The Canadian currency is going to end this week with the worst performance since the year started, as commodities and stocks declined during most of the week and today a retail sales report showed negative monthly figures, shunning investors from loonie-priced assets. The loonie had a very severe losing streak since Jan 14th when it was rallying towards parity with its U.S. counterpart, since then, virtually all … “Canadian Dollar Falls Further on Retail Sales”
Month: January 2010
Canadian Dollar Down on China, U.S. Statements
The Canadian dollar was one of the most affected currencies by a new wave of risk aversion today as the country’s currency has a strong correlation with stocks and commodities markets, which fell significantly on statements regarding financial restrictions to be imposed by China and the United States. After a Chinese statement suggesting that economic growth will be controlled in the nation and a White House statement proposing stricter policies for banks in the country, the Canadian dollar fell … “Canadian Dollar Down on China, U.S. Statements”
Brazilian Real Trades at Record Low on Obama’s Speech
The Brazilian currency was affected by a new wave of risk aversion after U.S. President Barack Obama proposed new regulations for financial instituitions in the country, raising concerns among traders that avoided emerging markets this Thursday. Emerging market currencies like the real ranked among the worst performers today after a White House statement indicating that banks in the U.S. are likely to follow a tighter police regarding its financial … “Brazilian Real Trades at Record Low on Obama’s Speech”
Yen Best Performer on Trading Restrictions
The yen outperformed most of the 16 main traded currencies after the U.S. President affirmed that financial institutions must have their operations regulated in order to avoid speculations, raising risk aversion in all trading markets in the world. Risk aversion rose further as the U.S. is likely to follow China’s measures to tighten loan conditions preventing a new credit bubble, decreasing risk appetite in currency markets and allowing the Japanese yen to rally … “Yen Best Performer on Trading Restrictions”
U.K.’s Budget Deficit Halts Pound Rally
The pound dropped yesterday and today ending a winning streak of more than a week versus several currencies as the country’s budget deficit increased to an all time record high, showing that despite positive data, the British economy is still far from healthy. After several days gaining versus the dollar and the yen, the pound started to fall this Wednesday and continued today after its budget deficit widened to the highest rate since … “U.K.’s Budget Deficit Halts Pound Rally”
The Case for the USD Having Made its Bottom
John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. The Case for the USD Having Made its Bottom by John Forman 1-20-10 For the last year or more the dollar has garnered a considerable amount … “The Case for the USD Having Made its Bottom”
New Zealand Dollar Rebounds on Retail Sales
After losing significantly during most of this Wednesday’s session as risk aversion prevailed globally, the kiwi rebounded in currency markets as retail sales advanced in the country reviving the confidence regarding the Southern Pacific economy. The New Zealand dollar had its worse decline in two months this Wednesday as consumer prices showed negative figures, but a retail sales report published in this Thursday early morning in the country revived confidence in the currency … “New Zealand Dollar Rebounds on Retail Sales”
Brazilian Real Drops Further on Risk Aversion
The Brazilian real touched the weakest level in a month as risk aversion remained predominant in today’s trading session globally, since equities and commodities markets continued to follow a bearish trajectory in most of the key-economic regions around the world. Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally. Commodities, responsible for a good share of Brazil’s international trade continued to tumble … “Brazilian Real Drops Further on Risk Aversion”
Breakouts and China – Midweek Interview on Forex TV
In a midweek review on Forex TV, I spoke with Julie Sinha about the breakouts that happened, upcoming events with a focus on Chinese GDP and other market matters, such as the strong moves of EUR/GBP. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 … “Breakouts and China – Midweek Interview on Forex TV”
Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion
The Canadian dollar ranked among the worst performers in currency markets today as risk aversion influenced commodities and equities trading, which are strongly related to the loonie’s rates as weak economic data in the country also influenced the confidence towards Canada’s currency. Speculations that interest rates hikes would happen anytime soon in Canada faded further away as consumer prices retreated according to a report published today, which forced the loonie down … “Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion”