- 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: February 12, 2016
February 122016
EUR/USD Declines After Encouraging US Data
EUR/USD dropped today as most of US economic indicators were good while economic data from the eurozone was somewhat weak. Not every US indicator was good, though, as the consumer sentiment index dropped unexpectedly. Nevertheless, the reports reinvigorated speculations about potential interest rate hikes from the Federal Reserve this year. Retail sales rose 0.2% in January, at the same pace as in December. Analysts had predicted a bit […]
Read more
February 122016
Japanese Yen Trades Mixed as Officials Try to Talk it Down
Japanese yen is trading mixed today, but officials still see the relative strength of the currency as a problem to tackle. Continued strength from the yen sent Japanese stocks plunging today, and there are concerns that the economic recovery will be slowed by the latest developments. Yen is trading mixed today after seeing a surge in strength on global market volatility this week. The yen has pulled back a little against […]
Read more
February 122016
Economic Data, Profit Taking Help US Dollar
US dollar is mostly higher today, thanks in large part to economic and to some profit taking. However, dollar gains might be limited, as the expectation of another rate hike from the Federal Reserve fades. One of the reasons the US dollar has been performing well recently is due to the fact that there have been expectations of further Fed rate hikes. However, analysts, after listening to Fed Chair Janet […]
Read more
February 122016
Great Britain Pound Demonstrates Small Gains During Friday’s Trading
The Great Britain pound gained against its major rivals during the current trading session, but the gains were limited as traders remained worried about issues with global economy. This made them seek safer currencies. The sterling has some appeal as a haven from troubles in the continental Europe, but that appeal is diminished by uneven economic growth in Great Britain itself. Without stable economic expansion, the UK […]
Read more
February 122016
AUD Little Changed vs. USD, Gains on EUR
The Australian dollar was little changed against its US counterpart during Friday’s trading and was able to gain on the euro which has been hurt by lackluster economic data from the eurozone. Earlier today, Australian central bank’s chief was speaking, hinting at possibility of looser monetary policy. Glenn Stevens, Governor of the Reserve Bank of Australia, acknowledged that Australia’s “economic activity outside the resources sector has been gradually […]
Read more
February 122016
Prospects of Monetary Easing Makes Swiss Franc Unattractive
The Swiss franc fell on Thursday and extended its move down on Friday as prospects of even more accommodative monetary policy made the currency less appealing to investors. While the franc is considered a safe currency, currently it has limited appeal due to desperate attempts of the Swiss National Bank to reinvigorate Switzerland’s economy. Such attempts involved implementing negative interest rates — the move that had a big negative impact on the Swissie. But […]
Read more
February 122016
Riksbank Cuts Rates, Krona Mixed at Start of Friday’s Trading
The Swedish krona sank yesterday following the bigger-than-expected interest rate cut from the central bank of Sweden. Today, the currency continued to move lower versus the US dollar but rose a bit against the euro. The Riksbank slashed its main interest rate by 15 basis points to -0.5 percent. Analysts had expected a somewhat smaller cut in the neighborhood of 10 basis points. The central bank admitted that the Swedish economy demonstrated solid […]
Read more