This trading week is coming to an end, so let’s take a closer look at what has been moving and shaking in the currency markets. Canada/Yen has been trending lower for most of the last 15 hours, posting an especially strong drop after 12 o’clock, and it is the mover of the day with a loss of more than 1%. There is a cautious mood in the markets as traders are trying to gauge the state of global economy from the corporate earnings reports, and the three safe havens are at the top of the Advancers and Decliners table, with Yen being the most bullish one. Traders are speculating there will be an extended divergence in monetary policies between the Fed and the ECB, and this has benefitted the Greenback, which is point 27% up from the Swissie. Moving a fraction lower, we get to the Aussie, which, in turn, is almost level with the Pound and its fellow Antipode, the Kiwi. This has been an eventful week for the Common Currency, as it’s been steadily moving lower, but it remains point 33% up from the Loonie, which is the most bearish major. And here’s a quick look at the long-term charts. New Zealand/Canada tops the weekly bulls chart with a gain of 2.25%, whereas Canada/Yen has lost 2% over the same period, making it the most bearish instrument. Euro/Pound holds its position as the top performer over a month, having gained 3.76%, and Pound/Australia posts the biggest decline, standing 6.28% in the red. I’m Jessica Walker and you’ve been watching the Movers and Shakers Report for Friday. We’ll be back on Monday to cover the latest developments, but until then, have a great weekend and goodbye.
This trading week is coming to an end, so let’s take a closer look at what has been moving and shaking in the currency markets.
Canada/Yen has been trending lower for most of the last 15 hours, posting an especially strong drop after 12 o’clock, and it is the mover of the day with a loss of more than 1%.
There is a cautious mood in the markets as traders are trying to gauge the state of global economy from the corporate earnings reports, and the three safe havens are at the top of the Advancers and Decliners table, with Yen being the most bullish one.
Traders are speculating there will be an extended divergence in monetary policies between the Fed and the ECB, and this has benefitted the Greenback, which is point 27% up from the Swissie.
Moving a fraction lower, we get to the Aussie, which, in turn, is almost level with the Pound and its fellow Antipode, the Kiwi.
This has been an eventful week for the Common Currency, as it’s been steadily moving lower, but it remains point 33% up from the Loonie, which is the most bearish major.
And here’s a quick look at the long-term charts. New Zealand/Canada tops the weekly bulls chart with a gain of 2.25%, whereas Canada/Yen has lost 2% over the same period, making it the most bearish instrument.
Euro/Pound holds its position as the top performer over a month, having gained 3.76%, and Pound/Australia posts the biggest decline, standing 6.28% in the red.
I’m Jessica Walker and you’ve been watching the Movers and Shakers Report for Friday. We’ll be back on Monday to cover the latest developments, but until then, have a great weekend and goodbye.
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