- 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: June 14, 2019
June 142019
Brexit Worries Continue to Hammer Pound
The Great Britain pound sank against the US dollar and fell versus some other currencies, including the Swiss franc, today amid concerns that pro-Brexit candidate Boris Johnson is moving closer to becoming a new prime minister. There are also worries that, regardless of who wins leadership, Britain’s new leader simply will not have enough time to renegotiate the trade deal with the European Union before […]
Read more
June 142019
Ruble Gains vs. Dollar Despite Interest Rate Cut from Bank of Russia
The Russian ruble gained today versus the US dollar even after Russia’s central bank cut its key rate. The Bank of Russia announced today that it is cutting its main interest rate by 25 basis points to 7.5%. Furthermore, the central bank signaled that additional cuts are possible: If the situation develops in line with the baseline forecast, the Bank of Russia admits the possibility of further key […]
Read more
June 142019
Euro Falls Against US Dollar After US Retail Sales Top Expectations
The euro today fell to new weekly lows against the US dollar following the release of upbeat US retail sales data in the American session. The EUR/USD currency pair traded with a bearish bias for most of today’s session amid a risk-averse market mood given the US-China trade war. The EUR/USD currency pair today fell from a daily high of 1.1289 in the early European session before falling to a low of 1.1205 in the American session and was […]
Read more
June 142019
Canadian Dollar Mixed on Disappointing Auto Sales, Rising Energy Prices
The Canadian dollar is mixed at the end of the trading week, finding direction against several currencies on recent automobile sales data and rallying crude oil prices. The loonie is trying to take advantage of the many dovish comments at the Federal Reserve, further helping the dollar pare its losses in the last week. According to Statistics Canada, new motor vehicle sales came in at 185,000 in April, down from 187,000 in the previous month. This is […]
Read more
June 142019
Aussie Weakens on Poor China’s Data, Market Sentiment
The Australian dollar was soft today as the market sentiment remained negative following yesterday’s news about an attack on oil tankers in Middle East. Mixed macroeconomic data in China, Australia’s biggest trading partner, added to downside pressure on the currency. While some of the indicators were good, the arguably more important ones were surprisingly bad, suggesting that the Chinese economy struggles to maintain its impressive growth. The National Bureau of Statistics of China […]
Read more
June 142019
NZ Dollar Drops as Manufacturing Slows
The New Zealand dollar dropped against other most-traded currencies today as nation’s manufacturing sector almost stopped expanding last month. The general negative market sentiment wasn’t helping the currency either. The BusinessNZ Performance of Manufacturing Index dropped from 52.7 in April to 50.2 in May. The indicator was getting dangerously close to the 50.0 level of no-growth. Furthermore, it was the lowest reading since December 2012. BNZ Senior Economist Doug […]
Read more
June 142019
Next Move for AUD/JPY After Revisiting 74.96
By confirming 76.00 as resistance and revisiting 74.96 the price opens the door to very interesting possibilities. Long-term perspective The Australian dollar versus the Japanese yen currency pair managed to print on June 10, 2019, a bearish engulfing pattern in a very sensitive area: the 76.00 psychological level. This pattern came after a consolidation phase that formed, of course, under the level. In other words, it was the trigger that the bears were searching for. […]
Read more
June 142019
EUR/USD Sinks After US Retail Sales, Industrial Production
EUR/USD sank today even as US retail sales missed expectations. But the miss was small and the core components came out within expectations. Furthermore, both the headline and underline figures for the preceding month got a positive revision. And on top of that, industrial production beat forecasts. The positive data eased concerns that the US economy is experiencing slowdown. Retail sales rose 0.5% in May from April. That was below […]
Read more