Japanese yen is strengthening as risk appetite fades. Lackluster economic data, continued eurozone concerns, and general risk aversion are all sending Forex traders to safe havens like the yen. For a time, the Japanese yen was weaker on the expectation that the Bank of Japan would increase its easing efforts. Announcements that more quantitative easing would be used as economic stimulus in Japan followed the dramatic announcement of unlimited easing … “Japanese Yen Strengthens as Risk Appetite Fades”
Month: September 2012
USD/CAD: Trading the Canadian Core CPI
Canadian Core CPI is one of the most important consumer indicators. The index measures the change in the price of goods and services charged to consumers. A reading that is higher than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Friday at 12:30 … “USD/CAD: Trading the Canadian Core CPI”
Euro Slips Against the Dollar, But Remains Just Above 1.30
Euro is slipping a bit against the US dollar, heading a little lower, but the 17-nation currency continues to hold on to the 1.30 level. Selling pressure is building, though, as weak economic data and continued inaction from eurozone leaders weighs on the euro. Concerns about what’s next for the eurozone continue to weigh on the overall performance of the euro, and add to future uncertainty. The latest economic news out of the eurozone, showing Construction Output, was disappointing, … “Euro Slips Against the Dollar, But Remains Just Above 1.30”
Aussie Gets Boost from News Out of Japan
Australian dollar is getting a boost today, heading higher after the Bank of Japan announced a plan to further ease the situation for the yen. The move is expected to help the Japanese economy, and the Australian dollar is getting a boost, similar to the gains seen at the end of last week with the quantitative easing announcement from the United States. Aussie is seeing some support after losing ground earlier this week. Yesterday, the news about … “Aussie Gets Boost from News Out of Japan”
Leverate Launches FXPN – A New Forex Affiliate Network
Leverate, a provider of solutions for brokers, has major news: it launched a forex affiliate network. The brand new network is dedicated solely to forex and already has ten brokers and hundreds of partners working with it. The Israeli-based company has been very active with new developments, especially since it received an investment from Saxo … “Leverate Launches FXPN – A New Forex Affiliate Network”
USD/JPY: Trading the Philly Fed Index September 2012
The Philadelphia Fed Manufacturing Index is an important leading indicator, and is based on a survey of manufacturers in the Philadelphia area. It examines manufacturers’ opinions of business activity, and helps provides a snapshot of the health of the manufacturing sector. A reading which exceeds the forecast is bullish for the dollar. Here are all … “USD/JPY: Trading the Philly Fed Index September 2012”
MahiFX Launches Customisable Viewing Options to Trading Platform
New Zealand based Forex Broker MahiFX continues to develop its platform. With the new customisable viewing options, traders can squeeze more out of their trading platform, thus helping them to trade. This announcement follows up an introduction of new charting and technical analysis components launched by the broker back in May. More details about this development … “MahiFX Launches Customisable Viewing Options to Trading Platform”
NZD/USD: Trading the New Zealand GDP September 2012
New Zealand Gross Domestic Product (GDP) is a key release, released each quarter, which measures 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 New Zealand dollar. Here are all the details, and 5 possible outcomes for … “NZD/USD: Trading the New Zealand GDP September 2012”
US Dollar Gains as Uncertainty Returns to the Markets
US dollar is heading higher today, getting some help from the uncertainty that is returning to the markets. The weakness from the quantitative easing announcement is fading a bit as Forex traders look for a little certainty in the current environment. Greenback is gaining right now, thanks to the latest news out of China, as well as renewed concerns about what is happening in the eurozone. In China, housing prices aren’t growing at the same rate … “US Dollar Gains as Uncertainty Returns to the Markets”
Canadian Dollar Struggles to Hold Ground against US Dollar
Canadian dollar is struggling today, working to hold ground against the US dollar as risk aversion sends high beta currencies lower today. Loonie is one of those that is down against the greenback, but the Canadian currency has been making moves to steady itself. After reaching 13-month highs at the end of last week, the last two days have not been kind to the Canadian dollar. The euphoria over … “Canadian Dollar Struggles to Hold Ground against US Dollar”