The US dollar is set to end the week lower, in spite of showing strength earlier. Forex traders and investors waiting to see what the final outcome of the situation in Cyprus is, along with what happens in other areas of the world. So far, the news has led to cautious optimism, and the greenback hasn’t been needed as a safe haven. Earlier in the week, the US dollar gained strength as concerns about Cyprus and the eurozone recession weakened the euro. … “US Dollar Set to End Week Lower”
Month: March 2013
EURUSD Could Find a Low When S&P Completes a Downward
Markets are back in the range and trading sideways now after a reversal lower yesterday on US stocks. The S&P500 cash market moved close to 1538 support which of-course also pulled down the others as well, such as DAX and even NIKKEI futures. Meanwhile, we still have unresolved situation on EURUSD, where both counts from … “EURUSD Could Find a Low When S&P Completes a Downward”
Ryan vs Murray – Which would you Choose?
Yesterday when all the hoopla from the FOMC meeting died down, it was announced that the Senate had passed a bill to fund the US government until September of this year. Without this bill the US government would have effectively had to shut down on March 27th. The question yesterday was will the GOP dominated … “Ryan vs Murray – Which would you Choose?”
Euro Down on Regional Economic Data
Euro is down pretty much across the board today, heading lower as regional economic data drags on the 17-nation currency. The slide for the eurozone appears to be accelerating, raising concerns about recession, even as countries on the periphery continue to struggle. Markit Economics reports that PMI dropped to 46.5 in March, as opposed to the 47.5 number from February. The news indicates that the rate of decline is on the rise. On top of that, there are still … “Euro Down on Regional Economic Data”
Aussie Recovers to Some Degree after Leadership Spill Request
Aussie dropped earlier in trading as ALP Labor veteran Simon Crean called for a leadership spill. The Australian dollar dropped as political uncertainty reigned in Australia. Concerns about Julia Gillard’s stint as Prime Minister weighed on the Australian dollar, but the Aussie seems to be coming out of it a bit right now, with Gillard’s leadership confirmed. There’s a lot else going on in the world right now, from the new Bank of Japan governor, … “Aussie Recovers to Some Degree after Leadership Spill Request”
tradable adds SVSFX to the platform
tradable, the Danish startup, continues expanding. The company now added SVSFX, a London based broker, to the tradable platform. tradable recently expanded also to India and added Tradenext. More details about the SVSFX partnership are here: The company behind a platform that is revolutionising the world of trading has added to its expanding client base. tradable, the award-winning … “tradable adds SVSFX to the platform”
Japanese Yen Heads Lower as Risk Appetite Returns on Cyprus News
Japanese yen is heading lower as risk appetite makes an appearance on the Forex market. The news out of Cyprus is indicating a certain level of improvement — and showing that the ECB is serious about doing whatever it takes to keep the euro whole. Earlier, the yen saw some small gains as concerns related to Cyprus prompted interest in a safe haven. Also supporting the yen was an indication of improvement in the Japanese economy. The Japan Department … “Japanese Yen Heads Lower as Risk Appetite Returns on Cyprus News”
Loonie Rises on Economic Data, Cyprus
Canadian dollar is on the rise today, gaining against the US dollar as better economic data is expected, and as the situation in Cyrpus eases some. Today it’s about risk-on in Forex trading, and loonie is reaping some of the benefits. For the first time in three days, the loonie is gaining ground against the greenback. Concerns about Cyprus are fading, since the European Central Bank has agreed to continue providing liquidity to Cyprus until … “Loonie Rises on Economic Data, Cyprus”
MahiFX Adds a Forex Trading Desktop Application
New Zealand based Forex Broker MahiFx expands its services for its client and launches a desktop application. One of the promising features of this application appeals to serious forex traders: multi flow of information on different screens. MahiFX recently went social. For more information about the new desktop application, here are all the details from … “MahiFX Adds a Forex Trading Desktop Application”
Risk-on/Risk-off dynamic of FX markets is all but dead
While there are still safe havens and more liquid currencies that are favoured in times of severe stress (such as the recent Cypriot crisis), the new dynamics are quite different, says Simon Smith of FxPro. Yen weakness depends more on the new governor than the flight to safety. In the interview below, Smith also discusses … “Risk-on/Risk-off dynamic of FX markets is all but dead”