- 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 9, 2013
May 92013
Pound Weak vs. Dollar Even as BoE Maintains Monetary Policy Stable
The Great Britain pound fell against the US dollar today even as the Bank of England maintained the monetary policy the same, refraining from additional easing. The currency rose against the euro and the Japanese yen though. The BoE kept its benchmark Bank Rate at 0.5 percent and the asset purchase program at £375 billion at today’s meeting. Such decision was anticipated by market participants. The behavior of the pound against the dollar was less predictable though. […]
Read more
May 92013
US Dollar Strengthens on Unexpected Jobless Claims Data
US dollar is showing strength today, heading higher as Forex traders look to the improving economic situation. When compared to other economies, the US economy is looking pretty good, and that is helping the greenback against its major counterparts today. The latest initial unemployment claims data in the United States indicates that 4,000 fewer people are applying for aid. Even with the budget sequester on, the economy appears […]
Read more
May 92013
Japanese Yen Mostly Weaker
Japanese yen is mostly weaker today, dropping as the prospects of long-term weakness weigh on the Asian currency. With a plan in place to boost the monetary base, and with no one in the G-20 trying to rein in Japan, it looks as there is a clear field for yen weakness. Once again, there is talk that the US dollar will hit the 100-yen level. However, that is unlikely today. Even though the US dollar […]
Read more
May 92013
Australia Adds Jobs, Aussie Surges
New Zealand was not the only country to add jobs as Australia also pleasantly surprised Forex traders with improving employment and an unexpected drop of the unemployment rate. Australian employment grew by 50,100 in April on a seasonally adjusted basis, compared to the forecast of 11,500. Employment contracted by 31,100 in March. The unemployment rate unexpectedly ticked down by 0.1 percentage point to 5.5 percent. Investors trimmed their bets on an interest rate cut from the Reserve […]
Read more
May 92013
NZ Dollar Jumps as Employers Add Jobs & Unemployment Falls
The New Zealand dollar climbed today after country’s employers added more jobs than was expected. Moreover, the unemployment rate demonstrated huge (and unexpected) drop. New Zealand employment grew 1.7 percent in the first quarter of 2013 from the previous three months, when it fell 0.9 percent. The median forecast was at 1.1 percent. Unemployment fell from 6.8 percent to 6.2 percent even as analysts have expected […]
Read more
May 92013
EUR/USD Retreats on Speculations ECB May Ease Policy Again
EUR/USD declined today, following yesterday’s rally, as European Central Bank policy makers told that the central bank has ability to ease the monetary policy further. At the same time, many economists believe that the ECB will not refer to cutting interest rates again in the near future. US employment data again pleasantly surprised traders as unemployment claims unexpectedly fell. Initial jobless claims fell from 327k to 323k […]
Read more