- 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?
News
December 32020
Australian Dollar Stable After Economic Releases in Australia & China
The Australian dollar remained stable after macroeconomic releases in Australia as well as Australia’s biggest trading partner — China. The Aussie did not move far even though the data was very good and the general market sentiment was optimistic. The Australian Bureau of Statistics reported that the seasonally adjusted trade balance logged a surplus of A$7,456 million in October — an increase from September’s value of A$5,815. Economists were not expecting any significant […]
Read more
December 32020
Euro Rallies to New 32-Month Highs Against Dollar, Later Falls
The euro today briefly rallied higher against the dollar touching 32-month highs before reversing course and heading lower as the greenback inched higher. The EUR/USD currency pair fell despite the release of mixed data from across the euro area as Hungary continues to oppose the European Union budget. The EUR/USD currency pair rallied to a high of 1.2139 in the early Frankfurt session before giving up its gains and dropping to a low of 1.2101 shortly […]
Read more
December 32020
NZ Dollar Soft Despite Positive Reports in New Zealand & China
The New Zealand dollar was soft today, falling against many of its most-traded rivals. That is despite positive macroeconomic reports released during Thursday’s trading session in New Zealand and China, New Zealand’s biggest trading partner. The seasonally adjusted Markit/Caixin General Services PMI climbed from 56.8 in October to 57.8 in November. That is instead of a decline to 56.5 predicted by analysts. The report noted that the index indicated […]
Read more
December 32020
Bulls Saving the Day on GBP/CAD from 1.7285?
The Great Britain pound versus the Canadian dollar currency pair seems to be underpinned by the bulls. Can they reach 1.7445? Long-term perspective The fall from the 1.7674 high extended until the 1.7216 low and then following the second failed attempt — on September the 1st — to conquer the firm level of 1.7567, prolonged to the 1.6810 dip. However, the bulls pulled themselves together and started an ascending movement that — as of writing — has only one barrier to overcome […]
Read more
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