- 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: December 2, 2020
December 22020
Chinese Yuan Shrugs Off Report Joe Biden Will Not Remove Tariffs on China
The Chinese yuan is shrugging off a report that President-Elect Joe Biden would not immediately remove the higher tariffs placed on the world’s second-largest economy. The yuan, which has been one of the top-performing currencies in foreign exchange markets, maintained its upward trajectory as it looks to test 6.5 against its US peer. Speaking in an interview with The New York Times, Biden revealed that he would not immediately […]
Read more
December 22020
EUR/USD Falls Despite Positive Eurozone Macro Releases
EUR/USD fell today despite all macroeconomic reports released in the eurozone during Wednesday’s trading session were good, and the vast majority of them beat expectations. Against other rivals, the euro did not show a unified performance, rising against some but falling against others. Eurostat reported that the unemployment rate in the eurozone was at 8.4% in October, down from 8.5% in September, in line with forecasts. Industrial producer prices […]
Read more
December 22020
Swiss Franc Strong, Defying Fundamentals
The Swiss franc was the strongest currency on the Forex market today, rising against all other most-traded rivals. That was a very puzzling performance, considering that news neither from Switzerland nor from abroad was positive for the currency. Switzerland Federal Statistical Office reported that the consumer price index fell by 0.2% in November compared with the previous month after showing no change in October. Market participants were ready […]
Read more
December 22020
Pound Sinks After Comments from EU Chief Brexit Negotiator
The Great Britain pound dropped today, falling against all other most-traded currencies. It dropped even versus the Japanese yen, which previously was the weakest currency during Wednesday’s trading. The reason for that was comments from the European Union chief Brexit negotiator. The sterling was getting support yesterday from hopes that a trade deal between the United Kingdom and the European Union can be reached before the year’s […]
Read more
December 22020
NZ Dollar Stable Despite Drop in Overseas Trade Index
The New Zealand dollar was stable today, staying flat against most of its rivals and even gaining on some of them. That is despite the worse-than-expected trade report released on Wednesday. Statistics New Zealand reported that the Overseas Trade Index dropped by 4.7% in the September quarter compared with the June quarter after rising by 2.4% in the previous three months. The drop was bigger than 3.7% predicted by economists. Furthermore, that […]
Read more
December 22020
Yen Soft After Economic Data, BoJ Deputy Governor’s Comments
The Japanese yen was very weak today. In fact, it logged losses against all other most-traded currencies. Domestic macroeconomic data was decent, therefore it could not be the reason for the weakness. Dovish comments of the central bank’s deputy governor, on the other hand, could. The Bank of Japan reported that the monetary base expanded by 16.5% in November from the same month of the previous year after rising by 16.3% in October. Economists […]
Read more
December 22020
Australian Dollar Flat Despite Better-than-Expected GDP
The Australian dollar was trading flat today even though Australia’s gross domestic product rose more than was expected and the central bank’s chief delivered a rather optimistic speech. The Australian Bureau of Statistics reported that GDP rose by 3.3% on a seasonally adjusted basis in the third quarter of 2020 from the previous three months. The consensus forecast had promised a slower growth of 2.5%. The increase followed the record 7.0% drop in the previous […]
Read more
December 22020
AUD/NZD in Freefall After 1.0474 Gave Way
The Australian versus the New Zealand dollar currency pair is under heavy bearish pressure. Could the bulls still do something to rectify the situation? Long-term perspective After the 1.0551 firm support area was validated by the formation of the 1.0566 low just above it, the price extended the rise until the 1.1043 high. However, from that point onwards, the bears were not content with letting the bulls see further gains. […]
Read more