- 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 18, 2016
February 182016
Swiss Franc Demonstrates Mixed Performance
The Swiss franc demonstrated mixed performance of Thursday. It was little changed against the US dollar, gained a bit on the euro but dropped versus the Japanese yen. Switzerland’s trade surplus widened to 3.51 billion francs in January from 2.59 billion francs the month before, exceeding analysts’ expectations. Released on Wednesday, ZEW-CS-Indicator for the economic sentiment in Switzerland showed deterioration by 2.9 points to -5.9 in February. The Swissie remains under threat of additional […]
Read more
February 182016
FOMC Minutes Don’t Prevent EUR/USD from Sliding
EUR/USD extended its decline on Wednesday even though minutes for the Federal Reserve’s January meeting were noticeably dovish, making traders believe that it will take longer for the Fed to continue with its monetary tightening. Yet it is important to note that the minutes showed that the Committee was still showing willingness to continue monetary firming, albeit with slower pace. As for macroeconomic reports released from the United […]
Read more
February 182016
EUR/USD Slides Further Down
EUR/USD fell today, extending its drop for the fifth consecutive trading session. The currency pair paused its slide after the release of European Central Bank’s policy minutes even though the notes were very dovish. (Event A on the chart.) Meanwhile, US data was relatively positive with the unexpected drop of jobless claims and the small improvement of the manufacturing sector. The only downside was the decline of leading indicators. Philadelphia Fed manufacturing index […]
Read more
February 182016
Canadian Dollar Weak During Thursday’s Trading
There was a positive economic data released from Canada today but it proved to be of little help to the nation’s currency. While the Canadian dollar was surprisingly weak for the whole day, now it has even more reasons to go down as prices for crude oil backed off after the initial rally. Earlier today, oil prices rallied, but the rally has come to an abrupt end after data showed […]
Read more
February 182016
UK Pound Receives a Little Help for Now
UK pound is a little higher today, gaining against major counterparts as Forex traders consider the situation. The economic situation in the United Kingdom is difficult, and there are still concerns about an exit from the European Union to weigh on the sterling in the future. UK pound has been struggling in recent months, but today the sterling is getting a bit of a break. Sterling is higher against most of its major counterparts. However, […]
Read more
February 182016
Euro Succumbs to Pressure in Forex Trading
Euro is succumbing to pressure right now in Forex trading, moving lower against its major counterparts. There isn’t a whole lot to support the euro against other currencies, and, in fact, policymakers are hoping for a lower euro. Economic data is improving in various countries, but the eurozone might still be in trouble. There are expectations for another rate cut, possibly in March. Even though analysts don’t believe […]
Read more
February 182016
Employment Data Pushes Aussie Lower, Decline Limited
The Australian dollar dropped today on the basis of the disappointing employment report. The currency bounced, though, trimming its losses with the help of crude oil rally and news from China. The seasonally adjusted figure for Australian employment dropped by 7,900 in January. Forecasters were off the mark completely, promising ahead of the report a big gain of 12,900. The unemployment rate increased unexpectedly from 5.8% to 6.0%. The Australian dollar dropped after the report but got […]
Read more
February 182016
Dollar Retreats After Dovish Fed Minutes
The US dollar traded lower against its major peers today following yesterday’s release of dovish minutes of the latest Federal Reserve’s policy meeting. The greenback was attempting to hold its ground immediately after the release, but buckled during the current trading session. The minutes showed that US policy makers were concerned about developments in the global economy, particularly in China, and their impact on the economy of the United States. As a result, the Fed […]
Read more