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On the weekly interview on Forex TV, I spoke with Julie Sinha about the Euro and yen bears, the Pound bulls and also looked at the major events that will rock the markets this week. Enjoy: Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Get the 5 … “[Video] Euro and Yen Bears, Pound Bulls and More”
Author: admin_mm
Malaysian Ringgit Falls on Economic Concerns
The Malaysian ringgit fell today on the concerns that the global economic recovery is faltering, hurting the export-driven economies of Asia. The Japanese gross domestic product expanded by only 0.1 percent, less than even most pessimistic forecasts, while Malaysia and Taiwan expected to report that their economies also slowed. Thailand and Singapore forecast to report slower increase of the exports. USD/MYR traded at about 3.1660 today as of 14:05 GMT after it … “Malaysian Ringgit Falls on Economic Concerns”
Russian Ruble Rises with Oil Prices
The Russian rose today after crude oil, the main source of the nation’s revenue, gained and as the exporters converted their foreign currency earnings into the Russian currency. The Russian exporters exchanged their foreign currency earnings for the ruble to pay the taxes this week. The crude oil prices advanced 0.7 percent to $75.95 per barrel in New York. The oil prices gained as the concerns for the global economy eased somewhat, but the fears may return, … “Russian Ruble Rises with Oil Prices”
FXCM Gives Best Possible Price on Weekend Gaps
On weekend gaps, if the price at the opening is better than your limit, you’ll get a deal only at your limit, and not the best possible price in the market. This applies for most brokers. Such gaps occur also on surprising news releases. Now FXCM commits to give the best possible price – positive … “FXCM Gives Best Possible Price on Weekend Gaps”
Good Week for US Dollar Despite Troubles with US Economy
The US dollar performed rather well against other major currencies this week, despite the concern for the US economy. In fact, actually the concern for the economic growth was one of the reasons the other currencies fell versus the greenback. The major market driver this week was the statement of the Federal Reserve that the US economic growth would be “more modest”. Together with the unexpectedly increased US jobless claims it caused a bit … “Good Week for US Dollar Despite Troubles with US Economy”
Japanese Yen Declines vs. Dollar & Pound
The Japanese yen weakened today against the US dollar and the Great Britain pound and traded near the opening level versus the euro as the traders consider the possibility of the intervention by the Bank of Japan in order to curb the currency’s gains. The Japanese currency gained on the concern for the global economic recovery, spurred by the dovish statement of the Federal Reserve this week. The problem is that the strong currency may hurt the Japanese exporters, and thus harm Japan’s economic growth. The BoJ … “Japanese Yen Declines vs. Dollar & Pound”
Swiss Franc Rises vs. Euro on Economic Prospects
The Swiss franc rose today against the euro on the speculation that the austerity measures would cripple the economic recovery in Europe and that the Swiss National Bank would raise the interest rates before the European Central Bank. The franc fell versus the US dollar. Manuel Oliveri, the strategist at UBS, said: Austerity measures will hamper growth in Europe, put pressure on the single currency and support the franc. Even if concerns have waned that … “Swiss Franc Rises vs. Euro on Economic Prospects”
New Zealand Dollar Gains on Retail Sales & Stocks
The New Zealand dollar gained today against its US counterpart after the report showed that the retail sales grew with the fastest pace since 2007; the stocks rallied, adding to the attractiveness of the higher-yielding currencies. The retail sales in New Zealand grew by 0.9 percent in June, compared to the previous reading of 0.4 percent and the predicted value of 0.5 percent. The Standard & Poorâs 500 Index and the MSCI Asia Pacific Index of regional shares … “New Zealand Dollar Gains on Retail Sales & Stocks”
Euro Rises vs. Dollar on German GDP, But Can It Sustain Its Gains?
The euro halted today it four-day losing streak against the US dollar after Germany’s economy grew with faster pace than anticipated, suggesting the Eurozone economy is more stable that was thought. The German gross domestic product rose by 2.2 percent in the second quarter of 2010. The median estimate was 1.3 percent growth. The result for the first quarter of 2010 was revised substantially upwards, now showing a 0.5 … “Euro Rises vs. Dollar on German GDP, But Can It Sustain Its Gains?”
3 Reasons Why Impressing Growth Fails to Cheer EUR/USD
European GDP numbers were released today. Germany led the Euro-zone growth with a whopping 2.2%, and also the overall number was excellent – 1%, much better than expected. But the gains in EUR/USD are very limited. Why? Here are three answers. Apart from German growth, 0.9% more than expected, best since the reunification, France also … “3 Reasons Why Impressing Growth Fails to Cheer EUR/USD”