Hello, traders, let’s take a quick look at what’s been moving and shaking in the currency markets. Euro/Yen has been trending lower for most of the session, losing half a percent, and it is the mover of the day. In a remarkable reversal from yesterday, which suggests a somewhat frothy market, safe havens are the top performers. Yen is the most bullish of them, albeit just a fraction up from the Swissie. The latest US jobless claims data surprised on the upside, and Greenback is a fraction up from Sterling which, in turn, received some support from improved UK retail sales. The three commodity currencies are trading in a narrow range from each other, with Kiwi being the most bullish of them as New Zealand Producer Price Index surprised on the upside. Aussie is sandwiched between its neighbour and the Loonie. And the latest ECB meeting minutes suggested the ECB would be cautious with any hawkish moves, which helped make Euro the most bearish major. And here’s how things look on the long-term charts. Canada/Yen has gained more than 1% over the last week, which makes it the most bullish instrument, while Pound/Canada posts the biggest decline, namely, 1.33%. Moving on to the monthly chart, Euro/Swiss Franc is the top performer here, standing 2.59% in the green, while Swiss Franc/Yen is the most bearish instrument, having lost 3%. I’m Kiays Khalil and these were the Movers and Shakers for Thursday. Check back in tomorrow for this week’s last overview.
Hello, traders, let’s take a quick look at what’s been moving and shaking in the currency markets.
Euro/Yen has been trending lower for most of the session, losing half a percent, and it is the mover of the day.
In a remarkable reversal from yesterday, which suggests a somewhat frothy market, safe havens are the top performers. Yen is the most bullish of them, albeit just a fraction up from the Swissie.
The latest US jobless claims data surprised on the upside, and Greenback is a fraction up from Sterling which, in turn, received some support from improved UK retail sales.
The three commodity currencies are trading in a narrow range from each other, with Kiwi being the most bullish of them as New Zealand Producer Price Index surprised on the upside.
Aussie is sandwiched between its neighbour and the Loonie.
And the latest ECB meeting minutes suggested the ECB would be cautious with any hawkish moves, which helped make Euro the most bearish major.
And here’s how things look on the long-term charts. Canada/Yen has gained more than 1% over the last week, which makes it the most bullish instrument, while Pound/Canada posts the biggest decline, namely, 1.33%.
Moving on to the monthly chart, Euro/Swiss Franc is the top performer here, standing 2.59% in the green, while Swiss Franc/Yen is the most bearish instrument, having lost 3%.
I’m Kiays Khalil and these were the Movers and Shakers for Thursday. Check back in tomorrow for this week’s last overview.
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