- 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: April 18, 2019
April 182019
Loonie Shows Mixed Performance Despite Strong Retail Sales
The Canadian dollar showed mixed performance today despite favorable retail sales data. The explanation for this could be strength of its rivals as well as the decline of crude oil prices. Statistics Canada reported that retail sales rose 0.8% in February from the previous month on a seasonally adjusted basis following three consecutive monthly declines. Analysts had predicted a smaller increase by 0.4%. Core retail sales (sales excluding important […]
Read more
April 182019
Australian Dollar Mixed Despite Stellar Employment Data
The Australian dollar was mixed today despite extremely positive employment data. Other macroeconomic reports released in Australia during the Thursday’s trading session were less stellar. The Australian Bureau of Statistics reported that employment grew by 25,700 in March from the previous month after rising by 10,700 in February. Analysts had expected a smaller increase by 15,200. The increase was result of a gain in full-time employment by 48,300, while part-time employment decreased […]
Read more
April 182019
US Dollar Surges on Strong Retail Sales, Jobless Claims
The US dollar posted gains against some of its most traded currency rivals on Thursday, buoyed by strong data supporting claims that the US economy is doing rather well. This comes as the nation keeps all its eyes on the findings from special counsel Robert Mueller’s two-year investigation into collusion between President Donald Trump and Russia. According to the Bureau of Economic Analysis (BEA), retail sales advanced 1.6% […]
Read more
April 182019
Pound Falls Despite Upbeat UK Retail Sales, Extends Losses on US Data
The Sterling pound today fell against the US dollar despite the release of upbeat UK retail sales data in the early London session. The GBP/USD currency pair extended its losses following the release of positive retail sales data from the US docket in the early American session. The GBP/USD currency pair today fell from an Asian session high of 1.3053 to a low of 1.2992 and was in negative territory at the time of writing. The currency pair opened […]
Read more
April 182019
Euro Falls to Weekly Lows on Weak PMI Prints From the Euro Area
The euro today fell to new weekly lows against the US dollar following the release of disappointing German manufacturing PMI by IHS Markit earlier today. The EUR/USD currency pair fell to new lows after PMI data indicated that the euro area manufacturing sector was still contracting at a fast rate. The EUR/USD currency pair today fell from a session high of 1.1304 to a low of 1.1241 in the hours following the release and was trading […]
Read more
April 182019
EUR/USD Sinks After European PMIs
EUR/USD sank today following the releases of European Purchasing Managers’ Indices by Markit. While they were not completely negative, showing a mix of good and bad results, the currency pair did not respond well to the reports. US PMIs, on the other hand, were unquestionably disappointing, but that did not help the pair. Retail sales rose 1.6% in March from the previous month after falling 0.2% in February. Analysts had […]
Read more
April 182019
Loonie Gains on CPI & Trade Balance, Struggles to Keep Gains
The Canadian dollar gained on Wednesday thanks to positive domestic macroeconomic data. At the start of Thursday’s trading session the currency was losing its gains. Canada’s Consumer Price Index rose 0.3% in March from the previous months, seasonally adjusted. Without seasonal adjustments, the index rose 0.7% — the same as in February and in line with expectations. Year-on-year, the seasonally adjusted CPI rose 1.9%, accelerating from February’s 1.5%. The median CPI rose 2.0% […]
Read more