Euro is finding some support in Forex trading today, heading a little bit higher. Even though there are still concerns about what is happening in Europe, traders are looking for a little bit of respite from the risk aversion and gloom. So, the euro is a little bit higher right now, and other high beta currencies are seeing some success as well. Euro is slightly higher against … “Euro Finds Support in Forex Trading”
Month: May 2012
![[Video] Euro may be Calm for Now, but Stress Rises](https://investinearth.org/wp-content/uploads/2012/05/Fotolia_1524024_XS-351x185.jpg)
[Video] Euro may be Calm for Now, but Stress Rises
Despite the calmer tone in the euro’s trading, tension remains very high behiind the scenes – things that certainly worrying. In the video below, Simon Smith of FxPro discusses the various signs of stress in the money markets, the Spanish situation and what the ECB can do. Smith also states that Europe is not pushing … “[Video] Euro may be Calm for Now, but Stress Rises”
US Dollar Pulls Back as Risk Appetite Makes an Appearance
After a few days of gloom over Europe, risk appetite is making an appearance in the financial markets. US dollar is pulling back from recent highs against the euro and the pound, and heading lower as Forex traders look for a little extra yield, and as a degree of optimism is seen as moves are made to shore up Spain. US dollar was headed higher today, moving up as news about Great Britain’s economy … “US Dollar Pulls Back as Risk Appetite Makes an Appearance”
USD/CAD: Trading the Canadian May 2012
The Canadian employment change is an important leading indicator which often a significant impact on the markets, and can affect the direction of USD/CAD. A reading which is higher than forecast is bearish for the US dollar. Here are the details and 5 possible outcomes for USD/CAD. Published on Friday at 12:30 GMT. Indicator Background Job creation is one … “USD/CAD: Trading the Canadian May 2012”
Social Forex Trading Platform Launched by Leverate
Leverate, a provider of software solutions for brokers, added a powerful feature: a platform for a social network that brokers can use and brand. The platform, called Sirix, is first launched with Markets.com, a Cyprus regulated forex broker. Sirix can work as a standalone product and can be integrated with all the brokerage’s systems, including … “Social Forex Trading Platform Launched by Leverate”
Negative Outlook for Australian Fundamentals Hurt Aussie
The Australian dollar dropped, reaching the lowest level against its US counterpart this year, as Forex market participants anticipate a set of poor fundamental data from the South Pacific country today. Australian employment is expected to fall by 4,800 in April, following the increase by 44,000 in preceding month. Analysts predict that the unemployment rate will rise from 5.2 percent to 5.3 percent. The trade balance deficit widened from A$46.0 … “Negative Outlook for Australian Fundamentals Hurt Aussie”
Retails Sales Drift Down, Sterling Follows
The Great Britain pound fell today after a report showed that UK retail sale declined. The negative data ahead of the policy meeting makes market participants question what actions the central bank will take. British Retail Consortium reported that retail sales were down 3.3 percent in April from a year ago. In March, an increase by 1.3 percent was registered. The United Kingdom face a double-dip recession and various … “Retails Sales Drift Down, Sterling Follows”
Greece, Spain Weigh on Euro
Euro is down across the board today, falling as concerns about what is happening in the eurozone weigh on financial markets around the world. The financial and political turmoil in the eurozone are causing trouble, and the euro is below the 1.30 level against the US dollar as a result. Thanks to the political turmoil in the eurozone, financial markets are in upheaval today. While the eurozone will take some getting used to Francois Hollande, the new French president, … “Greece, Spain Weigh on Euro”
Japanese Yen Strengthens on Risk Aversion
Risk aversion is rising right now, and the Japanese yen is gaining across the board because of it. Concerns about Europe continue to dominate the markets, and Forex traders are looking for stability and safe haven. The Japanese yen offers that, and is quite popular right now. The biggest concern right now is Greece. Right now, the party Syriza is trying to form a government, but that party (known for its … “Japanese Yen Strengthens on Risk Aversion”
FXCM Reports Higher Revenue in Q1, Low Volumes in April
US Forex Broker FXCM released the financial figures for Q1 2012 and the trading metrics for April. GAAP revenues rose to $102.6 million, 8% more than the Q1 2011. Customer equity grew to $1.1 billion and a rise of trading volume during this period to $15.2 billion a day, mostly from Japanese operations. However, the drop … “FXCM Reports Higher Revenue in Q1, Low Volumes in April”