- 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 15, 2012
October 152012
Euro Gains as Risk Appetite Makes an Appearance
Euro is gaining today, heading higher as risk appetite makes an appearance. There haven’t been many dramatic moves so far in trading, but the 17-nation currency is holding its own and logging gains. Right now, the euro is receiving support from improve risk appetite as the economic picture shows slight improvement in the United States on the heels of the latest retail sales data. With retail sales up in September, […]
Read more
October 152012
Rand Remains Weak After Credit Rating Downgrade
The South African rand weakened today as Standard & Poor’s reduced South Africa’s credit rating, following the wave of strikes in the country’s mining sector that may hurt the struggling African economy. S&P cut South Africa’s credit rating from BBB+ to BBB. The rating agency explained: The strikes in South Africa’s mining sector will likely feed into the political debate in the run-up to the 2014 elections. Additionally, S&P expects “that […]
Read more
October 152012
Canadian Dollar Gains Ground on Better than Expected US Data
Canadian dollar is gaining ground right now, thanks to economic data that is better than expected in the United States. Forex traders have been looking for signs that the global economic situation is improving, and the latest news is helping in that area. The United States showed that retail sales for September gained by 1.1 per cent. On top of that, August retail sales were revised upward to 1.2 […]
Read more
October 152012
Rupee Falls as China Spurs Worries
The Indian rupee fell today, leading other Asian currencies in losses, as concerns about global economic growth reduced willingness of investors to buy riskier currencies of emerging economies. China’s inflation slowed from 2.0 percent in August to 1.9 percent in September. The Producer Price Index slid 3.6 percent last month, more than was expected by analysts. The GDP report released later this week and it is expected to be […]
Read more
October 152012
Euro’s Rally Stalls
EUR/USD fell today after two sessions of gains as the situation with Spain remained uncertain. Poor economic data from China added to the negative sentiment on the Forex market. US retail sales were higher than expected, but the manufacturing index was not as good as analysts have predicted. Retail sales rose 1.1% in September, following the 1.2% increase in August (revised from 0.9%). The forecast moderate at 0.7%. (Event A on the chart.) […]
Read more