Guest Post by John Forman John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. You may be familiar with Marc Chandler from appearances on CNBC and/or reading articles he’s published in a number of venues. … “Forex book review: Making Sense of the Dollar”
Author: admin_mm
Ruble Benefits From Oil Rally
Russia is one of the main suppliers of oil for Europe, and today, as the energetic commodity continued to climb, the ruble profited from renewed confidence in trade markets and gained versus several currencies of its trading partners. The ruble continued its longest winning streak in 2010 so far this Monday, as the crude oil traded above $74 a barrel today, allowing commodity-linked currencies to outperform less appealing options in foreign-exchange markets as optimism was … “Ruble Benefits From Oil Rally”
Krona Hits Record High on Swedish Interest Rate Outlook
The Swedish krona traded at the highest level in more than a year versus the euro as the nation’s central bank signaled that interest rates may be hiked sooner than previously expected by analysts, bringing regional investors to purchase assets in the region. The Swedish currency profited from a favorable scenario in both international and national scenarios as the Riksbank said its intentions are to raise interest rates at some point during summer or early autumn, … “Krona Hits Record High on Swedish Interest Rate Outlook”
Canadian Dollar Advances on U.S. Jobless Claims
The Canadian dollar continued to gain today versus its U.S. counterpart as risk appetite rose considerably in North America after U.S. jobless claims declined beyond expectations raising demand in markets that influence the loonie, as stocks and commodities. Different events in the international economic scenario allowed the loonie to post the sharpest gains in a month versus several currencies after U.S. jobless claims declined to 440k during the past week, from a previous … “Canadian Dollar Advances on U.S. Jobless Claims”
EU Position Towards Greece Affects Euro
The euro tumbled today after an EU summit in which traders were frustrated by lack of initiative from other bloc’s members to help Greece to prevent its budget crisis to worsen, impacting the continent’s single currency attractiveness, as the region’s economic outlook remains uncertain. After an European Union summit held today in which government officials didn’t provide concrete measures to help Greece to end its fiscal crisis, the euro pared its … “EU Position Towards Greece Affects Euro”
Aussie Fights Back
The Australian dollar reminded us of its strength, riding north on another round of good employment figures. It’s now approaching an important resistance line. An update on this strong currency. The Australian unemployment rate fell to the lowest level in 11 months: only 5.3%. This exceeded expectations for a small rise from 5.5% to 5.6%. … “Aussie Fights Back”
Yen Declines on South Pacific Positive Reports
The yen started this Thursday losing versus the main South Pacific currencies as reports in the region brought risk appetite high in foreign-exchange markets, after confidence that the economic pace will accelerate in Australia and the New Zealand. After an Australian report that showed the highest jump in the country’s employment in the 3 years and a kiwi report indicating food prices rose in New Zealand, risk appetite increased further from yesterday in the region, making … “Yen Declines on South Pacific Positive Reports”
Australian Dollar Climbs on Employment Improvent
The Australian government brought risk appetite high in the beginning of this Thursday trading session after an employment report published in the country showed better than expected figures, attracting investors to purchase assets in the South Pacific region. After an employment report indicating that 52k new jobs were created in Australia in January, the Aussie advanced versus multiple important currencies, as the economic performance in the South Pacific region is providing better results … “Australian Dollar Climbs on Employment Improvent”
Canada’s Dollar Rallies on Optismism
The Canadian dollar profited today from different factors that allowed optimism to penetrate equities and commodities markets, extremely influential on the loonie rates, that touched the highest level in one-week versus its U.S. counterpart. The loonie started the day gaining versus the U.S. dollar on speculations that Greece would be receiving an immediate help from EU members to solve its financial crisis, but as these speculations faded out, the Canadian … “Canada’s Dollar Rallies on Optismism”
EUR/GBP – Reasons to Rise
EUR/GBP is enjoying new European hopes and disappointing British events. It’s now close to an important line and it erases the big move it made. Here’s a quick update. EUR/GBP now trades around 0.88, close to the 0.8840 resistance line. It already peaked twice at 0.8820. 0.8840 was broken a few weeks ago, and it … “EUR/GBP – Reasons to Rise”