- 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: October 4, 2012
October 42012
ECB Eases Tensions, Sends Dollar Lower
The US dollar was weaker today against most major peers after the European Central Bank eased the risk aversion sentiment on the Forex market as it kept its policy unchanged and reiterated the plan to start buying short-term sovereign bonds. The US currency was little changed versus the Japanese yen. ECB President Mario Draghi left the main interest rate at 0.75 percent and repeated that the central bank is ready […]
Read more
October 42012
Pound Gains as BoE Keeps Policy Unchanged
The Great Britain pound strengthened after the Bank of England maintained its main interest rate and the size of the asset purchase program unchanged. Today’s rally followed yesterday’s drop to the lowest level in three weeks against the US dollar. The BoE left its key interest rate at 0.5 percent and the asset purchase facility at £375 billion. Such decision was expected as the central bank promised earlier that it will keep the policy […]
Read more
October 42012
Euro Gets Boost from Hope for the Eurozone
Euro is getting a boost today, thanks to improved hopes and expectations for the eurozone. The ECB made its interest rate announcement today, and that has calmed Forex traders to some degree, and boosted the optimism toward the 17-nation currency zone. Mario Draghi, in making the policy announcement about the ECB’s decision to keep interest rates the same, has praised the progress being made in the eurozone. He specifically cited Spain’s good progress, and he […]
Read more
October 42012
Loonie Gets Boost from Appearance of Risk Appetite
Loonie is heading higher against the greenback today, gaining as risk appetite makes an appearance. Canadian dollar is also finding support from commodities today. Today, the ECB announced that it is going to hold the line on interest rates for now, and ECB President Mario Draghi said that the bond buying program it has implemented has been instrumental in easing tensions. This has prompted some risk […]
Read more
October 42012
Australian Retail Sales Miss Expectations, Aussie Touches Monthly Low
The Australian dollar touched the lowest level in a month against its US counterpart today after nation’s retail sales rose less than market participants have expected. The currency managed to rebound after the initial drop and currently trades near its opening level. Australian retail sales rose 0.2 percent in August, while traders have hoped for an increase by 0.5 percent. The data added to concerns caused by yesterday’s poor report […]
Read more
October 42012
Draghi Talks About Bond Buying, Sending EUR/USD to Upside
EUR/USD soared today after the European Central Bank kept its interest rates unchanged and ECB President Mario Draghi said on the press-conference that the central bank is ready to start its bond purchasing program. (Event A on the chart.) The currency pair turned down after the minutes of the Federal Reserve’s policy meeting confirmed that almost all policy makers deem stimulus as a necessity. Yet, as of now, the euro kept most of its […]
Read more