Euro is lower today, dropping as Forex traders look ahead to policy expectations from Mario Draghi and the European Central Bank. Many expect the ECB to embark on looser monetary policy, and that is weighing on the euro. While the ECB might be quite ready to announce measures that would lead to a looser monetary policy, many expect things to head that direction quite soon. Indeed, even if Mario Draghi and other … “Euro Drops on Policy Expectations”
Month: September 2014
ECB Preview: 4 options – lower forecasts but probably no
The ECB convenes for its monthly rate decision and expectations are higher after Mario Draghi’s Jackson Hole speech. Will the ECB act now or just hint of QE in the future? Will the event allow the pair to recover or further push it down? Here is a preview: Updates: EUR/USD guide next levels after the ECB … “ECB Preview: 4 options – lower forecasts but probably no”
How Andy Krieger Made His Name in the Forex Market
As Forex traders, we all hunger for that one big deal that is going to immortalize us among the gods of currency trading. It’s often good to draw inspiration from truly big traders with big ideas – not that we all have the resources to do the same, but it’s nice to dream. Andy Krieger … “How Andy Krieger Made His Name in the Forex Market”
Chilean Peso Ignores Negative Revision to Growth Projections
The Chilean peso rose with other currencies of emerging markets thanks to the positive risk sentiment among Forex market participants. It allowed the currency to ignore a downward revision to the projected economic growth by the nation’s central bank. Hope for ceasefire in Ukraine brought risky currencies of emerging markets up, allowing some of them to ignore negative domestic fundamentals. One of such currencies was the peso, which shook off the quarterly Monetary Policy … “Chilean Peso Ignores Negative Revision to Growth Projections”
Yen Weakens Ahead of BoJ Policy Announcement
The Japanese yen weakened today against other most-traded currencies at the early Asian session ahead of the Bank of Japan monetary policy announcement. For now, losses are not big and are not enough to erase yesterday’s gains. The BoJ will announce its policy decision later today. While market participants are not expecting changes to the existing policy, they are still nervous as BoJ Governor Haruhiko Kuroda signaled that … “Yen Weakens Ahead of BoJ Policy Announcement”
Swedish Krona Rises, Ignoring QE Talks
The Swedish krona rose today despite speculations about possibility on quantitative easing from the nation’s central bank. The positive market sentiment was likely responsible for gains of the currency. The Riksbank surprised the Forex market in July, cutting its main interest rate by half a point to 0.25 percent. Data released since than showed that consumer inflation decelerated, falling from 0.2 percent to 0.04 percent. It suggests that the central … “Swedish Krona Rises, Ignoring QE Talks”
Bank of Canada Propels CAD Higher
The Canadian dollar jumped today after the Bank of Canada issued a rather optimistic statement following its monetary policy meeting. The currency reached the highest level since January against the Japanese yen. The BoC left its main interest rate at 1 percent today. Regarding the global economy, the central bank noted faltering recovery in the European Union, caused by the negative impact of the situation in Ukraine on confidence, but also mentioned signs of solid … “Bank of Canada Propels CAD Higher”
5 Reasons to fade the Ukraine-Russia ceasefire
The breaking news about a “permanent” ceasefire between Ukraine and Russia triggered a relief rally that sent EUR/USD up alongside stock markets. The much needed good news from the region could be short lived. Is it all over for real? Here are 5 reasons to doubt the move: Confirmation only from Ukraine: The announcement of a “permanent” ceasefire … “5 Reasons to fade the Ukraine-Russia ceasefire”
![Forex Insights for September [Video]](https://investinearth.org/wp-content/uploads/2014/09/Fotolia_1842865_XS-351x185.jpg)
Forex Insights for September [Video]
Nicholas Puri covers the key themes from August 2014 in the US and European markets, as well as discussing what to expect from September. Geopolitical tensions are expected to be a key theme throughout September providing distraction from a stronger outlook for US growth (despite an uncertain labour market). The possibility of ECB quantitative easing … “Forex Insights for September [Video]”
Japanese Yen Mostly Lower After Services Data
Japanese yen is mostly lower today, following the release of the latest services PMI data. Additionally, expected changes to the government’s investment fund are expected in the coming weeks, and that is also having an impact. The latest Japanese services PMI data showed a drop to 49.9 in August. This is down from the July reading of 50.4. Even though composite PMI climbed, the concern about services PMI is still weighing … “Japanese Yen Mostly Lower After Services Data”