- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: July 8, 2010
July 82010
Gains & Losses of U.S. Dollar Today
The U.S. dollar strengthened against the Great Britain pound and the Japanese yen, in the same time the greenback weakened versus the euro, as the macroeconomic indicators posted the mixed set of results today. The unemployment claims pleasantly surprised the market participants, declining to 454,000 in the previous week, compared to the median forecast of 461,000. The consumer credit contracted by $9.1 billion, compared to the expected value of $1.9 billion. The labor market showed signs of improvement, yet the improvement expected to be […]
Read more
July 82010
Euro Rises on Growth Outlook
The euro rose today to $1.27 for the first time since May 12th and gained versus the Japanese yen after the International Monetary Fund and the ECB President Jean-Claude Trichet said that the global economic growth accelerates. The shared 16-nation European currency also strengthened on the speculation that the planned stress tests for the European banks might assume the loss of 17 percent on the Greek bonds, less then expected by some investors. According to the IMF forecast, […]
Read more
July 82010
Great Britain Pound Falls on Concerns About Budget Cuts
The Great Britain pound fell today against the U.S. dollar and some other major currencies as the macroeconomic indicators spurred the concern that the budget cuts would hurt the Britain’s economy. According to the Halifax Home Price Index, the house prices fell by 0.6% in June following a similar decline in May, while the economists expected the prices to rise by the same value. The analysts think that the previous gains of the sterling have raised the currency too high, […]
Read more
July 82010
Losses of Japanese Yen Continue for Yet Another Day
The Japanese yen extended its losses today as the European and Asian equities rose, supporting the positive outlook for the global growth and decreasing the demand for the safe currencies. The Stoxx Europe 600 Index added 0.7 percent and the MSCI Asia Pacific Index of shares rallied 1.8 percent. The International Monetary Fund forecast that the global economy will grew by 4.6 percent this year, compared with the April forecast of 4.2 percent. USD/JPY traded […]
Read more
July 82010
EUR/USD Rallies as U.S. Economy Might Trail Global Growth
EUR/USD currency pair extended its rally today for a third straight day as forecasts promise faster global economic growth, while the U.S. growth shows signs of slowdown. While the report about the jobless claims were a pleasant surprise, the non-manufacturing sector and the data about consumer credit showed a much worse numbers than was anticipated. Initial jobless claims posted a surprisingly favorable reading, a decrease to 454k in the week ending July […]
Read more