- 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 1, 2016
March 12016
US Economic Data Helps Dollar Gain on Euro
Reports released from the United States over the current session were relatively good, being either within expectations or better. This led to a rally of the dollar. Meanwhile, the euro languished as traders were waiting for the monetary policy decision of the European Central Bank next week, anticipating some form of monetary stimulus from the bank. Revised Markit manufacturing PMI was down to 51.3 in February from 52.4 in January. It was the weakest […]
Read more
March 12016
US Dollar Trades Mixed as ISM Data is Released
Greenback is trading mixed today as the latest ISM data is released. The US dollar is down against sterling, but up against the euro and the yen. The dollar index is also higher today. The latest ISM data showed an improvement to 49.5 in February, up from January’s reading of 48.2. This still marks several months of being below the 50.0 mark, but there is still improvement. While the news is […]
Read more
March 12016
Yen Retreats, Finds Little Help from China’s Poor Manufacturing Data
The Japanese yen fell today, retreating from the highest level in almost three years against the euro, even though poor manufacturing data from China, both official and private, was detrimental to investors’ risk appetite. Both official and private Caixin reports showed that China’s manufacturing sector continued to deteriorate in February. While the news has had some impact on markets initially, it was short-lived, and now traders feel […]
Read more
March 12016
Aussie Higher After Reserve Bank of Australia Holds
The Australian dollar edged higher today following the monetary policy policy meeting of Australia’s central bank. The currency shrugged off negative economic data, both domestic and overseas. The Reserve Bank of Australia left its key interest rate unchanged at 2%, surprising no one. The bank suggested in the statement that policy easing is still possible: Continued low inflation would provide scope for easier policy, should that be […]
Read more