The Canadian continued continued to fall against the majors today, along with the other “commodity” currencies, as the global growth perspectives remained dim. The loonie, as the currency is often called, fell to the lowest level in two weeks against the US dollar, traded with a great volatility against the euro and demonstrated its 5th straight day of decline against the Japanese yen today. Along with the general market sentiment that the global economic growth … “Canadian Dollar Falls Along with Other Commodity Currencies”
Month: August 2011
Can Jean-Claude Trichet Turn Into Jean-Claude Van Damme?
The markets have no mercy on Europe’s third and fourth largest economies: Italy and Spain. They are close to crossing the point of no return and to lose market access. The only man with the power to stop it is ECB president Jean-Claude Trichet. Can he be the super hero? The point of no return … “Can Jean-Claude Trichet Turn Into Jean-Claude Van Damme?”
EUR/USD Trading the US ISM Non-Manufacturing PMI
The purchasing managers’ index is an important market moving indicator in its own right, and it is also an important indicator for the all-important Non-Farm Payrolls report. This release could be bad and will rock the markets. Here are 5 possible scenarios for this event and the outcome for EUR/USD – not necessarily what you … “EUR/USD Trading the US ISM Non-Manufacturing PMI”
Euro Weakens as Investors Shun European Bonds
The euro fell against its major counterparts on Forex today, as the investors preferred not buy the government bonds of the semi-troubled EZ countries. The Eurozone single currency slid to a new record low against the Swiss franc and declined for a second day against the US dollar. The currency also fell to the lowest level against the Great Britain pound since May. As the institutional investors are afraid of going into the sovereign bonds of such countries as Spain … “Euro Weakens as Investors Shun European Bonds”
Swiss Franc on Record Against Everything
The Swiss franc managed to rise against all other major currencies pair in Forex market today, as the debt-lifting measures in US threaten to weaken the global economy, pushing down the demand for “unsafe” currencies. The Swiss currency rose to its historical maximum against the US dollar and the euro today. It also reached the maximum level in 3 years against the Japanese yen. The Forex traders favored the safe-haven franc, expecting economic slowdown in the developed … “Swiss Franc on Record Against Everything”
Forex Crunch Key Metrics July 2011
Another month came to an end and a new one began. And this one definitely looks better. July saw better numbers in all parameters: better than June and better than May. The ongoing debt crisis in Europe (and a little bit in the US) had its contribution to the rise, despite the slower summer trading. … “Forex Crunch Key Metrics July 2011”
Risk Rally Pushes NZD to Records vs. Dollar
The New Zealand dollar reached a new historical maximum against its North American counterpart and grew against some other world currencies today, as the US debt ceiling agreement spurred demand for high-yielding assets. The kiwi (which is how the NZD is often called) renewed its historical maximums versus the US dollar and the euro today. It also reached a new high level in more than a year against the Japanese … “Risk Rally Pushes NZD to Records vs. Dollar”