The Canadian dollar gained versus its US counterpart and the Japanese yen, while fell against the euro, as Forex traders view the talks about new portion of a bailout to Greece in the positive light again. Traders constantly change their opinion regarding what happening in Europe. Currently their mood is positive because of speculations that Greece and the so-called “troika” (the European Union, the European Central Bank and the International Monetary Fund) are devising … “Market Sentiment Shifts, CAD Goes Upward”
Month: February 2012
NZD/USD: Trading the New Zealand Employment Change
The New Zealand Employment Change indicator is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine employment figures, looking for any trends which could affect NZD/USD. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are the details and 5 possible outcomes for NZD/USD. Published … “NZD/USD: Trading the New Zealand Employment Change”
FX BootCamp Joins the FXstreet Ad Network
FX Bootcamp, a site that specializes in the education of forex traders, is the 4th site that is managed by FXStreet. The ad space of Forex Crunch is managed by FXStreet since April 2011. I am very happy and honored to have the excellent management of the FXStreet team. MyFxBook and FXTimes are also on … “FX BootCamp Joins the FXstreet Ad Network”
Aussie Jumps to Six-Month Record as Stevens Surprises Traders
The Australian dollar climbed today, erasing yesterday’s losses versus the US dollar and the Japanese yen and reaching the highest level in six months against the greenback, after the Reserve Bank of Australia surprised Forex traders by keeping its interest rates unchanged. The Australian currency was falling yesterday as a report showed that retail sales fell 0.1 percent (on a seasonally adjusted basis) in December from November. Another reason for the drop was a deteriorating … “Aussie Jumps to Six-Month Record as Stevens Surprises Traders”
Aussie Finds Support in Forex Trading
Aussie is finding support in forex trading today as Forex traders scramble to make up for the fact that they had priced in a 0.25% cut to the interest rate. Instead of cutting, though, the Reserve Bank of Australia kept rates steady at 4.25%. The central bank considers the economic progress Down Under to be sufficient to allow for yields to remain higher. Aussie’s support is mostly against the US dollar, though, and even then the currency … “Aussie Finds Support in Forex Trading”
Euro Holds Steady as Traders Await News from Greece
Euro is holding steady right now as Forex traders wait for news about what’s next for Greece. Financial markets around the world are waiting to see whether or not Greece will accept the austerity measures that are required for a bailout. If Greece accepts, 130 billion euros will be offered and the country will avoid default. If Greece refuses the austerity measures, it could mean a default — … “Euro Holds Steady as Traders Await News from Greece”
QE3 in March has Little Chance
A new jobs report in the US and a deterioration in Europe could still push Bernanke to ease in March, but the chances are very low now. Regarding Greece, it is hard to fully price any outcome of the current round of the crisis, as there are too many moving parts that make the situation … “QE3 in March has Little Chance”
Dollar Stronger Under Obama
The US dollar performed in a better manner under US president Barack Obama, than his predecessor, George W. Bush. Supporters of Obama claim that his policies helped the nation recover from a horrible economic crisis, while his opponents claim that his policies significantly slowed the recovery. The numbers will not persuade either side, but they … “Dollar Stronger Under Obama”
Brazil’s Real Down as Traders Await End of Greek Troubles
The Brazilian real dropped today as uncertainty about an outcome of the discussion about reduction of Greek debt made traders sell riskier currencies and stick to safer assets. The story of Greek debt was dragging for too long and Forex traders are afraid that it may end with a disorderly default. There were some positive macroeconomic indicators from Europe, but that wasn’t enough to alleviate fears. All currencies, except … “Brazil’s Real Down as Traders Await End of Greek Troubles”
UK Pound Gains against a Weakened Euro
UK pound is gaining against a weaker euro today, heading higher as worries about Greek debt resume. Greek talks have been suspended for a short time, even though Greek PM Lucas Papademos said that some progress had been made recently. The pound, though, is down against the US dollar as risk aversion sets in. Sterling is pulling back today against the US dollar, … “UK Pound Gains against a Weakened Euro”