12.12.2017 – Movers and Shakers by Dukascopy
December 12, 2017 3:51 pmVideo
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It’s 3 PM GMT on this Tuesday, and it’s time for Dukascopy Movers and Shakers report.
Euro/Australia is the mover of the day, having lost point 73%. The pair was moving lower for most of the day.
The Antipodes have been trending higher in light of rising commodity prices, and Aussie is the most bullish major.
It is trailed closely by Kiwi, which is enjoying a boost as traders anticipate a more hawkish direction under the new governor of New Zealand’s central bank.
Greenback is up against most rivals ahead of tomorrow’s Fed meeting.
The latest Japanese tertiary index showed a return to growth, and Yen is trading a fraction up from the Loonie.
Moving a fraction lower, we get to Swissie, which is almost level with Pound. Sterling took a hit as UK inflation rate rose to a 6 year high, well above the Bank of England target rate.
And the Common Currency is the most bearish major, in part due to declining German economic sentiment data.
New Zealand/Canada has gained the most over a week, and it’s up by 1.92%, whereas Euro/New Zealand posts the biggest decline, namely, 1.96%.
Pound/Australia is the top performer on the monthly chart, as it’s up by 3.45%, and Australia/Swiss Franc is the most bearish instrument, standing 2.23% in the red.
You’ve been watching the Movers and Shakers with me, Jack Everitt. Check back in tomorrow to follow the latest developments.
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