- 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: September 4, 2012
September 42012
Euro Loses Gains on Profit-Taking
Hopes for the coming European Central Bank policy meeting were driving the euro higher today. Yet the rally stalled and then failed completely. As a result, the shared 17-nation currency ended the trading session in the negative territory. The euro was rising during the first half of the trading session. ECB President Mario Draghi explained yesterday his plans to start a bond-buying program. Additionally, most analysts predict that the ECB will reduce its […]
Read more
September 42012
Won Weakens as US Data Hurts Risk Appetite
The South Korean won weakened today after the US macroeconomic data came out weaker than was predicted by market analysts, reducing demand for riskier currencies among Forex traders. Earlier, Forex traders were more optimistic as European Central Bank President Mario Draghi said that the central bank may start purchases of 3-year bonds. ISM manufacturing PMI remained below the neutral 50.0 mark, which was […]
Read more
September 42012
Franc Weakened by Falling Swiss GDP
The Swiss franc, which is virtually pegged to the euro, did not follow the shared European currency in gains today. The unexpected decline of the Swiss economy spurred speculations that the Swiss National Bank will maintain the ceiling for the franc. Swiss gross domestic product fell 0.1 percent in the second quarter of 2012 from the first quarter, when it rose 0.5 percent. Analysts predicted 0.2 percent growth. Yesterday, SNB President […]
Read more
September 42012
Aussie Retains Upper Hand on Upbeat RBA
Australian dollar is retaining the upper hand against its major counterparts in currency trading as the Reserve Bank of Australia remains upbeat about the economic situation. The RBA left Australian interest rates unchanged at 3.50 per cent, and delivered its policy statement in a tone that was much less pessimistic than expected. Indeed, economists had expected a little more disappointment about the economy, and were surprised that the policy statement […]
Read more
September 42012
UK Pound Weakens on Uncertainty
UK pound is weakening right now on uncertainty. Concerns about what’s next for the British economy, as well as speculation about what will happen with the eurozone, are weighing on the pound today. Yesterday, the pound got a bit of a boost after the manufacturing PMI came in higher than expected. British manufacturing PMI came in at 49.5 in August, representing an increase from July’s 45.2. The number still represents a contraction (it’s below 50), […]
Read more
September 42012
EUR/USD Rallies Ahead of ECB Meeting, Erases Gains
EUR/USD was rising today, but erased its gains later and currently trades a little below the opening price. The earlier rally was caused by speculations that the European Central Bank will cut its interest rates and announce a bond buying program after the policy meeting on Thursday. The news from the United States was not encouraging. ISM data continued to show decline for manufacturing and construction spending unexpectedly fell. ISM […]
Read more