- 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: July 6, 2012
July 62012
Canadian Dollar Suffers from Risk Aversion on FX Market
The Canadian dollar dropped today after worse-than-expected US non-farm payrolls put the Forex market in risk-off mode, hurting currencies that are tied to commodities and economic growth. Unsurprisingly, the Canadian currency outperformed the euro. US employers added 80,000 jobs in June. That was below the anticipated figure of 97,000. Markets reacted negatively to the data. Crude oil dropped as much as 3.5 percent to $84.14 per barrel. The Standard & Poorâs […]
Read more
July 62012
Rupee Down as Risk Aversions Makes Appearance Again
The Indian rupee fell today as optimism caused by last week’s European summit was all but gone from the Forex market and signs of global economic slowdown drove away investors from riskier currencies of emerging markets. Last two days of this week were very bad for higher-yielding assets. Quinten Bertenshaw, an analyst at Tradition Analytics, said after today’s US non-farm payrolls: The markets have responded negatively in what […]
Read more
July 62012
US Dollar Heads Higher as Uncertainties Abound
US dollar is heading higher today, thanks in large part to uncertainties about what’s next for the global economy. Everything seems to be slowing, and concerns about what’s next for the eurozone are taking center stage again. With all the worries, Forex traders are turning to the US dollar as a safe haven. Earlier today, the US non-farm payrolls report for June was released. The result was somewhat disappointing. Even though […]
Read more
July 62012
Rand Drops as US Non-farm Payrolls Spark Fear on FX Market
The South African rand dropped today after worse-than-expected US non-farm payrolls fueled fear among investors that global economic growth stalled. Today’s decline erased all gains that the currency has got earlier this week. US employers added fewer jobs last month than market participants hoped for. The negative data added to concerns, caused by yesterday’s interest rate cuts by various central banks. […]
Read more
July 62012
Euro Drops as Spanish Bond Yields Surge
All the optimism from last week’s EU summit announcement seems to have drained away. Now, the euro is heading lower on concerns about sovereign debt. Nothing seems to have changed, and Spanish bond yields are surging, once again sparking fears that the country will be unable to handle its debt. Euro isn’t getting much help from the ECB, either, and that has many concerned. Yesterday, […]
Read more
July 62012
EUR/USD Drops for Third Day on US Nonfarm Payrolls
EUR/USD dropped today, falling for the third consecutive session, after US nonfarm payrolls came out worse than expected. The poor data increases probability of QE3 from the Federal Reserve, which would weaken the dollar. For now, though, the report sparked fear among investors that led to rising demand for safe assets, including the US currency. Nonfarm payrolls demonstrated growth by 80k in June, near the 77k rate of growth in May, […]
Read more