The Swiss franc went down today as China’s trade surplus was above $20 billion for the third consecutive month, easing the concerns that the global recovery losing momentum and reducing the demand for the safer assets.(…)Read the rest of Franc Falls as China’s Trade Surplus Reduces Demand for Safety (63 words) Posted on Forex News. Read More Franc Falls as Chinas Trade Surplus Reduces Demand [...]
Posted in FX News | Tagged as, chinas, demand, falls, for, franc, reduces, safety, surplus, trade |
The New Zealand dollar rose today versus its US counterpart for the third straight day as the reports showed that the unemployment claims in the US dropped more than expected and as China’s exports grew, bolstering the risk appetite.(…)Read the rest of NZD/USD Rises for Third Day as Risk Appetite Strengthens (75 words) Posted on Forex News. Read More NZD USD Rises for Third Day as [...]
Posted in FX News | Tagged appetite, as, day, for, nzdusd, rises, risk, strengthens, third |
The Canadian dollar weakened today versus its US counterpart and halted the five-day rally against the euro after Mark Carney, the Governor of the Bank of Canada, said that the policy maker would be “careful” in considering whether to raise the interest further and their decision will be influenced by the outlook for the US economic growth. Currently the currency is slowly regaining its strength.(…)Read the rest of Loonie Slips as Probability of [...]
Posted in FX News | Tagged as, hike, looks, loonie, low, of, probability, rates, slips |
Safe haven trades were slightly stronger this morning despite some encouraging US data and an okay Irish debt auction. However, due to the low liquidity in Asia and Middle East, plus the summer holiday atmosphere still infecting most of the G10 nations, market moves should be taken with a Read More FX Consolidates But Market [...]
Posted in FX News | Tagged but, consolidates, favors, fx, market, still, usd |
Producer Price index in UK failed to meet market estimates and rose at the slowest pace in half a year, signaling that inflation pressures might be easing in the country, despite the fact that inflation continue to hover above the government’s upper limit of 3.0 percent. Read More UK Producer Prices Fails To Meet Estimates [...]
Posted in FX News | Tagged a, and, at, estimates, fails, meet, pace, prices, producer, rise, slower, to, uk |
Data overnight from China and general risk sentiment seem to be highly divergent. We still seem well bid on the risk front as attested by the S&P looking for the 1115 level still and trading above the 1090 level. While crosses like the EURUSD and the Cable remain listless, my Read More Divergent Risk Sentiment
Posted in FX News | Tagged divergent, risk, sentiment |
Canada’s economy got back into job creation mode in August with employment rising by 35,800. This result was largely in line with the consensus forecast for a 30,000 job gain. The unemployment rate, which rose in July to 8.0%, increased again in August to stand at 8.1% because the 53,500 Read More Canadian August Employment [...]
Posted in FX News | Tagged august, canadian, employment, expectations, gain, met, rate, rose, unemployment, unexpectedly |
There were high hopes that the return of speculative liquidity this week (after the extended US holiday and the general return from summer vacation) would encourage a meaningful trend development. Yet, nothing has developed; and lethargy is setting back in. Read More A Lack of Fundamental Drive Resolves Oil to Congestion, Breaks Gold Trend
Posted in FX News | Tagged a, breaks, congestion, drive, fundamental, gold, lack, of, oil, resolves, to, trend |
Technically, the US dollar would put in for a positive close through Thursday’s active session. However, an astute trader would appreciate the fact that the single currency is actually still mired in its month-long congestion pattern. It is easy to become caught up in the day-to-day changes from particular currency pairs; and the headlines of [...]
Posted in FX News | Tagged approaches, as, deep, dollar, evaporates, event, in, its, itself, monthlong, range, retrenches, risk, scheduled, weekend |
For those familiar with seasonal trends in the financial markets, this past week carried a significantly probability for not only volatility but also trend generation. The second trading week of September marks the return of US-based liquidity after an extended holiday weekend; and it is also considered the end to the summer doldrums. Read More [...]
Posted in FX News | Tagged 500, a, breakout, doesnt, eurusd, for, forge, liquidity, meaningful, of, or, return, sp, speculative, the |
