The US currency returned to a bearish trend today, as the global stock markets led by the United States equities failed to stop falling today, extending the drop despite the positive employment data. The dollar fell against the majors, including the euro, the British pound and the Japanese yen today. It also slid to the new historical minimum versus the Swiss franc, while strengthening for the seventh day in a row against the Australian dollar. The US stock market is … “Dollar Declines as Stock Markets Continue Their Fall”
Month: August 2011
Perhaps Some Minor Improvement? 5 Scenarios for the NFP
The monthly circus around the release of the US Non-Farm Payrolls is expected to supply a bit of positive news in the sea of red, at least better than last month’s disaster. No, no dramatic leap is likely, but with the whole world slowing down, a gain in jobs may strengthen the dollar against some … “Perhaps Some Minor Improvement? 5 Scenarios for the NFP”
Swiss Franc Prevails Despite Intervention
The Swiss franc showed a vigor and rose against its major counterparts on the Forex market today, despite the yesterday intervention and the serious tone of the central bank. The franc rose slightly against the US dollar after losing somewhat during the first half of the trading session today. It also added significantly against the euro and the Great Britain pound. Versus the Japanese yen (weakened by the intervention of its own), the currency managed to reach a new maximum … “Swiss Franc Prevails Despite Intervention”
Yen Slumps on BoJ Intervention
The Japanese yen dropped heavily against everything on the Forex market today, following the currency intervention by the country’s central bank. The yen declined most notably against the US dollar, demonstrating the biggest daily drop since October 2008. It also fell to the lowest rate against the euro since July 11 and reached the price minimum against the Great Britain pound since July 5. The Bank of Japan followed the footsteps of the Swiss National … “Yen Slumps on BoJ Intervention”
Do we listen to the ratings agencies?
Moody’s and Fitch are the latest to throw in their views of the US debt situation, and were the first to come out after the deal has been announced. Moody’s downgraded the outlook to negative, but not as negative as S&P were whilst the debt situation was still to be resolved. Moody’s state that a … “Do we listen to the ratings agencies?”
Australian Dollar Continues Its Correction on Weak Retail Sales
The Australian currency continued its downward trend against the Forex majors today, as the retail sales report confirmed the negative outlook for the country’s economy. The Aussie is currently demonstrating its biggest losing streak against the US currency this year. It also fell for the second day against the euro and for the fifth day against the Japanese yen today. The fall of the Australian dollar has started with the US debt-ceiling deal that promised … “Australian Dollar Continues Its Correction on Weak Retail Sales”
EUR/USD Halts Declines, GBP/USD Maintains Consolidation Tone
EURUSD: Halts Declines, Strengthens EURUSD: The pair may have triggered a recovery higher but still retains its bear threats started from the 1.4534 level.To prevent a return below the 1.4143 level, EUR will have to break and hold above the 1.4534/76 levels. This will pave the way for a run at the 1.4696 level, its … “EUR/USD Halts Declines, GBP/USD Maintains Consolidation Tone”
Stepping Back From The Monitors? ECB Preview
Jean-Claude Trichet will have his monthly rendezvous with the press after the rate decision, and is likely to be softer this time. How will the euro react to Trichet’s words? ECB Preview with four scenarios – one is already priced in. On Thursday at 11:45 GMT, the ECB is expected to leave the interest rates unchanged … “Stepping Back From The Monitors? ECB Preview”
NZD/USD: Trading New Zealand’s Employment Figures
Employment figures are important in every country. In New Zealand, they have an even greater impact, as they are published only once per quarter. Here are all the details and 5 scenarios for the reaction of NZD/USD. Published on Wednesday at 22:45 GMT. Indicator Background Q4 2010 didn’t look too good in New Zealand, The … “NZD/USD: Trading New Zealand’s Employment Figures”
Siwss Franc Retreats From Maximums
The Swiss franc fell from its record high levels against the other major currencies today, as the country’s central bank takes extreme measures against the franc’s appreciation. The Swiss currency retreated from its record maximum levels against the US dollar, the euro and the Great Britain pound today. It also decreased from the 3-year high vs. the Japanese yen. The currency reacted sharply to the Swiss National Bank decision to reduce … “Siwss Franc Retreats From Maximums”