The Japanese yen slipped today after the Bank of Japan concluded its policy meeting. While the central bank did not change its monetary policy, it revised economic projections for this year negatively. The BoJ announced that it is keeping interest rates near zero and the size of asset purchases at about ¥80 billion, making no surprises to market participants. Yet the central bank revised its forecast for economic … “Yen Weakens as Bank of Japan Revises Economic Forecast Down”
Month: July 2015
EUR/USD: Base Against 1.0965; GBP/USD: Strong Bullish Signal –
EUR/USD is hugging 1.10 in the aftermath of the Greek deal. GBP/USD enjoyed a rise following bullish comments from Carney. What’s next for these pairs? The team at RBS looks at the charts: Here is their view, courtesy of eFXnews: RBS Techs maintains its bullish views on EUR/USD, and GBP/USD. Starting with EUR/USD, RBS notes that … “EUR/USD: Base Against 1.0965; GBP/USD: Strong Bullish Signal –”
Forex Crunch Key Metrics – June 2015
The month of June continued seeing a strong year over year growth rate of 54% in page views and 133% in unique users. The Greek crisis had an impact on the final days of the month and this impact also entered July. Here are the numbers Website: Page Views: 674,716. Visits: 272,133. Visitors: 155,301. Time on Site: 2:18. Average … “Forex Crunch Key Metrics – June 2015”
Canadian Dollar Follows Crude Oil Prices
The Canadian dollar sank during Tuesday’s trading but bounced to trade basically flat against its major peers. The moves of the currency followed the moves of crude oil prices after the Iranian nuclear deal was announced. As was expected, moves of the Canadian currency closely tracked the movement of oil prices. What was unexpected was the exact direction of that movement. The announcement of the accord between Iran and the international community regarding the Iranian nuclear … “Canadian Dollar Follows Crude Oil Prices”
Sterling Leaps After Carney Talks About Higher Interest Rates
The Great Britain pound surged against its major rivals today after comments of the nation’s central bank head Mark Carney who spoke about higher interest rates. On the negative side, today’s economic data from the United Kingdom was somewhat soft. Carney said today that the time for an interest rate hike is coming closer. Yet he also warned that the increase will not be fast … “Sterling Leaps After Carney Talks About Higher Interest Rates”
Euro Continues to Struggle in the Wake of Greek Agreement
Euro is struggling today as Forex traders and analysts mull over the agreement reached with Greece over the weekend. The 19 nation currency is down pretty much across the board since slipping from its earlier gains against the US dollar. Concerns about a party revolt against Greek Prime Minister Alexis Tspiras are on the rise today. Recently, Greek citizens rejected a package of austerity measures through … “Euro Continues to Struggle in the Wake of Greek Agreement”
Soft US Data Sends Greenback Lower
The latest retail sales data out of the United States is softer than expected, a reality that is sending the greenback lower against its major counterparts today. Expectations for a September interest rate hike are fading a bit, although many are still holding out for the release of the Fed’s Beige Book tomorrow. Retail sales fell 0.3 per cent in June, according to the latest information released by the Commerce Department. Analysts … “Soft US Data Sends Greenback Lower”
Euro Slides as Sellers Control
Talking Points Euro failed to digest Greece outcome and was seen trading lower against the US Dollar. Germany Consumer Price Index released by the Statistiches Bundesamt Deutschland posted a decline of -0.1% in June 2015, compared with the preceding month. Italian Consumer Price Index released by the Italian National Institute of Statistics registered an increase … “Euro Slides as Sellers Control”
3 Reasons Why EUR/USD Should Fall; We Stay Short –
EUR/USD has been suffering the ramifications of the late Greek deal, but that’s certainly not the only factor moving the pair. The team at Dankse stays short and explains in detail: Here is their view, courtesy of eFXnews: -EUR/USD should fall near term on Greece, Fed and FX hedging flows -The disagreement between eurozone countries … “3 Reasons Why EUR/USD Should Fall; We Stay Short –”
AUD/USD: Trading the Chinese GDP Jul 2015
Chinese Gross Domestic Product (GDP) is a measurement of the production and growth of the economy, and analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published … “AUD/USD: Trading the Chinese GDP Jul 2015”