- 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 12, 2012
July 122012
Fears of Recession in UK Weaken Pound
The Great Britain pound dropped today on fears that the United Kingdom may slip into recession as economic indicators signal that the economy is slowing and austerity measures deter growth. The problems in Europe may have boosted demand for the sterling a safe haven, but they have a negative impact on economies all around the world and Britain is not immune. In fact, being the member of the European Union, the UK is heavily exposed […]
Read more
July 122012
Brazilian Real Goes Down as Central Bank Cuts Selic Rate
The Brazilian real fell today as Brazil’s central bank cut its key Selic rate yesterday. The general mood on the Forex market was not positive for commodities with higher yield, driving the real further down. The Banco Central do Brasil lowered its main interest rate by 0.5 percentage point to 8.0 percent. The central bank explained in its statement that because of “fragility of the global economy, the contribution of the external sector […]
Read more
July 122012
Is the Euro/Dollar Headed for 1.20?
The euro is dropping today — a rapid drop against the US dollar. Euro is losing ground on concerns about what’s next for the eurozone, but there are also concerns about how China’s slowing growth, as well as the lack of growth in reserves, are affecting the 17-nation currency. Better economic for the eurozone isn’t helping much today. Indeed, analysts expected a 3.2% decline in May industrial data for the eurozone; instead, the decline was […]
Read more
July 122012
Japanese Yen Higher on Risk Aversion and Higher Yield
Japanese yen is higher today, gaining against other majors as risk aversion sets in, and as the yield offered by the currency suddenly becomes competitive. The latest developments have Forex traders looking for safe haven, and the bonus is that the Japanese yield is relatively high when compared with some of its major counterparts. Right now, concerns about the global economy, and uncertainty about the situation in the eurozone, are weighing on markets. […]
Read more
July 122012
EUR/USD Falls to Two-Year Low
EUR/USD continued to fall today, reaching the lowest level in two years. In the United States, on one hand, import and export prices fell last month. On the other hand, unemployment claims declined last month and the federal budget balance posted much smaller deficit than was expected. Initial jobless claims fell to 350k last week (seasonally adjusted), while they were expected to stay at the previous week’s level of 376k. (Event […]
Read more
July 122012
NZ Dollar Falls as Outlook for US Economic Growth Worsens
The New Zealand dollar fell today, following yesterday’s gains, after the minutes of the Federal Reserve monetary policy meeting showed that the central bank’s policy makers were concerned about the economic slowdown in the United States. The worsening outlook for US economic growth added to concerns caused by the slowdown of China’s expansion and the recession in Europe. The members of the Federal Open Market Committee talked about signs of weakening economic activity in the United States: The information […]
Read more