- 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: October 7, 2013
October 72013
Another Week of Weakness for Pound?
The Great Britain pound has shown signs of weakness last week even though at first it looked like the currency is going to rally to new highs. What important events are scheduled this week and what analysts expect from sterling? There are two major events in the United Kingdom this week: the release of manufacturing production data and the Bank of England policy meeting. Experts estimated ahead of the government report […]
Read more
October 72013
UK Pound Gets Boost From Financial Optimism
UK pound is mostly higher today, thanks in large part to financial optimism in the United Kingdom. It appears that the economy is picking up, and that is supporting the pound against many of its major counterparts in the currency market. The latest policy decision from the Bank of England keeps the interest rate at a low 0.5 per cent, and it also keeps the asset purchase program stable. However, it appears that […]
Read more
October 72013
Euro Higher Against Dollar, Down Against Pound, Yen
Euro is higher against the US dollar today, thanks in large part to the concerns related to the government shutdown and its effect on the economy. However, the 17-nation currency isn’t having as much success against other major currencies, as it heads lower against the pound and the yen. Euro is gaining ground against the US dollar today, heading higher as the government shutdown continues. With the US government in a stalemate and with concerns rising that […]
Read more
October 72013
NZ Dollar Weakens as Finance Minister Thinks Currency Too Strong
The New Zealand dollar slipped today as Finance Minister Bill English said that the strength of the currency is excessive, leading to concerns that policy makers may take steps to the weaken the currency. The Minister said: The exchange rate, in our view, is still too high. It remains a headwind for the export sector. The kiwi also slid as traders preferred safer currencies due to concerns about a potential default in the United States. NZD/USD […]
Read more
October 72013
Franc Resumes Rally on Threat of US Default
The Swiss franc resumed its rally today as demand for safety persisted on concerns that the disagreement among US politicians will result in the first default of the United States in history. The franc sank on the last trading day of the previous week, but trimmed the losses today as the fiscal situation in the USA remained unresolved. US Treasury Secretary Jack Lew talked about the danger of the default on CNNâs âState of the Unionâ yesterday: If the United States government, […]
Read more
October 72013
Will EUR/USD Manage to Set New Yearly High in 2013?
After hitting its 2013 high of 1.3710 on February 1, the EUR/USD currency pair proceeded to trade in a sort of a widening sideways market. It then evolved into a rather strong rally, which lasts since July 10. Spurred by Fed’s reluctance to tamper its quantitative easing program, the currency rate is now quite close to its yearly high. October 3 peak at 1.3646 is just 64 pips below […]
Read more