- 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 29, 2019
August 292019
Japanese Yen Slides As Leading Economic Indicators Weaken
The Japanese yen is tumbling toward the end of the trading week, driven by a decline in several leading economic indicators. With the yen experiencing spikes since Tokyo reached a trade agreement in principle with the US, officials say that they monitoring the currency âwith a sense of urgency.â Investors were once again assured by the central bank that the worldâs third-largest economy is not showing any signs of a recession. Japanâs Composite Index […]
Read more
August 292019
South African Rand Gains Despite Disappointing PPI
The South African rand rallied against the US dollar and the euro today after falling earlier due to disappointing macroeconomic data. It looks like the market sentiment was positive enough to support the currency. South Africa’s Producer Price Index rose by 4.9% in July, year-on-year. That was a noticeable slowdown from June’s 5.8% rate of growth and trailed market expectations of a 5.4% increase. In fact, that was the lowest inflation rate […]
Read more
August 292019
Euro Falls on Weak Eurozone Releases, Spikes Higher on ECB Speak
The euro today fell against the US dollar in the early European session following a series of weak releases from France, Germany and the eurozone. The EUR/USD currency pair extended its losses following the release of upbeat US GDP data before spiking higher on hawkish ECB comments then quickly falling back. The EUR/USD currency pair today spiked to an intraday high of 1.1093 before falling back to a low of 1.1042 and was trading near […]
Read more
August 292019
Australian Dollar Weakens on Poor Data, Rebounds Later
The Australian dollar was largely following the footsteps of its New Zealand counterpart today, falling initially during the Thursday’s session due to poor domestic data but rebounding later on the improving market sentiment before weakening yet again afterward. The Aussie did a better job of retaining its gains than the kiwi, though. The Australian Bureau of Statistics reported that private capital expenditure fell by 0.5% in the June quarter from the previous […]
Read more
August 292019
NZ Dollar Moves Back and Forth amid Conflicting Fundamentals
The New Zealand dollar was volatile today amid clashing fundamentals. The currency started the session weak due to soft domestic macroeconomic data but rebounded after the market sentiment improved. Currently, though, the kiwi pulled back once again but retained gains versus safer currencies. The ANZ Business Confidence worsened to -52.3 in August from -44.3 in July. It was the lowest reading since August 2008. The report said: […]
Read more
August 292019
EUR/USD Extends Decline After Market Sentiment Improves
EUR/USD declined today for the fourth consecutive trading session. The main piece of news today was the fact that China’s rhetoric softened a bit, signaling that China’s government is willing to negotiate with the United States in order to end the trade war. US GDP rose 2.0% in Q2 2019 according to the preliminary (second) estimate after rising 3.1% in Q1. The figure matched forecasts and was a notch lower than the advance (first) […]
Read more