- 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: November 2, 2020
November 22020
CAD Surges on Sharp Oil Prices Rebound, Strong Manufacturing PMI
The Canadian dollar was the strongest currency on the Forex market on Monday. The reason for the currency’s impressive performance was primarily the sharp bounce of crude oil prices, though Canada’s macroeconomic data was also supportive of the loonie. Crude started Monday extremely weak, tanking about 5% due to concerns that the second wave of the COVID-19 pandemic and the second lockdown in the European Union will limit demand for the commodity. But oil prices rebounded by the end […]
Read more
November 22020
US Dollar Index Edges Higher As Investors Brace for 2020 Election
The US dollar is trading slightly higher against some of its currency peers one day before the 2020 presidential election. Investors are anticipating volatility across the broader financial markets this week, although the consensus on Wall Street is that investment houses desire a clear result for either President Donald Trump or former Vice President Joe Biden. Until then, the uncertainty surrounding Election Day could be […]
Read more
November 22020
Sterling Weak as Britain Prepares for Lockdown
The Great Britain pound was soft today, though it managed to gain on the Swiss franc. The major source of the sterling’s weakness was the news that the country will enter a second lockdown this week. British Prime Minister Boris Johnson announced on the weekend that the country will enter a strict month-long lockdown on November 5. The Prime Minister was planning to make the announcement on Monday but was forced to do it prematurely […]
Read more
November 22020
Japanese Yen Mixed Ahead of BoJ Monetary Policy Meeting Minutes
The Bank of Japan was about flat against major rivals and fell versus commodity currencies today. Better-then-expected domestic manufacturing data was unable to help the currency. Now, traders wait for minutes of the latest monetary policy meeting of the nation’s central bank. The headline au Jibun Bank Japan Manufacturing Purchasing Managers’ Index rose to 48.7 in October from 47.7 in September according to the final estimate. The actual reading beat market expectations […]
Read more
November 22020
Euro Mixed amid Fears of Second Lockdown
The euro was mixed today, rising against some currencies and falling versus others. There were plenty of reasons for the currency to fall, though robust macroeconomic data released on Monday was supportive of the shared 19-nation currency. The number of new coronavirus cases continues to increase across Europe. Data suggests that some parts of the region experience the worst rates of infection in the world. One after another European countries return to lockdown, and that […]
Read more
November 22020
Australian Dollar Second Strongest Ahead of RBA Meeting
The Australian dollar was the second strongest currency on the Forex market today, losing only to the Canadian dollar. The Aussie rallied for the same reasons as the New Zealand dollar: the rebound of crude oil prices, good economic data in China, decent domestic macroeconomic reports. The Australian Industry Group Australian Performance of Manufacturing Index climbed from 46.7 in October to 56.3 in November. Being above the neutral 50.0 level, the index suggests that the sector returned […]
Read more
November 22020
New Zealand Dollar Rallies, Domestic & Chinese Data Helps
The New Zealand dollar rallied against major currencies today, though was unable to beat its commodity-linked counterparts. Market analysts explained the rally by the sharp rebound of crude oil prices after an intraday decline. Positive macroeconomic data from New Zealand itself and the country’s biggest trading partner, China, was also supporting the kiwi. Over the weekend, China released reports on the manufacturing and services industries in October. Both indicators were […]
Read more
November 22020
Bulls to Test 0.7010 on AUD/USD
The Australian versus the United States dollar currency pair is at the 0.7010 support level. Will the bulls have the strength to secure another rise? Long-term perspective After the validation of the 0.5978 intermediary level as support, the price continued rising, extending until the 0.7413 high. As the bulls let the price throwback to 0.7320 so that it becomes support, the bears took their chance and sent the price beneath the level. As a result, the drop prolonged until […]
Read more