Japanese yen is heading higher today as risk aversion becomes an issue. Concerns stemming from Janet Yellen’s remarks before Congress yesterday are sending high beta currencies lower, and boosting the Japanese yen. Yesterday, Federal Reserve Chair Janet Yellen spoke to the Financial Services Committee in the House of Representatives about the economy, and the way forward for monetary policy. Even though the economic recovery isn’t complete, Yellen acknowledged that … “Japanese Yen Heads Higher Against Other Majors”
Month: July 2014
EUR/USD: Trading the Philadelphia Fed Index July 17 2014
The Philadelphia Fed Manufacturing Index is an important leading indicator, and is based on a survey of manufacturers in the Philadelphia area. It examines manufacturers’ opinions of business activity, and helps provides a snapshot of the health of the manufacturing sector. A reading which exceeds the forecast is bullish for the dollar. Update: Philly Fed Index … “EUR/USD: Trading the Philadelphia Fed Index July 17 2014”
EUR/GBP Little Changed After Reaching Lowest Since 2012
The Great Britain pound was little changed today after reaching the highest level since August 2012 against the euro yesterday. The sterling was flat against the US dollar and retreated a bit versus the Japanese yen. The UK Consumer Price Index rose 1.9 percent in June from a year ago, while analysts predicted just 1.6 percent growth. Employment data was also better-than-expected as the number of unemployment claims fell … “EUR/GBP Little Changed After Reaching Lowest Since 2012”
Yellen’s Comments Confusing, Dollar Has Mixed Reaction
The US dollar traded sideways as comments of Federal Reserve Chairperson Janet Yellen were received with a mixed reaction by the Forex market. The currency demonstrated strong gains against the euro for two consecutive sessions. On one hand, Yellen reiterated that interest rates are likely to stay low for a prolonged period after monetary stimulus will be removed. On the other, the Chairwoman said that monetary tightening may occur sooner if … “Yellen’s Comments Confusing, Dollar Has Mixed Reaction”
Google search adds Bitcoin to exchange rate shortcut for
By Mike Fox Until now all other currencies were easily able to be queried in the Google search bar for a quick shortcut to find the latest exchange rate. For instance, typing “100 … Source: Leap Rate
South Korean Won Drops on Interest Rate Cut Speculations
The South Korean won declined today as comments of South Korea’s official made Forex market participants speculate that nation’s policy makers may perform an interest rate cut. The new Finance Minister Choi Kyung Hwan was speaking at his inauguration today, saying about necessity to act preemptively to counter economic risks. Such comments led to speculations that the Bank of Korea will cut interest rates to support economic … “South Korean Won Drops on Interest Rate Cut Speculations”
New Zealand Inflation Below Expectations, NZD Loses Value
The New Zealand dollar plunged today, falling for the fourth consecutive session against its US counterpart, as inflation data came out a bit worse than was expected by market participants. The Consumer Price Index rose 0.3 percent in the second quarter of this year, at the same rate as in the previous quarter. Markets counted on somewhat bigger increase by 0.4 percent. While the difference was not that big, the kiwi plunged sharply after … “New Zealand Inflation Below Expectations, NZD Loses Value”
Will the Loonie Erode Further After Poloz?
Loonie has been sinking, in an overall trend kind of way, since Stephen Poloz took over at the Bank of Canada. With another policy statement on the way today, there are expectations that the Canadian dollar could go lower, particularly against the US dollar. Loonie is higher against its European counterparts today, gaining ground as the picture in Europe is generally disappointing. However, the Canadian dollar is down against … “Will the Loonie Erode Further After Poloz?”
FX Motivators & Global Decision Making
The ebb and flow of overseas investments around the world is often a major factor in the fluctuations in the forex markets, and so any insight into possible patterns of business investment is often of great help to the potential forex trader. For this reason, a recent report by BT is of great interest. BT … “FX Motivators & Global Decision Making”
OANDA launches Correlating Signals and Our Favorites – two
Forex broker OANDA extends its partnership with Autochartist and now features two new technical tools that are available only on the OANDA fxTrade platform: Correlating Signals and Our Favorites. More details are available in the official press release here: LONDON – July 16, 2014 – OANDA, a global provider of innovative forex trading services, is pleased to … “OANDA launches Correlating Signals and Our Favorites – two”