During the Monday’s trading session, the New Zealand dollar showed performance similar to that of its Australian counterpart. The currency gained a bit on the euro but was little changed against the US dollar. China, being the second biggest trading partner of New Zealand, has a big impact on the well-being of the South Pacific nation. Yet today’s data from the Asian nation was confusing, giving no edge to the New Zealand currency. As a result, … “NZD Gains on EUR, Flat vs. USD”
Month: October 2015
Australian Dollar Fails to Rally After China’s Data
The Australian dollar gained against the euro today following the release of mixed economic data from China. The currency has attempted to rally against the US dollar as well but failed and trades close to the opening level as of now. China’s gross domestic product expanded 6.9 percent in the third quarter of this year — slower than in the previous quarter but not as slowly as economists had anticipated. The Aussie has tried to rally versus … “Australian Dollar Fails to Rally After China’s Data”
Yen Gets Support from Upbeat Economic Report
Japanese yen is seeing some strength today, thanks in large part to an upbeat economic report. Also helping the yen is a bit of a departure from the earlier risk-on sentiment of the market. Yen is higher against some of its major counterparts right, thanks in large part to statements from government officials and a recent economic assessment. Recently, the Chief Cabinet Secretary in Japan, Yoshihide Suga, said that the government isn’t planning … “Yen Gets Support from Upbeat Economic Report”
Euro Struggles Ahead of ECB Meeting Later this Week
Euro is struggling today, heading mostly lower against major counterparts ahead of an ECB meeting scheduled for later this week. Expectations that Mario Draghi will try to “talk the euro down” are high. Euro has been exhibiting more strength than expected lately, gaining ground as concerns about the US dollar and other major currencies rise. However, right now the 19-nation currency is heading lower, … “Euro Struggles Ahead of ECB Meeting Later this Week”
Varoufakis: 4 problems, 4 solutions – analyzed – #72
We start with analyzing the 4 problems and 4 solutions that Varoufakis presented in Barcelona, continue with the data dependent dollar drive and finish with a preview of the interesting week. You are welcome to listen, subscribe and provide feedback. Yanis Varoufakis in Barcelona: We attended a talk with the ex-finance minister of Greece that is touring Europe. Apart … “Varoufakis: 4 problems, 4 solutions – analyzed – #72”
EURUSD: Sets Up For More Bear Pressure
EURUSD: Having EUR closed slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below its key resistance zone at 1.1459/94 level. Support lies at the 1.1300 level where a violation will aim at … “EURUSD: Sets Up For More Bear Pressure”
Euro Set For Prolonged Weakness
Investors that are focused on the currency markets have noticed some interesting trends so far this year. For the most part, the US Dollar has been bought against many of its commonly traded counterparts. This activity has been propelled by the increasingly high probability that the Federal Reserve will be the first major central … “Euro Set For Prolonged Weakness”
BOJ not really keen on pulling the trigger
Quantitative Easing is already big in Japan. The original QQE program from April 2013 shocked markets and so did the second one in October 2014, also thanks to the Japanese government. Tension is growing towards the October 30th decision with many analysts contemplating QE3 in Japan. Yet this might not come so fast. This is when … “BOJ not really keen on pulling the trigger”
EURJPY Remains At Risk Below The 136.96/137.44 Area
EURJPY: The cross took back most its previous week gains to close lower on Friday. This development leaves it vulnerable to the downside in the days ahead. While holding below the 136.96/137.44 zone,its key overhead resistance, risk remains lower. Support comes in at the 135.00 level where a break will aim at the 134.50 level. … “EURJPY Remains At Risk Below The 136.96/137.44 Area”
US Dollar Continues to Suffer as Traders Pare Bets on Rate Lift-Off
The US dollar was among the weakest currencies on the Forex market during this trading week as traders continued to pare bets on an interest rate hike this year. Speculations about a delay of a rate lift-off by the Federal Reserve continued to undermine the dollar’s strength. The mildly bullish analysts’ forecasts proved to be wrong as the greenback ended the week among losers even though it was attempting to bounce. Saying that, the US dollar was … “US Dollar Continues to Suffer as Traders Pare Bets on Rate Lift-Off”