The trading week is past its halfway mark and it’s time once again for the Movers and Shakers. I’m Sinead MacLaughlin and here’s a look at how the major currencies line-up at 3 PM GMT on this Wednesday. Sterling/Australia was moving higher up to approximately 10 AM and it’s the mover of the day, standing more than 1% in the green. The Bank of England meeting minutes showed policy makers raising concerns regarding building inflation pressures, sending the Sterling higher and it’s the most bullish of the 8 majors on the table. Swiss Franc is level with the Euro – both of the currencies trade mostly higher as Euro Zone current account report was positive. US building permits rose more than expected, but starts declined and Buck is point 21% up from the neighboring Loonie dollar. Latest milk powder auction prices showed a decline, putting downward pressure on the Kiwi Dollar. Japanese Yen continues the recent bearish trend and it’s up only from the Ozzy Dollar, which wraps up the advancers and decliners table. Moving on to longer term charts, Swissie/Yen leads the weekly advancers table with a rise of more than 3%. Australia/Swissie has declined the most and it’s 1.77% in the red, followed closely by Sterling/Swissie. Dollar/Yen tops the monthly bulls chart and it’s up by close to 10%. The Cable is the most bearish pair and it’s down by 2.72%. That brings Wednesday’s Movers and Shakers to an end. As usual, check back in tomorrow for the next report. Goodbye.
The trading week is past its halfway mark and it’s time once again for the Movers and Shakers. I’m Sinead MacLaughlin and here’s a look at how the major currencies line-up at 3 PM GMT on this Wednesday.
Sterling/Australia was moving higher up to approximately 10 AM and it’s the mover of the day, standing more than 1% in the green.
The Bank of England meeting minutes showed policy makers raising concerns regarding building inflation pressures, sending the Sterling higher and it’s the most bullish of the 8 majors on the table.
Swiss Franc is level with the Euro – both of the currencies trade mostly higher as Euro Zone current account report was positive.
US building permits rose more than expected, but starts declined and Buck is point 21% up from the neighboring Loonie dollar.
Latest milk powder auction prices showed a decline, putting downward pressure on the Kiwi Dollar.
Japanese Yen continues the recent bearish trend and it’s up only from the Ozzy Dollar, which wraps up the advancers and decliners table.
Moving on to longer term charts, Swissie/Yen leads the weekly advancers table with a rise of more than 3%. Australia/Swissie has declined the most and it’s 1.77% in the red, followed closely by Sterling/Swissie.
Dollar/Yen tops the monthly bulls chart and it’s up by close to 10%. The Cable is the most bearish pair and it’s down by 2.72%.
That brings Wednesday’s Movers and Shakers to an end. As usual, check back in tomorrow for the next report. Goodbye.
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