- 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: April 21, 2011
April 212011
Slower US Economy’s Growth Makes Dollar Weaker
The US dollar declined today as the macroeconomic reports showed that the economy of the US improved with slower pace than was anticipated. The Manufacturing Index of the Philadelphia Fed tumbled from 43.4 in March to 18.5 in April, while it was expected to go down to only 37.1. The index shows that the manufacturing still expands, but much slower. The unemployment claims decreased from 416,000 to 403,000 last week, while forecasts promised […]
Read more
April 212011
Gold Jumps Above $1,500, Helping South Africa’s Rand
The South African rand climbed today as gold continue to post new records and on speculation that the central bank will increase the interest rates. Gold rose 0.6 percent to $1,509, posting the seventh day of gains, as the inflation pressure and worsening confidence in the paper currencies attract investors to the precious metal. The FTSE/JSE Africa Gold Mining Index of five gold mining companies advanced 9.4 percent in March. The South African Reserve Bank may […]
Read more
April 212011
Franc at Record vs. Dollar on Bad US Economic Reports
The Swiss franc jumped to the record versus the US dollar after the macroeconomic data suggested that the economic growth in the US slowed. The Federal Reserve Bank of Philadelphia index of the manufacturing conditions slumped from 43.4 in March to 18.5 in April. The US jobless claims decreased to 403,000 last week, while analysts expected a decrease to 394,000. USD/CHF fell from 0.8879 to 0.8818 today as of 15:06 GMT after it reached earlier the record low […]
Read more
April 212011
EUR/USD Rises as US Manufacturing Growth Slows
EUR/USD jumped today, weakened later and now attempts to regain its strength. The fundamentals supported this move as the growth of the US manufacturing sector slowed significantly and the unemployment claims decreased less than forecast. The leading index was still positive, though. EUR/USD trades at about 1.4568 now after rising earlier as high as 1.4647. Initial jobless claims went down from 416k to 403k last week. Analysts pointed at 394k […]
Read more
April 212011
Aussie Jumps to New Record on Higher Export & Import Prices
The Australian dollar surged after the report showed that that the export and import prices rose in the first quarter of 2011, signaling that the economic recovery gains momentum. The Australian export prices surged 5.2 in the three month through March this year. The import prices rose 1.4 percent, following the drop by 3.8 percent in the previous quarter. The expected growth of the import prices was 0.8 percent. The MSCI World Index of stocks climbed […]
Read more