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Day: October 16, 2013
October 162013
Ruble Rises as Traders Still Do Not Expect Default in USA
The Russian ruble advanced today as traders returned to riskier assets, suggesting that they still hope for a positive outcome of the talks about raising the US debt ceiling. Investors have started to shun higher-yielding currencies as the threat of default was nearing, but it looks like they became optimistic yet again. There are not many market participants who actually believe that a catastrophe will happen and this helps […]
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October 162013
Pound Rises as Unemployment Claims Drop
The Great Britain pound edged higher today after employment data pleasantly surprised traders, adding to signs of sustainable recovery in the UK economy that has suffered from a period of recession previously. Claims for unemployment benefits fell by 41,700 in August from June. Analysts have predicted a drop by 24,300. The unemployment rate stayed at 7.7 percent. Today’s report followed yesterday’s positive data about growth of consumer and house prices. GBP/USD […]
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October 162013
US Dollar Gains Ground as Senate Leaders Negotiate
It’s been a bumpy ride for everyone involved in the politicking surrounding the current budget situation in the United States. Greenback is once again edging out its major counterparts as hopes for a deal rise a little bit after being dashed earlier. There’s been something of a cycle during the last couple of days. There is hope for a debt deal, followed by disappointment when talks fall apart. Indeed, that cycle has been […]
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October 162013
ZEW Rises on Euro Outlook
Euro might struggling a little bit against the greenback still, but the 17-nation currency is hoping to see some improvement in the near future. The latest ZEW reading is at its highest point since April 2010, prompting hopes in a possible economic recovery for the eurozone. Projections that Germany will continue to see economic improvement are providing some hope for the eurozone as a whole, especially since the latest data indicates that investor […]
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