Euro is heading lower today as risk aversion makes an appearance. China’s stocks slid unexpectedly, and many are starting to look at the emerging markets in the eurozone as problem areas. With bond yields on the rise in the periphery, there are concerns of yet another eurozone crisis. Risk in the markets in general took a hit today as Chinese stocks dropped dramatically. Shanghai saw some serious losses, and that is weighing on risk appetite all … “Euro Drops Amidst China, Eurozone Emerging Market Problems”
Month: June 2013
EURUSD technicals look bearish – in positive correlation with
As we all know markets moved significantly last week in favor of stronger USD after the FOMC statement and notes that the US Federal Reserve may start to begin tapering the quantitative easing program this year, if the country continues on the road to economic recovery as expected. This means they want lower unemployment rate … “EURUSD technicals look bearish – in positive correlation with”
Weakness of Polish Zloty Leaves Little Room for Interest Rate Cut
The Polish zloty fell today. The recent weakness of the currency led to speculations that the central bank will not be able to cut interest rates again as this can damage the zloty further. Andrzej Kazmierczak, the member of the Monetary Policy Council of the National Bank of Poland, said: Rate cuts obviously hurt the zloty and if the current pace of depreciation continues, it could end up having a devastating impact on bond prices and investor … “Weakness of Polish Zloty Leaves Little Room for Interest Rate Cut”
USD/JPY: Trading the US Core Durable Goods Orders
The US Core Durable Goods Orders indicator measures the change in value of durable goods orders placed with manufacturers, excluding transportation items. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 12:30 GMT. Indicator Background Core Durable … “USD/JPY: Trading the US Core Durable Goods Orders”
Trading GBP/USD – A Special Relationship
With a daily trading volume of over four billion US dollar – a conservative estimate – the foreign exchange market, also known as FX or Forex market, is the most popular financial market in the world. The sheer amount of liquidity and the ability to trade it 24 hours a day, anywhere in the world … “Trading GBP/USD – A Special Relationship”
Amazingly Good Week for Dollar
The US dollar had amazingly good week as the signs of an end to Federal Reserve’s quantitative easing helped the currency to soar, outperforming all other most-traded currencies. The Fed’s policy announcement overshadowed all other events of the week. It rocked the Forex market and made stocks, bonds and commodities crash. Some analysts thought that the reaction was excessive, but it did not change the fact that most market participants believed … “Amazingly Good Week for Dollar”
JPY Closes Almost Flat vs. EUR & GBP, Loses to USD
The Japanese yen closed little changed versus the euro and the Great Britain pound at the last session of this trading week, but lost to the US dollar. The Forex market is still trying to digest this week’s announcement of the Federal Reserve. There is immense volatility on the market and the traders’ desire to risk is rather limited. Usually, such conditions are perfect for the yen, yet the currency was falling for the whole week and only on the last … “JPY Closes Almost Flat vs. EUR & GBP, Loses to USD”
Dollar Ends on Week on Positive Note
The US dollar closed higher today, rising for the third straight day against the euro and for the fifth consecutive session versus the Japanese yen, as risk aversion continues to drive the currency up. The Dollar Index advanced for the third day, rising 0.6 percent to 82.310. The gauge gained 1 percent on June 19 when the Federal Reserve signaled about a possible end to quantitative easing. It was indeed expected that comments about reduction … “Dollar Ends on Week on Positive Note”
Canadian Economic Releases Miss, Sending Loonie Lower
Canadian economic releases disappointed today, and with the dollar dominating everything in sight, it’s little surprise that the loonie is lower. Earlier today, Statistics Canada released inflation numbers that came in below expectations. Analysts had expected to see an increase of 0.4 per cent from April to May, but the number came in at 0.2 per cent instead. Matters also aren’t being helped by the fact that retail sales, … “Canadian Economic Releases Miss, Sending Loonie Lower”
Euro Lower as Risk Aversion, Dollar Dominate
Euro is heading lower today, dropping as risk aversion sets in, and as the dollar dominates the markets. Uncertainty over the eurozone, combined with the expectation that the Fed will end quantitative easing relatively soon, is sending the 17-nation currency lower against the greenback today. Eurozone leaders are recommitting themselves to fixing the economy and moving forward with bailout programs for Greece and Cyprus. Even though there have been concerns … “Euro Lower as Risk Aversion, Dollar Dominate”