- 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: September 5, 2019
September 52019
Loonie Mixed Despite Positive Fundamentals
The Canadian dollar was mixed today, falling against such currencies as the US dollar and the euro but rising versus safe currencies, like the Japanese yen and the Swiss franc. Fundamentals specific for the loonie were largely positive, but apparently, factors that were affecting the Forex market in general had a bigger impact on the Canadian currency. The main theme on markets today was the plans to renew trade negotiations between the United States and China. […]
Read more
September 52019
US Dollar Edges Higher on US-China Talks, Jobs Numbers
The US dollar is edging slightly higher on Thursday against several major currency rivals, driven by a potential de-escalation in US-China trade tensions and optimism over the upcoming August jobs numbers. The flurry of positive economic data also contributed to the greenbackâs rebound. Global financial markets rallied on Thursday after the Chinese government announced that its trade representatives will travel to Washington next month to meet with American negotiators. Reports […]
Read more
September 52019
Euro Crashes From Daily Highs on Upbeat US ISM Services PMI
The euro today crashed from its daily highs in the American session following the release of the upbeat US ISM non-manufacturing PMI among other positive US releases. The EUR/USD currency pair had rallied to its daily highs in the early European session driven by the news that US-China trade talks are set to resume next month. The EUR/USD currency pair today rallied from a low of 1.1018 in the late Asian session to a high […]
Read more
September 52019
Pound Rallies to 6-Week Highs on Tory Resignations and Brexit News
The Sterling pound today rallied against the US dollar amid hope that British leaders would pass legislation to prevent a no-deal Brexit. The GBP/USD currency pair’s rally was also boosted by other political developments like Jo Johnson‘s resignation, which lead to an early election. The GBP/USD currency pair today rallied from a low of 1.2211 to a 6-week high of 1.2353 in the mid-London session and was near these highs at the time of writing. […]
Read more
September 52019
Swedish Krona Rises After Riksbank Maintains Interest Rates
The Swedish krona rallied today after Sweden’s central bank left its benchmark repo rate unchanged but continued to anticipate a rate hike in the future. The Riksbank left its main interest rate at -0.25% today. The central bank said in the accompanying statement: After several years of high growth, the Swedish economy, similar to economies abroad, has entered a calmer phase. The bank continued to anticipate an interest rate lift-off either […]
Read more
September 52019
USD/IDR Flat After Negative Consumer Confidence Report
The Indonesian rupiah was flat versus the US dollar after the negative consumer confidence report. The Bank Indonesia reported that the Consumer Confidence Index was at 123.1 in August. That was a decline from July’s 124.8. Still, the report said that the index was “in the optimistic zone”. USD/IDR was flat at 14,160 as of 8:15 GMT today. If you have any questions, comments, or opinions regarding the Indonesian Rupiah, feel free to post […]
Read more
September 52019
Positive GDP Print Doesn’t Help Swiss Franc
The Switzerland franc was weak today despite better-than-expected economic growth in Switzerland. The problem for the currency was the positive market sentiment, which reduced the Swissie’s appeal in the role of a safe currency. Switzerland’s State Secretariat for Economic Affairs reported that gross domestic product rose 0.3% in the second quarter of 2019 after rising 0.4% in the previous quarter. Still, the pace of growth was faster than 0.2% predicted by economists. But the positive developments […]
Read more
September 52019
Aussie Rallies on Trade Surplus, News About US-China Trade Talks
The Australian dollar rallied today against its major rivals. While decent macroeconomic data provided some help to the currency, the main contributor to the rally were the latest developments in the US-China trade conflict. The news came out today that the United States and China are going to resume their trade negotiations in “early October”. Both sides sounded optimistic about the planned talks. Previously, it was not clear if talks […]
Read more
September 52019
EUR/USD Rises Despite Improving US Employment, Reverses Movement After ISM Services PMI
EUR/USD was rising during Thursday’s trading session despite the positive news about the US-China conflict and strong employment growth in the United States. Only after the services index from the Institute for Supply Management surprised markets by a much-bigger-than-expected jump the currency pair retreated to trade near the opening level as of now. ADP employment rose by 195k in August, exceeding the average forecast of 148k. The July figure got a negative revision from 156k to 142k. […]
Read more