- 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: December 12, 2013
December 122013
Dollar Rallies After Retail Sales Report, Uncertainty Remains
The US dollar jumped today after data showed an increase of retail sales. There were bad reports too, adding to uncertainty about the next week’s monetary policy decision of the Federal Reserve. Retail sales grew 0.7 percent, exceeding analysts’ expectations of 0.6 percent by a small degree. At the same time, unemployment claims jumped sharply from 300,000 to 368,000 during last week. Next week’s Fed policy meeting is […]
Read more
December 122013
Australian Dollar Drops as Unemployment Rate Ticks Up
The Australian dollar dropped today after data showed that the unemployment rate increased despite strong growth of employment last month. Australian employment grew by 21,000 in November after rising by 700 in October. It was two times the forecast reading of 10,300. Nevertheless, the unemployment rate ticked up by 0.1 percentage point to 5.8 percent. Such increase was expected, but for whatever reason traders preferred to pay attention to the bad […]
Read more
December 122013
Euro Takes a Hit After Industrial Output News
The latest news about industrial output in the eurozone is weighing on the euro right now. The 17-nation currency is pulling back against some of its major counterparts, dropping as concerns about the economic growth of the region return. Eurostat reports that the industrial output for the eurozone during October was 1.1 per cent lower than the output seen in September. This news indicates that the economy might not be doing as well […]
Read more
December 122013
Loonie Pulls Back After Recent Gains
Canadian dollar is heading lower today following a few days of gains against most of its major counterparts. The loonie saw some solid gains on recent oil prices data, but now it appears that some Forex traders are taking profits and trying to position themselves for what might be next. Loonie is heading lower today, following a bit of a surge yesterday. The narrowing oil price discount […]
Read more
December 122013
SNB Keeps Ceiling for Franc
The Swiss franc fell against the US dollar and erased gains versus the euro after the Swiss National Bank kept its monetary policy unchanged today, maintaining the cap on the currency. The SNB kept its main interest rate near zero and the ceiling at 1.20 francs per euro. The central bank said in the statement: With the three-month Libor close to zero, the minimum exchange rate continues to be the right tool to avoid an undesirable tightening […]
Read more
December 122013
Dollar Rises with Retail Sales
The EUR/USD turned down today, falling for the first session in eight, as US retail sales exceeded expectations. Truth be told, not all today’s reports were particularly good. Most notable negative indicator was the report that demonstrated a sharp increase of unemployment claims. Retail sales were up 0.7% in November, a bit above analysts’ expectations and the revised 0.6% October reading. (Event A on the chart.) Initial jobless claims jumped […]
Read more