- 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: March 23, 2015
March 232015
What Future Holds for Euro After Fed-Inspired Rally?
The euro enjoyed a decent rally last week with the unexpected help from the US Federal Reserve. Will the currency be able to maintain its upward momentum after the initial shock from the Fedâs statement fades? The major driving force behind the euroâs rally was the weakness of the dollar following the Fedâs announcement. At the start of the current trading week, that factor continued to influence the Forex market. Yet the statement was not dovish […]
Read more
March 232015
NZ Dollar Joins Rally Against US Dollar
Like its Australian counterpart, the New Zealand dollar extended its rally today at the expense of the US dollar. The kiwi also had support from domestic economic data released over the weekend. The New Zealand currency had a very similar performance to that of the Australian dollar, opening sharply higher and continuing to move up. High-beta currencies rallied against safer ones, especially the US dollar, after the Federal Reserve made a statement […]
Read more
March 232015
Australian Dollar Continues to Move Higher
The Australian dollar continued to move higher during the current trading session as the latest policy statement from the Federal Reserve hurt the US dollar, allowing other currencies to carve out gains. The Fed statement had a big impact on the Forex market, and its influence still persists. The event had not just a direct impact on the FX market, weakening the greenback, but also an indirect one by bolstering prices for raw materials. The latter supported […]
Read more
March 232015
Deflation Fears Hold UK Pound Back
Worries about deflation are holding the UK pound back today. Sterling is mostly lower against its major counterparts, struggling as Forex traders process the weak data already shared and worry about the next data releases. Deflation concerns are on the rise, thanks in large part to the latest inflation figures, released last last week. Price growth slowed to 0.1 per cent in February, a drop from the 0.3 per cent […]
Read more
March 232015
Euro Adds More Gains
Euro is adding more gains today, heading higher on the Forex market as eurozone officials continue to insist that Greece will remain. Additionally, an improving economic picture is helping the 19-nation currency. Euro is mostly higher today, gaining ground as signs point to economic recovery. Last week, German economic data was better than expected, and ECB President Mario Draghi continues to show optimism. He addresses […]
Read more
March 232015
EUR/USD Continues Move Higher
EUR/USD extended its rally during the current trading session as the relatively dovish policy statement released from by Federal Reserve last week continues to affect the Forex market. Hopes for the resolution of the Greek debt crisis also contributed to the rally of the currency pair. Existing home sales were at the seasonally adjusted annual rate of 4.88 million in February. It was a modest increase from the January’s rate of 4.82 million. The median forecast promised […]
Read more