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Day: December 5, 2016
December 52016
Do You Pay Taxes on Forex Trading Gains?
Paying taxes is really the last thing a new foreign exchange trader should care about, but it is definitely a serious issue for any profitable trader. Correct handling of one’s taxes is not only ethical but will help to avoid unnecessary problems and expenditures in the future. I am not a certified tax advisor, and the aim of this post is not to explain the details of paying taxes on Forex profits. The post […]
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December 52016
Australian Dollar Mixed After Australian & Chinese Data
The Australian dollar rose against such currencies as the US dollar and the Japanese yen during Monday’s trading but fell against the very strong euro and traded flat versus the Swiss franc. The Australian Industry Group Services Index rose from 50.5 to 51.1 in November. Australia’s company gross operating profits rose just 1.0% in the September quarter from the previous three months, much less than analysts had promised (3.1%). […]
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December 52016
Australian Dollar Mixed After Australian & Chinese Data
The Australian dollar rose against such currencies as the US dollar and the Japanese yen during Monday’s trading but fell against the very strong euro and traded flat versus the Swiss franc. The Australian Industry Group Services Index rose from 50.5 to 51.1 in November. Australia’s company gross operating profits rose just 1.0% in the September quarter from the previous three months, much less than analysts had promised (3.1%). […]
Read more
December 52016
British Pound Falls as Euro Rebounds from Early Losses
The British pound retreated against the euro on Monday, after touching its highest level in 5 months versus the shared currency. The euro recovered from all of its earlier losses today, which it had recorded following a constitutional referendum in Italy. Italian voters chose to shoot down amends to the nationâs constitution, which were put forward by Italian Prime Minister Matteo Renzi and his Democratic Party. 59.1% of voters refused […]
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December 52016
British Pound Falls as Euro Rebounds from Early Losses
The British pound retreated against the euro on Monday, after touching its highest level in 5 months versus the shared currency. The euro recovered from all of its earlier losses today, which it had recorded following a constitutional referendum in Italy. Italian voters chose to shoot down amends to the nationâs constitution, which were put forward by Italian Prime Minister Matteo Renzi and his Democratic Party. 59.1% of voters refused […]
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December 52016
EUR/USD Swings Down Then Up After Italy’s Referendum
The main factor influencing EUR/USD today was the Italian constitutional referendum that has been held on Sunday. Initially, the currency pair reacted very negatively to the outcome of the voting as it ended with rejections of reforms proposed by Italian Prime Minister Matteo Renzi and his resignation. Yet EUR/USD bounced strongly after markets digested the news and decided that it is not the end of the world. As for today’s US economic data, it […]
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December 52016
US Dollar Reverses Gains Achieved Against Euro After Italyâs Referendum
The dollar experienced strong volatility on Monday as a major political event in Europe raised the anxiety of currency traders and forced the euro to be subjected to rapid movements against the US currency. A constitutional referendum, which took place in Italy on Sunday, revealed that the nation refused constitutional reforms that were suggested by Italian Prime Minister Matteo Renzi. The crushing defeat in the referendum prompted Renzi to announce that he will be resigning from […]
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December 52016
US Dollar Reverses Gains Achieved Against Euro After Italyâs Referendum
The dollar experienced strong volatility on Monday as a major political event in Europe raised the anxiety of currency traders and forced the euro to be subjected to rapid movements against the US currency. A constitutional referendum, which took place in Italy on Sunday, revealed that the nation refused constitutional reforms that were suggested by Italian Prime Minister Matteo Renzi. The crushing defeat in the referendum prompted Renzi to announce that he will be resigning from […]
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December 52016
Euro Demonstrates Volatile Swings After Italian Referendum
The euro fell sharply after the Italian referendum resulted in rejection of proposed reforms and resignation of the country’s leader. Yet the currency bounced even more sharply after markets digested the news. On Sunday, constitutional reforms proposed by Prime Minister Matteo Renzi were met with resounding “no” from voters. As he promised, Renzi announced resignation after the negative outcome of the voting. Initially, markets reacted with panic to the news, and speculations started […]
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December 52016
Euro Demonstrates Volatile Swings After Italian Referendum
The euro fell sharply after the Italian referendum resulted in rejection of proposed reforms and resignation of the country’s leader. Yet the currency bounced even more sharply after markets digested the news. On Sunday, constitutional reforms proposed by Prime Minister Matteo Renzi were met with resounding “no” from voters. As he promised, Renzi announced resignation after the negative outcome of the voting. Initially, markets reacted with panic to the news, and speculations started […]
Read more