It’s the first day of the trading week and it’s time for the Movers and Shakers. I’m Monica Gibson and here’s a look at how 8 of the major currencies stack up at 3 PM GMT. Economic calendar is generally light on this week’s first trading day, but the day’s biggest move is a considerable rise of more than 1% and it’s posted by Euro/Australia. German IFO Business climate release was in the spotlight today and it surprised on the upside, rising to 104.7. Euro was sent higher and it’s the most bullish of the 8 majors on the table, followed closely by the Swiss Franc. The latest UK GDP figures will be available this week and Sterling is up against most of the rivals, followed by a couple of North American majors – US and Canadian Dollars. New Zealand Dollar trades only slightly up from the safe-haven Yen as Japan’s markets are closed for a holiday. Wrapping up the advancers and decliners table is a commodity currency – Australian Dollar, after rising earlier on China rate cuts. Moving on to longer term charts, Canada/Yen shows the biggest rise over a week and it’s up by 2.33%. Australia/Canada tops the bearish section, standing 1.32 % in the red. Dollar/Yen still leads the monthly bulls chart with a rise of more than 10%. The Cable has declined the most and it’s down by 2.31%. That brings Monday’s Movers and Shakers to an end. As usual, check back in tomorrow for the next report. Goodbye.
It’s the first day of the trading week and it’s time for the Movers and Shakers. I’m Monica Gibson and here’s a look at how 8 of the major currencies stack up at 3 PM GMT.
Economic calendar is generally light on this week’s first trading day, but the day’s biggest move is a considerable rise of more than 1% and it’s posted by Euro/Australia.
German IFO Business climate release was in the spotlight today and it surprised on the upside, rising to 104.7. Euro was sent higher and it’s the most bullish of the 8 majors on the table, followed closely by the Swiss Franc.
The latest UK GDP figures will be available this week and Sterling is up against most of the rivals, followed by a couple of North American majors – US and Canadian Dollars.
New Zealand Dollar trades only slightly up from the safe-haven Yen as Japan’s markets are closed for a holiday.
Wrapping up the advancers and decliners table is a commodity currency – Australian Dollar, after rising earlier on China rate cuts.
Moving on to longer term charts, Canada/Yen shows the biggest rise over a week and it’s up by 2.33%. Australia/Canada tops the bearish section, standing 1.32 % in the red.
Dollar/Yen still leads the monthly bulls chart with a rise of more than 10%. The Cable has declined the most and it’s down by 2.31%.
That brings Monday’s Movers and Shakers to an end. As usual, check back in tomorrow for the next report. Goodbye.
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