- 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: October 31, 2014
October 312014
Bank of Russia Surprises, Ruble Doesn’t Respond
Russia’s central bank surprised the Forex market today by a huge interest rate hike aimed at cooling inflation and slowing the ruble’s depreciation. Yet the Russian currency did not respond to the announcement, extending its massive slump. The Bank of Russia raised its main interest rate by as much as 1.5 percent to 9.5 percent at today’s meeting, a move completely unexpected by market analysts. The central bank said in the statement: During September-October significant changes […]
Read more
October 312014
New Japanese Easing Surprises Markets and Sends Yen Lower
In a surprise move, the Bank of Japan announced a new round of easing. Earlier, the yen had been gaining in spite of unfavorable data. Now, though, the yen is heading much lower in the wake of this latest announcement. Japanese data showed disappointing news in terms of unemployment and CPI data earlier. Additionally, household spending was lower. All of the news pointed to slowing growth as the Bank of Japan met for a policy meeting. Even with the unfavorable […]
Read more
October 312014
Euro Lower on Quantitative Easing Possibility
Euro is lower against most of its major counterparts today, thanks in part to statements from an ECB policymaker. While quantitative easing isn’t quite on the table, officials aren’t ruling it out, and the possibility of QE, along with other measures meant to weaken the euro in the name of stimulus, is weighing on the 18-nation currency. Earlier, Ewald Nowotny, a policymaker for the ECB and the head of Austria’s central bank, said that quantitative easing wasn’t […]
Read more
October 312014
Dollar Gains on Euro for Third Session
The dollar gained on the euro for the third straight trading session today due to the positive Chicago Business Barometer and the very good Michigan consumer sentiment. The unexpected monetary from the Bank of Japan also helped the greenback as investors in need of safety were running away from the yen to the US currency. Both personal income and spending trailed analysts’ estimates. Personal income rose 0.2% in September compared to the projections of 0.3% growth. Personal spending fell […]
Read more
October 312014
Yen Gains Ignoring Unfavorable Data
The Japanese yen gained today even though economic data that came out from Japan during the current trading session was not particularly good. The possible reason for the rally is risk aversion that followed the policy announcement from the Federal Reserve. Both Japan’s and Tokyo core Consumer Price Index fell. The seasonally adjusted unemployment rate rose in September. Household spending declined 5.6 percent in the previous month from […]
Read more