With debt issues of Greece and quantitative easing from the European Central Bank, the euro had plenty of reasons to drop and it did so against the US dollar. Surprisingly enough, the currency moved sideways against the Great Britain pound and even gained on the Japanese yen. Talks between Greece and its European creditors reached impasse yet again as Greece’s plans for economic reforms were found inadequate. This means that the threat … “Euro Falls vs. Dollar, Resilient vs. Other Majors”
Month: March 2015
Dollar Has Bullish Setup Ahead of NFP
The US dollar has been in a corrective mode lately but was attempting to renew its rally for the last several trading sessions. Is this a sign of resumption of a bullish trend or just a noise on the market? The greenback was struggling to regain its footing during the past week. The string of poor macroeconomic reports was hampering such attempts while the speech of Janet Yellen, Chairperson of Federal Reserve, supported the US currency in its struggle. … “Dollar Has Bullish Setup Ahead of NFP”
ECB QE continues full steam – EUR/USD set to fall?
The bond buying program of the European Central Bank is entering its fourth week. Towards the launch of the program and during the first week, there were fears that the ECB would not have enough bonds to buy, that its goal of 60 billion per month was somewhat too ambitious. Well, the latest weekly release shows that … “ECB QE continues full steam – EUR/USD set to fall?”
What Will Happen To USD When The Fed Pulls The
The US dollar has strengthened quite a lot in anticipation of a rate hike, and also due to convergence with other central banks that took the other path. What will happen in the day after? The team at HSBC observe the situation and reach a clear conclusion: Here is their view, courtesy of eFXnews: “The overall … “What Will Happen To USD When The Fed Pulls The”
Orbex brings “Invest Like Her” to a successful close
Cyprus based forex broker Orbex completes its campaign focusing on women. The firm has collected testimonials from women in finance, conducted interviews and has also given away prizes. Here are all the details from the official press release: Limassol, Cyprus, 20th March 2015 Following the worldwide campaign in honour of the International Women’s Day, Forex broker … “Orbex brings “Invest Like Her” to a successful close”
Yen Falls with Japan’s Industrial Production
Japan’s industrial production declined last month, resulting in a drop of the Japanese yen during the current trading session. The yen fell against the US dollar and even against the euro, though it fared better versus other currencies. Japan’s industrial production was down 3.4 percent in February, almost two times the value forecast by experts. This made the yen vulnerable to its rivals. Still, the Japanese currency managed to hold ground … “Yen Falls with Japan’s Industrial Production”
Australian Dollar Gets Beaten by US Currency
Commodity currencies were on the back foot today as the US dollar continued to fight for dominance on the Forex market. The Australian currency was among losers falling for the fourth straight trading session against its US peer and the Japanese yen. The greenback was fighting downside pressure last week and continued its battle today. So far, it is winning, and this put other currencies on the back seat. Currencies linked to performance of raw … “Australian Dollar Gets Beaten by US Currency”
Will The British Pound Start to Reverse?
The British Pound has been one of the most heavily sold currencies in 2015, and forex traders are still waiting for an indication that these bearish trends have run their course. But when we look at the British economy from a broader perspective, there is a clear case that can be made for further weakness … “Will The British Pound Start to Reverse?”
USD/CHF Looks To Keep Recovery Tone
USDCHF: With USDCHF still facing recovery higher risk, a move higher could occur in the new (see daily chart) although closing lower the past week. On the downside, support comes in at the 0.9550 level. A turn below here will open the door for more weakness to occur towards the 0.9500 level and then the … “USD/CHF Looks To Keep Recovery Tone”
EUR/JPY Looks Set For A Test of 129.00
The Euro was seen trading lower against the Japanese yen, as buyers struggled to take the shared currency higher. There are several hurdles on the way up for the EURJPY pair, which prevented upside in the pair every time it traded higher. Today, the Japanese Industrial Production, which measures the outputs of the Japanese factories … “EUR/JPY Looks Set For A Test of 129.00”