The Great Britain’s pound advanced today after the Japanese government performed the intervention to stem the yen’s gains, increasing the attractiveness of the currencies, perceived to be riskier. Henrik Gullberg, the currency strategist at the Deutsche Bank AG, said: Thereâs an improvement in risk appetite after the intervention of Japan overnight. It highlights that further easing wonât just be felt in the U.K. and thatâs helping the pound. Britain’s currency rose versus all of its 16 … “Britain’s Pound Goes Higher after Japan’s Intervention”
Author: admin_mm
Australian & New Zealand Currencies Gain vs. Yen
The Australian and New Zealand dollar went up versus the Japanese yen today after Japan’s government intervened, selling the yen. The New Zealand dollar fell against its US and Australian counterparts. Yoshihiko Noda, Japanâs Finance Minister, said today that Japan unilaterally sold the yen to protect thee nation’s exports, causing the yen to weaken against other most traded currencies, including the Australian and New Zealand ones. The Aussie … “Australian & New Zealand Currencies Gain vs. Yen”
Ruble Weakens After Japan’ Intervention, May Appreciate Later
The Russian ruble weakened today against the dollar-euro basket on the speculation that the appreciation of the currency would be curbed after Japan sold the yen for the first time since 2004. The ruble also fell as the oil prices slipped. Russia’s central bank may intervene to stabilize the currency as its swing may hurt the exports. In the long run, Japan’s intervention may be good for the ruble as the yen’s weakness, together with the declines of the dollar and the euro, … “Ruble Weakens After Japan’ Intervention, May Appreciate Later”
Intervention of Japan’s Government Sends Yen Tumbling Down
The Japanese government intervened today in order to stop the gains of Japan’s currency, despite the candidate, who insisted on the intervention, lost the election as the head of the ruling party. Yoshihiko Noda, the Minister of Finance, announced that Japan unilaterally sold yen today. Masaaki Shirakawa, the Governor of the Bank of Japan, said in his statement he hopes the intervention would stabilize the foreign exchange market. Yoshito Sengoku, the Chief Cabinet Secretary, claimed that the Finance Ministry … “Intervention of Japan’s Government Sends Yen Tumbling Down”
5 Reasons Why The Yen Intervention Will Hold
The massive intervention by the BOJ to weaken the yen sent USD/JPY more than 200 pips higher. The move is far from over. The first intervention in 6 years comes after months of failed verbal intervention. Here are 5 reasons why this move will be powerful. There are significant differences between the failed interventions by … “5 Reasons Why The Yen Intervention Will Hold”
EUR/USD Sep. 15- Slipping After the Goldman Move
EUR/USD shot up on Goldman’s speculation about more dollar printing. After conquering 1.30, it slipped back down. Today’s events can supply lots of action. Here is a quick update on fundamentals, technicals, and community trends. EUR/USD flirting with 1.30. Click to enlarge. EUR/USD Technicals Asian session: EUR/USD slipped lower during Asian session. Current Range is … “EUR/USD Sep. 15- Slipping After the Goldman Move”
Loonie Strengthens vs. Greenback on Outlook for Interest Rates
The Canadian dollar reached today the highest level in almost six weeks against the US dollar on the outlook that the central bank would continue to raise the interest rates. The currency slipped versus the euro as doubts about the strength of the US economy remains, which is bad for the Canadian currency as the US is the major trading partner of Canada. The loonie also rose after the Basel Committee on Banking Supervision gave lenders enough time to comply … “Loonie Strengthens vs. Greenback on Outlook for Interest Rates”
Yuan Rises to Highest Level Since 1993 vs. US Dollar
The Chinese yuan reached the strongest level since 1993 versus the US dollar today on the speculation that China’s government would allow the faster appreciation of the currency to avoid the trade sanctions from the US. Lu Ting, the economist at the Bank of America-Merrill Lynch explained: China doesnât want to see the relationship with the U.S. get hurt because of the currency issue. There will be more space for yuan appreciation also because signs show … “Yuan Rises to Highest Level Since 1993 vs. US Dollar”
Barrier Options Now Available on StartOptions
Together with the evolution of forex trading, also binary options are evolving – StartOptions is now offering Barrier Options. These hourly options have a 300% return rate when the option expires “in the money” – if the barrier level has been reached at expiry. This new product came after many traders on the platform … “Barrier Options Now Available on StartOptions”
Swiss Franc Reaches Parity with US Dollar as Growth Concerns Rise
The Swiss franc reached parity with the US dollar today for the first time since December 4th 2009 as the demand for the safety grew on the concerns for the global recovery and the stocks declined. The German ZEW Economic Sentiment slipped from as much as 18.3 point from 14.0 to -4.3 in September. The reading below zero indicates pessimism. Axel Weber, the president of the Deutsche Bundesbank, said that the European policy makers “shouldnât be tempted to call an end” … “Swiss Franc Reaches Parity with US Dollar as Growth Concerns Rise”