The Japanese yen rallied yesterday and kept its gains today as weakening of the yuan fueled concerns that Chinese economic growth is slowing. The political crisis in Ukraine added to risk aversion sentiment on the Forex market. The yen’s strength hurt carry traders, who hoped the currency to weaken. Speculations are persisting that China’s incredible economic performance is not sustainable. Attempts of the People’s Bank of China to curb gains of the yuan did … “Yen Rallies, Hurts Carry Traders”
Month: February 2014
NZD/USD: Trading the New Zealand Trade Feb 2014
New Zealand Trade Balance is a key release which is released each month. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Wednesday at 21:45 GMT. Indicator Background New Zealand Trade Balance is closely related to currency … “NZD/USD: Trading the New Zealand Trade Feb 2014”
Euro Struggles After European Commission Report
Euro is dropping against the US dollar today, and struggling against other counterparts. The European Commission released a report about the eurozone economy, and the euro’s performance today is at least partially influenced by it. According to the European Commission, the eurozone can expect to lag behind the United States and China for the rest of 2014, and during 2015. Even though there are signs of an improving economy, the eurozone is still struggling, especially in terms of employment. … “Euro Struggles After European Commission Report”
US Dollar Weak Against Other Majors
The US dollar is showing weakness today, heading lower against other majors. Concerns about the US economy are weighing on the greenback, even as some of the fears about the eurozone are allayed. Concerns about upcoming data are weighing on the US dollar today. There are worries about consumer confidence and home prices data will reveal about the economy. While there has been some noise that recent … “US Dollar Weak Against Other Majors”
The Forex Championship 2013/14 details announced
The Forex Championship announced the details of the new season after the end of the previous one. Prices have been extended. Here are all the details from the official press release: The Forex Championship is the largest and oldest FX competition. September 2nd marked the start of our 5th annual Championship season. The 2012/2013 season … “The Forex Championship 2013/14 details announced”
GBP/USD: Trading the British Second GDP Feb 2014
British GDP, published each quarter, measures the production and growth of the UK economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 … “GBP/USD: Trading the British Second GDP Feb 2014”
Track exchange rates – new and free forex alert service
A new currency exchange rate tracker keeps users up to date on forex developments of their choice. It seems easy to use and free of charge. This is a short review of a new forex alert service called Track exchange rates that the provider, (SpecificFeeds.com) wrote for Forex Crunch: It is a free service which … “Track exchange rates – new and free forex alert service”
Another Week of Weakness for Sterling?
The Great Britain pound for a long time has been one of the top performers on the Forex market, but last week it became a loser. Will the currency continue to lose this week or the last weekâs drop was just a short-lived correction? The most important event for the sterling this week should be the release of Britainâs gross domestic product estimate for the fourth quarter of 2013. It will be the second estimate, and analysts think … “Another Week of Weakness for Sterling?”
Draghi under pressure to loosen Eurozone monetary policy
The European Central Bank (ECB) President Mario Draghi takes the spotlight this week as the market’s attention turns to Friday’s Consumer Price Index data release for the 18-member Eurozone state. Volatility is expected in the market around Friday’s announcement, especially because January’s reading of 0.7% shocked the market confounding expectations for a rise to 0.9%. … “Draghi under pressure to loosen Eurozone monetary policy”
Loonie Heads Higher Against Major Currencies
Canadian dollar is heading higher against its major counterparts today, following the latest inflation report. Even though there are some concerns about the most recent retail sales data, and it doesn’t appear that rates will rise anytime soon, the latest data indicates that things are likely to remain steady, and the loonie is gaining as a result. Last week, Statistics Canada reported lower than … “Loonie Heads Higher Against Major Currencies”