- 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?
Forex News
March 52019
Australian Dollar Soft Despite Positive Domestic Fundamentals
The Australian dollar was soft today even as domestic fundamentals were supportive to the currency. The likely reason for the currency’s weakness was bad news from China. Currently, the Aussie has trimmed its losses versus most majors. The Reserve Bank of Australia kept is main interest rate unchanged at 1.5% today, as was widely expected. Traders watched the accompanying statement closely, fearing it to be dovish. Yet it turned […]
Read more
December 32018
NZ Dollar Surges on News About US-China Trade War Truce
The New Zealand dollar surged along with other commodity currencies today on the news about a temporary truce in the trade war between the United States and China. The kiwi was unable to beat its Australian counterpart, which emerged as the strongest on the Forex market. The US and China leaders agreed for a 90-days truce. The countries will not implement additional tariffs against each other and open their markets during the period. While many analysts […]
Read more
November 302018
Swiss Franc Declines as Economic Barometer Falls Below Expectations
The Swiss franc declined today following the release of underwhelming macroeconomic data. While the currency actually gained immediately after the release, the rally was short-lived, and the Swissie retreated afterwards. The KOF Economic Barometer fell from 100.2 in October to 99.1 in November. Experts had predicted a smaller drop to 99.6. The report commented on the result: This monthâs decline was in particular due to less favourable export prospects. The impetus from foreign demand is […]
Read more
November 152018
USD/CAD Pair Trades in a Range for the Fourth Consecutive Session
The USD/CAD currency pair today traded in a consolidative range extending a trend that has been going on since the start of the week. The currency pair has been range bound despite the commodity-linked loonie being relatively weak due to the massive drop in global crude oil prices as tracked by the West Texas Intermediate. The USD/CAD currency pair today traded between an opening high of 1.3249 and a low of 1.3207 and was within the range at the time of writing. […]
Read more
November 132018
Euro Rallies Higher on Positive Sentiment Amid Italyâs Defiance
The euro today rallied higher against the US dollar driven by positive market sentiment backed by investors’ expectations of a future US-China trade deal. However, the single currency’s rally was significantly hampered by the ongoing standoff between the EU and Italy regarding its 2019 budget plans. The EUR/USD currency pair today rallied from a low of 1.1219 to a high of 1.1271 in the early American session. The currency pair’s initial rally was largely supported […]
Read more
September 132018
US Dollar Declines vs. Other Majors After CPI Miss, Gains vs. Yen
The US dollar was broadly lower against its most-traded rivals today following the release of a worse-than-expected inflation report and the improvement of the market sentiment. The currency managed to gain on the Japanese yen, though. The Consumer Price Index rose 0.2% in August, the same as in July. Experts were anticipating a slightly faster growth by 0.3%. The growth of the core CPI also missed expectations, slowing from 0.2% in July to 0.1% in August. The seasonally adjusted number of unemployment […]
Read more
August 42018
CAD Ends Week Strongest with Aid of Good Data & NAFTA Optimism
The Canadian dollar ended the past week as the strongest currency on the Forex market thanks to economic data and optimism about NAFTA talks. The loonie was lifted on Tuesday by the gross domestic product report that showed faster growth of Canada’s economy than was expected. On Friday, another positive report was released, showing that Canada’s trade deficit shrank much more than was expected. Additionally, signs that progress has […]
Read more
August 32018
Euro Stumbles As Business Growth, Retail Sales Stall
The euro weakened to a five-week low against the US dollar at the end of the trading week on the latest eurozone economic data that is indicating lackluster growth. Despite a rallying DAX and FTSE, the currency could not record any gains, adding to its string of losses over the last month. According to Eurostat, the official European statistics office, retail sales in the eurozone rose 0.3% in June for a 1.2% annual boost. This is lower than […]
Read more
August 32018
Australian Dollar Logs Small Gains During Friday’s Trading
The Australian dollar traded higher against most of its major peers today, though gains were marginal. Friday’s macroeconomic data was mixed, failing to provide the currency any meaningful boost. The Australian Bureau of Statistics reported that retail sales rose 0.4% in June from May, demonstrating the same rate of growth as in the previous month. Specialists had expected the growth to slow a bit to 0.3%. The Australian Industry Group Australian Performance […]
Read more
August 22018
Turkish Lira at New Record Lows After US Slaps Sanctions on Turkey
The Turkish lira slumped to the new all-time low today after the United States slapped sanctions on Turkey, its NATO ally, over detention of US pastor. Ankara accused evangelical Christian pastor Andrew Brunson of involvement in the failed military coup against President Recep Tayyip Erdogan in 2016. If convicted, he will face 35-year imprisonment. The incident and the resulting sanctions from the USA hurt the already strained relations between the two […]
Read more