- 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: September 27, 2013
September 272013
Brazilian Real Falls Despite Efforts of Central Bank
The Brazilian real fell today as US budget impasse led to nervousness among Forex traders and unwillingness to buy riskier assets of emerging economies. The currency was soft despite the efforts of the central bank. The US debt ceiling problem continued to affect the market sentiment negatively and this makes higher-yielding currencies weaker, including the real. To address the issue, the central bank keeps in place the $60 billion intervention program to bolster the currency and rein inflation. […]
Read more
September 272013
Swiss Franc Rises as Positive Data Results in Optimism
The Swiss franc surged today, reaching the highest level since February against the US dollar and the strongest rate since June versus the euro, as positive macroeconomic data improved the outlook for nation’s economic growth. The KOF Economic Barometer rose to 1.53 in September up from 1.37 in August. The median forecast has promised a smaller increase to 1.46. The report said: The latest development in the dynamics of the KOF Economic Barometer leads to the expectation that year-on-year […]
Read more
September 272013
Loonie Falls on US Shutdown Worries, Lower Oil Prices
Canadian dollar is falling today, dropping on concerns about the US government shutdown possibility, and on oil prices. There’s a lot weighing on the Canadian economy right now, and that is affecting the loonie for the worse. Concerns that the Republican-controlled House of Representatives will force a government shutdown over the Patient Protection and Affordable Care Act are affecting the Canadian economy. A shutdown would have an impact on the US economy, and Forex traders know that […]
Read more
September 272013
US Dollar Lower Across the Board Following Data Release
US dollar is lower across the board today, following the latest economic data release. The economy continues to show solid improvement, and that should be encouraging a degree of risk appetite. However, other forces, like the possibility of a government shutdown and the possibility of the taper being held off until next year, seem to be weighing on the greenback instead. There’s a lot of uncertainty in the markets right now, but it’s not the sort of uncertainty […]
Read more
September 272013
EUR/USD Reverses Losses
EUR/USD reversed yesterday’s losses today even though Germany’s inflation stagnated. In the United States, personal income and spending continued to rise, while consumer sentiment worsened. Both personal income and spending rose in August. Income was up 0.4%, below the forecast of 0.5%, but above the July increase of 0.2%. Spending grew 0.3%, matching predictions, following the 0.2% growth in the previous month. (Event A on the chart.) Michigan Sentiment Index fell […]
Read more
September 272013
Japanese Inflation Accelerates, Yen Higher
The Japanese yen rallied today as nation’s inflation accelerated, reducing incentive for the central bank to ease monetary policy and weaken the currency further. The Japanese consumer price index rose 0.8 percent in August from a year ago, while analysts have expected it to increase at the July rate of 0.7 percent. Meanwhile, the Tokyo CPI rose 0.2 percent in September, slower than in August (0.4 percent) and less than was predicted (0.3 […]
Read more