The Brazilian currency was affected by a new wave of risk aversion after U.S. President Barack Obama proposed new regulations for financial instituitions in the country, raising concerns among traders that avoided emerging markets this Thursday. Emerging market currencies like the real ranked among the worst performers today after a White House statement indicating that banks in the U.S. are likely to follow a tighter police regarding its financial … “Brazilian Real Trades at Record Low on Obama’s Speech”
Author: admin_mm
Yen Best Performer on Trading Restrictions
The yen outperformed most of the 16 main traded currencies after the U.S. President affirmed that financial institutions must have their operations regulated in order to avoid speculations, raising risk aversion in all trading markets in the world. Risk aversion rose further as the U.S. is likely to follow China’s measures to tighten loan conditions preventing a new credit bubble, decreasing risk appetite in currency markets and allowing the Japanese yen to rally … “Yen Best Performer on Trading Restrictions”
U.K.’s Budget Deficit Halts Pound Rally
The pound dropped yesterday and today ending a winning streak of more than a week versus several currencies as the country’s budget deficit increased to an all time record high, showing that despite positive data, the British economy is still far from healthy. After several days gaining versus the dollar and the yen, the pound started to fall this Wednesday and continued today after its budget deficit widened to the highest rate since … “U.K.’s Budget Deficit Halts Pound Rally”
The Case for the USD Having Made its Bottom
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. The Case for the USD Having Made its Bottom by John Forman 1-20-10 For the last year or more the dollar has garnered a considerable amount … “The Case for the USD Having Made its Bottom”
New Zealand Dollar Rebounds on Retail Sales
After losing significantly during most of this Wednesday’s session as risk aversion prevailed globally, the kiwi rebounded in currency markets as retail sales advanced in the country reviving the confidence regarding the Southern Pacific economy. The New Zealand dollar had its worse decline in two months this Wednesday as consumer prices showed negative figures, but a retail sales report published in this Thursday early morning in the country revived confidence in the currency … “New Zealand Dollar Rebounds on Retail Sales”
Brazilian Real Drops Further on Risk Aversion
The Brazilian real touched the weakest level in a month as risk aversion remained predominant in today’s trading session globally, since equities and commodities markets continued to follow a bearish trajectory in most of the key-economic regions around the world. Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally. Commodities, responsible for a good share of Brazil’s international trade continued to tumble … “Brazilian Real Drops Further on Risk Aversion”
Breakouts and China – Midweek Interview on Forex TV
In a midweek review on Forex TV, I spoke with Julie Sinha about the breakouts that happened, upcoming events with a focus on Chinese GDP and other market matters, such as the strong moves of EUR/GBP. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 … “Breakouts and China – Midweek Interview on Forex TV”
Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion
The Canadian dollar ranked among the worst performers in currency markets today as risk aversion influenced commodities and equities trading, which are strongly related to the loonie’s rates as weak economic data in the country also influenced the confidence towards Canada’s currency. Speculations that interest rates hikes would happen anytime soon in Canada faded further away as consumer prices retreated according to a report published today, which forced the loonie down … “Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion”
Dollar Benifits From Chinese Lending Requirements
The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in foreign-exchange markets affecting high-yielding currencies the most, as investors search for safer bets. The U.S. currency continue yesterday’s advance as risk aversion coming from Asia is still playing a major role in market sentiment this week, and the safety provided by assets in the country became one of the best options for these … “Dollar Benifits From Chinese Lending Requirements”
USDJPY Technical Long Term Outlook
Guest Post by Nick Kanger, Head Currency Analyst at ProAct Traders There was “talk” earlier this week that the Yen would fall to 90.00 before making any appreciable recovery. And while price did fall to 90.31, this level of support came up short of 90.00, and should be consider as a price undershoot and a … “USDJPY Technical Long Term Outlook”