- 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: May 6, 2013
May 62013
Another Good Week for GBP?
The Great Britain pound felt itself strong recently, but was a bit soft at the start of today’s trading session. Will the currency be able to maintain its rally this week? Britain’s economy emerged from recession and the sterling was rallying since then. Last week was the week of strength as all Purchasing Managers’ Indices (manufacturing, construction and services) were good. This week’s reports are also expected to be […]
Read more
May 62013
Mario Draghi Drags on the Euro
ECB President Mario Draghi’s remarks on the euro and the eurozone economy are weighing on the 17-nation currency today. Insisting that monetary policy will continue to accommodate the economic conditions, Draghi’s remarks are weighing on the euro, sending it lower against its major counterparts. The President of the European Central Bank, Mario Draghi, said earlier that eurozone policymakers stand ready to take action that will boost growth in the eurozone. With […]
Read more
May 62013
US Dollar Gains Ground on Risk Aversion; Ready to Test 100-Yen Mark
US dollar is gaining ground today, heading higher on risk aversion, and gaining strength from the fact that the economic recovery seems to be progressing. Many Forex traders are especially interested in the dollar’s performance against the yen; it looks as though the greenback is ready to test the 100-yen level again. With equities struggling today, there is a bit of risk aversion, and that is helping the greenback against its […]
Read more
May 62013
Aussie Drops Ahead of RBA Meeting as Retail Sales Contract
The Australian dollar dropped today after retail sales unpleasantly surprised Forex market participants by falling in March. The negative data spurred talks about potential interest rate cut by the Reserve Bank of Australia. Retail sales shrank 0.4 percent on a seasonally adjusted basis in March after rising 1.3 percent in February. Traders have hoped for an increase by 0.2 percent. The RBA conducts meeting tomorrow. Analysts do not expect the central […]
Read more
May 62013
Ringgit Rallies Most Since 2010 After Elections
The Malaysian ringgit advanced today, posting the biggest gain since 2010, after the elections resulted in the government party securing a clear majority in the parliament. It should allow Prime Minister Najib Razak to continue with his reforms unhindered. Razak’s Barisan Nasional coalition (also known as the National Front) secured 133 of the 222 parliamentary seats. The victory should allow the Prime Minister to proceed with his $444 billion development program […]
Read more
May 62013
What Will Become of EUR/CHF After ECB Rate Cut?
When Swiss National Bank (SNB) first introduced its determination to hold the EUR/CHF minimum rate at 1.2, only few of this blog’s readers believed that it will hold at least until 2013. A year later, a poll showed that EUR/CHF is likely to stay well above 1.2 in 2012, which it did. Now, it is time for a major update on the issue. EUR/CHF would not be a currency […]
Read more