the weekly chart, as Australia/Swissie is the top performer, standing more than 1% in the green; Pound/Australia has lost more than 1% over the same period, and it’s the most bearish instrument. And Euro is still going strong on the monthly chart, as Euro/Pound is the most bullish instrument with a gain of 3.6%. Pound/Yen tops the bearish chart, standing 3.35% in the green. I’m Kiays Khalil and these were the Movers and Shakers for Wednesday. Check back in tomorrow for the next overview.
As this trading day is coming to an end, let’s look back at what’s been moving and shaking in the currency markets.
Euro/Australia has been moving lower for most of the last 15 hours, losing more than 1% in the process, and it was the biggest move of the day.
Commodity currencies have made a spectacular recovery, and Aussie Dollar is the most bullish major by a notable margin.
Neigbouring Kiwi is point 11% up from the third commodity currency, the Loonie.
US Building Permits slipped in July, and the Greenback is trading almost level with the Sterling.
Two safe havens are trading within a narrow range from each other, with Swissie slightly up from Yen.
And, even though the latest Euro Zone GDP data came in line with estimates, Euro is still the most bearish major.
Aussie is also going strong on the weekly chart, as Australia/Swissie is the top performer, standing more than 1% in the green; Pound/Australia has lost more than 1% over the same period, and it’s the most bearish instrument.
And Euro is still going strong on the monthly chart, as Euro/Pound is the most bullish instrument with a gain of 3.6%. Pound/Yen tops the bearish chart, standing 3.35% in the green.
I’m Kiays Khalil and these were the Movers and Shakers for Wednesday. Check back in tomorrow for the next overview.
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