The yen continued to lose today versus most of the 16 main traded currencies as equities and commodities markets rebounded worldwide yesterday, as the global economic recovery is pushing investors to riskier assets.(…)Read the rest of Yen Further Down on Equities Optimism, Unemployment (164 words) Posted on Forex News. Read More Yen Further Down on Equities Optimism, Unemployment
Posted in FX News | Tagged down, equities, further, on, optimism, unemployment, yen |
The Russian currency had the first gains after three days of losses versus the greenback as the crude oil rates climbed on speculations that demand will rise, suggesting that the one of the main global oil producers will export more of its commodities.(…)Read the rest of Russian Ruble Advances on Oil, Equities (145 words) Posted on Forex News. Read More Russian Ruble Advances on Oil, Equities
Posted in FX News | Tagged advances, equities, oil, on, ruble, russian |
The dollar gained versus the euro and the pound in the very end of this week’s session as a bearish movement in stock markets increased attractiveness for the relative safety of the U.S. currency.(…)Read the rest of Dollar Pare Losses on Renewed Attractiveness (65 words) Posted on Forex News. Read More Dollar Pare Losses on Renewed Attractiveness
Posted in FX News | Tagged attractiveness, dollar, losses, on, pare, renewed |
The Polish currency extended last week’s gain this week as the Eastern European nation is showing one of the quickest recoveries in the region, increasing attractiveness for the zloty regionally.(…)Read the rest of Poland’s Economic Outlook Provide Support for Zloty (75 words) Posted on Forex News. Read More Polands Economic Outlook Provide Support for Zloty
Posted in FX News | Tagged economic, for, outlook, polands, provide, support, zloty |
In the end of this week’s session the Canadian dollar pared its previous gains as risk aversion rose this Friday, affecting U.S. stocks performance and also the crude oil, the main Canadian commodity exported to the United States, influencing the loonie’s outlook.(…)Read the rest of Canadian Dollar Pare Gains on Risk Aversion (170 words) Posted on Forex News. Read More Canadian Dollar Pare Gains on Risk [...]
Posted in FX News | Tagged aversion, canadian, dollar, gains, on, pare, risk |
The pair rose significantly since Wednesday’s low as risk appetite strengthen on positive economic reports. The preliminary reading of the U.S. GDP showed a moderate contraction (-1.0%), better than the projected estimates of -1.4%. In the UK, the second quarter GDP reading was upwardly revised to -0.7% from -0.8% previously reported. In addition, earnings from [...]
Posted in FX News | Tagged 08338, at, audusd, buy, limit |
The Cable has finally found bottom on our 2nd tier uptrend line, logging encouraging movements to the topside as the EUR/GBP pulls back. Despite mixed economic data, investors are choosing to run with the better than expected GDP data from both Britain and the U.S. As we anticipated, the flush of British data is appeasing [...]
Posted in FX News | Tagged 2nd, and, bottom, gbpusd, on, our, surges, tier, touches |
The USD/JPY is weakening despite disappointing Japanese data combined with positively mixed U.S. numbers. This combination of economic data would normally be a positive catalyst for the USD/JPY due to the outperformance of the U.S. economy vs. the Japanese economy. Furthermore, the added signs that the global economic recovery is spreading would usually lead investors [...]
Posted in FX News | Tagged as, control, declines, dpj, looks, take, to, usdjpy |
The EUR/USD has popped above our key 4th tier downtrend line after the combination of better than expected U.S. and British GDP data with an encouraging EU Services Confidence number has motivated bulls to re-enter the risk pool. The S&P futures are knocking at the door of their previous 2009 highs while the 30 Year [...]
Posted in FX News | Tagged 4th, above, climbs, downtrend, eurusd, line, our, tier |
