- 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: November 15, 2012
November 152012
Yuan Weakens After Change of China’s Leader
The Chinese yuan weakened today as the nation’s central bank set its reference rate lower. Speculators were less willing to buy the currency as the change of China’s leadership makes the future currency policy of the country unclear. The People’s Bank of China set the daily fixing at 6.2905 per dollar, 1.04 percent lower than yesterdayâs closing level of 6.2252. The currency is allowed to diverge 1 percent in either direction from the fixing. Xi […]
Read more
November 152012
UK Pound Struggles on Latest Economic Data
UK pound is struggling with the release of the latest data, but it is still maintaining the upper hand against the US dollar, which is falling as concerns about continued easing weigh on the greenback. The UK economy continues to struggle, and Mervyn King is calling for more stimulus from the Bank of England. Bank of England Governor Mervyn King has indicated that more stimulus might be on the way. The belief that […]
Read more
November 152012
Rand Drops as Protests in South Africa Spook Investors
The South African rand weakened today as strikes continue to plague the country, now in the agricultural sector, spooking investors away from South African assets. Protests in the grape-growing Western Cape province, which have started last week, already led to one fatality. The unrest followed mining strikes that caused 46 deaths. Such events certainly do not make the country attractive to investors, reducing value of its assets. USD/ZAR […]
Read more
November 152012
US Dollar Lower for Now
US dollar is lower for now, even though there appears to be a lot of data that is likely to weigh on high beta currencies and turn the situation around. For now, the greenback is down against most of its major counterparts, and risk appetite is still a factor for Forex traders. Right now, risk appetite is still seen, and high beta currencies are fighting to maintain earlier gains made against […]
Read more
November 152012
EUR/USD Still Ignores Fundamentals
EUR/USD extended its rally today even as a report showed that the eurozone remains in recession. (Event A on the chart.) The data from the United States was somewhat mixed. That was especially noticeable in two manufacturing indices, which showed totally different performance. Most reports were worse than expected though. Initial jobless claims jumped from 361k (revised from 355k) to 439k (seasonally adjusted) last week. Much […]
Read more
November 152012
Yen Drops on Speculations About Elections in Japan
The Japanese yen dropped yesterday and maintained its losses today on speculation that the likely victory of the opposition party in the coming elections will lead to further interventions from policy makers in order to support the economy. Japanese Prime Minister Yoshihiko Noda hinted yesterday that he may dissolve the parliament, triggering elections. Analysts believe that the elections will favor the opposition Liberal Democratic Party. The party’s leader Shinzo Abe called […]
Read more