Guest post by ForexTraders.com The U.S. Dollar turned in a dismal performance last week against the most of the major currencies. Nevertheless, the Greenback managed to rise slightly against the New Zealand Dollar in the wake of the RBNZ’s decision to leave their benchmark Official Cash Rate unchanged at 3.00% and more so against the Japanese … “Fundamental Overview – Market Movers Last Week –”
Author: admin_mm
Kiwi Falls as Fed May Refrain from Additional Stimulus
The New Zealand dollar slipped today on the speculation that the Federal Reserve wouldn’t continue the quantitative easing to support the US economy, decreasing the appeal of the riskier currencies. Most analysts say that the Fed would refrain from buying of the government debt. The traders priced the in the expectations for the additional stimulus perhaps too fast and too much. The kiwi also fell as the speculators lowered their debts on the rates hike by the Federal Open Market Committee on its … “Kiwi Falls as Fed May Refrain from Additional Stimulus”
Rupee Strengthens on Record Capital Inflows
The Indian rupee gained today as the investors’ confidence in the currency was highest since May 2009 after the unprecedented $25 billion of the capital inflows into the nation’s equities. The global funds pumped $15.8 billion into the stock in 2010, 54 percent higher than in the same period last year, and $9.2 billion into the debt, more than the total amount for the previous eight years. The analysts say that outlook for India’s growth and stocks … “Rupee Strengthens on Record Capital Inflows”
Fireworks Will Probably Wait Till November – FOMC Preview
The Federal Open Market Committee (FOMC) is likely to repeat its previous statement and not provide any exciting news, as it did last time. Nevertheless, choppy trading will follow this release. FOMC Preview. Last month’s dramatic decision The previous FOMC meeting provided lots of action. The committee, lead by Ben Bernanke, decided to renew the … “Fireworks Will Probably Wait Till November – FOMC Preview”
Britain’s Pound Drops on Weak UK Housing Market
The Great Britain pound fell today versus the US dollar, the euro and the Japanese yen on the concerns that the weakening housing market would hurt the recovery of Britain’s economy from its worst recession. The number of the new mortgages approved for the home purchases during the previous month dropped from 47,000 in July to 45,000 in August. The decline to 46,000 was expected. The value of the home loans went down pounds from 6.1 billion pounds to 5.9 … “Britain’s Pound Drops on Weak UK Housing Market”
Bernanke, Guarded Yen and More in the Forex Video
In the weekly forex interview on Forex TV, I spoke with Julie Sinha about the non-expectations from the FOMC meeting, the technical levels of USD/JPY that the BOJ monitors, despite the holidays in Japan, pairs to watch this week and more. Enjoy: I’ve already beforehand that the yen intervention has a good chance of succeeding. … “Bernanke, Guarded Yen and More in the Forex Video”
Rand Rises on Record Gold Prices
The South African rand trades near opening level after it rose previously as the gold prices remain near the record level and on the expectation the report would show this week that the nation’s traded deficit decreased in the second quarter. Gold gained 0.5 percent, rising for the third consecutive day, to of $1,283.38 per ounce, the record high level in all times. The analysts estimated that South Africa’s current account deficit decreased … “Rand Rises on Record Gold Prices”
EUR/USD Goes Up on Outlook for US Housing Market
The US dollar slipped today versus the euro as the experts anticipate that the report today show the low level of confidence among the US homebuilders and on the outlook for the interest rates. The analysts say that the National Association of Home Builders Housing Market Index was at 14 in September. The value below 50 indicates the negative outlook on the home sales. The Federal Open Market Committee meets tomorrow and expected to keep on its meeting the interest rates on the current … “EUR/USD Goes Up on Outlook for US Housing Market”
Japan’s Yen Falls on Intervention, Stops Decline by Weekend
The Japanese yen slumped this week after Japan’s government intervened to trim gains for the first time since 2004, but the currency stopped its decline as the concerns for the economic growth resurfaced with the new strength. The analysts said at the beginning of the week that the intervention looked unlikely as the candidate, who was insisting on the intervention, lost the election as the head of the ruling party and the government was considered too week to intervene. The intervention happened, nevertheless, sending … “Japan’s Yen Falls on Intervention, Stops Decline by Weekend”
New Zealand Dollar Rises, But Gains Tempered by Growth Outlook
The New Zealand dollar rose today at the start of the trading session against the US dollar and the Japanese yen as the gains of the Asian stocks increased the appeal of the higher-yielding currencies, but for the most part of the day it was declining as the fundamentals in New Zealand weren’t supportive to the currency. The MSCI Asia Pacific Index of shares gained as much as 1 percent and the Standard & Poorâs 500 Index rose 0.6 percent. The kiwi, as the New Zealand currency commonly … “New Zealand Dollar Rises, But Gains Tempered by Growth Outlook”