The U.S. dollar advanced versus several key currencies after a Federal Reserve statement announcing that a number of stimulus to help the economic recovery will be lifted, as according to central bankers, the economy is already showing enough evidences of improvements to allow these measures. The greenback gained after a Federal Reserve monetary policy statement published today showed optimism with hawkish attitudes from central bank officials, since several … “Dollar Advances on Fed Hawkish Tone”
Author: admin_mm
Canadian Dollar Remains Bearish on Stocks Performance
The Canadian dollar did not manage to revert its losing trend today as equities and commodities continued to decline globally, fueling emerging concerns that Canada’s economic recovery will suffer from a slower-than-expected recovery in most of its main trading partners. Markets were rather cautious before today’s Federal Reserve interest rate decision announcement, and the loonie was affected by a low volume of trades today in stocks and commodities markets. The crude … “Canadian Dollar Remains Bearish on Stocks Performance”
Euro Slides on Stocks Regional Drop
The European market outlook continued to grow pessimistic today as equities dropped in the region forced by raising concerns that economic stimulus will be lifted in the region, and uncertainties regarding the region’s financial stability affected the appeal for the Euroland’s single currency. Shares in the banking sector led the fall of most stock markets in the Eurozone, as specially southern European nations with massive budget deficits like Greece and Spain are affecting the attractiveness for the euro in foreign-exchange … “Euro Slides on Stocks Regional Drop”
Golf, Trading and car accidents? Now that’s a Story
Guest post by Jason Stapleton (ForexGuy) 4xtraderslive Have you ever been driving down the highway and see a car accident? Of course you have. We all have. You know you shouldn’t look. You should just keep driving. But inevitably, almost unconsciously, your foot comes off the gas pedal. You eyes begin to narrow as you … “Golf, Trading and car accidents? Now that’s a Story”
Positioning Data
Tim Mazanec is a CMT with 14 years of experience in Forex and global markets. He develops his forecasts with a combination of technical, fundamental and flow analysis and is a regular contributor on currensee.com. Positioning Data by Tim Mazanec The other day I was asked for my thoughts on Sugar. This came from a … “Positioning Data”
Aussie Set for Rises
After getting many blows, the Aussie finds comfort in rising inflation which paves the path for another rate hike. This report saved AUD/USD from losing an important support line. After the bounce, the road is north. Australian quarterly CPI showed a rise of 0.5% in Q4. This exceeded expectations for a 0.4% rise, although being … “Aussie Set for Rises”
Yen Climbs on Market Sentiment Pessimism
The yen continued to profit from a favorable scenario for refuge currencies as traders are increasingly concerned regarding the economic trends for 2010, as requirements for bank loans are becoming stricter, fact which could slow down the growth pace in most of the world’s wealthiest nations. Risk aversion remained high in the beginning of this Wednesday’s sessions as the International Monetary Fund insisted on statements stressing on the weakness of the current global economic situation, after it announced … “Yen Climbs on Market Sentiment Pessimism”
Canadian Dollar Reaches 2010 Record Low on Risk Aversion
The Canadian dollar continued to decline today reaching the lowest level in five weeks as risk aversion rose globally, fueled by China’s new restrictive loans policy, which is likely to decrease appeal for currencies like the loonie, extreme related to commodities and stocks performance. As China’s announcements regarding new tightening lending conditions for financial institutions started to affect bank loans in the country, risk aversion continued to move the loonie rates down as Canada’s … “Canadian Dollar Reaches 2010 Record Low on Risk Aversion”
Long Term Forecast for GBP/USD
Guest Post by Nick Kanger, Head Currency Analyst at ProAct Traders Forecasting currency movements longer term can be a dangerous (and potentially embarrassing) undertaking. Get the numbers right and you’re a hero and looked upon as a currency trading guru; wrong and you’re punished with “What were you thinking” comments, snipes, derisive statements or worse. … “Long Term Forecast for GBP/USD”
British Growth In Doubt – Pound Falls
Britain’s initial GDP read for the fourth quarter is very weak, and the revised versions can easily erase it. The Pound reacted with a fall against the dollar and the Euro. Here’s a review of this important event and a look forward on the Pound. Britain’s first release of GDP was very weak – only … “British Growth In Doubt – Pound Falls”