- 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 16, 2018
August 162018
Canadian Dollar Among Weakest Currencies Despite Solid Data
The Canadian dollar was among the weakest currencies today despite solid macroeconomic data and gains of crude oil, Canada’s major export commodity. The possible reason for that were resurfacing concerns about the Turkish situation. Statistics Canada reported that manufacturing sales rose 1.1% in June after increasing 1.5% in July. The reading was in line with analysts’ forecasts of a 1.0% increase. ADP employment showed growth by 11,600 jobs in July. […]
Read more
August 162018
Pound Attempts to Rally on Positive Retail Sales, Remains Vulnerable
The Great Britain pound attempted to rally against some of its rivals today but was still hanging near the 14-month lows. While UK retail sales beat expectations and the general market sentiment improved, Brexit fears were still weighing on the currency. Britain’s Office for National Statistics reported that retail sales increased 0.7% in July, recovering from the 0.5% drop in June. Analysts had predicted a smaller increase by 0.2%. […]
Read more
August 162018
EUR/USD Recovers as Market Sentiment Improves, US Manufacturing Slows
EUR/USD rebounded today, extending its recovery, amid improving market sentiment. Market participants became a bit more optimistic due to the news about Qatar investing in Turkey and renewed trade talks between the United States and China. US macroeconomic data, being rather unimpressive, did not prevent the rally of the currency pair. The Philly Fed manufacturing index was especially disappointing. Housing starts and building permits rose a bit in July. […]
Read more
August 162018
Euro Recovers as US-China Trade Talks Are Set to Resume
The euro today recovered from the 14-month lows hit yesterday following the news that trade negotiations between China and the USA are set to resume later this month. The EUR/USD currency pair was also boosted by the release of the latest Eurozone trade balance data in the early European session, which beat expectations. The EUR/USD currency pair today rallied from a low of 1.1335 in the Asian session to a high of 1.1399 before retracing some […]
Read more
August 162018
AUD Rallies on Improving Market Sentiment, Decent Economic Data
The Australian dollar rallied today, boosted mainly by the improving market sentiment. Australia’s macroeconomic data released over the trading session was somewhat mixed, but mostly good. The Australian Bureau of Statistics reported that employment shrank by 3,900 in July on a seasonally adjusted basis. That is compared to the forecast of an increase by 15,000 and the previous month’s revised hefty gain by 58,200. Looking deeper into the report, though, the situation did not seem […]
Read more