10.10.2016 – Movers and Shakers by Dukascopy

By | October 10, 2016

Let’s see what’s moving and shaking on the FX Markets at 3 PM GMT on this week’s opening trading day.
CAD/Swissie was flat during the early trading hours and the pair started moving sharply up after 8 o’clock to stand 1.27% in the green, which is the day’s biggest move.
Stocks are on a rise as Saudi Arabia and Russia both showed optimism for an OPEC output deal and Loonie Dollar leads the advancers and decliners table, while there’s no trading in Canada due to a market holiday.
Australian Dollar is up against most of the rivals and it’s point 29% up from the Greenback as markets are closed in the US.
Euro Zone Sentix investor confidence rose and so did German trade surplus and Euro is point 16% up from the Kiwi Dollar, which is the most bearish of the three commodity currencies.
Three majors trade in a close range at the bottom of the chart – UK Sterling, Japanese Yen, while it’s a market holiday in Japan and Swiss Franc, which wraps up the table.
Euro/Sterling takes the top spot on the weekly bulls chart with a solid rise of more than 4%. The Cable has dropped the most over the same term and it’s 4.85% in the red.
Euro/Sterling has appreciated the most over a month and it’s up by more than 7%. The Cable shows a similar drop to lead the bearish section.
I’m Jessica Walker and you’ve been watching Movers and Shakers for Monday. Click back tomorrow, but for now, goodbye.

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