The Euro plummeted down against the U.S dollar on Tuesday, reaching its three-year low. Such a downfall was due to weak manufacturing and gross domestic product data from Germany. It seems that the eurozone is more vulnerable to external shocks than analysts claimed. Junichi Ishikawa, the senior foreign-exchange strategist at IG Securities in Tokyo, stated …
The Euro fell with the Sterling; Asian currencies crumble Read More »
The Japanese yen dropped against the dollar due to the release of new data. It stated that the Japanese economy lowered by 6.3% in the fourth quarter. Analysts expected a 3.7% drop, but not so much as the data showed. It seems the yen’s recent rallies as a safe-haven asset weren’t enough to boost the …
Japanese yen fell against the U.S. dollar. What about euro? Read More »
The New Zealand Dollar declined on Friday due to the investors’ risk-off tactic. Experts and traders continue to monitor coronavirus’s outbreak closely. So far, the death rate is growing, which, on the other hand, prompts investors to move on safe-haven currencies. As China is New Zealand’s major trading partner, such a situation influences New Zealand’s …
New Zealand Dollar fell against U.S. dollar. Euro stays low Read More »
The dollar hit the highest record since October last week, rising by 0.4%. It has already gained 1.3% previously. Such upturn was due to the data about the good economic situation in the U.S. However, traders are now waiting for new U.S. data. It includes industrial production numbers and retail sales along with Eurozone data. …
The Dollar rose against the Euro. What about Sterling? Read More »
The Euro fell on Friday, reaching an almost three year-low due to the investors’ concerns about the slow economic growth in the Eurozone. The currency has lost 1% so far. There is a small chance of its rebound if the fourth-quarter gross domestic product data proves positive. However, economists expect 0.1% quarter-on-quarter growth, the same …
The Swiss franc is rising, while the Euro stays down Read More »
The euro plummeted on Wednesday. The downfall was caused by the data showing eurozone manufacturing output plunged more than expected in December. That means fourth-quarter eurozone gross domestic product data, which is due on Friday, may also bring bad news. Meanwhile, the dollar stays high. It traded at $1.0872 per euro. The dollar’s price gained …
Euro Falls while Pound steadies, Asian Currencies in the Red Read More »
The forex trading market fluctuated ever since China reported new data about coronavirus. According to Hubei, there are 14,840 new cases as of Feb. 12, up from 1,638 new cases on Tuesday. The number of deaths in the province increased sharply from 242 to 1,310. After such concerning news, the Chinese Yuan and the Australian dollar …
Yen soared while Yuan and Aussie fell. What about dollar? Read More »
The Israeli Securities Authority has released a draft with a proposition conferring the forex trading. According to the document, those companies trading forex in Israel must publish client losses publicly. The government stated it wants to help people better evaluate the risks before committing to the companies. The draft is open for public comment. The …
Israel wants Public Exposure from Forex Trading Companies Read More »
The forex market is very volatile and unpredictable. Some even compare its trading to the gamble. Everything happens in the span of a few minutes. People gain or lose exorbitant amounts of money. While its hard to predict what will happen on the forex trade market, some governments still try to set on such rules. …
Israel is planning to restrict the forex trading regulations Read More »
The forex trade market fluctuated strongly during the last few weeks due to the several stimulators, mainly because of the coronavirus outbreak and Brexit. The U.S. dollar and yen remained stable, while other currencies fell gradually. Westpac FX analyst Imre Speizer stated that the coronavirus caused investors to move on to the U.S. dollar. A …
New Zealand Dollar and Aussie fell; The U.S. Dollar rallies Read More »
The U.S. dollar and the Japanese Yen are still in high demand, even though it has been weeks after the coronavirus outbreak. China is almost still in quarantine; its economy is plummeting down. The virus death toll reached 1,016, though it’s more contained now, with fewer new cases. However, this information does nothing to alleviate …
Yen and Dollar in demand due to the coronavirus fears Read More »
China was planning to open the businesses on Monday since the Lunar New Year holidays ended last week. But the coronavirus epidemic is still raging, with more than 40,600 people infected and 910 killed. The government advised people to stay home. However, some of the companies are preparing to open again. According to ANZ analysts, …
China is preparing to open its businesses; Dollar hits high Read More »
The U.S. dollar rallies again after the short downfall, caused by the unclear data. After the coronavirus outbreak, the dollar became one of the most sought-after safe-haven currencies and subsequently hit high along with the Japanese Yen. It seems that new job market data set it off to the latest high records. The data was …
Dollar Continues to Rise; What Caused its Current Rally? Read More »
The Australian dollar and the Chinese Yuan rose during the last days. They started to climb up after Beijing announced that it would half tariffs on some U.S. imports. China also noted that it wants to work with the U.S. to eliminate tariff increases in the future. This news dispelled the fear of the coronavirus’s …
The Australian Dollar and the Chinese Yuan are Rising Read More »
The euro tumbled down on Thursday after releasing the new data. According to it, German industrial orders collapsed unexpectedly in December by 2.1%. This is the biggest fall since February. These statistics could influence the market, slowing it significantly in the opening months of 2020. The euro was steady at $1.09975 against the dollar, which …
Euro fell due to new data. What about Pound and Aussie? Read More »
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