- 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: July 17, 2014
July 172014
Ruble Drops on Additional Sanctions
The Russian ruble dipped today as the United States and the European Union implemented sanctions against Russian companies that may lead to recession in the Eastern European nation. The USA decided to intensify sanctions against Russia for its involvement in the Ukrainian crisis, and the list of affected companies included such giants as Rosneft and Novatek. Some analysts believe that such measures may result in economic recession in Russia, while others argue that perhaps the country’s […]
Read more
July 172014
No Interest Rate Hike Means Weaker Brazilian Real
The Brazilian real crashed today after the nation’s central bank refrained from raising interest rates, the move that led to speculations that there will be no more rate hikes in Brazil this year. The Central Bank of Brazil left its key Selic rate at 11 percent during yesterday’s policy meeting. While the bank said in the statement that the rate remains stable “at this moment”, swap trading revealed […]
Read more
July 172014
Eurozone Inflation Remains in the “Danger Zone”
The eurozone’s inflation rate remains in what the ECB refers to as the “danger zone,” a situation that hasn’t surprised anyone. However, the ongoing problems with the eurozone economy continue to provide fuel for speculation that policymakers will be forced to take more drastic steps to boost the economy. This is once again creating a situation in which the euro struggles against some of its counterparts. Today, Eurostat reports that consumer prices for the month […]
Read more
July 172014
Japanese Yen Heads Higher Against Other Majors
Japanese yen is heading higher today as risk aversion becomes an issue. Concerns stemming from Janet Yellen’s remarks before Congress yesterday are sending high beta currencies lower, and boosting the Japanese yen. Yesterday, Federal Reserve Chair Janet Yellen spoke to the Financial Services Committee in the House of Representatives about the economy, and the way forward for monetary policy. Even though the economic recovery isn’t complete, Yellen acknowledged that […]
Read more
July 172014
EUR/USD Fails to End Decline
EUR/USD rallied during the first half of the current trading session, attempting to end its two-day decline, but failed and headed for a third consecutive daily loss. The currency pair was pressed down by risk aversion caused by geopolitical tensions in Middle East and Easter Europe. As for US macroeconomic indicators, housing data was poor, […]
Read more
July 172014
EUR/GBP Little Changed After Reaching Lowest Since 2012
The Great Britain pound was little changed today after reaching the highest level since August 2012 against the euro yesterday. The sterling was flat against the US dollar and retreated a bit versus the Japanese yen. The UK Consumer Price Index rose 1.9 percent in June from a year ago, while analysts predicted just 1.6 percent growth. Employment data was also better-than-expected as the number of unemployment claims fell […]
Read more
July 172014
Yellen’s Comments Confusing, Dollar Has Mixed Reaction
The US dollar traded sideways as comments of Federal Reserve Chairperson Janet Yellen were received with a mixed reaction by the Forex market. The currency demonstrated strong gains against the euro for two consecutive sessions. On one hand, Yellen reiterated that interest rates are likely to stay low for a prolonged period after monetary stimulus will be removed. On the other, the Chairwoman said that monetary tightening may occur sooner if […]
Read more