- 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 3, 2018
December 32018
Pound Declines Ahead of Important Brexit Vote
The Great Britain pound declined against other most-traded currencies today as Brexit worries outweighed positive macroeconomic data released during the European trading session. The UK Parliament will vote on December 11 for the trade deal between the United Kingdom and the European Union. The vast majority of specialists agree that the deal will likely be rejected. Such outcome can result in a range of negative repercussions, from resigning of Prime Minister Theresa […]
Read more
December 32018
Positive Market Sentiment Does Not Prevent Rally of Swiss Franc
The Swiss franc gained today even though the market sentiment was favorable to riskier currencies, not the safer ones. Domestic macroeconomic data was positive but did not seem to play a part in the currency’s rally. The Swiss manufacturing Purchasing Managers’ Index rose from 57.4 to 57.7 in November. Analysts had predicted a decline to 56.3. Retail sales climbed 0.8% in October from the previous year, while the median forecast had […]
Read more
December 32018
Japanese Yen Gains on Majors Despite Positive Market Sentiment
While the Japanese yen was soft against commodity currencies today, it managed to gain on many other most-traded peers. That was surprising considering the risk-on market sentiment, which made safe currencies less attractive to traders. The Ministry of Finance Japan reported that capital spending rose 4.5% in the third quarter of this year from the same period a year ago, missing the average forecast of an 8.6% increase. The Nikkei Japan […]
Read more
December 32018
Euro Rallies on Risk-On Sentiment, Later Declines as Markets Cool Off
The euro today rallied higher against the US dollar during the Asian session mainly due to the risk-on sentiment following the US-China trade truce. The euro later declined in the early European session as market sentiment became neutral and the EUR/USD currency pair moved into negative territory. The EUR/USD currency pair today rallied to a high of 1.1378 before dropping to a daily low of 1.1318, but had retraced most of its losses at the time of writing. […]
Read more
December 32018
Canadian Dollar Surges on Trade Truce, Higher Energy Prices
The Canadian dollar is surging against its American counterpart to start the trading week, supported by rallying energy prices and the temporary pause in trade hostilities between the worldâs two largest economies. The loonie, which has retreated nearly 5% this year, is looking to finish the year strong. Over the weekend, President Donald Trump and Chinese President Xi Jinping held talks in Argentina during the G20 summit to discuss the year-long trade […]
Read more
December 32018
Aussie Emerges as Strongest on Forex Market, Ignores Domestic Data
The Australian dollar opened sharply higher on Monday thanks to the news about a ceasefire in the trade war between the United States and China. The news overshadowed Australia’s domestic macroeconomic reports, basically all of which were poor. The Australian Industry Group Australian Performance of Manufacturing Index slumped from 58.3 in October to 51.3 in November, signaling that manufacturing growth slowed significantly. In fact, it was the lowest reading since October 2017. Building […]
Read more
December 32018
NZ Dollar Surges on News About US-China Trade War Truce
The New Zealand dollar surged along with other commodity currencies today on the news about a temporary truce in the trade war between the United States and China. The kiwi was unable to beat its Australian counterpart, which emerged as the strongest on the Forex market. The US and China leaders agreed for a 90-days truce. The countries will not implement additional tariffs against each other and open their markets during the period. While many analysts […]
Read more
December 32018
EUR/USD Stable After Volatile Moves on US-China Truce News
EUR/USD was moving up and down after the news that United States and China achieved a temporary truce in the trade war. Currently, the currency pair trades flat. US macroeconomic data, which was mixed, was overshadowed by the news about ceasefire. Markit manufacturing PMI was at 55.3 in November according to the final estimate, slightly down from the October’s reading of 55.7. The actual figure was near analysts’ forecasts and the preliminary estimate […]
Read more