Euro has slipped into negative territory today against the US dollar as earlier risk appetite all but evaporates. There is little support the euro right now, and the US dollar is gaining the upper hand as a result. The latest news out of the United States is putting a damper on the Forex market today. First of all, the fiscal cliff negotiations began breaking down as House Speaker John Boehner began pushing … “Euro Slips as Risk Appetite Evaporates”
Month: December 2012
Slowing New Zealand’s Growth Does Not Make Kiwi Soft
The New Zealand dollar attempted to rally today even after the data showed slowing economic growth in the South Pacific country. The kiwi was a little higher versus the greenback and erased its losses against the yen. New Zealand’s gross domestic product grew 0.2 percent in the third quarter of 2012 from the previous quarter, slower than analysts have predicted — 0.4 percent. Moreover, the previous reading was revised from 0.6 … “Slowing New Zealand’s Growth Does Not Make Kiwi Soft”
US Dollar Lower Against Other Majors, But Paring Losses
US dollar is a lower against other majors right now, but the currency is paring its losses as uncertainty threatens to come creeping back into the markets. High beta currencies are higher against the greenback for now, but they are losing some ground, and threatening to move lower. A lot of what has been providing risk appetite in the markets is starting to unravel a little bit. There is enough … “US Dollar Lower Against Other Majors, But Paring Losses”
Will sterling face its own cliff in 2013?
Despite the increase in retail activity that traditionally accompanies the Christmas season, retail data released this morning was disappointing and gives further indication that the UK economy will contract in the final quarter of 2012. Yet the pound remains strong against the UK’s major trading partners. Brits are really feeling the pinch this holiday season. … “Will sterling face its own cliff in 2013?”
MahiFX Goes Social – One Click to Share Trades on
New Zealand based Forex broker MahiFX continues evolving: traders can now easily share charts, insights, commentary and trades on with various communities. MahiFX recently introduced pricing and trade alerts. For more about the social move, here is the official press release: For more information, here is the official press release: LONDON, 20 December 2012 – … “MahiFX Goes Social – One Click to Share Trades on”
Mexican Peso Slides as Fears of Fiscal Cliff Return
The Mexican peso fell today on fears that US politicians will not reach an agreement for avoiding the fiscal cliff, endangering economic growth of the United States and damping prospects for Mexican exports. There are speculations that between among President Barack Obama and Republican House Speaker John Boehner stalled. Absence of agreement will lead to automatic spending cuts and tax increases that may throw the USA into recession. That … “Mexican Peso Slides as Fears of Fiscal Cliff Return”
5 Advantages of a Strong Currency
Currency wars are going on for a long time. Everybody wants a weaker currency to encourage exports and to remain competitive. However, a strong currency also has some advantages. Here are a few. Some countries, like China, control their currency, some intervene in markets directly, such as Japan and and Switzerland. Others are busy with … “5 Advantages of a Strong Currency”
Volatility Likely to Pick Up in Early 2013
After reaching a 5 year low in volatility, a change may be underway. The return of risk into the broader system and the gradual return of investment capital into the regular investment arena are likely to send volatility upwards in the first 3 to 6 months of 2013, says John Kicklighter of DailyFX. In the … “Volatility Likely to Pick Up in Early 2013”
USD/CAD: Trading the Canadian GDP Dec 2012
Gross Domestic Product (GDP) is a measurement of the production and growth of the economy, and analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on … “USD/CAD: Trading the Canadian GDP Dec 2012”
Australian Dollar – Chinese Stability Sets the Tone
The Australian dollar became less volatile than normal and more stable – somewhat similar to what is recently seen in the Chinese economy, that seems to have stabilized. Nevertheless, the undercurrents in Australia aren’t that positive. * This article is part of the December monthly forex report. You can download the full report by joining … “Australian Dollar – Chinese Stability Sets the Tone”