It’s time for Wednesday’s edition of the Movers and Shakers Report. I’m Alex Iszatt with a closer look at where the 8 majors stand at 3 PM GMT. New Zealand/Dollar is the mover of the day, and it is up by point 57%. The pair was moving higher for most the day, speeding up after 1 o’clock. Commodity currencies have held the ground they gained yesterday, and Kiwi Dollar is the most bullish of them, boosted by increased New Zealand business confidence. The neighbouring Aussie finds itself point 18% up from the Loonie, which is trading lower as Canadian Industrial Product Prices declined more than expected. Two European currencies trade within a close range of each other as Swissie is almost level with the Common Currency. Japanese industrial production showed growth in September, and Yen is a fraction up from the Sterling. And Greenback is the most bearish of the eight majors as traders are waiting for the upcoming Fed monetary policy statement which is expected to end to the Quantitative Easing program. And, before the end of this report, let’s take a look at the long-term charts. Canada/Yen tops the weekly advancers table with a gain of 1.55%. Dollar/Canada is down by point 69%, which is enough to make it the most bearish pair. Dollar/Yen leads the monthly bulls chart and it’s up by almost 2.4%. Pound/New Zealand has lost slightly more than 3% during the same period, which is the biggest decline. So that concludes the Movers and Shakers for Wednesday. Check back tomorrow for the next report. See you then.
It’s time for Wednesday’s edition of the Movers and Shakers Report. I’m Alex Iszatt with a closer look at where the 8 majors stand at 3 PM GMT.
New Zealand/Dollar is the mover of the day, and it is up by point 57%. The pair was moving higher for most the day, speeding up after 1 o’clock.
Commodity currencies have held the ground they gained yesterday, and Kiwi Dollar is the most bullish of them, boosted by increased New Zealand business confidence.
The neighbouring Aussie finds itself point 18% up from the Loonie, which is trading lower as Canadian Industrial Product Prices declined more than expected.
Two European currencies trade within a close range of each other as Swissie is almost level with the Common Currency.
Japanese industrial production showed growth in September, and Yen is a fraction up from the Sterling.
And Greenback is the most bearish of the eight majors as traders are waiting for the upcoming Fed monetary policy statement which is expected to end to the Quantitative Easing program.
And, before the end of this report, let’s take a look at the long-term charts. Canada/Yen tops the weekly advancers table with a gain of 1.55%. Dollar/Canada is down by point 69%, which is enough to make it the most bearish pair.
Dollar/Yen leads the monthly bulls chart and it’s up by almost 2.4%. Pound/New Zealand has lost slightly more than 3% during the same period, which is the biggest decline.
So that concludes the Movers and Shakers for Wednesday. Check back tomorrow for the next report. See you then.
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