- 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: August 25, 2014
August 252014
Dollar Pares Gains After Opening Sharply Higher
The US dollar declined today against its most-traded peers, yet it is important to understand that the currency opened sharply higher, meaning that it still trades above the last week’s closing rate against most majors. The hawkish Federal Reserve minutes as well as the relatively balanced stance of Chairperson Janet Yellen allowed the dollar to surge. While the currency lost its gains versus the Great Britain pound, returning […]
Read more
August 252014
Bank of Israel Cuts Main Interest Rate to Record Low
The Bank of Israel surprised the Forex market today, cutting its benchmark interest rate unexpectedly, following the same move in the previous month. This led to a huge slump of the Israeli shekel. The BoI cut its main interest rate by 25 basis points to the record low of 0.25 percent today, making a huge surprise to analysts, who have expected the central bank. The central bank made the same interest rate cut in July. The bank […]
Read more
August 252014
Yen Profits from Risk Aversion
The Japanese yen profited from the risk-negative market sentiment, rising against its major counterparts. The currency opened sharply lower versus the US dollar but was able to slowly rise, though it still trades below the Friday’s close. The Japanese yen, being considered a relatively safe investment option, gained with the help of the risk-aversion market sentiment, created by last week’s comments from the Federal Reserve. Of course, this also […]
Read more
August 252014
Market Sentiment Doesn’t Favor Risk, Ringgit Suffers
The Malaysian ringgit fell today as risk aversion eroded the appeal of higher-yielding currencies associated with risk. The market sentiment was hurt by prospects of early monetary tightening from the Federal Reserve. Last week’s comments from the Fed showed the US policy makers are considering to start raising interest rates earlier than was planned previously, allowing the dollar to rally. Consequently, currencies of emerging markets, including the ringgit, suffered. There […]
Read more
August 252014
Loonie Trades Mixed on Latest News
Canadian dollar is trading mixed today, seeing different results thanks to the latest news and data released around the world. With stocks looking to rise, loonie is a getting a boost against some of its counterparts. A certain degree of risk appetite, at least when it comes to a desire for stocks, is helping the Canadian dollar today in Forex trading. The latest comments from ECB President Mario Draghi, made at a meeting of central […]
Read more
August 252014
Euro Drops as Easing Bets Rise
Euro is heading lower today, thanks in large part to the fact that bets are on the rise related to the idea that the European Central Bank is likely to put into place more easing measures for the 18-nation currency. At the end of last week, ECB President Mario Draghi indicated that the central bank is prepared to use any tools it has at its disposal to boost the eurozone economy. Many Forex traders […]
Read more