The word Hypocrisy comes from Greek, yet in the Greek crisis, there are too many cases of hypocrisy towards Greece from its EU partners. The current leadership of the Hellenic Republic is playing along. What will happen if Greek voters say enough is enough? The euro will not like it. Arms sales are untouched: With all … “3 Outstanding Acts of Hypocrisy Towards Greece”
Month: April 2012
Japanese Yen Mixed Today
Japanese yen is mixed today as Forex traders look for direction. There is a lot to think about today, in terms of news and forecasts, and currencies are part of the confusion. Yen has slipped against the euro after choppy trading, but is higher against the pound and the dollar. Japanese yen is down against the euro, which is gaining ground on the enthusiasm surrounding a solid Dutch bond auction — in spite of the recent … “Japanese Yen Mixed Today”
Euro Rangebound in Forex Trading
Euro is mostly rangebound today, making small gains against the US dollar, after a Dutch bond auction proved reasonably successful. The euro has been struggling lately due to concerns about the political stability of eurozone countries, as well as continued worries about Spain. Earlier, a bond auction in the Netherlands was deemed a success. There had been some questions about the bond auction, since the resignation of Prime Minister Mark … “Euro Rangebound in Forex Trading”
FOMC Meeting Preview
The Federal Reserve is digesting the good and bad signs in the US economy in its two day meeting. What will the outcome be? The upcoming decision is more significant than the previous one, as it consists of members’ forecasts as well as a press conference by Ben Bernanke. This will supply lots of volatility … “FOMC Meeting Preview”
Traders Sell Won in Favor of Dollar on European Politics
The South Korean won fell today as concerns about the political situation in Europe caused traders to sell riskier assets of Asian nations in favor of safer ones, including the US dollar. Current French President Nicolas Sarkozy lost the first round of presidential elections, while the anti-euro National Front had unexpectedly high support of voters. Dutch Prime Minister Mark Rutte offered to step down yesterday as his attempts to implement austerity … “Traders Sell Won in Favor of Dollar on European Politics”
GBP/USD: Trading the British GDP
The Gross Domestic Product (GDP) indicator is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday … “GBP/USD: Trading the British GDP”
Pound Goes Higher vs. Euro as Future of Europe Still Uncertain
The Great Britain pound rose against the euro and erased its losses versus the US dollar as fears of Europe’s troubles drove investors to the relative safety of the UK currency. The sterling retreated a little against the greenback today and continued to fall versus the Japanese yen. The elections in France spooked Forex traders and made them search for a refuge. The possibility of early elections in Netherlands added to concerns. Some of market participants found haven in Britain’s currency. The United … “Pound Goes Higher vs. Euro as Future of Europe Still Uncertain”
Traders Shun Risk on French Elections, Loonie Weakens
The Canadian dollar fell against the US dollar and the Japanese yen today on concerns about the French elections. The currency trimmed its losses, but remains below the opening price for now. The loonie rose versus the euro. Risk aversion prevails in the Forex market today as the presidential elections in France make investors concerned about the futures of the eurozone. There are also plenty of other reasons to worry about Europe, but France is currently … “Traders Shun Risk on French Elections, Loonie Weakens”
US Dollar Gains on Safe Haven Demand
US dollar is gaining today on the Forex market as traders look for safe haven. Uncertainty is causing problems, and that is prompting traders to look to capital preservation and stability. Greenback is backed by the most stable taxpayer base in the world, so it’s no surprise that it is on the rise today. For the most part, US dollar is higher as traders express uncertainty about what is happening in Europe. European … “US Dollar Gains on Safe Haven Demand”
Japanese Government Stands Ready to Intervene to Keep Yen Weak
The Japanese government continues to make it clear that it is ready to intervene in the currency markets in order to keep the yen weak against other currencies. Once again, as concerns about the global economy surface, and as risk aversion sets in, the Japanese yen is gaining strength. This state of affairs is undesirable, and Japanese policymakers insist they are ready to intervene to weaken the yen if need be. Indeed, over … “Japanese Government Stands Ready to Intervene to Keep Yen Weak”