Japanese yen is falling today, heading lower on a general feeling of risk appetite in the markets. Earlier this week, Japanese leaders used funds to buy other currencies in order to keep the yen lower, and today demand for riskier assets is encouraging yen weakness. For now, there is plenty to support risk appetite. There are hopes that a Greek bailout will be accomplished on Monday, since there have been … “Japanese Yen Falls as Risk Appetite Improves”
Month: February 2012
Sterling Benefits from Rising Retail Sales
The Great Britain pound rose today, supported by the government report that showed UK retail sales unexpectedly increasing last month, easing fears of a recession in the United Kingdom. Seasonally adjusted volume of retail sales rose 0.9 percent in January, following the rise by 0.6 percent in December. Analysts predicted a drop by 0.3 percent. The positive retail data, combined with yesterday’s report about improving consumer sentiment in the UK, allow economists … “Sterling Benefits from Rising Retail Sales”
EUR/USD Is Headed To New February Highs
Euro found the support just below 1.3020 wave A region, where wave C cleared out the stops as excepted, before market reversed higher. A reversal was just perfect, a clear impulse which its definitely a type of a price action that indicates an uptrend continuation. As such, we believe that wave B) expanded flat in … “EUR/USD Is Headed To New February Highs”
Bollard’s Speech Boosts NZ Dollar, Positive Market Sentiment Adds Support
The New Zealand climbed today as positive news from the United States and Europe created a favorable trading environment for currencies with higher yield, while Alan Bollard, the Reserve Bank of New Zealand Governor, further bolstered the currency as he suggested that the New Zealand is performing better than was thought. The United States showed signs of robust economic recovery, while the European Central Bank kicked can down the road, … “Bollard’s Speech Boosts NZ Dollar, Positive Market Sentiment Adds Support”
USA & Europe Bring Good News, Benefiting Canada’s Currency
The Canadian dollar jumped today against its US counterpart and the Japanese yen on positive macroeconomic data from the United States and good news from Europe. The currency posted losses against the euro. Virtually all economic reports from the USA were good today, particularly unemployment claims that fell, even though analysts predicted an increase. The European Central Bank began swapping Greek bonds, allowing private bondholders to participate … “USA & Europe Bring Good News, Benefiting Canada’s Currency”
US Dollar Gains Against Euro, Falls Against Pound
US dollar is mixed against major European currencies today as good news out of the United States contrasts with continued uncertainty out of the eurozone. Concerns about what’s next for Europe are weighing on the euro, while a general feeling of risk appetite is helping the pound. Good economic data out of the United States is helping risk appetite right now. Jobless claims have fallen to four-year lows, with … “US Dollar Gains Against Euro, Falls Against Pound”
Philly Fed Manufacturing Index Exceeds Expectations
The US Philly Fed Manufacturing Index rose to 10.2 points. A score of 9 was predicted. This adds to the positive signs seen earlier. The Philly index is a forward looking one, which makes it a very important and also a good indicator towards the Non-Farm Payrolls. The downside here is that the employment component dropped to … “Philly Fed Manufacturing Index Exceeds Expectations”
Euro Drops on Greek Debt Deal Delay
Once again, a decision about a Greek debt deal has been delayed. As a result, markets are jittery and the euro is dropping. Indeed, at one point the euro fell to three-week lows on the news that eurozone leaders are unable to reach a decision about how to handle Greece. The situation is becoming dire at this point, as Greek leaders, led by Lucas Papademos, insist that a debt swap must be initiated by the end … “Euro Drops on Greek Debt Deal Delay”
Pound Climbs with Consumer Sentiment
The Great Britain pound jumped against the Japanese yen as the index of UK consumers’ confidence reached the highest level in five months. The currency dropped versus the US dollar. The Nationwide consumer confidence index rose to the five-month high of 47 in January after it reached the record low of 38 in December. The improving sentiment eased concerns that the UK would suffer from a double-dip recession. The problems in Europe also helped the sterling, increasing its … “Pound Climbs with Consumer Sentiment”
EUR/USD: Trading the US Core CPI February 2012
The United States CPI, also known as inflation, measures the change in the price of goods and services charged to consumers. Core CPI excludes eight volatile components, notably food and energy. Core CPI readings which exceed the market forecast are bullish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday … “EUR/USD: Trading the US Core CPI February 2012”