From looking at the recent dynamics of the Swiss franc in the foreign exchange market it can be undoubtedly said that the currency is now treated as a safe haven by the traders. It reached its new historical maximum against the euro today. Following a strong growth yesterday (more than 1 percent), spurred by the non-zero yield for the 6-month Swiss bonds, the Swiss franc touched its new record high level against … “Franc at New Record vs. Euro, Counts as Safe Haven”
Author: admin_mm
Pound Falls to New Lows as BoE Expects Recession
The Great Britain pound fell to its one-month low against the USD and to the 3-month low against the yen, following the comments of the country’s monetary officials and the global bearish trend for the riskier assets. According to the interview given to The Times by Martin Weale (a member of the Monetary Policy Committee of the Bank of England), the risk of the continuation of the recession is quite strong and there are chances that the 4-quarter growth value may turn out negative in the UK. Today’s figures … “Pound Falls to New Lows as BoE Expects Recession”
Will the US Economy Fall Alone?
US existing home sales were a huge disappointment – dropped by 28% to a rate of 3.83 million. But instead of risk aversion that was seen lately, the markets acted differently, with the dollar collapsing together with stock market. Is the US decoupling from the world? Everybody knew that the housing sector couldn’t really stand … “Will the US Economy Fall Alone?”
Harness the power of Sentiment to Get in on the
One big epiphany I had as a trader after losing money month after month while becoming a slave to my trading platform was that a successful trading strategy must somehow exploit the behavior of the market. I know, obvious, right? It may look obvious, but it may be a bit deeper than one typically realizes. … “Harness the power of Sentiment to Get in on the”
Yen Reaches New Decade Highs on Forex Risk Aversion
The expectations for the worsening of the global economic situation in the developed nations fueled the risk-averting mood in the foreign exchange market, pushing the Japanese yen to the new yearly maximums today. The yen reached its new record high level against the US dollar since June 1995 and the strongest level against the euro since September 2001. A three-month high was reached against the Great Britain pound. As almost always with the yen, the reason for the gains lies … “Yen Reaches New Decade Highs on Forex Risk Aversion”
Loonie Falls as Traders No Longer Expect Rate Change
The Canadian dollar continued its downward fall against the USD today, as the Forex traders expect no interest rate hike from the country’s central bank when it meets next time in two weeks. The loonie (as the CAD is nicknamed) has reached its weakest mark against the US dollar since July 20 today. The likelihood that the Bank of Canada will go for a rate hike at its meeting on September 8 … “Loonie Falls as Traders No Longer Expect Rate Change”
Can Yen Profit from Economic Uncertainty?
The Japanese yen is considered a safe currency, which makes it attractive in the times of the economic instability, like nowadays. While its appreciation slowed compared to the beginning of this year, and it even weakened a little versus some other currencies during the summer, the yen remains very attractive currency for those who desire safety. Will it retain its value or it’s time to sell the currency while it’s still highly … “Can Yen Profit from Economic Uncertainty?”
AUD Recovers After Falling on Opening
The Australian dollar fell against all of its major counterparts at today’s Forex market opening, as Australia may be left without a majority government for the first time since 1940. The Aussie has immediately entered an uptrend after this negative opening. Hung parliament isn’t anything good for the country’s currency and, after Saturday’s federal election, Australia is quite close to the situation where no party can get a necessary … “AUD Recovers After Falling on Opening”
Americans Drifting Away from Stocks – Will the Dollar
In the past 30 months, Americans have moved away from stocks into bonds, according to Investment Company Institute that monitors mutual funds. The last time that this happened, between 1984 to 1987, it ended in a huge collapse of the stock market. Will history repeat itself? Will the dollar leap on such an event? Nearly … “Americans Drifting Away from Stocks – Will the Dollar”
Australian Dollar Falls This Week on Poor News for Riskier Assets
This week was volatile for the Australian dollar, but it generally declined against most other major currencies as the concern for the economic growth continues to haunt the markets. The currencies linked to the growth had hard time to sustain their strength as signs of the slower economic growth were coming from all parts of the world. The main source of the worries is, of course, the US with its economic data, which causes the talks about the possible … “Australian Dollar Falls This Week on Poor News for Riskier Assets”