The Israeli new shekel weakened a little today against the US dollar. Earlier, the currency gained on hopes that central banks would spur economic growth, while the central bank of Israel itself would keep its monetary policy unchanged. The currency rose versus the euro. The global economy is stalling and investors look for central banks to spur growth. Such hopes keep the market mood closer to optimism, but it is … “Shekel Gains on Monetary Policy Outlook, Retreats”
Month: August 2012
Aussie Declines with Stocks & China’s Manufacturing
The Australian dollar fell after global stocks declined and the report showed that China’s manufacturing slowed, causing concerns that demand for country’s exports would wane. The currency suffered from the resulting risk aversion, but there was some good news that may support the Aussie. China’s Flash Manufacturing PMI fell from 49.3 in July to 47.8 in August, the lowest level 9 months, according to the HSBS/Markit report. The Standard … “Aussie Declines with Stocks & China’s Manufacturing”
Fed Stimulus Expectations Weigh on US Dollar against the Euro
US dollar is weakening today as the Federal Reserve stands ready to implement more stimulus if it feels the economic situation warrants it. Even though some of the greenback’s earlier losses have been pared a little bit, euro is still stronger as the prospect of a weakening dollar becomes more realistic. Greenback has turned lower, thanks to a combination of economic data, and the FOMC minutes. The minutes of the latest meeting, released yesterday, … “Fed Stimulus Expectations Weigh on US Dollar against the Euro”
Turkish Lira Fluctuates on Easing Speculations
The Turkish lira fluctuated today as bond yields fell and on speculations that the nation’s central bank would follow other central banks in easing its monetary policy. The slowing global economy makes central bank around the world consider easing their monetary policies. The US Federal Reserve and China’s central bank have already hinted about potential stimulating measures. Analysts say that it would be easier for Turkey’s … “Turkish Lira Fluctuates on Easing Speculations”
Euro Higher Even with Continued Economic Contraction in the Eurozone
Euro is higher today, even though there has been further economic contraction in the eurozone. The fact that the eurozone appears to be moving toward recession isn’t holding the euro back today as Forex traders consider disappointing US economic data, and look for clues that European leaders and the ECB are really ready to take action on the financial crisis in the eurozone. Euro still has the upper hand today, even though … “Euro Higher Even with Continued Economic Contraction in the Eurozone”
Ruble Rises as Stimulus Expectations Boost Oil
The Russian ruble advanced today as speculations that central banks of China and the United States would ease their monetary policies spurred price for crude oil, the main export of Russia. The Federal Reserve mentioned in its policy minutes that some stimulating measures may be implemented quite soon. Peopleâs Bank of China Governor Zhou Xiaochuan suggested that interest rates and bank reserve requirements may be changed in case … “Ruble Rises as Stimulus Expectations Boost Oil”
QE3 in September? – Certainly NOT a Done Deal
The FOMC Minutes certainly gave the QE3 camp a lot of ammunition, and dealt a blow to the US dollar. Nevertheless, a decision on more money printing in the September 12-13 meeting is certainly not a done deal. Here are 7 reasons why markets could be very disappointed on September 13th, and the dollar could … “QE3 in September? – Certainly NOT a Done Deal”
GBP/USD: Trading the British Revised GDP
British Revised Gross Domestic Product (GDP), published each quarter, measures the production and growth of the UK economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on … “GBP/USD: Trading the British Revised GDP”
NZ Dollar Gains as Fed Sparks Hope for QE3
The New Zealand dollar advanced today, rising for the fourth straight session versus its US counterpart, as the Federal Reserve hinted that the third round of quantitative easing is still possible. Investors had almost given up hope that the Fed would initiate QE3. Yet the minutes of the last policy meeting showed that some stimulus measures may be implemented and rather soon. The minutes said: Many members judged … “NZ Dollar Gains as Fed Sparks Hope for QE3”
CAD Rebounds vs. USD & JPY, Steady vs. EUR
The Canadian dollar strengthened today against the US dollar and the Japanese yen, reversing its yesterday’s decline. The Canadian currency remained steady versus the euro, keeping its yesterday’s losses, but not falling further. The major event, that returned risk appetite to the Forex market, was the minutes of the last policy meeting of the Federal Reserve. The minutes showed that the Fed still considers stimulating the economy of the United States. The loonie was also … “CAD Rebounds vs. USD & JPY, Steady vs. EUR”