Buying international property has become more of a challenge with many buyers holding off transactions owing to Brexit according to overseas property platform Homesgofast.com. A new partnership is aimed at helping overseas buyers understand the complexities while saving money of foreign currency transactions Now one the most established international real estate website in the world,...
Currency
Friday 13th April saw the US dollar reach close to 6 weeks high against the Yen. This obviously occurred as a result of improved confidence by investors in the US economy as cooler heads prevailed in the call for caution over military action in Syria on Thursday 12 April. Additionally, improvement in investor risk appetite helped sustained US equities pushing US yields further higher. The falling of the...
The financial markets do not like uncertainties, but there are a few times when they welcome it. On Wednesday 11 April, US President Donald Trump blasted Russia via twitter in response to their threat to shoot down any missiles fired at Syria. This tweet immediately saw investors scrambling to sell of their stock of USD and move over to safe haven assets such as the Japanese Yan. This brought about a...
On April 11, United States President Donald Trump fired a tweet targeted at Russia in response to their threat to shoot down any missile fired at Syria. This exchange of words between two nuclear powers has continued to weigh on the dollar when measured against other top world currencies. At 11.57am Wednesday morning, President Trump tweeted “Russia vows to shoot down any and all missiles fired at...
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 the yen was the largest among the G10 countries for the first quarter. The dollar was weaker against the Swiss franc...
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 currently experiencing. Other factors taken into consideration includes the structural imbalance and political...
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 6th most held currency as a reserve is the Canadian dollar (CAD) - also known as "the loonie". The Bank of...
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 electorate. Brexit threw the World’s financial market into mayhem. Immediately after the vote, the pound sank by...
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, considering the dire nature of the situation, one would expect the yen (JPY) to suffer a decline, but unbelievably its holding...
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 industrial stocks as President Trump pushed for protectionist trade policies. However, investors had stepped back in on...