- 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: February 2, 2011
February 22011
Yen Weakens as Economic Recovery Progresses
The Japanese yen dropped today as the signs of the accelerating economic recovery decreased the attractiveness of the currency as a safe haven. The good economic data from all around the world reinforces optimism of traders, prompting them to leave safer assets in favor of higher-yielding ones. The forecasts, like the one predicting that the ADP Employer Services report will show an employment growth by 140,000 jobs, also support the good outlook. The MSCI Asia Pacific Index of regional […]
Read more
February 22011
Pound Extends Gains on Expanding Construction Sector
The Great Britain pound continued its rally today, rising for a third day against the US dollar, as the report showed that UK construction sector returned to growth in January. The Markit/CIPS Construction Purchasing Managersâ Index (seasonally adjusted) showed a solid expansion of activity in the UK construction sector, rising from 49.1 in December to 53.7 in January. Market participants expected a smaller growth to 49.8. One of the reasons for the improvement was better weather conditions […]
Read more
February 22011
EUR/USD Rally Stalled After Ireland’s Credit Rating Dropped
EUR/USD traded near its opening level, struggling to resume its rally after Standard & Poorâs downgraded Ireland’s credit rating. There was few economic data, but the employment change confirmed that the economic recovery in the US is underway. EUR/USD trades now at 1.3818. The ADP employment report came out today, showing an increase by 187k jobs in January. While it was lower than December value […]
Read more
February 22011
Lower Demand for Safety Saps Strength of Swiss Franc
The good reports from Europe, especially Germany and the general optimism about the global economy reduced demand for safer currencies, including the Swiss franc, which retreated versus the Euro. The franc rose against the US dollar. The Eurozone Purchasing Managers’ Index increased from 56.9 to 57.3 in January. The number of jobless people in Germany declined by 13,000, reaching the lowest level in 18 years. The jobless rate in Germany slid to 7.4 percent in January, compared […]
Read more
February 22011
Global Economic Recovery Reduces Demand for US Dollar
The US dollar weakened today as the signs that the global economic recovery gains momentum caused investors favor riskier assets over safer ones, reducing appeal of the US currency. The Markit Eurozone Manufacturing PMI rose to 57.3 in January, the highest level in 9 months, the growth being led by Germany and Australia. The index was expected to remain at the previous level of 56.9. The Standard & Poorâs 500 Index rose 1.7 percent, the Stoxx […]
Read more