The Israeli currency had the sharpest fall in 4 months today as the government is likely to increase a dollar purchasing program to stimulate the national currency. The Government of Israel started a program last year when the global slump had its worst moment to increase national exports competitiveness, buying U.S. dollar as an attempt to weaken the national currency. Today, the Israeli sheqel was amongst the worse performing world currencies losing more than 2 … “Israel’s Sheqel Falls on Dollar Purchase Speculations”
Author: admin_mm
Will the Pound Rebound to Pre-Crisis Levels?
The pound posted today a positive performance versus the U.S. dollar bringing the British currency to the highest levels in more than 9 months, leaving speculations of an eventual rebound for the Great Britain currency. A British construction index indicated today the slowest contraction in the sector in a 16 months period, which helped the pound to gain versus the greenback, reaching the highest level in 9 months, and versus the euro, topping at the strong rate in 30 days. The pound was … “Will the Pound Rebound to Pre-Crisis Levels?”
Yen Rebounds on Stocks Correction Movement
After gaining sharply for three days in a row, today stocks declined around the world, fueling demand and opening a profit opportunity with the currently weakened Japanese currency, which is witnessing its first significant climb in a week. Today, Bayerische Motoren Werke AG, commonly known to the public as the BMW vehicle manufacturer, posted a 76 percent decline in its profits, causing European stock markets to open in the negative, consequently attracting stock … “Yen Rebounds on Stocks Correction Movement”
Canadian Dollar Climbs Fueled By Stocks Rally
The Canadian dollar reached a 10-month high versus its U.S. counterpart as corporate earnings, mainly in North America, but also in Asia and Europe, posted better-than-expected numbers, pushing investors to the already attractive Canadian currency. The crude oil price rally during the past weeks has been favoring the Canadian dollar massively, since one of the main national exports to the U.S. is the oil, which experiences an increase on its price as demand for energy … “Canadian Dollar Climbs Fueled By Stocks Rally”
Pound Hits 9-Month High on HSBC Earnings
The British currency had one of the best performances this year today as the U.K. financial sector showed evidences of recovery as corporate earnings improved. HSBC Holdings Plc posted a significant net profit today annulling analysts forecasts that indicated a loss for this year’s first semester, making the pound to climb massively not only versus a weakened U.S. dollar, but also against the European common currency, reaching a one-month high … “Pound Hits 9-Month High on HSBC Earnings”
Where Will Brazil’s Real Rally Go?
The Brazilian real posted another day of heavy gains versus the U.S. dollar indicating that the South American currency is one of the most preferred among risk thirsty traders. The Brazilian currency reached an eleven-month high against the U.S. dollar as manufacturing in China, Brazil’s most relevant commercial partner, had the highest rise in a year, spurring demand for the real and improving attractiveness in South American stock exchange markets. The real climbed more … “Where Will Brazil’s Real Rally Go?”
Euro Climbs on U.S. Data Speculations
The euro has been trading near a two-month high versus the dollar during most of the past week, and may climb to higher levels today on a U.S. manufacturing report that is likely to show the highest production in a twelve-month period, raising risk appetite among investors and affecting the greenback negatively. The dollar is losing constantly versus the Eurozone currency since the global economy has been posting more solid signs of recovery, three … “Euro Climbs on U.S. Data Speculations”
Manufacturing Report Keeps U.S. Dollar Under Pressure
The U.S. dollar started another week with optimism weighing negatively on its outlook, as a report is likely to indicate the highest manufacturing level in the United States in almost a year, attracting investors to higher-yielding currencies. The U.S. dollar is posting losses versus its Canadian and Australian counterparts today after former Federal Reserve Governor Alan Greenspan said that the worst recession in decades is likely to be ending, decreasing attractiveness … “Manufacturing Report Keeps U.S. Dollar Under Pressure”
New NFA Regulations – Dos and Don’ts
The new NFA regulations have arrived. For those of you who are trading with American brokers, here’s a basic list of things you should do, and more importantly, a short list of things you shouldn’t do. The last hedge free forex trading week is over. When trading will resume on Monday, August 3rd, the new … “New NFA Regulations – Dos and Don’ts”
Canadian Dollar Ends Third Week Gaining Versus Greenback
The loonie is having a rocketing performance versus its U.S. counterpart even after a negative economic report in Canada indicated a higher-than-expected shrinking rate for the nation’s economy, reaffirming the high current risk appetite among traders. The Canadian dollar reached a 10-month high versus the greenback last Friday as traders are heavily driven by risk appetite, betting in commodities and stocks, consequently affecting positively Canada’s currency, which is strongly … “Canadian Dollar Ends Third Week Gaining Versus Greenback”