- 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
November 172016
British Pound Loses Gains as Brexit Overshadows Impressive Retail Sales Growth
The British pound appreciated on Thursday against the US dollar following the release of retail sales data, which showed the strongest growth in 14 years. However, the UK currency was unable to maintain its gains as uncertainty about the nationâs future as a member in the European Union overshadowed the positive data. A report issued by the Office for National Statistics earlier today said that retail sales volumes rose by 1.9% in October from September, which is […]
Read more
November 162016
US Dollar Surges to Its Highest Level Since 2003 on Trump’s Fiscal Policy
The dollar rose to its strongest level since 2003 against the euro and a basket of major currencies on Wednesday. The US currencyâs surge that lasted for six days in a row drew strength from speculations that President-elect Donald Trump might increase fiscal spending. Investors expect that US inflation will get a strong push from the administration of Trump, which is set to introduce new tax cuts and increase fiscal spending […]
Read more
November 162016
US Dollar Surges to Its Highest Level Since 2003 on Trump’s Fiscal Policy
The dollar rose to its strongest level since 2003 against the euro and a basket of major currencies on Wednesday. The US currencyâs surge that lasted for six days in a row drew strength from speculations that President-elect Donald Trump might increase fiscal spending. Investors expect that US inflation will get a strong push from the administration of Trump, which is set to introduce new tax cuts and increase fiscal spending […]
Read more
November 162016
Pound Doesn’t Move Far After Confusing Employment Data
The Great Britain pound traded in a narrow range today, not moving far from the opening level, as mixed employment data did not give a reason for the currency to go either up or down. According to the report released today, average weekly earnings rose 2.3% in three months through September from the same period a year ago, matching forecasts and the same as in the previous reporting period. The unemployment rate slipped unexpectedly from 4.9% […]
Read more
November 162016
Pound Doesn’t Move Far After Confusing Employment Data
The Great Britain pound traded in a narrow range today, not moving far from the opening level, as mixed employment data did not give a reason for the currency to go either up or down. According to the report released today, average weekly earnings rose 2.3% in three months through September from the same period a year ago, matching forecasts and the same as in the previous reporting period. The unemployment rate slipped unexpectedly from 4.9% […]
Read more
November 162016
Australian Dollar Sinks Despite Decent Economic Reports
The Australian dollar sank against its major peers today. It is hard to say why the currency was so weak considering that economic data released from Australia on Wednesday was not that bad. The Westpac-Melbourne Institute Leading Index showed slower growth in October than in September, but it still was not bad, and Westpac’s Chief Economist Bill Evans commented: The October reading is the third […]
Read more
November 162016
Australian Dollar Sinks Despite Decent Economic Reports
The Australian dollar sank against its major peers today. It is hard to say why the currency was so weak considering that economic data released from Australia on Wednesday was not that bad. The Westpac-Melbourne Institute Leading Index showed slower growth in October than in September, but it still was not bad, and Westpac’s Chief Economist Bill Evans commented: The October reading is the third […]
Read more
November 152016
US Dollar Maintains Gains Against Euro on Positive Retail Sales Data
The dollar traded on Tuesday near its highest level in almost a year as the US currency continued to be supported by positive data releases in the worldâs biggest economy. New comments from Federal Reserve officials, which backed a rate hike in December, also boosted the greenback. A report published by the Department of Commerce on Tuesday showed that US retail sales growth, which is the main driver of the economic growth in the country, was at 0.8% in October. […]
Read more
November 152016
US Dollar Maintains Gains Against Euro on Positive Retail Sales Data
The dollar traded on Tuesday near its highest level in almost a year as the US currency continued to be supported by positive data releases in the worldâs biggest economy. New comments from Federal Reserve officials, which backed a rate hike in December, also boosted the greenback. A report published by the Department of Commerce on Tuesday showed that US retail sales growth, which is the main driver of the economic growth in the country, was at 0.8% in October. […]
Read more
November 152016
AUD Rises vs. USD, Flat vs. Other Majors
The Australian dollar fell against its US counterpart after the release of monetary policy minutes from the Reserve Bank of Australia, but the managed to rebound as of now. At the same time, the currency was mostly flat versus its other most-traded rivals. The RBA released minutes of its November 1 policy meeting today. The notes were fairly neutral, making several remarks about balanced risks to inflation, like: The overall assessment was […]
Read more