US dollar is mixed in forex trading today as many currencies trade rangebound as the Forex market — and other markets — look for direction. Economic data is mixed today, and that is likely contributing to the confusion with currencies. (…)Read the rest of US Dollar Mixed in Forex Trading (147 words) Posted on Forex News. Read More US Dollar Mixed in Forex Trading
Posted in FX News | Tagged dollar, forex, in, mixed, trading, us |
Japanese leaders recently intervened in the Forex market in order to weaken the yen, which has been strengthening lately. However, efforts to keep the yen lower have been running into trouble as China increases its investment in Japanese notes and bonds. (…)Read the rest of Japanese Yen in Demand from China (157 words) Posted on Forex News. Read More Japanese Yen in Demand from China
Posted in FX News | Tagged china, demand, from, in, japanese, yen |
The number of employed persons in Canada unexpectedly declined last month and the unemployment rate increased more than was anticipated, leading to the slump of the Canadian dollar.(…)Read the rest of Canadian Employment Shrinks, CAD Slumps (133 words) Posted on Forex News. Read More Canadian Employment Shrinks, CAD Slumps
Posted in FX News | Tagged cad, canadian, employment, shrinks, slumps |
The Swiss franc dropped after Switzerland’s central bank reported that the nation’s foreign currency reserves decline last month.(…)Read the rest of Swiss Franc Lower as Foreign Currency Reserves Decline (96 words) Posted on Forex News. Read More Swiss Franc Lower as Foreign Currency Reserves Decline
Posted in FX News | Tagged as, currency, decline, foreign, franc, lower, reserves, swiss |
The Australian dollar ended this week with losses against some majors, including the US currency and the euro, as the negative fundamentals caused Australia’s central bank to cut its main interest rate.(…)Read the rest of Aussie Posts Weekly Loss as RBA Cut Interest Rates (277 words) Posted on Forex News. Read More Aussie Posts Weekly Loss as RBA Cut Interest Rates
Posted in FX News | Tagged as, aussie, cut, interest, loss, posts, rates, rba, weekly |
The week draws to a close with a vote of confidence pending in the Greek parliament around 6 pm EDT/midnight Athens time. In the worst case scenario, if the vote fails, the ruling PASOK party would be forced to engage the opposition New Democrat Party in negotiations to form a Read More NeverEnding Greek Drama
Posted in FX News | Tagged drama, greek, neverending |
The FX markets closed the trading week out with significant volatility thanks to event risk in the Greece Confidence Vote, US NFPs and Canadian employment data. Read More Euro Will React to Greek Vote but Traders Looking to Larger Risks
Posted in FX News | Tagged but, euro, greek, larger, looking, react, risks, to, traders, vote, will |
The Euro tumbled sharply against the safe-haven US Dollar amidst a clear deterioration in domestic fiscal issues, underlined by the widest spreads between Italian and German bonds since the Euro Era and fresh troubles in Greece. Read More Euro Survives Greek Confidence Vote dan150 Whatdan146s Next
Posted in FX News | Tagged 150, confidence, euro, greek, next, survives, vote, what146s |
It wasn’t just the dollar that opened this past week backed by a strong fundamental wind. Global investors sentiment was severely shaken by the suggestion that Greece’s Prime Minister was pushing through a vote on the EU’s austerity plan, which could have essentially been read as a vote on the countries membership in the EU. [...]
Posted in FX News | Tagged but, dollar, euro, increasingly, intrinsic, risk, sensitive, to, troubles, us |
Mario Draghi surprised by delivering a 0.25% interest rate cut at his very first meeting as ECB president. We expect the ECB to deliver another 0.25% interest rate cut and bring the refinancing rate back down to a record low 1.0% in December. This week’s high market volatility was driven partly Read More Weekly Focus [...]
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