The Japanese yen rose against the US dollar yesterday, maintaining its gains today, and was little changed against the euro and the Great Britain pound after the Bank of Japan released its monetary policy minutes. The BoJ released the minutes of its October meeting yesterday. As was expected, all Board members voted unanimously for maintaining stimulus measures unchanged. Yet the minutes still managed to surprise market participants as some of policy makers … “Yen Not Bothered by BoJ Minutes”
Month: November 2013
Canadian Dollar Struggles on Oil Fluctuations
Canadian dollar is lower today, struggling as oil fluctuations cause difficulty. Oil is slightly higher right now, but earlier there were losses and a certain amount of see-sawing after the nuclear deal was reached with Iran. For now, the loonie is just mostly lower against its major counterparts. Oil, Canada’s biggest natural resource, was fluctuating earlier today, after heading lower. The deal reached … “Canadian Dollar Struggles on Oil Fluctuations”
ECB could set a negative deposit rate in Q1 2014;
The rate cut was the least effective policy option that the European Central Bank had and the euro is now higher than before the cut, say Simon Smith of FxPro. So, a negative deposit rate could could be seen in the first quarter of 2014, and the impact could be strong. In the interview below, … “ECB could set a negative deposit rate in Q1 2014;”
Euro Logs Gains Against Major Counterparts
Euro is heading higher today, logging gains against its major counterparts. Forex traders are waiting for speeches from ECB Executive Board members, and there is also anticipation for inflation numbers set to be released on Friday. Clues about where the euro could be headed next are likely coming. Right now, there is a lot interest in consolidating for the end of the month, as well as trying to figure out … “Euro Logs Gains Against Major Counterparts”
No stopping for the US housing market – Dectaper getting
The S&P / Case Shiller House Price Index showed a gain of over 1% in house prices in the 20 biggest US cities in September. Year over year, this is a gain of 13.3%, above 13% expected. Even if the result were to come below expectations, a rise of over 10% in housing prices, and … “No stopping for the US housing market – Dectaper getting”
Forex Crunch is a proud FXstreet contributor; Join a
Forex Crunch contributes to FXstreet since 2010. This long term cooperation is certainly fruitful. The large forex portal has produced new “Proud Contributor” badges, and this is a great opportunity to show gratitude once again. You can follow Forex Crunch on FXstreet on the profile page here. And, this is also an opportunity to invite … “Forex Crunch is a proud FXstreet contributor; Join a”
USD/JPY Shooting Star pullback could serve as a buying
The USD/JPY pair rose during the session on Monday, but couldn’t hang onto the gains. What resulted is a shooting star, and as a result the market looks as if it is ready to pull back. Nevertheless, this may not be a proper selling opportunity and some traders (myself included) are actually remaining long and even … “USD/JPY Shooting Star pullback could serve as a buying”
How to start trading forex successfully
View from the dealing floor. Tarik Chebib works on IG’s dealing floor. For more about forex visit: https://www.ig.com/au/forex-trading In order to trade forex, or FX, one needs to devise a strategy to take advantage of rapidly changing circumstances. There is no shortcut to developing your strategy as it needs rigorous testing of how it fares in … “How to start trading forex successfully”
Indonesian Rupiah Drops After Failed Debt Auction
The Indonesian rupiah dropped today after the nation’s debt auction failed and as investors were selling Indonesian assets. Indonesia sold $190 million of bonds yesterday, trailing the $450 million target. It is not a good sign for the country’s economy. The rupiah was also under pressure from anticipation of stimulus tampering by the US Federal Reserve. USD/IDR went up from 11,745 to 11,765 as of 11:02 GMT today. If you have any … “Indonesian Rupiah Drops After Failed Debt Auction”
Rally of Australian Dollar Fails
The Australian dollar was rising at the start of today’s trading session, but the rally failed and the currency is trading below the opening level right now. Reserve Bank of Australia Deputy Governor Philip Lowe said today: We donât rule intervention in or out, thatâs been a long-standing practice. In the past, we have been prepared to intervene in the currency market when itâs clear the currency was misaligned or the market wasnât working well. … “Rally of Australian Dollar Fails”