Last week the US Federal Reserve Bank did not exclude the possibility of raising the interest rate at next meeting in June. The US labor reports were last week key events. The USA published Non-Farm (160K vs. expectations 202K). Unemployment Rate remained at the same level 5%.
No important news was published in the Eurozone and the UK. The pairs EUR/USD and GBP/USD decreased by the end of the trades.
The US dollar rose against the yen before the labor market reports from the United States. According to the latest report, Japanese service sector activity declined in April suggesting that the country economy slowed down.
December 8, 2016 U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016 US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016 GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...
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