- 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 14, 2011
December 142011
Rate Cut Sends Norwegian Krone Lower
The Norwegian krone is lower on the Forex market today, thanks in large part to a rate cut. Norges Bank cut interest rates for the first time since 2009, and the move is an indication that the economic situation in Norway may not be very strong. Norges cut the interest rate from 2.25 percent to 1.75 percent, a reasonably hefty rate reduction in response to the growing concerns about Europe. Norway had been seeing […]
Read more
December 142011
Euro Tanking as Costs of Italian and Spanish Debt Rise
Euro is tanking today, moving below the psychologically important 1.30 level as funding pressures continue for some eurozone countries. Italian and Spanish debts are more expensive, and European Union leaders are still struggling with a solution that will improve the current situation, as well as prevent future crises. So far, attempts to come up with a real solution to European funding problems have failed. European Union countries […]
Read more
December 142011
Chile’s Peso Goes Higher After Central Bank Maintains Key Interest Rate
The Chilean peso rose today before returning to the opening price after Chile’s central bank kept the main interest rate unchanged for the sixth time, but analysts speculate that the adverse economic conditions still may spur the bank to lower the rates. Yesterday, the Central Bank of Chile decided that it’s prudent to keep the monetary policy interest rate at 5.25 percent. Economists predict that the central bank may yet lower […]
Read more
December 142011
Aussie Trades Flat, Australian Consumers Pessimistic
The Australian dollar traded flat today with upward bias even though the report showed an unexpected drop of the consumer sentiment in Australia. The same pattern of sideways trading was seen yesterday in the first half of the trading session, but later most currencies have broken to the downside. Currently it’s hard to tell whether the Forex market would see such breakout today. It’s true that the fundamentals aren’t very good for the Australian […]
Read more
December 142011
EUR/USD Slips as Italian & Spanish Borrowing Costs Grow
EUR/USD slipped today as costs of Italy’s and Spain’s debt increased. The currency pair followed yesterday’s patter: it was moving sideways in the first half of session, but broken down in the second half. The US import and export prices report left mixed feelings. It was noticeably better than the data in the previous month, but worse that the market expectations. US import and export prices rose on November. Import prices increased […]
Read more
December 142011
Loonie Weakens as Fed Doesn’t Announce QE3
The Canadian dollar fell yesterday and remained weak today after the US Federal Reserve refrained from performing another round of quantitative easing, supporting the US currency. The negative sentiment about Europe also continues to put downward pressure on Canada’s currency. The Federal Open Market Committee performed yesterday its last meeting this year. The FOMC reiterated its pledge to keep the interest rates exceptionally low, but didn’t mention […]
Read more