- 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: December 4, 2012
December 42012
CAD Gains as BoC Leaves Rates Stable, Downside Pressure Remains
The Canadian dollar gained versus its US counterpart and trimmed the losses against the euro and the Japanese yen today after the Bank of Canada left its target overnight rate stable and continued to speak about future interest rate hikes. The BoC kept its main interest rate at 1 percent at today’s policy meeting. Such decision was expected by market participants. The central bank noted in the accompanying statement that “over time, […]
Read more
December 42012
Sterling Weak amid Poor Fundamentals & Lack of Safety Demand
The Great Britain pound erased its earlier gains versus the US dollar and fell against the euro and the Japanese yen today on poor fundamental data and lack of demand for the safety of the currency. Earlier, the sterling reached a monthly high against the greenback. The construction Purchasing Managers’ Index fell from 50.9 in October to 49.3 in November (adjusted for seasonal factors), indicating decline of the sector. Analysts have though that the index would stay little changed […]
Read more
December 42012
Canadian Dollar Rises on Interest Rate Speculation
Canadian dollar is getting a boost today, rising as Forex traders await the next interest rate announcement from the Bank of Canada. The Bank of Canada is expected to leave its key benchmark at one per cent, and there isn’t expected to be any big news about future intentions for the rate. Indeed, some think that there won’t be any change in Canadian rate for at least another 12 months. This […]
Read more
December 42012
US Dollar Heads Lower on Returning Risk Appetite
Forex traders and investors are seeking alpha right now, and that means that the US dollar is headed lower. With risk appetite making an appearance, high beta currencies are preferred to the greenback right now. There is an interesting state of affairs right now, with emerging markets getting a boost. As China shows signs of accelerating its own market success along with other emerging markets, the US […]
Read more
December 42012
Euro Strong vs. Dollar, Weak vs. Yen
The euro climbed against the US dollar today on optimism for the Greek bond-buyback program and the macroeconomic data, which was better than expected. At the same time, the shared 17-nation currency fell versus the Japanese yen. The Greek Public Debt Management Agency said that it is going to spend â¬10 billion at the modified Dutch auction to buy back the government debt. The eurozone Producer Price Index was up 0.1 percent in October […]
Read more
December 42012
AUD/USD & AUD/JPY Jump After RBA Cuts Rates
The Australian dollar jumped against its US peer and the Japanese yen today after the Reserve Bank of Australia decided to cut its main cash rate to boost economic growth. The RBA slashed its key interest rate by 25 basis points to 3 percent today. The Governor Glenn Stevens commented about the decision in the statement: This will help to foster sustainable growth in demand and inflation outcomes consistent with the target over […]
Read more
December 42012
Pound in Danger Despite Positive Fundamentals?
The Great Britain pound advanced today as the manufacturing data was better than expected, adding to evidence that the UK economy is able to recover from the recession. Yet market analysts believe that the currency is in danger as traders’ view on the situation in the eurozone has improved. The manufacturing Purchasing Managers’ Index stood at 49.1 in November, rising from the October’s 47.3, which was the lowest level in three months. Analysts have expected […]
Read more