- 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: June 18, 2012
June 182012
Australian Dollar Rises Even Amid Negative Sentiment on FX Market
The Australian dollar rebounded today even as downbeat mood among Forex market participants sapped demand for riskier currencies tied to commodities. Europe continues to exert its negative influence on markets across the world. Commodities felt that influence as was shown by the Standard & Poorâs GSCI Index of 24 raw materials that fell 0.2 percent. It could be expected that commodity currencies decline in such an environment. Yet […]
Read more
June 182012
CAD Drops as Poor Market Sentiment Slashes Appeal of Risky Assets
The Canadian dollar fell against its US peer today as negative Forex market sentiment damped demand for riskier assets. The currency managed to rise versus the euro and, surprisingly, to stay flat against the Japanese yen. Fears about the possible collapse of the eurozone rule the Forex market even as Greece is not going to leave the currency union, at least for now. The Group of Twenty started a meeting today to discuss the problems of Europe, but […]
Read more
June 182012
Real Declines as Analysts Lower GDP Forecast
The Brazilian real declined today as analysts lowered forecast for the country’s economic growth and fears about the futures of the eurozone returned after the initial optimism caused by the outcome of the Greek elections. Economists predict that Brazilian gross domestic product would grow 2.3 percent this year, while the consensus forecast was at 2.53 percent just a week ago. That is compared to the 2.7 percent advance in 2011. The yield for Spain’s bonds maturing […]
Read more
June 182012
Yen Falls After Greek Elections, Pares Losses
The Japanese yen fell today after the victory of a pro-bailout party in Greece spurred risk appetite among investors. The positive sentiment was short-lived, though, and the currency pared its losses. The pro-bailout New Democracy party came at the Greek elections this weekend. Now, the political parties that prefer to stay at the eurozone make up a majority in the parliament and can form a coalition government. The problem is that real difficulties of the indebted country remain […]
Read more
June 182012
US Dollar Higher as Uncertainty Grows
US dollar is higher as uncertainty grows in the eurozone. Concern about what’s next for the eurozone, and for the US economy, is the highlight as we start the week out, and that is providing a boost for the greenback as a safe haven. Forex traders are trying to wrap their heads around what’s happening right now, and the US dollar is higher as everyone takes a step back. Risk appetite did make an appearance earlier, with the announcement […]
Read more
June 182012
Pro-Bailout Politicians Win in Greece; Euro Down Anyway
Even though pro-bailout politicians won in the Greek elections over the weekend, the euro is heading lower against its major counterparts. Relief over the outcome in Greece gave the euro a boost earlier, but that quickly gave way as the spotlight turned to shine on Italy and Spain. Now that the Greek situation looks to be largely resolved, and many expect that the conservative majority politicians will be able to form a government, Forex […]
Read more
June 182012
Anything About Forex That You Cannot Comprehend?
The less discussed but nonetheless important feature of the foreign exchange market is that it has such a strong attractive power that many non-professional traders rush to jump into live account trading as soon as possible. Even with only superficial knowledge of the market’s underlying mechanics. Needless to say that it is a rather wrong thing to do. Like in every other field of expertise, FX requires complete understanding […]
Read more