- 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 18, 2012
October 182012
AUD/JPY Advances, AUD/USD Snaps Gains
The Australian dollar gained against the Japanese yen today after macroeconomic data showed that China’s economy is stabilizing. The Aussie also advanced versus the US dollar, but later pared its gains. China’s industrial production rose 9.2 percent and retails sales grew 14.2 percent in September from a year ago. Market expectations were at 9.0 percent and 13.2 percent respectively. At the same time, nation’s economic growth […]
Read more
October 182012
Yen Weakens, Even as Risk Appetite Fades
Even though the risk rally is showing signs of slowing, the Japanese yen still remains weaker against other majors. Yen just doesn’t have the same excitement going for it. Plus, Japanese leaders recently promised to help keep the yen weak in order to stimulate the economy. It’s an interesting situation right now. The recent risk rally is fading as eurozone fears return, and as Morgan Stanley reports a huge quarterly loss […]
Read more
October 182012
Krona Rises as Ingves Speaks About Dangers of Low Interest Rates
The Swedish krona rose today as Riksbank Governor Stefan Ingves talked about dangers of extremely low interest rates. Forex market participants interpreted the comments as a hint that the central bank will not lower borrowing costs in the near future. There were demands for the central bank to lower lending rates as a measure for battling rising unemployment. In a response, Ingves said that he cannot stick to short-term perspective and explained long-term dangers […]
Read more
October 182012
US Dollar Gains as Earlier Risk Appetite Fades
US dollar is gaining ground right now, thanks to fading risk appetite. Earlier, risk appetite pushed Asian stocks higher, and helped high beta currencies. Now, though, risk appetite is fading and Forex traders are turning to the safety of the greenback. Earlier, with the help of a higher S&P 500, and thanks to optimism about Europe, high beta currencies had the upper hand. However, that risk appetite is […]
Read more
October 182012
EUR/USD Retreats as EU Summit Commences
EUR/USD pulled back today, following the two-day rally. The European Union economic summit is held today, giving hopes for euro bulls. The US data was mixed today. Jobless claims rose more than expected, but the manufacturing index was surprisingly good. Initial jobless claims went up from 342k to 388k last week. The jump was much bigger than analysts have anticipated as the forecast figure […]
Read more
October 182012
Pound’s Gains Followed BoE Minutes
Some positive news for the pound came from Great Britain, allowing the currency rise against the Japanese yen. The sterling was also higher versus the US dollar yesterday, but pulled back today. The currency extended its downfall against the euro. The Bank of England released the minutes of its last monetary policy minutes yesterday. The minutes showed that the central bank’s policy makers were divided in their opinion about the effect […]
Read more
October 182012
Canadian Dollar Snaps Three-Day Drop
The Canadian dollar jumped yesterday, snapping the three-day decline against its US peer, and maintained its gains today as risk appetite on the Forex markets resulted in gains for currencies tied to growth. FX traders were drawn toward currencies with higher yield and that helped to stop the loonie’s rally to the downside. Hopes that Europe will be able to resolve its difficulties helped to lift mood of speculators. Positive data from […]
Read more