The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in foreign-exchange markets affecting high-yielding currencies the most, as investors search for safer bets. The U.S. currency continue yesterday’s advance as risk aversion coming from Asia is still playing a major role in market sentiment this week, and the safety provided by assets in the country became one of the best options for these … “Dollar Benifits From Chinese Lending Requirements”
Month: January 2010
USDJPY Technical Long Term Outlook
Guest Post by Nick Kanger, Head Currency Analyst at ProAct Traders There was “talk” earlier this week that the Yen would fall to 90.00 before making any appreciable recovery. And while price did fall to 90.31, this level of support came up short of 90.00, and should be consider as a price undershoot and a … “USDJPY Technical Long Term Outlook”
The Pound Will Not Rise without Orders from King
The number of unemployed people fell again in Britain, quite impressively. This doesn’t seem enough for the Pound. The key is in the hands of Mervyn King, which sees the dark side of the economy. Claimant Count Change, the earliest and most important indicator for British employment, fell by 15,200 jobs in December. This is … “The Pound Will Not Rise without Orders from King”
Pound Advances Further Versus Euro on Inflation
The British currency had a favorable performance today versus multiple key-currencies today, beating the euro and the Swiss franc as the country starts to show more evident signs of recovery, attracting investors back to the U.K. After inflation surpassed analysts estimates and Bank of England’s target today, the pound gained considerably versus most of the main traded currencies, specially versus the euro, as Greece’s budget deficit is still affecting the currency’s outlook, and ths Swiss … “Pound Advances Further Versus Euro on Inflation”
Swiss Franc Tumbles on Intervention Fears
The Swiss currency finally felt the central bankers pressure and declined considerably versus most of its main trading partners’ currencies, on speculations that measures will be taken by the financial authorities to avoid the franc to gain. The Swiss franc dropped even versus the European single currency as some of the bloc’s members are providing negative economic data, evidencing that the Swiss National Bank pressure to halt the franc’s rally is taking effect. … “Swiss Franc Tumbles on Intervention Fears”
Euro Slides After German Sentiment Report
The euro tumbled today versus most of the key-currencies in Europe after Germany published an important economic confidence report with worse-than-expected data, declining attractiveness for the single currency as some of its member countries struggle with a growing budget deficit. The European single currency dropped versus most of the 16 main traded currencies today as the outlook for the economic bloc declined considerably after theGerman ZEW Economic Sentiment report brought negative data … “Euro Slides After German Sentiment Report”
Canadian Dollar Tumbles on Rates Outlook
The Canadian dollar fell today after the nation’s central bank left interest rates unchanged at an all time record low, declining rate hikes speculations despite the favorable economic data published in Canada during the past few weeks. The loonie dropped versus most of the 16 most traded currencies today after the central bank affirmed that interest rates will remain unchanged until June, decreasing sharply the attractiveness for the loonie … “Canadian Dollar Tumbles on Rates Outlook”
EUR/GBP Continues the Free Fall
Backed by significant economic figures, EUR/GBP continues the free fall, quickly approaching the next line of support. Here’s an update on this cross. EUR/GBP continues to be a rather predictable currency pair. The support and resistance lines are more clear here than in many other pairs. Strong British inflation British inflation is lifting its head. After … “EUR/GBP Continues the Free Fall”
Swiss Franc Climbs Despite Intervention Warning
The Swiss franc gained versus several key-currencies today despite the nation’s central bank concerns regarding the strength of its currency, which already was expressed previously in statements mentioning eventual future interventions to halt the franc’s rally. Even if the Swiss National Bank President Philipp Hildebrand stated last week that franc’s fluctuations will be monitored closely, expressing concern with the Swiss currency high rates, the franc … “Swiss Franc Climbs Despite Intervention Warning”
Real Rebounds on Brazilian Stock Market
After a week of losses versus most of the main traded currencies in foreign-exchange markets, the Brazilian real advanced today fueled by a positive performance in commodities and equities markets. The Brazilian real gained today versus the yen and the U.S. dollar as demand for commodities and optimism regarding the nation’s economy allowed the South American currency to revert a negative trend that lasted five consecutive days. A great sum of capital inflows to Brazilian stocks also influenced on the good … “Real Rebounds on Brazilian Stock Market”