The Japanese yen rose by the most in February against the U.S. dollar and posted the considerable gains versus the euro and the pound as the investors and traders became less confident in the U.S. stimulus plans and were reluctant to buying anything else than the yen or the greenback. The recent uprise of the yen-based currency pairs was connected to the global … “Yen Rises on Risk Appetite Decline”
Author: admin_mm
Forex Behavior Back to Normal
This week has been quite strange in forex trading. The risk factor played a major role in trading. But at least the behavior following the NFP release was normal. On Tuesday, Pending Home Sales in the US were quite high, much better than expected. Instead of being unchanged, the figure rose by 6.3%. Such a … “Forex Behavior Back to Normal”
Will Non Farm Payrolls Surprise?
Non Farm Payrolls may surprise today. Since expectations are low, at -530,000, a better than expected figure is quite possible. Forex traders and economists expect a total fall of 1.5 million jobs in 3 months. Such a figure will be terrible news, yet again, for Americans. There are job cut announces everywhere. But did they … “Will Non Farm Payrolls Surprise?”
AUD Grows on Possible Rate Bottom
The Australian dollar is currently heading for a first weekly gain against the U.S. dollar this year as the traders believe that the bottom in the interest rates is near and the countrys economy will begin recovering soon with the help of the governments stimuli. The Aussie grew for a third day in a week after the Reserve Bank of Australia signaled that the fiscal measures combined … “AUD Grows on Possible Rate Bottom”
New Zealand Dollar Corrects vs. All Majors
The New Zealand dollar went up against all other major currencies today as the countrys jobless report wasnt as bad as some traders expected and the kiwi needed to correct after some of its greatest losses. The report regarding the unemployment rate in the fourth quarter in New Zealand was released late yesterday at 21:45 GMT. It showed that the unemployment rate climbed to 4.6 percent from 4.2 percent, while some … “New Zealand Dollar Corrects vs. All Majors”
Indian Rupee Gains on Global Optimism
The Indian rupee rose at the fastest pace in a week today as the revival of the global stock markets restored the optimism of the traders that the foreign investors will return to Indian, buying the local assets with the local currency. The involvement of the foreign investors into the Indian stock exchange during the last trading session exceeded the presence detected during … “Indian Rupee Gains on Global Optimism”
Australian Dollar Grows after Rate Cut
The Australian dollar gained today against the other currencies on the Forex market after the countrys central bank cut the interest rate to the lowest level in decades and the government announced a stimulus package for the economy. The Reserve Bank of Australia decreased the policy interest rate from 4.25 percent to 3.25 percent today — the lowest level since 1964. In addition, the government announced … “Australian Dollar Grows after Rate Cut”
Euro Falls as Traders Lean to Safety
The euro declined today against the Japanese yen as the traders sold the risky assets and moved to the «safe cash» after the Asian stock markets tumbled today; investors also expect that the inflation report in Eurozone will add more space for ECB to cut the interest rate. Against the U.S. dollar the European currency showed a significant decline during … “Euro Falls as Traders Lean to Safety”
NZD/USD goes lower on Labor Cost Index
In the wake of Forex trading in February, the Labor Cost Index was published in New Zealand, and it wasn’t good. The index did rise, but only at 0.7%, lower than a rise of 0.9% that was expected. In initial forex tradin this week, the kiwi lost ground to 0.5075 and extended its falls from last … “NZD/USD goes lower on Labor Cost Index”
Korean Won Leads Asian Currencies Decline
The South Korean won was the worst-performing currency among the Asian ones this month as the investors moved out of the countrys assets and the exports to the developed economies fell sharply. The drop of the Korean won against the U.S. dollar is already at 8.7 percent this year — thats the worst January performance for this currency. The Asian shares tumble as the demand and … “Korean Won Leads Asian Currencies Decline”