- 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: August 28, 2017
August 282017
Sterling Remains Vulnerable to Brexit Uncertainty
The Great Britain pound fell against the US dollar intraday but has recovered by now. The sterling was more soft against other currencies, driven down by the Brexit uncertainties. Another round of negotiations between the United Kingdom and the European Union will happen this week. While the UK government showed signs of softer stance, it is likely that the discussion will be as tough as the previous ones. That sapped the sterling’s […]
Read more
August 282017
Sterling Remains Vulnerable to Brexit Uncertainty
The Great Britain pound fell against the US dollar intraday but has recovered by now. The sterling was more soft against other currencies, driven down by the Brexit uncertainties. Another round of negotiations between the United Kingdom and the European Union will happen this week. While the UK government showed signs of softer stance, it is likely that the discussion will be as tough as the previous ones. That sapped the sterling’s […]
Read more
August 282017
How Would a War with North Korea Affect Forex?
Despite the recent developments in the North Korea crisis, I do not hold the probability of the actual war action higher than 0.1%. The North Korean artillery, holding Seoul hostage, would prevent the Western world from initiating the armed conflict. The fact that there is no possibility for the North Korean leadership to survive the conflict would prevent them from starting the war. Despite some experts comparing the situation with the Cuban Missile […]
Read more
August 282017
EUR/USD Hits New Two-Year Highs on Weak US Dollar
The EUR/USD currency pair today hit a 31-month high during the North American session after the release of disappointing US advance goods trade balance data. The currency pair’s rally started on Friday after Janet Yellen‘s and Mario Draghi‘s speeches at the Jackson Hole symposium, which triggered the euro’s rally against the greenback. The currency pair opened today’s session with a sudden decline from highs set during the Asian session, but […]
Read more
August 282017
EUR/USD Hits New Two-Year Highs on Weak US Dollar
The EUR/USD currency pair today hit a 31-month high during the North American session after the release of disappointing US advance goods trade balance data. The currency pair’s rally started on Friday after Janet Yellen‘s and Mario Draghi‘s speeches at the Jackson Hole symposium, which triggered the euro’s rally against the greenback. The currency pair opened today’s session with a sudden decline from highs set during the Asian session, but […]
Read more
August 282017
PBoC Sets Daily Fixing for Yuan Higher
The Chinese yuan rose against the US dollar today as China’s central bank allowed its currency to appreciate to the strongest level in more than a year. The People’s Bank of China set the midpoint for the currency at 6.6353 per dollar, the highest level since August 19, 2016. The yuan is allowed to trade 2% above or below the reference rate. It resulted in a good performance of the yuan, though other Asian currencies were strong versus […]
Read more
August 282017
PBoC Sets Daily Fixing for Yuan Higher
The Chinese yuan rose against the US dollar today as China’s central bank allowed its currency to appreciate to the strongest level in more than a year. The People’s Bank of China set the midpoint for the currency at 6.6353 per dollar, the highest level since August 19, 2016. The yuan is allowed to trade 2% above or below the reference rate. It resulted in a good performance of the yuan, though other Asian currencies were strong versus […]
Read more
August 282017
Japanese Yen Rises Versus Euro in Monday’s Quiet Trading
The Japanese yen rose against some major currencies, including the euro and the Great Britain pound, today. The gains were limited, though, and the yen was largely flat against other majors and even fell a bit against commodity currencies. Traders were rather disappointed by the last week’s Jackson Hole Symposium as neither Federal Reserve Chairwoman Janet Yellen, nor European Central Bank President Mario Draghi talked about monetary […]
Read more
August 282017
Japanese Yen Rises Versus Euro in Monday’s Quiet Trading
The Japanese yen rose against some major currencies, including the euro and the Great Britain pound, today. The gains were limited, though, and the yen was largely flat against other majors and even fell a bit against commodity currencies. Traders were rather disappointed by the last week’s Jackson Hole Symposium as neither Federal Reserve Chairwoman Janet Yellen, nor European Central Bank President Mario Draghi talked about monetary […]
Read more