UK pound is heading higher today, gaining ground as the economic picture improves, markets head higher, and the Bank of England is expected to move forward with a policy to step down its asset purchase program. Even though Bank of England Governor Mark Carney expressed that a low-rate policy will remain in place for the foreseeable future, many analysts and others expect the BOE to step down its asset purchase program, … “UK Pound Gains Ground Against Major Counterparts”
Month: February 2014
Loonie Mixed in Forex Trading
It’s been an interesting few days for the loonie, and today the Canadian currency is mixed on the Forex market. However, even with the mixed performance, the Canadian dollar is mostly higher against its major counterparts. Even though things appear to be slowing a bit for the Canadian economy, the loonie is getting a little boost — at least against the US dollar. Recent housing starts data showed that things had slowed down … “Loonie Mixed in Forex Trading”
Risk on the Foreign Exchange Market
Guest post by James Sheffley of BabyPips.com. The foreign exchange market is the biggest financial market in the world. It’s used to make money by normal everyday people, banks, corporations, hedge funds, and central banks, and it can be as safe or as risky as you choose to make it. This control gives individual investors … “Risk on the Foreign Exchange Market”
Risk on the Foreign Exchange Market
Guest post by James Sheffley of BabyPips.com. The foreign exchange market is the biggest financial market in the world. It’s used to make money by normal everyday people, banks, corporations, hedge funds, and central banks, and it can be as safe or as risky as you choose to make it. This control gives individual investors … “Risk on the Foreign Exchange Market”
Kiwi Follows Other Growth-Related Currencies in Gains
The performance of the New Zealand dollar did not differ from that of other growth-related currencies. In other words, the kiwi, as the New Zealand currency is nicknamed, was rising on the back of the positive market sentiment. The major reason for the traders’ mood to be upbeat was the release of Chinese trade data, which was surprisingly good, during the Asian trading session. Imports advanced 10 percent in January from a year ago, compared to the median … “Kiwi Follows Other Growth-Related Currencies in Gains”
Aussie Maintains Rally with Help of Chinese Economic Data
The Australian dollar continued to show strength today with the help of a positive trade balance report from China. The currency managed to hold onto gains even as domestic data was not helpful, showing a decline of consumer sentiment. Chinese imports surged, but this did not prevent an increase of the nation’s trade surplus from $25.6 billion to $31.9 billion. The data improves prospects for Australia’s exports to the nation’s biggest trading partner. … “Aussie Maintains Rally with Help of Chinese Economic Data”
AUD/USD: Trading the Australian jobs Feb 2014
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian jobs Feb 2014”
US Dollar Struggles as Yellen Stresses Low-Rate Policy
Greenback is struggling today as it looks as though the Federal Reserve’s low-rate policy will remain in effect for some time. Janet Yellen’s testimony before Congress has many looking toward the future, and trying to figure out how the Fed’s tapering efforts will proceed. Janet Yellen is the new Chair of the Federal Reserve, and she is making her first remarks to Congress in that capacity today. She has stressed … “US Dollar Struggles as Yellen Stresses Low-Rate Policy”
Euro Gets a Little Boost From Continued Improvement
It might be a slow improvement, but the eurozone economy is showing signs of recovery. The eurozone GDP did rise a little bit in the third quarter of 2013, and Mario Draghi and the rest of the ECB are confident enough that they haven’t taken further moves to boost the economy. As a result, the euro is gaining ground today, especially against low beta currencies. Euro is higher against the dollar and the yen today as risk … “Euro Gets a Little Boost From Continued Improvement”
Thai Baht Maintains Gains, Can It Keep Rallying?
The Thai baht rose today together with other risky currencies, but remains in a vulnerable position due to the unresolved political crisis in the country that erodes the appeal of the currency and endangers the nation’s economy. The baht demonstrated strength last week and continue to rally this week. The political problems, which caused the earlier slump, did not go away though and Thailand’s economical, and political environment is in disarray as the country is waiting for the official … “Thai Baht Maintains Gains, Can It Keep Rallying?”