The Japanese yen rose today, reversing yesterday’s losses against the euro, as positive mood slowly leaves the Forex market and traders once again seek safety in safe-haven currencies. The yen was weakening against the euro yesterday as positive macroeconomic data from all around the world was boosting risk appetite among investors. Yet willingness to risk didn’t last long and currently the Japanese currency is rising once again. The yen … “Yen Reverses Losses vs. Euro as Risk Appetite Leaves FX Market”
Month: February 2012
Far Eastern Trouble
The Chinese landing issue rose in Q4 2011. Chinese manufacturing PMI is flirting between contraction and growth, around the 50 point mark. We’ll start with China, but it’s not only the world’s No. 2 economy that is suffering. This analysis originally appeared in the Forex Outlook for Q1 2012. You can download the full report … “Far Eastern Trouble”
Aussie Reaches 5-Month High as Stocks Rally
The Australian dollar reached the highest level in five months against its US counterpart as fundamental data was positive all around the world, leading to a rally of stocks. An expansion of manufacturing in Europe contributed a great deal to the positive mood among Forex traders, but was far being from the only source of optimism. US manufacturing also grew, even though less than was forecast. China’s Purchasing Managers’ Index followed … “Aussie Reaches 5-Month High as Stocks Rally”
Japanese Yen Higher Against the US Dollar
Risk appetite is coming to the Forex market, sending high beta currencies higher. And, normally, this would mean that the US dollar would also be higher against the Japanese yen. Today, though, the yen is higher against the greenback. Weaker than expected US data is sending the dollar lower, and the yen is near three-month highs against the greenback. Japanese yen is gaining as exports lead … “Japanese Yen Higher Against the US Dollar”
US Dollar Drops as Optimism Returns to Markets
US dollar is lower across the board right now, dropping as optimism returns to the market in the form of better economic news. The news is especially encouraging in Europe, where eurozone manufacturing has expanded. Even in the United States, the situation isn’t so bad, with ADP estimating private payrolls up by 170,000. All of the good news in other countries means that investors and Forex traders alike are ready for riskier assets … “US Dollar Drops as Optimism Returns to Markets”
Euro Rebound as Eurozone Manufacturing Expands
The euro rose today, erasing its previous losses, after a report showed that eurozone manufacturing improved this month, easing concerns about the negative impact of the European financial crisis on the region’s economy. Final eurozone PMI figure was 48.8 in January, near the flash estimate of 48.7 and a solid increase from the December reading of 46.9. Germany with its robust growth was the main contributor to the increase, followed by Australia and Netherlands … “Euro Rebound as Eurozone Manufacturing Expands”
EUR/USD: Trading the US Unemployment Claims
The US Unemployment Claims indicator is published weekly, and measures the number of people filing for unemployment for the first time. A reading which is higher than the market forecast is bearish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Thursday at 13:30 GMT. Indicator Background Unemployment claims … “EUR/USD: Trading the US Unemployment Claims”
Won Drops vs. Euro on Threat of Economic Slowdown in Asia
The South Korean won fell against the euro today on concerns that problems in Europe crippled economic growth of Asian nations. The currency was also down versus the US dollar, but later rebounded. South Korean exports unexpectedly fell 6.6 percent on year-over-year basis in January, posting the first decline in two years. Annual consumer price inflation was at 3.4 percent, the lowest rate since January 2011. Other Asian … “Won Drops vs. Euro on Threat of Economic Slowdown in Asia”
Forex Crunch Key Metrics January 2012
The first month of 2012 saw a record high in page views and especially in unique visitors. The jump can only be partially attributed to the return of markets to normal. The main driver of the leap is a one time event, that distorted statistics quite a bit. February will likely see a return to … “Forex Crunch Key Metrics January 2012”
Arab Winter
The Arab Spring was one of the main news themes of 2011. The ousting of the regime in Tunisia triggered moves around the Arab world. Egypt’s Mubarak was overthrown in a matter of weeks. Uprisings began in Libya and ended successfully after a bloody civil war. The tensions there (and also in other countries) pushed … “Arab Winter”