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…
Posts published in December 2020
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…
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.…
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…
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…
Australian Dollar Flat Despite Better-than-Expected GDP
The Australian dollar was trading flat today even though Australia’s gross domestic product rose more than was expected and the central bank’s chief delivered a rather optimistic speech. The Australian…
AUD/NZD in Freefall After 1.0474 Gave Way
The Australian versus the New Zealand dollar currency pair is under heavy bearish pressure. Could the bulls still do something to rectify the situation? Long-term perspective After the 1.0551 firm support…
South Korea Tax on Crypto Gains Delayed Until 2022
South Korea parliament has officially postponed a private members’ bill that will start taxing profits from cryptocurrencies until January 2022, according to local media reports.…
Michael Moritz Is Secured as Klarna’s Next Chairman
Klarna, an EU-regulated bank, announced that it has secured its next Chairman, Sir Michael Moritz, effective immediately. Announced in a press release on Tuesday, Moritz,…
FXSpotStream Monthly Volume Rises Again Above $900B Mark
The first group of institutional FX platforms to report their monthly volumes indicate that November was a busier month all round, with FXSpotStream setting its…