- 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: January 28, 2011
January 282011
Tension in Egypt Spurs Demand for Safety, Helps Swiss Franc
The Swiss franc rallied today as the political unrest in Egypt increased demand for safety as it threatens oil supply and may cause of wave of riots in Africa. Egyptians went on demonstrations with demands to end the 30-year rule of President Hosni Mubarak. Mubarak imposed a curfew in an attempt to prevent clashes between police and the protesters. Police detained senior leaders of the Muslim Brotherhood and were firing tear gas as demonstrators were throwing rocks at police trucks. […]
Read more
January 282011
Britain’s Pound Goes Down as Consumer Confidence Slumps
The Great Britain pound were attempting to advance on the previous two days, but the potential rally was cut short as the consumer UK confidence experienced a significant decline. The GfK NOP Consumer Confidence Index has dropped eight points this month to -29, the lowest figure since March 2009, when it was -30. Nick Moon, MD of GfK NOP Social Research, commented on this reading: Januaryâs eight point […]
Read more
January 282011
Malaysian Ringgit Decline with Asian Stocks
The Malaysian ringgit dropped today after the Asian stocks declined as the Standard & Poor’s downgraded Japan’s credit rating and commodities went down. The MSCI Asia Pacific Index dropped 0.7 percent to 137.30 as of 17:17 in Tokyo. Last week the index posted its first weekly drop in a year and a half on the concerns that China would continue its attempts to stem the economic growth. USD/MYR went up from 3.0540 to 3.0555 as of 09:52 […]
Read more
January 282011
EUR/USD Snaps Rally on Good US GDP & Consumer Sentiment
EUR/USD dropped today after it was rallying for more than a week. The US economic growth, while a little slower than was anticipated, is still good and consumer sentiment gradually improves. The currency pair rose at the beginning of the trading session, but later was mostly falling. EUR/USD trades now at 1.3657. US GDP, according to the advance estimate, increased at an annual rate of 3.2% in the fourth quarter of 2010. While the increase […]
Read more
January 282011
AUD Down as Flood Levy May Cause Pause for Rates Hikes
The Australian dollar took a beating today on the speculation that the interest rates may be put on hold for an extended period as the government proposed a levy to support the economy, hurt by the catastrophic floods. Rains in Queensland state of Australia continue for almost two months, harming crops, mines, infrastructure, damaging economy and taking human lives. Australia’s Prime Minister Julia Gillard said that the flooding will cost the nation about A$5.6 billion ($5.6 […]
Read more
January 282011
Canadian Dollar Falls with Crude Oil Prices After Rally
The Canadian dollar declined today versus its US counterpart as crude oil prices dropped and the reports from the US showed some poor macroeconomic data after it rallied with stronger stocks and rising copper prices. March delivery for crude oil, the main Canadian export dropped 1.9 percent to $85.68 per barrel on the New York Mercantile Exchange. That was the lowest level in eight weeks. The bad reports about […]
Read more