The Great Britain pound fell today against the Japanese yen after report showed the number of the mortgage approval decreased more than expected. The pound gained against the US dollar, which fell against all other currencies. The number of new mortgages approved for home purchase during the September was 31,104, compared to the August value of 31,781. The analysts expected the value near 31,600. The analysts also expect the house prices to continue their … “Pound Falls as UK Mortgage Approvals Declined in September”
Author: admin_mm
Yen Continues to Strengthen, Intervention May Be Possible
The Japanese yen continued to rise today as the Group of Twenty meeting last week hasn’t provided decision, which could change the behavior of the currencies. The Bank of Japan confirmed its readiness to intervene in order to weaken the currency for protection of the nation’s exporters. Japan’s companies already reported the earnings, which declined because of the stronger yen. The analysts think the central bank wouldn’t intervene in the near term, attempting to gauge the influence of the strong currency on the economy before … “Yen Continues to Strengthen, Intervention May Be Possible”
Why What You Know Can Kill Your Trading
We have all been there before. You look at your charts and you see a classic pattern forming be it a head and shoulders or bear flag or any of the other well known trading patterns. Since you’ve seen this pattern many times before and you just know exactly what the market is going to … “Why What You Know Can Kill Your Trading”
Australian Dollar Rises with Higher PPI
The Australian dollar rose today after the report showed the Producer Price Index rose more than forecast in the third quarter. The Australian Producer Price Index (PPI) advanced from 0.3 percent to 1.3 percent in the third quarter of this year. The traders expected more moderate growth by 0.6 percent. The Australian dollar also rose as the report this weak expected to show that the inflation accelerated. AUD/USD advanced from 0.9846 to 0.9949 … “Australian Dollar Rises with Higher PPI”
Dollar Falls After G-20 Meeting
The US dollar slumped today as the G-20 meeting failed to provided any reasonable plan on how to avoid the competitive devaluation of the currencies across the world, fueling the speculation about future quantitative easing by the Federal Reserve. While the problem of the “currency wars” was discussed on the meeting, the participants haven’t decided on any actual measures to prevent forceful weakening of the currencies of the various countries. Japan announced that it’s ready to prevent any excessive gains of its … “Dollar Falls After G-20 Meeting”
Markets.com Now Alive – A Rebranding of GFC
GFC Markets was a relatively young forex broker. It grew fast and now moves forward by rebranding with a lucrative domain name – markets.com. In addition to the shiny new name, they are adding useful tools to traders: 7 different trading platforms, including MT4, a browser based platform and mobile applications which see a growing … “Markets.com Now Alive – A Rebranding of GFC”
If they can’t take my house, why should I pay for it?
That’s the question that millions of Americans struggling to pay their mortgages should be asking now with the foreclosure freeze. The question for forex traders is: how will this mortgage mess move currencies? Here’s a review of the crisis, still a low profile crisis, the devastating implications and scenarios for the dollar. Bank of America has stopped … “If they can’t take my house, why should I pay for it?”
How G-20 Meeting May Influence Japanese Yen?
The Japanese yen demonstrated yesterday the same pattern as other currencies as it was highly volatile, yet closed near its opening level. Unlike some other currencies it managed to close above the opening level against most currencies. The explanation for such behavior is simple: the traders were agitated, anticipating the G-20 meeting, yet was unwilling to risk as the outcome of the meeting is far from clear. It was obvious … “How G-20 Meeting May Influence Japanese Yen?”
Euro Struggles Extend Its Rally vs. Dollar This Week, Fails
The euro struggled this week to sustain its rally against the US dollar. The speculation that the euro was overbought limited its gains but the fundamentals were supporting the currency for the most part. Against the US dollar and the Japanese yen the currency showed the same pattern. It strongly declined after China’s decision to raise the interest rates, which drove the investors to the safer currencies. But in the second half of the week the euro attempted to rise … “Euro Struggles Extend Its Rally vs. Dollar This Week, Fails”
Dollar Attempts to Reverse Downward Trend Ahead of G-20 Meeting
The US dollar fluctuated today, attempting to rise but meeting a resistance, as Timothy Geithner, the US Secretary of the Treasury, suggested that the G-20 countries should agreed on the targets to reduce the current account imbalances. Geithner proposed, as a measure to ease the currencies tensions and prevent the so-called currency wars, the countries with the positive trade balance to decrease their surpluses, in the same time helping the countries with the trade deficits. The leaders of other countries divided in their … “Dollar Attempts to Reverse Downward Trend Ahead of G-20 Meeting”