- 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: December 7, 2010
December 72010
Sterling Strengthens with Growing Retail Sales & Manufacturing
The Great Britain pound rose today as the UK retail sales in November and Britain’s manufacturing in October in increased more than was forecast. The UK retail sales grew 0.7 percent in November, following the 0.8 percent growth in October. The UK manufacturing output increased by 0.6 percent in October. It rose by 0.2 percent in September and was expected to increase by 0.4 percent last month. GBP/USD went up from 1.5714 to 1.5783 as of 12:37 […]
Read more
December 72010
Dollar Weakens as Obama Extends Tax Cuts
The US dollar weakened today as the investors’ demand shifted from the safer currencies to the higher-yielding ones after the US President Barack Obama said he’s going to sustain the tax cuts. The middle-class tax cuts, introduced by the administration of George W. Bush, were set to increase on December 31st. The news about prolonging of the tax cuts spurred the markets: the MSCI World Index of stocks went up 0.4 percent and the Stoxx Europe 600 Index […]
Read more
December 72010
Hedging Currency Risks with Online Forex Trading
No, this post isn’t about profiting from Forex by using the “hedging” (grid) strategies. Two weeks ago I’ve asked my readers about their thoughts on trading Forex without stop-loss and, while I still believe that it’s generally a very bad idea, there is at least one case when trading without a stop-loss is very important — hedging. Forex market isn’t only a good place to make […]
Read more
December 72010
Yen Gains as China’s Economy Slows & Debt Crisis Threatens EU
The Japanese yen gained today as the concerns about the European debt troubles intensified and China continues the attempts to slow its economy, increasing demand for the safer currencies. The finance ministers from the countries of the European Union are scheduled to meet today in order to formally approve the bailout package for Ireland, which was announced in the previous month. They also will discuss the outlook for Portugal. On the yesterday’s meeting the EU leaders were divided in their opinion […]
Read more
December 72010
No More Rates Hike Expected — USD/CAD Goes Up
The Canadian dollar fell today against its US counterpart on the speculation that the Canadian central bank wouldn’t rise the interest rates on the tomorrow’s meeting. The euro was weakening today against other currencies, including the Canadian dollar. The Bank of Canada kept the interest rates unchanged, following the three consecutive increases, because of the weaker economy of the US, the main Canada’s trading partner. The analysts don’t think that the situation improved in any noticeable […]
Read more