The Australian dollar has shown a lot of strength lately, standing strong against the soaring US dollar and even beating it occasionally, while other currencies have surrendered. Is the strength of the Aussie justified or do we have a case for it to catch up with its peers and fall? The answers are complicated. The good: GDP grew … “Australian dollar: the good, the bad and the ugly”
Month: September 2014
FXTM’s “It’s Time!” social media competition – Pakistani wins
FXTM announced the winner of its social media competition. The winner is Husnain Akram from Pakistan. All the details are in the press release below: The winner of the international social media competition run by Forex Time (FXTM) has been announced, with Pakistan’s Husnain Akram taking the coveted prize. The “It’s Time” competition has been running … “FXTM’s “It’s Time!” social media competition – Pakistani wins”
Can Dollar Maintain Rally Over Next Week?
Summer has ended, and traders returned from vacations, meaning that trading activity should start picking up. The first trading week of autumn surprised market participants with two shocks: European Central Bank policy announcement and US employment data. What traders can expect from the second week? Let us look at the US dollar and its potential moves against other major currencies. The dollar demonstrated a huge … “Can Dollar Maintain Rally Over Next Week?”
Euro Falls for Eight Week
The most important event this week turned out to be the monetary policy of the European Central Bank. Analysts expected it to be uneventful, but they were completely wrong. The resulting shock sent the euro down. While the currency managed to retain some of its gains versus the Great Britain pound by the weekend, it fell against most other major counterparts. It was euro’s eight week of losses versus the US … “Euro Falls for Eight Week”
Market Movers Episode #14: ECB drama rundown, oil prices
In this episode, we run down the big ECB announcements that have and will probably continue having a very significant impact on markets. We also discuss the recent developments in the price of oil..The episode begins with a quick discussion about the phenomenon called “analysis paralysis” and how you can avoid it. Welcome to a new episode … “Market Movers Episode #14: ECB drama rundown, oil prices”
Canada Loses Jobs, Losses of CAD Limited
The Canadian dollar fell today as economic data from Canada was unexpectedly bad. The losses were limited, though, perhaps because market participants paid more attention to news from the Unite States. Economists predicted that Canada’s employment growth would slow from 41,700 in July to 10,300 in August, but the actual report was even worse, showing a drop by 11,000. Both full-time and part-time employment contributed to the decline. The unemployment … “Canada Loses Jobs, Losses of CAD Limited”
NFP Make Nasty Surprise for Dollar Bulls, USD Halts Rally
US non-farm payrolls provided nasty surprise for dollar bulls, sending the US currency down, as they came out much worse than was expected. The greenback halted its rally but not necessarily lost upward momentum completely, and it reached new highs for the year against some of its peers before retreating. US employers added just 142,000 jobs in August, according to the official data released today. It … “NFP Make Nasty Surprise for Dollar Bulls, USD Halts Rally”
JPY Bounces After Touching Six-Year Low vs. USD, Loses Ground to EUR
The Japanese yen traded near the opening level against the US dollar after touching the lowest rate since October 2008 earlier today. The currency is losing ground versus the euro following yesterday’s massive gains. The disparity between monetary policy outlooks for the Federal Reserve and the Bank of Japan makes the yen less attractive than the dollar even in times when traders seek safer assets, like they were doing after … “JPY Bounces After Touching Six-Year Low vs. USD, Loses Ground to EUR”
Malaysian Ringgit Retains Losses After ECB Surprise
Most risky currencies fell yesterday after the surprise interest rate cut from the European Central Bank, and the Malaysian ringgit was among them. Today, the Forex market is still shaken, meaning that the yesterday’s trends remain in place. Yesterday’s surprise from the ECB threw the market into disarray, resulting in all sorts of volatile moves among currencies. Positive economic data from the United States added to the mix, fueling … “Malaysian Ringgit Retains Losses After ECB Surprise”
Pro-Russian rebels enter Mariupol – report
According to reports, the pro-Russian rebels have entered the Ukrainian city of Mariupol, in the new front in the far south east of the country. This is an escalation in the conflict, at the time when efforts for peace are being made. While the focus is now on the Non-Farm Payrolls and the echoes from the ECB … “Pro-Russian rebels enter Mariupol – report”