- 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 18, 2019
June 182019
Rising Oil Prices Help Canadian Dollar Ignore Unfavorable Data
The Canadian dollar was generally firm today despite unfavorable domestic macroeconomic data. The likely reason for the loonie’s good performance was the sharp rally of prices for crude oil, Canada’s major source of export revenue. The North American grade of crude oil jumped almost 4% in New York today due to a range of factors. One of them was a tweet from US President Donald Trump that suggested that the world’s two […]
Read more
June 182019
US Dollar Gains on Majors, Soft vs. Commodity Currencies
The US dollar traded generally higher against other majors today, though fell versus commodity currencies, even the extremely vulnerable Australian dollar. The current trading session was very light on macroeconomic data, with housing starts and building permits being the only report released in the United States today, and traders wait for tomorrow’s monetary policy decision from the Federal Reserve to drive the market. The US Census Bureau reported that […]
Read more
June 182019
Chinese Yuan Strengthens on Solid Housing Prices, Retail Sales
The Chinese yuan is strengthening against several major currencies on Tuesday, supported by solid housing prices and retail sales in May. Although industrial output and fixed asset investment figures came in lower than expected, they were still commendable at a time when the worldâs second-largest economy is engaged in a bitter trade war with the US. According to the National Bureau of Statistics (NBS), the average price of newly constructed homes in the countyâs biggest […]
Read more
June 182019
Turkish Lira Gains on US Dollar Despite Unfavorable Data
The Turkish lira gained on the US dollar today. That is surprising considering that macroeconomic data released in Turkey during the trading session was unfavorable. Turkey’s industrial production dropped 4% in April, year-on-year, after falling 2% in the previous month. The consensus forecast had promised a smaller decline by 2.5%. Retail sales tumbled 6.9% in April, year-on-year, also more than was expected. USD/TRY dropped from 5.8700 to 5.8333 […]
Read more
June 182019
Euro Falls to 2-Week Lows on Dovish Draghi Speech and Weak Data
The euro today fell to new 2-week lows following Mario Draghi’s introductory speech at the ongoing ECB Forum in Sintra, Portugal, which was interpreted as being very dovish. The EUR/USD currency pair was also weighed down by macro releases from Germany and the euro area, which missed expectations. The EUR/USD currency pair today fell from a daily high of 1.1242 to a low of 1.1180 after Draghi’s speech and was near these […]
Read more
June 182019
Brexit Fears Continue to Pressure Sterling
The Great Britain pound declined today as Brexit fears continued to weigh on the currency. The losses were limited, though, and the sterling has managed to eliminate them against some rivals. Today, Britain’s Conservative party will hold the second round of elections to choose its new leader. The contender with the lowest number of votes as well as any candidate with less than 33 votes will leave the race. The results are expected to be […]
Read more
June 182019
Aussie Declines for Fifth Session on RBA Interest Rate Cut Prospects, Economic Data
The Australian dollar fell today, declining for the fifth consecutive trading session versus such majors as the US dollar and the Japanese yen. While the Aussie also fell against the euro initially, the shared currency of the eurozone has lost its gains by now. The reasons for the decline of Australia’s currency were the prospects for additional interest rate cuts from the Reserve Bank of Australia and unfavorable Australian macroeconomic data released during the Tuesday’s session. The RBA released […]
Read more