We are pleased to share a forex interview on this week’s major events and forex trends with the senior currency strategist at DailyFX.com, John Kicklighter. John specializes in combining fundamental and technical analysis with money management. John authors a number of regular articles forDailyFX.com, ranging in topics from basic fundamental forecasts for the G10 economies and … “Forex Market Interview with Senior Currency Strategist, John Kicklighter”
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Japanese Yen Falls as Investors Prefer Risk
The healthy shape of the global economy prompts the investors to sell the Japanese yen in favor of the riskier assets, driving the currency down. Not only the higher-yielding currencies may be more attractive than the yen. The economic growth in the US causes talks about possible increase of the interest rates, increasing attractiveness of the US dollar, while the interest rates hike in Japan is considered to be far ahead. USD/JPY rose from 82.36 to 82.49 as of 14:06 … “Japanese Yen Falls as Investors Prefer Risk”
Egypt Strikes Widen – End of Mubarak Regime Closer
Workers in various Egyptian cities are on strike. When industry, newspapers and labor at the Suez canal come to a halt, Egyptian military strongmen might indeed find only one way to restore order – overthrow Hosni Mubarak and listen to the masses. The reports about strikes and protests of workers are intensifying: Railway technicians in … “Egypt Strikes Widen – End of Mubarak Regime Closer”
New Zealand Dollar Weakens as English Predicts Recession
The New Zealand dollar slid today as Bill English, the Prime Minister of New Zealand, said that the nation’s economy may slip back to recession in the second half of this year. English’s words by the economic data as New Zealand’s gross domestic product declined 0.2 percent in the third quarter of 2010 and the employment contacted in the fourth quarter. The global economy still looks good and can be supportive for the New Zealand currency. NZD/USD declined … “New Zealand Dollar Weakens as English Predicts Recession”
Sterling’s rate sensitivity
So should the Bank of England be thinking about raising rates? This is the question that is going to be preoccupying sterling today and tomorrow as the Bank of England meets to discuss interest rates. Guest post by FxPro Statistically, the risks are certainly higher this month. During the MPC’s history, exactly half of rate changes have … “Sterling’s rate sensitivity”
Soha al-Naqqash Also Quits Egyptian Nile TV
Following the resignation of Sharira Amin, also Nile TV presentor Soha al-Naqqash quit the state run Nile TV. She refused to continue doing “unprofessional” work and broadcasting propaganda about the protests in Egypt. More and more workers of the government lose their fear from the regime. Is Mubarak on his way out? Demonstrations are getting … “Soha al-Naqqash Also Quits Egyptian Nile TV”
British Trade Deficit Widens Significantly
The trade balance in Britain has significantly risen in January – 9.2 billion pounds. This is higher than last month’s 8.7 billion and early expectations that stood on 8.6 billion. The impact on the British pound seems very limited at the moment – GBP/USD is almost unchanged at around 1.6080. Previous releases had a stronger … “British Trade Deficit Widens Significantly”
Global Economy Recovers, Swiss Currency Declines
Optimism for the growth of the global economy continues to reduce the demand for the safer assets, driving the Swiss franc down, even though the Swiss economy supports appeal of the currency. Peter Rosenstreich, the chief market analyst at ACM Advanced Currency Markets, explained: The Swiss franc is in an awkward position with risk easing. The risk premium thatâs built into the Swiss franc is going to be unwound unless we encounter a rash of risk aversion. … “Global Economy Recovers, Swiss Currency Declines”
Higher Interest Rates in China Can’t Support US Dollar
The US dollar weakened today as investors’ demand for the riskier assets persists even after China has increased its interest rates. It looks like attempts of China’s government to cool the nation’s economy aren’t enough to diminish optimism for the global growth. The report for the fourth quarter of the previous year is expected to show that the inflation in China increased by 4.6 percent, the fastest growth in 30 months. The rapidly accelerating inflation prompted the Peopleâs … “Higher Interest Rates in China Can’t Support US Dollar”
Ahmad Shafiq Office Under Siege in Cairo
The office of the Egyptian prime minister Ahmad Shafiq is under siege by protesters, demanding a regime change in Egypt. Shaifq holds this position only for a around 10 days, after president Hosni Mubarak sacked the previous government. While the international media is already tired of reporting the demonstrations in Cairo’s Tahrir square, today saw … “Ahmad Shafiq Office Under Siege in Cairo”