- 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 29, 2015
October 292015
Japanese Yen Mixed Ahead of BoJ Announcement
The Japanese yen was relatively firm against the US dollar today but fell versus the euro and the Great Britain pound ahead of the monetary policy announcement from the Bank of Japan. The BoJ will release a monetary policy statement later today. Many market participants and analysts wait for the announcement because it is expected that the central bank may expand its already substantial monetary stimulus. As for economic data, Japan’s core […]
Read more
October 292015
EUR/USD Crashes as FOMC Hints at December Hike
EUR/USD crashed after the Federal Open Market Committee hinted at the possibility of monetary tightening in its monetary policy statement. The Committee suggested that it may happen as soon as December. And this is exactly when the European Central Bank is expected to expand its monetary stimulus, at least according to speculations. Unsurprisingly, under such circumstances EUR/USD had little choice but to go down. US crude oil inventories increased […]
Read more
October 292015
EUR/USD Attempts to Regain Ground
EUR/USD was attempting to rebound today after yesterday’s huge drop. So far, the currency pair had some success, but it was not nearly enough to erase the decline of the previous session. Today’s data from the United States was on the weak side (with the exception of jobless claims), bolstering EUR/USD further. According to the advance estimate, US GDP grew 1.5% in Q3 2015, a bit slower than analysts had […]
Read more
October 292015
Crude Oil Prices Help Loonie Yet Again
The Canadian dollar gained against the US dollar and the Japanese yen, though it was unable to beat the euro. Analysts say that crude oil prices helped the currency yet again. Experts said that crude oil is responsible for the fairly decent performance of the loonie today. It is true that crude did not rise too much today (and the Brent grade actually dipped). Yet the commodity had demonstrated […]
Read more
October 292015
Dollar Retreats as Data Doesn’t Support Fed Hike Outlook
The US dollar dropped against other major currencies today following yesterday’s economic data. Today’s US economic data, including the GDP report, played its part in the currency’s decline. Gross domestic product rose 1.5 percent in the third quarter of 2015. The increase was a bit smaller than 1.6 percent predicted by analysts and far below the previous quarter’s growth of 3.9 percent. On top of that, pending home sales dropped […]
Read more
October 292015
Eurozone Confidence Fuels Euro Rally
Better news out of the eurozone is fueling a rally for the euro today. A surprise increase in confidence is helping the 19-nation currency gain against its counterparts as Forex traders speculate on whether or not the ECB will really need to add stimulus. Just last week, Mario Draghi and other ECB policymakers were talking about the possibility of more economic stimulus for the eurozone. Today, though, there is speculation that maybe drastic […]
Read more
October 292015
NZ Dollar Falls After RBNZ & Fed
The New Zealand dollar fell today following the monetary policy announcement from the Reserve Bank of New Zealand made by the end of the Wednesday’s trading session. Of course, the policy announcement from the US Federal Reserve has also played its part in the currency’s decline. RBNZ Governor Graeme Wheeler left the main interest rate unchanged at 2.75 percent. He mentioned that “financial market volatility has eased in recent weeks” but […]
Read more
October 292015
US Dollar Soars as December Hike Remains Possible
The US dollar surged against other most-traded currencies on Wednesday after the Federal Reserve mentioned that a December rate hike remains in the cards. Unsurprisingly, the announcement made a tremendous impact on the market. The Fed made no changes to its monetary policy, surprising no one. Yet it said in uncharacteristically bold language that a rate lift-off at the next meeting remains a possibility: In determining whether it will be appropriate to raise the target […]
Read more