The US dollar fell versus the Japanese yen and also declined against the Great Britain pound and the euro, remaining above the opening level though, after the Federal Reserve decided to keep the interest rates at the record low level. The Federal Open Market Committee announced in its statement today: The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates … “Dollar Weakens After FOMC Meeting”
Author: admin_mm
Bernanke Prints Dollars – Greenback Back Down
Ben Bernanke prints more dollars as expected from early hints. The methods that the central bank will now use, and the worries about the slowdown, end the dollar’s round trip, and makes the break down of EUR USD a false break – at least for now. In my post about scenarios for the Fed decision, … “Bernanke Prints Dollars – Greenback Back Down”
Fundamental Overview – Market Movers Last Week –
The U.S. Dollar continued showing signs of weakness last week on the back of an overall disappointing set of economic numbers from the jobs sector in the United States. The Greenback fell significantly against all the major currencies except for the Canadian Dollar, against which it only fell by 0.1%. Dollar Drops Against All Other … “Fundamental Overview – Market Movers Last Week –”
Rand Goes Down as 1.3 Million Government Workers Go to Strike
The South African rand fell today after a week of gains versus the US dollar as the nation’s economy may deteriorate after as much as 1.3 million government workers will go to strike to demand the higher wages. About 1.3 million public-sector workers expected to go to the streets for the strike today, including 800,000 members of the Public Sector Association and around 89 percent from 245,000 members of the South African Democratic Teachers Unionâs. The trade … “Rand Goes Down as 1.3 Million Government Workers Go to Strike”
Forex Factory Adds Liquidity Gauge
Forex Factory, one of the leading forex portals, has added a great addition in its market section – a gauge for real time liquidity. This addition can be very useful for traders. The Forex Factory Market page’s highlight is the independent quotes – quotes from brokers are aggregated using FF’s proprietary system, providing independent real … “Forex Factory Adds Liquidity Gauge”
Yuan Depreciates After Central Bank Lowered Reference Rate
The Chinese yuan declined today after the US currency rallied and the central bank lowered the reference rate; the increasing exports and the resulting trade surplus weren’t able to support the currency. The exports grew 38.1 percent from the previous year to $145.5 billion, following the 43.9 percent increase in June. The trade surplus was $28.7 billion. The Peopleâs Bank of China set the daily fixing at 6.7745 per dollar after the dollar advanced against 15 … “Yuan Depreciates After Central Bank Lowered Reference Rate”
Canadian Dollar Fluctuates Before FOMC Meeting, Rises vs. Euro
The Canadian dollar fluctuated against the greenback before the FOMC meeting and gained versus the euro after the stocks and crude oil rallied, boosting the currencies related to the growth. The Standard & Poorâs 500 Index rose 0.6 percent today. September delivery for crude oil rose 1 percent to $81.53 a barrel in New York. Crude oil is main export of Canada. The Canadian currency tends to follow moves of stocks and commodities. The last week’s … “Canadian Dollar Fluctuates Before FOMC Meeting, Rises vs. Euro”
Yen Falls as Demand for Safety Weakens
The Japanese currency fell today against the US dollar on the outlook that the Federal Reserve will introduce the additional stimulus, supporting the US economy. The yen also fell versus some higher-yielding currencies, including the Australian dollar, after the stocks rallied. The Standard & Poorâs 500 Index rose 0.3 percent and the Stoxx Europe 600 Index gained 1.4 percent. The European stocks rallied after the report showed that the German exports … “Yen Falls as Demand for Safety Weakens”
Weekly Video Outlook – Potential Breakouts, FOMC Meeting and
On the weekly interview on Forex TV, I spoke with Julie Sinha about this week’s events, with a focus on the FOMC meeting, that holds high expectations. In addition, I’ve covered potential breakouts in selected pairs. Enjoy! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Get the … “Weekly Video Outlook – Potential Breakouts, FOMC Meeting and”
Outlook for Euro Improves But Still Remains Pessimistic
The euro endured hard times this year as the financial crisis in the European Union made us question the very existence of the currency. Therefore, the rally it showed this summer was rather unexpected. The experts expected the rally to end soon, perhaps even this month. Does the outlook changed? Not much, though it became somewhat more bullish. The bears point out that the countries such as Greece, Spain and Portugal can … “Outlook for Euro Improves But Still Remains Pessimistic”