- 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: October 3, 2011
October 32011
Franc Drops as Swiss Economy Weakens
The dropped today as the macroeconomic reports showed Switzerland’s economy experiences problems, spurring the speculation about yen another intervention by the nation’s central bank. This week started with the bunch of negative reports. The retail sales in Switzerland fell 1.9 percent year-on-year in August, compared to the overly optimistic forecast of a 4.5 percent increase. The SVME PMI fell from 51.7 in August to 48.2 in September. Reading below 50.0 indicates decline. Last week […]
Read more
October 32011
CAD Jumps vs. EUR, Falls vs. Safer Currencies
The Canadian dollar climbed against the euro today as the favorable macroeconomic data made the Canadian currency more attractive to investors than the European one. On the other hand, the loonie fell against the US dollar and the yen. The ISM manufacturing PMI rose from 50.6 in August to 51.6 in September. The construction spending in the United States expanded 1.4 percent in August, following the decline with the same 1.4 percent rate in July. Most of Canada’s exports go […]
Read more
October 32011
Euro Struggles Far From Over
Euro touched a 10-year low today against the yen, and managed to lose ground against the US dollar and the UK pound as well. Most of the bad news for the eurozone resides in the news that Greece will not hit its deficit target this year. Greece’s announcement that it will miss its target, amidst continued talk about more bailouts, has default talk starting up again. The idea of a Greek default […]
Read more
October 32011
Australian Dollar Slides on Eurozone and Asian Stocks
Asian stocks ended Monday’s session lower, and eurozone fears continue to provide reason for concern. As a result, the Australian dollar is sliding, even hitting new 2011 lows during trading. Indeed, this is a new development for the Aussie, which has seemed almost impervious to trouble throughout much of the year. The Australian dollar avoided big losses during the Middle East riots, the US debt downgrade and previous Greek worries. Now, […]
Read more
October 32011
RTATC2011 — Day 10 — ATC 2011 Has Started!
Like you all probably know already, the ATC 2011 contest has started today. A total of 395 expert advisors will now be competing until December 23. The winner is currently showing about $2,000 profit. My expert advisor is currently showing a loss due to the EUR/AUD pair. A big disadvantage of the fixed position size (3 lots) that it uses in comparison to fixed fractional position sizing is […]
Read more
October 32011
Greece Threatened by Default, EUR/USD Fluctuates
EUR/USD fluctuated today, resulting in almost no change from the opening rate at the present time. The threat of a default in Greece continues to undermine the confidence in the shared European currency, boosting the dollar at the same time. Today’s reports reduced concerns about the economy of the US as manufacturing PMI and construction spending were well above expectations. ISM manufacturing PMI rose to 51.6% in September from 50.6% in August, while the index was expected to be little […]
Read more
October 32011
Pound Falls, Slows Decline as Manufacturing Expands
The Great Britain pound fell today as analysts predicted the report would show that the manufacturing in the UK contracted last month. The currency slowed the decline after the actual report showed the manufacturing expanded. The Manufacturing Purchasing Managers’ Index rose to 51.1 in September from the revised August value of 49.4. Economists predicted a reading of 48.9. The report wasn’t all positive, though, as it said the rate of growth is “well below” the rate in the first […]
Read more
October 32011
US Dollar Corrects After Monthly Gains
The US dollar corrected today after it rallied in September despite the downgrade of the US credit rating by Standard and Poor’s in August and the speculation the US policy makers are debasing the currency’s strength. The dollar gained against all 16 of most-traded currencies for the first month in three years in September. The greenback also outperformed stocks and commodities for the first time since May. The currency of the North American nation had the best quarter against the euro in more […]
Read more