The Great Britain pound gained today as UK house prices were rising with accelerating pace this month, alleviating some fears that investors have had about Britain’s economy. Experts are still skeptical about the pound’s ability to keep rising, though. The Rightmove House Price Index increased 2.6 percent in October after growing 0.9 percent in September. The data helped the sterling to extend its rally that … “Housing Data Supports Sterling’s Rally”
Month: October 2014
Dollar Drops on Rate Hike Speculation
The new speculation about rate hikes is that they might come a little later after all. This new view of interest rates has many Forex traders turning away from the dollar, and instead buying other currencies. US dollar is mostly lower today as Forex traders re-evaluate the likelihood that the Federal Reserve will raise rates as early as some thought. With the global economy slowing down … “Dollar Drops on Rate Hike Speculation”
Forex markets: Fear makes comeback, but for how long?
Fear is back and generating volatility across the major markets, including forex, with participants dialling down expectations of rate rises in the US and UK and are growing increasingly concerned over the state of the global economy. JPY has strengthened on cue, whilst USD has actually weakened, despite its safe haven status, and this has … “Forex markets: Fear makes comeback, but for how long?”
Euro Trades Mixed on the FX Market
Euro is trading mixed today, gaining ground against low beta currencies, but losing ground against its high beta counterparts. There is a lot of concern about the euro right now, and the 18-nation currency is only getting a bit of a boost as risk appetite makes an appearance. Euro has been struggling recently, and for good reasons. Worries about what’s next for the eurozone are valid. Germany is fixated … “Euro Trades Mixed on the FX Market”
Start Of The USD Rebound? How To Position? – BNPP
The dollar got quite a few blows recently and corrected some of its gains. Is it beginning to recover? The team at BNP Paribas discusses this topic and suggests an interesting opinion, especially on which currencies to tackle. Here is their view, courtesy of eFXnews: Today’s Asian session has witnessed a remarkable turnaround with Japan’s Nikkei … “Start Of The USD Rebound? How To Position? – BNPP”
Barclays’ Trade Of The Week: Stay Short EUR/GBP
The euro-zone and UK economies have been going in different direction for quite a while, but the EUR/GBP cross has not been a one way street, to say the least. Where is the pair headed next? Barclays has a clear answer. Here is their view, courtesy of eFXnews: Investors following tactical strategies should consider staying short … “Barclays’ Trade Of The Week: Stay Short EUR/GBP”
CAD Falls Over Week, Trims Losses By Weekend
The Canadian dollar fell over the week as prices for crude oil were slipping. The currency bounced by the end of the week, trimming its weekly losses, due to a positive inflation report and recovery of prices for crude. Prices for crude oil were in decline for the most part of the week, trading below the $90 level. It was bad for the Canadian economy as crude is the major export of the country. Additionally, manufacturing sales fell 3.3 percent in August, demonstrating … “CAD Falls Over Week, Trims Losses By Weekend”
Higher Stocks Help UK Pound
UK pound has been ailing recently, and the gains for stocks today are helping remedy that — at least for now. Concerns about the UK economy are on the rise, so the sterling’s gains today may not last. Sterling is higher almost across the board today, following a couple days of disappointment. UK economic data has been disappointing, particularly the latest CPI data. Instead of showing improvement, CPI dropped to 1.2 … “Higher Stocks Help UK Pound”
EURUSD Higher Highs and Trading Above W1 Support –
EURUSD has suffered quite heavy losses in the last few trading months – thanks to the strength gained in the USD. We all know that these trends don’t last forever and the markets can shift from bearish to bullish sentiments overnight. The EURUSD downtrend looks like as it has run out of steam as the … “EURUSD Higher Highs and Trading Above W1 Support –”
Market Movers Episode #20: Questions for every trader, crashing
The markets are storming and we cover it all: from the still strong economy of the UK through the big tumble in oil prices and finally with a wide coverage of everything causing the global gloom in stocks, bonds and currencies. We big begin with a few more questions that each trader should ask. Welcome to … “Market Movers Episode #20: Questions for every trader, crashing”