- 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: November 3, 2010
November 32010
Britain’s Services PMI Report Supports Pound
The report today showed the unexpected growth of Britain’s services PMI, helping the Great Britain pound to gain and causing the speculation that the central bank would keep its policy unchanged tomorrow. Britain’s Services Purchasing Managers’ Index grew to 53.2 in October from 52.8 in September, while the analysts predicted the decline to 52.4. The good economic data caused the speculation that the Bank of England wouldn’t follow the US Federal Reserve into the quantitative […]
Read more
November 32010
New Zealand Dollar Strengthens Before Fed Meeting
The New Zealand dollar rose against its US counterpart on the speculation that the US Federal Reserve would announce today the next round of the quantitative easing. The greenback weakened against the higher-yielding currencies, including the New Zealand one, as the market participants anticipate the Fed to announce its asset-purchase plans today. There’s the risk, of course, that the Fed would surprise everybody and wouldn’t perform the easing or the stimulus wouldn’t be that big. Such […]
Read more
November 32010
EUR/USD Rise as Fed Announces Quantitative Easing
Economic reports from the US were rather beneficial for the dollar today, but their influence was outweighed by the announcement of the quantitative easing by the Federal Reserve. EUR/USD surged and is likely to rise further. EUR/USD trades now at 1.4132. ADP employment rate increased by 43k from September to October on a seasonally adjusted basis. Forex traders expected a smaller advance to 21k. The estimated change of employment from August to September was revised up […]
Read more
November 32010
Pound Weakens on Slower Construction Growth
The Great pound dropped against the euro, erasing the two-day gains, after the report showed the slower construction growth, reinforcing the concerns for Britain’s economy and the outlook for the quantitative easing by the Bank of England. The Construction Purchasing Managers’ Index dropped from 53.8 in September to 51.6 in October. The much smaller decline to 53.1 was expected. The report somewhat muted the impact of the positive economic data last week on the outlook for the UK economy. The Bank of England should set […]
Read more