- 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: August 20, 2013
August 202013
Norwegian Krone Drops on Slowing Growth, Recovers
The Norwegian krone was flat today after falling earlier as slowing economic growth made an interest rate cut from the central bank more likely. Such prospects hurt the currency, but it managed to recover as of now. Norwegian gross domestic product grew 0.2 percent in the second quarter of 2013, down from 0.6 percent in the previous quarter. The report frustrated analysts who have hoped for 0.7 percent growth. Norges […]
Read more
August 202013
Euro Gains Ground As Forex Traders Square Positions
Euro is heading higher today, thanks in large part to position squaring. Many believe that the euro is poised to move higher, thanks to uncertainty wracking the United States and thanks to recent Bundesbank comments. Uncertainty in the United States is leading to demand for the euro. While there is still talk of tapering soon, many are starting to think the US economic recovery is still too sluggish to warrant an end to the tapering. […]
Read more
August 202013
US Dollar Drops – Even With Pro-Dollar Happenings Today
US dollar is heading lower today, even with a few pro-dollar happenings earlier. With emerging markets crashing, and with tapering rumors continuing, the US dollar should be getting a little bit of a boost today. However, it’s not, because there is a little more uncertainty on the horizon than many Forex traders are comfortable with. Earlier today, the emerging market currencies saw a huge crash, losing […]
Read more
August 202013
Swiss Franc Profits from Decline of Stocks
The Swiss franc climbed today as the drop of stocks and speculations about possible reduction of monetary stimulus by the Federal Reserve made the currency attractive to investors because of its role as a safe haven. The Stoxx Europe 600 Index of shares fell 0.9 percent, while the MSCI Asia Pacific Index slumped as much as 1.7 percent. The decline resulted in higher demand for safer assets. On top of that, speculations about quantitative easing tampering were driving […]
Read more
August 202013
RBA Releases Dovish Minutes, Aussie Down
The Australian dollar dropped today after the Reserve Bank of Australia released the minutes of its last policy meeting. The central bank was more dovish than it looked previously and hinted that further interest rate cuts are not impossible. The RBA was more dovish than Forex market participants have thought. The central bank predicted that economic growth will be at 2.5 percent till mid-2014, before […]
Read more
August 202013
Canadian Dollar Weak Ahead of Retail Sales Report
The Canadian dollar fell today ahead of this week’s retail sales report that is expected to show a small decrease of sales. The speculations about quantitative easing tampering by the Federal Reserve were not helping the currency either. Analysts estimated ahead of the official report that Canadian retail sales dropped 0.3 percent in June after jumping 1.9 percent in May. Statistics Canada will release its estimate on August 22. […]
Read more