The euro bounced after fears of financial crisis in Cyprus abated to some degree. The currency advanced versus the US dollar and erased losses against the Japanese yen, but remained soft against the Great Britain pound. Cyprus reopened its banks, but instituted severe measure to prevent a flight of capital from the system. Among such measures are limit of just â¬300 to withdraw locally. The government claimed that such measures are … “Euro Bounces as Traders Less Fearful of Cyprus”
Month: March 2013
Swiss Franc Gains as Uncertainty Remains
The Swiss franc jumped today, suggesting that traders still require a safe haven even as tensions around Cyprus eased somewhat. The rally was rather strong, almost erasing yesterday’s losses versus the US dollar. Forex traders felt a little less concerned regarding the situation in Cyprus. Yet the franc’s (and the yen’s) rally suggests that not everybody is ready to drop safer assets in favor of riskier ones. Indeed, the future … “Swiss Franc Gains as Uncertainty Remains”
Zloty Gains as Cyprus Reopens Banks
The Polish zloty rose today as fears of the financial crisis in Cyprus abated after country’s banks reopened today. The currency may yet be damaged by the unfavorable domestic fundamentals. Cyprus’s banks were reopened today, but lawmakers limited the amount of money that can be withdrawn. Such measure prevented a massive flight of capital from the country’s banking system, alleviating tension among investors to some degree. The zloty gained on the news, … “Zloty Gains as Cyprus Reopens Banks”
Loonie Loses Ground on Lastest US Employment Data
Loonie is losing ground against its major counterparts today, thanks in large part to disappointment over the latest US employment data. Earlier, the Canadian dollar was fluctuating against its counterparts, but it appears that the loonie is moving solidly lower now. The latest initial unemployment claims in the United States has put a bit of a damper on the loonie’s gains. The Canadian dollar often does well when there … “Loonie Loses Ground on Lastest US Employment Data”
US Dollar Lower as Lack of Cyprus Panic Helps Risk Appetite
US dollar is lower today after yesterday’s solid gains, and as lack of panic in Cyprus gives risk appetite a bit of a boost. There could still be strength for the US dollar coming later this year, though. For now, though, the US dollar index is lower. Banks in Cyprus opened today, following a hiatus that lasted almost two weeks. The bank openings are accompanied by rules limiting cash withdrawals, … “US Dollar Lower as Lack of Cyprus Panic Helps Risk Appetite”
Forex Trading and Your Financial Instruments
If you want to be proficient in forex trading, then you must understand the basic financial instruments that it entails. Below is just a few of those instruments. Careful selection has been made to make sure that they provide the widest coverage. But that is only a primer. For a more detailed discussion, the reader … “Forex Trading and Your Financial Instruments”
3 Types of Cypriot Forex Brokers
Cyprus is home to quite a few forex brokers. One these brokers, Windsor Brokers Ltd. responds to questions following the crisis and explains about the 3 different types of Forex Brokers in the euro-zone island nation. They state that funds are held out of the country and thus client funds are safe. Are you trading … “3 Types of Cypriot Forex Brokers”
CPattern reports increased trading with its Guardian Angel product
CPattern has released data regarding its Guardian Angel platform and the results shows satisfaction and increased trading. Cpattern recently launched a Traders’ Abandonment Detection Service More information is available here from the press release: CPattern’s Guardian Angel™ sets a record in impact on traders’ activity and volume. The Guardian Angel™ provides traders instant feedback on how … “CPattern reports increased trading with its Guardian Angel product”
Yen Gains Despite Kuroda’s Talks About Intervention
The Japanese yen gained today as worries about the situation in Europe overshadowed the talks of Bank of Japan Governor Haruhiko Kuroda about monetary easing and weakening the currency. Kuroda was speaking today to the upper house lawmakers. Earlier this week, he told the lower house that he keeps the target of 2 percent inflation. Such talks did not affect the currency much. The reason for absence of reaction from the yen may be … “Yen Gains Despite Kuroda’s Talks About Intervention”
GBP Loses to USD & JPY, Gains on EUR
The Great Britain pound declined today against the US dollar and the Japanese yen after the data confirmed the contraction of economy in the last quarter. At the same, time the currency rose versus the euro, which was hard-pressed by the problems in the eurozone. Britain’s gross domestic product fell 0.3 percent in the fourth quarter of 2012 according the final revision. It was unchanged from the previous estimates. On top of that, the annual growth was revised down by 0.1 … “GBP Loses to USD & JPY, Gains on EUR”