The Swiss franc reached the highest level since February 29, 2012 against the US dollar today as US politicians were unable to agree on the budget. The currency retreated as of now and continues to weaken. Amid the US government shutdown and the political turmoil in Italy, it is not a surprise that traders run to safe currencies, including the Swissie. The reversal of the rally was somewhat unexpected, but can be explained as a correction after the currency’s strong … “USD/CHF Falls to 19-Month Low, Rebounds”
Month: October 2013
Yen Rises with Tankan
The Japanese yen advanced today as the Tankan indices improved, suggesting that the measures to spur economic revival are working. The gains were limited though. The Tankan manufacturing index jumped from 4 on the June quarter to 12 in the September quarter. The Tankan nonmanufacturing index rose from 12 to 14. The yen rose a little after the report, but the rally was relatively week and it is a surprise considering wide-spread risk aversion caused … “Yen Rises with Tankan”
FXstreet launches enhanced broker comparison tool
Forex portal FXstreet has launched an enhanced and comprehensive version of its broker comparison tool. Search features have been enhanced, and the interface is more intuitive. Among the data available in this inventory, you can find all the company information such as payment methods and regulation, trading details such as minimum deposits, scalping and hedging, … “FXstreet launches enhanced broker comparison tool”
Euro Drops on Economic Data, Italy
Euro is dropping today, falling against its major counterparts as disappointing economic data, along with the political situation in Italy, weigh on the 17-nation currency. The latest eurozone data isn’t very encouraging right now, with factory growth in the 17-nation currency region slowing overall. In fact, factory data in larger economies, like Germany, is showing slowing as well. And there is slowing in the periphery, which is causing some … “Euro Drops on Economic Data, Italy”
UK Pound Continues to Gain
UK pound is still benefiting from recent economic news that turned out better than expected, as well as from comments from the new BOE Governor that indicate that quantitative easing is non longer needed. Amidst the political issues plaguing the eurozone and the United States, the pound looks pretty well positioned. The latest economic news out of the United Kingdom was better than expected. Hometrack‘s most … “UK Pound Continues to Gain”
Forex Crunch Key Metrics September 2013
September saw a return of traders, a rise in volatility and a rise traffic in forex trading and here on Forex Crunch. The site remained above half a million page views for the fifth month in row. For the first time, also mobile applications numbers are published. Here are the numbers: Website Page Views: 544,396. Visits: … “Forex Crunch Key Metrics September 2013”
Aussie Jumps with Help from Fundamentals & RBA Rate Decision
The Australian dollar jumped today as domestic fundamentals and the Reserve Bank of Australia policy decision propelled the currency higher, allowing it to overcome the negative impact of risk aversion, created by the US government shutdown. Australian retail sales rose 0.4 percent in August from July on a seasonally adjusted basis, beating the median forecast of 0.3 percent. The seasonally adjusted Australian Industry Group Australian Performance of Manufacturing Index jumped by 5.3 points to 51.7 … “Aussie Jumps with Help from Fundamentals & RBA Rate Decision”
Canadian Dollar Rallies as Economy Expands, Retreats
The Canadian dollar rose yesterday as economy expanded, following a period of contraction. Yet the currency retreated today amid fears concerning a potential US government shutdown. Canadian gross domestic product grew 0.6 percent in July, matching traders’ expectations. The economy shrank 0.5 percent in June. The report was definitely positive for the loonie, so it is not a surprise that the currency has rallied. Yet the current drop of the Canadian currency … “Canadian Dollar Rallies as Economy Expands, Retreats”