- 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: February 27, 2014
February 272014
Domestic Fundamentals Hurt Dollar Yet Again
The US dollar fell today as economic data from the United States was negative yet again. The currency dropped despite the risk-aversion sentiment on the Forex market and signs that the Federal Reserve will continue to reduce monetary stimulus. Initial jobless claims unexpectedly rose from 334,000 to 348,000 last week. Most analysts thought that unemployment claims would stay unchanged. The data followed yesterday’s positive employment report that […]
Read more
February 272014
Carry Traders Suffer from Decline of Yuan
The Chinese yuan slid today as speculations persisted that China’s central bank is intervening in an attempt to prevent gains of currency, hurting those investors who hoped to use the yuan in carry trade. The yuan has been considered one of the best currencies for carry traders due to relatively high interest rates in China and low volatility of the exchange rate. But now the currency became one of the worst as it was falling amid speculations […]
Read more
February 272014
Brazilian Central Bank Raises Interest Rate, Real Gains
The Brazilian real rose today after Brazil’s central bank raised the Selic rate yesterday, extending the string of rate increases. The increase was smaller than last month’s one, leading to concerns that the central bank will pause rate hikes. Still, the nation’s economy looks good, meaning that Brazil’s currency is still attractive to overseas investors. The Central Bank of Brazil boosted its main interest rate by 0.25 […]
Read more
February 272014
Euro Drops with Speculation on Next Week’s ECB Meeting
Eurozone lending continues to be a problem, and that has some thinking that the ECB will have no choice but to ease monetary policy further when they meet next week. It’s also not helping that China is slowing down, and that it appears that Germany isn’t going to be able to kickstart the economy all on its own. The latest numbers on lending in the eurozone paint a picture of a credit […]
Read more
February 272014
US Fundamentals Negative Yet Again
US economic data surprised positive yesterday, but the trend for negative surprises quickly returned as today’s data was worse than expected. Unemployment claims unexpectedly rose and durable goods orders fell more than was anticipated. EUR/USD was falling before the economic releases, but started to rise after the reports and currently trades almost at the opening level. Initial jobless claims rose from 334k to 348k last week, […]
Read more
February 272014
Aussie Drops for Third Session with Capital Spending
The Australian dollar extended its drop to the third consecutive session today as capital spending fell more than was expected, hurting the traders’ sentiment that was already sour due to concerns about signs of economic slowdown in China. Total new capital expenditures were down 5.7 percent in the fourth quarter of 2013 from a year ago, while economists have counted on a drop by just 1.0 percent. The previous quarter’s growth […]
Read more
February 272014
News from USA Turns Positive, USD Rallies
Economic news from the United States turned positive, increasing the attractiveness of the US currency. The dollar rallied against the euro yesterday and retained its gains today. The rally versus the Great Britain pound and the Japanese yen was more limited. The most important reason for optimism was the housing data. New home sales rose to the seasonally adjusted annual rate of 468,000 in January from 427,000 in December. Forecasters have predicted a drop to 406,000, […]
Read more