- 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: December 5, 2017
December 52017
Canadian Dollar Fails to Rally, Erases Gains vs. Greenback
The Canadian dollar attempted to rally today but failed and has trimmed its gains by now. Against the US dollar, the loonie erased gains outright as the greenback was too strong during the current trading session. Canada’s trade balance deficit shrank to C$1.5 billion in October from C$3.4 billion in September. That was a smaller gap than the forecast C$2.3 billion. Yet the loonie could not outperform the greenback, which was […]
Read more
December 52017
When Forex Will Be Legal in India?
Currency trading is a lucrative profession which can be started with a low investment. However, citizens of several countries across the globe are not permitted to participate in the Forex market. India is one such country where currency trading, exclusive of INR (Indian Rupee) based pairs, is deemed illegal and a non-bailable offence. As of date, citizens residing in India are allowed to trade derivative contracts underlining four currency […]
Read more
December 52017
EUR/USD Drops Despite Slowing US Services Sector
EUR/USD dropped today even though data released over the trading session revealed that growth of the US services sector slowed in November more than was expected. Market analysts attributed the dollar’s strength to the euphoria after the Senate passed its version of the tax reform bill on the weekend. Now, the Senate and the House of Representatives need to reconcile their versions of the bill, and markets may act erratically depending on the news they will hear. […]
Read more
December 52017
Euro Fails to Sustain Brief Rally Despite Solid Services PMI Data
The euro today failed to sustain its brief rally against the US dollar despite the release of solid Markit Services PMI data from across the Eurozone. The release of the Markit Eurozone Services PMI in the early European session was responsible for the EUR/USD’s brief rally. The EUR/USD currency pair rallied by over 30 points from a low of 1.1840 before the PMI releases to an intra-day high of 1.1873. The pair had retraced most of its gains […]
Read more
December 52017
Australian Dollar Rallies on Economic Data, RBA Statement
The Australian dollar rallied today following good economic reports from Australia and its main trading partner, China. The statement released by the Reserve Bank of Australia following the policy meeting was also relatively helpful to the currency. The RBA kept its main interest rate at 1.5%, providing no surprise. The accompanying statement was almost the same as the previous ones for the most part, but it was interesting to see that the bank dropped […]
Read more
December 52017
Sterling Slides as Brexit Talks Encounter Another Roadblock
The Great Britain pound dropped today after the Brexit talks planned for yesterday failed to yield a result, collapsing at the last minute. The fact that growth of Britain’s services sector slowed more than was expected did not help the currency either. Hopes were high yesterday for the meeting between British Prime Minister Theresa Mayâs lunch and European Commission President Jean-Claude Juncker. Yet May had to cancel the talks after […]
Read more