- 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 30, 2019
September 302019
Chinese Yuan Weakens Despite Slight Improvement in Data
The Chinese yuan is weakening to start the trading week, despite a slight improvement in economic data. The yuan, which has been battered against most currency rivals, has slipped way beyond the 7 threshold, leaving analysts wondering if this is the point of no return between the greenback and the yuan. The only way the market will find out is next month in Washington. According to the National Bureau of Statistics (NBS), the manufacturing […]
Read more
September 302019
CAD/JPY Trying to Secure 81.38
The Canadian dollar versus the Japanese yen currency managed to oscillate above 81.30 and confirmed it with the low of September 30. Long-term perspective Reentering in the descending channel after the low printed at 78.49 marked a period that favored the bulls, who managed to bring the price above the old support area of 81.38. This was followed by a confirmation that ended with the break of the support. But, surprisingly, the bulls were able to make their […]
Read more
September 302019
Euro Softer After Slew of Macroeconomic Reports
The euro fell against the US dollar as well as some other major currencies after the release of a slew of macroeconomic reports in Europe today. Market experts attributed the euro’s decline to the weaker-than-expected inflation data. Unemployment reports, on the other hand, were surprisingly good. German retail sales rose 0.5% in August from the previous month, matching expectations. The drop in July got a significant positive revision to 0.8% from 2.2%. The Consumer Price Index […]
Read more
September 302019
Sterling Strong Despite Poor Macroeconomic Data
The Great Britain pound was rather strong today. That is surprising considering that domestic macroeconomic reports were unhelpful, demonstrating the weakness of the British economy. The Brexit also continued to weigh on the currency, though today there was no major news about it. Britain’s Office for National Statistics reported that the current account deficit narrowed to £25.2 billion in the second quarter of this year from £33.1 billion in the first […]
Read more
September 302019
Yen Mixed on Macroeconomic Data, BoJ Monetary Policy Stance
The Japanese yen was mixed today despite the market sentiment that was favorable to safer currencies. Domestic macroeconomic data was mixed, but there were more negative reports than positive ones. Additionally, Japan’s central bank signaled about the possibility of additional monetary easing soon. Japan’s Ministry of Economy, Trade, and Industry reported that industrial production shrank 1.2% in August from the previous month on a seasonally adjusted […]
Read more
September 302019
Aussie Mixed amid Negative Fundamentals
It looked like all fundamentals were negative for the Australian dollar today. That included the disappointing growth of private sector credit, the dovish monetary policy outlook, and the market sentiment that was unfavorable for riskier currencies. Yet surprisingly, the Aussie did not perform that bad considering all the negative factors. While it fell against some major rivals, the currency managed to gain on others. The Reserve Bank of Australia reported […]
Read more
September 302019
NZ Dollar Drops, Touching 4-Year Low vs. US Dollar
The New Zealand dollar dropped today, touching the lowest level in four years versus its US counterpart. The currency was dragged down by poor domestic macroeconomic data and the general risk-off sentiment on the Forex market. A positive report about China’s manufacturing sector limited the downside momentum, though. Not all of New Zealand data was bad as the Statistics New Zealand reported that the seasonally adjusted number of building consents rose […]
Read more