Political and trade events around the world are causing the US dollar to fluctuate, but the dollar managed to end the week with a small gain over other currencies. Currency Trades The dollar made gains against the Japanese yen (USDJPY, +0.02%). The dollar’s 0.4% weekly gain against t
The Euro vs the Sterling: What lies ahead in March 2018 and the Coming Months Financial analysts have stated that the Euro is likely to keep performing better than the sterling in the coming months. This is due to the economic outlook and capital inflows that countries in the Eurozone are current
With the commission-free trading, huge profits and "round the clock" market access always talked about on foreign exchange (forex) trading, the market has experienced a boom over the years - and 2018 is no exception. There are 7 major currencies that are traded mostly on the forex market, and the
Almost two years ago, the news that rocked the World, was the EU referendum that resulted in the UK’s decision to leave the European Union, a decision that was met with stern rebuff from various European quarters, still Britain opted to leave the EU as desired by more than 50% of her e
If Prime Minister Shinzo Abe’s resolve is any close to that of his country’s currency, then he will easily soar through the political scandal casting a dark shadow over his political future. His economic policies (“Abenomics”) are being called into question, consideri
Initial losses in trade by several Asia-Pacific markets have been reversed as stocks closed higher last week. Earlier, stocks in Japan and Hong Kong had fallen below 1% after US benchmarks dropped without warning. Investors had expressed pessimism following three straight falls in US indu
The Canadian Dollar’s downward slide doesn’t seem to be easing anytime soon as analysts predict more loses due to concerns about brewing trade issues. The Loonie, which has been one of the poorest performers in a week where the US Dollar took a battering, managed to stabilize the decli
The Greenback took a hit this week from two sides as it fell against major trading currencies no thanks to two news releases that had a negative impact on the US Dollar. Firstly, the latest release of inflation figures projects a 0.2% rise in inflation, which is down from the figure of 0.5% regis
The Pound once again caught a break this week after the optimistic statement by the UK’s Chancellor. The nearly battered currency strengthened against the Dollar, which unfortunately was subjected to another mild economic hit no thanks to the latest in a long list of power-play moves by the
Despite the lack of immediate domestic data, the Pound Sterling rose against the rest of the world’s heavily traded currency in the wake of Phillip Hammond; Chancellor of the Exchequer’s spring statement. The spring statement suggested that the days of austerity brought about in respon
