- 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: May 15, 2014
May 152014
Risk Appetite Wanes, Demand for Yen Grows
The Japanese yen rallied today against all other major currencies as various concerns put the Forex market in a risk-off mode, meaning that traders preferred safer currencies. Economic data from Japan also helped to buoy the attractiveness of the currency. News from Europe was mostly disappointing, reminding investors that Europe has plenty of troubles and it has hard time getting rid of them. While US data was […]
Read more
May 152014
Euro Plunges as Economic Growth of Europe Disappoints
The euro plunged today as economic growth in major European countries (with the notable exception of Germany) and the eurozone as a whole missed estimates, increasing chances for additional monetary stimulus in June. Inflation remained stable, suggesting that there is no threat of deflation for a time being. The currency trimmed its losses against some of its peers by now. Eurozone gross domestic product expanded 0.2 percent in the first quarter of this year from […]
Read more
May 152014
Mantega Says No Risk of Depreciation for Real
The Brazilian real gained today as Guido Mantega, Brazil’s Finance Minister, said that the exchange rate normalized, suggesting that there is no more risk for a big slump of the currency. Mantega said regarding the exchange rate that “no one talks about turbulence now”. Previously, policy makers were taking steps to stem appreciation of the real but later dropped such measures and started to support the currency. The real has […]
Read more
May 152014
EUR/USD Sinks on Disappointing GDP Figures, Recovers
EUR/USD dropped today as economic growth in most European countries disappointed economists (with the notable exception of Germany). Gross domestic product in the whole eurozone grew 0.2% in the first quarter of 2014 from the previous three months, also being below expectations of 0.4%. (Event A on the chart.) Meanwhile, there were plenty of reports from the United States, most of which were surprisingly good, though not all of them. The currency pair managed […]
Read more
May 152014
Mexican Peso Gains on Hopes for Improving Economy
The Mexican peso ticked up today as economists speculated that there are signs of positive developments in Mexico’s economy, which was disappointing investors recently. This year’s data on economic growth was worse than traders were counting on, making the peso underperform compared to its peers. Yet the official report earlier this week showed that manufacturing production grew 6.8 percent in March from a year ago, […]
Read more