29.11.2016 – Movers and Shakers by Dukascopy

By | November 29, 2016

Let’s find out what’s moving and shaking among the 8 major currencies at 3 PM GMT on this Tuesday.
Sterling/Yen has had an extremely bullish day, gaining 1.8% to post the day’s biggest move as the pair surged after 4 o’clock in the morning.
UK mortgage approvals rose and so did net lending to individuals and Sterling tops the advancers and decliners table.
New Zealand Dollar is the most bullish of the three commodity currencies on the table and it’s up against most of the rivals.
US GDP grew more than expected in the third quarter, further increasing likelihood of a December rate hike and Buck is having a bullish day.
Euro trades in a close range with the Swiss Franc.
Canadian current account deficit narrowed down, but less than expected and Loonie Dollar is followed closely by the Ozzy Dollar as Australian New Home Sales dropped by 8.5%.
Safe-haven Japanese Yen wraps up the advancers and decliners table.
Moving on to longer terms, Australia/Yen takes the top spot on the weekly bulls table with an increase of 3.61%. Euro/Australia has depreciated the most, standing 1.22% in the red.
Sterling/Yen has had a bullish month, gain exceeds 10% mark. Euro/Sterling is the top decliner with a drop of close to 5%.
I’m _____________ and that’s all for Tuesday’s Movers and shakers, but do click back tomorrow for the next report. Goodbye.

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