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 »
After the long period of preparing, concerns, and speculation, Brexit occurred on January 31st at last. Britain has officially exited the European Union, ending the 47 years of membership. So far, it’s hard to say how the post-Brexit era will influence many important areas, among them trade. UK leader Boris Johnson promised to start negotiations. …
The Forex Market After Brexit: How Is the GBP Fare? Read More »
Britain exited the European Union on January 31st after the long period of planning and preparing. This date marked the finish of 47 years of membership. Meanwhile, UK leader Boris Johnson promised to start negotiations. It’s not clear yet how the post-Brexit era will play out in many important areas, including trade. Until that, the …
Investors and traders sell and buy billions worth of futures every day. And as a rule, they depend on banks during these exchanges. That’s why Vanguard’s recent announcement is revolutionary. The U.S.-based head of forex trading stated that its plans to launch new computer-run algorithms. With them, it can trade FX with other funds directly, …
Vanguard’s New Algorithms will Connect Buyers and Sellers Read More »
Vanguard, the U.S.-based head of forex trading, plans to launch a revolutionary project. It trades about $225 billion each month in currencies. The fund giant will start using new, computer-run algorithms this year. With this algos, it can trade FX with other funds directly, without go-betweens. As these mediators are banks, it means that they …
Vanguard Plans to Sidestep the Banks with New Algorithms Read More »
The Chinese stock market is officially open. China’s central bank injected 1.2 trillion yuan of liquidity to help the stocks after the big downfall. As a result, the offshore yuan rose slightly over its one-month low of 7.0230 per dollar, trading at 7.0127 yuan per dollar. On the other hand, the Australian dollar fetched $0.6690. …
Asian Stocks Rose Slightly While the Dollar Hit High Read More »
The U.S. dollar is rising again after the short fallout during the last days. The downfall followed the release of the new data about the slowest annual growth during the previous three years. But it seems key U.S. manufacturing survey managed to recover unexpectedly. Meanwhile, the Chinese yuan and Australian dollar remained subdued due to …
U.S. Dollar soared, What caused the sudden turnaround? Read More »
China’s economy is tumbling down due to the coronavirus outbreak. Stocks are falling, while investors are moving on to safe-haven assets. Chinese authorities are trying to reduce the panic on the market. They are concerned that if fear isn’t alleviated, China could end up completely isolated. The airlines are already suspending flights, and other governments …
CSRC issued several ways to help companies during epidemy Read More »
China’s stock market closed during the Lunar New Year period, but it was due to re-open last Friday. However, the re-opening date moved to Monday later. China’s Central Bank stated on Sunday that it would inject 1.2 trillion yuan of liquidity after the market’s opening. It means that the total liquidity in the banking system …
China Planned to Inject 1.2 Trillion Yuan of Liquidity Today Read More »
The U.S. dollar has been oscillating during the last few weeks. Mostly it was rising due to the china virus outbreak and its status as a safe-haven asset. However, this rise changed into a downfall after the last day’s events. Fed’s message was released, which was consistent with tolerance for higher inflation. As inflation causes …
Dollar is spiraling down after the last two weeks of high Read More »
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