2012
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The Canadian dollar has weakened to its lowest last seen in January after the European central bank indicated that it is going to reduce its lending to some banks in Greece to reduce its risk. Investors have taken this to mean that Greece might lose its position in euro zone Read More Loonie Drops On [...]
Posted in FX News | Tagged drops, europe, in, loonie, of, on, speculation, turmoil, worsening
Taking a general look at markets before the end of this week, we can see that the bearishness started to lose momentum as traders are speculating now what tools Central Banks might provide to revive the slowing pace of recovery, especially the European Central Bank amid the current political instability Read More Markets Hold Ground, [...]
Posted in FX News | Tagged awaiting, banks, central, ground, hold, markets, move, to
Banks are closed for European nations observing Day of Ascension, a Catholic holiday that commemorates the rise of Jesus into heaven after being crucified. US banks however are open. During the European session, there was certainly a continuing ascension of the safe haven currencies USD and JPY as the market Read More European Nations Observe [...]
Posted in FX News | Tagged and, ascension, day, do, european, jpy, nations, observe, so, the, usd
USD continues to trade mostly firmer against the major currencies as risk sentiment remains negative. European equities are trading in the red after the ECB paused lending to some Greek banks until they recapitalize and US stock futures are marginally lower at time of writing. The dollar index is nearing Read More Dollar Approaching 2012 [...]
Posted in FX News | Tagged 2012, approaching, dollar, highs
There were 370,000 seasonally adjusted initial claims for unemployment insurance in the US in the week ending May 12, unchanged from the previous week’s upwardly revised level (initially reported as 367,000). The four-week moving average of initial claims, which better controls for weekly volatility, declined to 375,000 from 379,750 the Read More US Initial jobless [...]
Posted in FX News | Tagged 12, claims, ending, expected, higher, in, initial, jobless, may, than, the, us, week
The focus shifts once again from the United Kingdom and the quarterly inflation report to the highly indebted Spanish economy, where all markets will pay attention now to the final growth data for more details whether recession will be confirmed in Spain or not, while tracking the performance of the Read More Spanish Growth In [...]
Posted in FX News | Tagged amid, current, economic, focus, growth, in, situation, spanish, the
The euro (EUR) recovered a little yesterday against the dollar edging higher to 1.2758 from 1.2681 as risk sentiment in the market improved slightly. Investors remain worried about Greece?s ability to avoid bankruptcy and stay in the euro ahead of Greece?s second election. Greece put a senior judge Panagiotis Pikramenos Read More Greece Fears Pressure, [...]
Posted in FX News | Tagged boe, cuts, fears, Forecast, greece, growth, pressure
Most Asian stocks advanced on Thursday dragged by the better-than-expected growth in Japan and by ECB’s decision to limit its risk exposure by stopping lending to some Greek banks. The MSCI Asia Pacific Index rose 0.7% at 13:42 in Tokyo. Read More Most Asian Stocks Rise On Japans Growth, Yet Fears Over Europe Persist
Posted in FX News | Tagged asian, europe, fears, growth, japans, most, on, over, persist, rise, stocks, yet
Risk appetite returned marginally in the Asian session as the fear driving Greece headlines tampered off. Given the uncertain overhang in Europe, we suspect the recent recovery in FX markets is more a function of consolidation rather than reversal in expectations. Read More FX Consolidates As Headlines Slow
Posted in FX News | Tagged as, consolidates, fx, headlines, slow
Guest Commentary MarketVisionTV Hourly Elliott Wave Strategy USDJPY Signs of Bullish Price Action
We still suspect the Dollar has ended the larger downside correction from the 84.15 peak. Read More Guest Commentary MarketVisionTV Hourly Elliott Wave Strategy USDJPY Signs of Bullish Price Action
Posted in FX News | Tagged action, bullish, Commentary, elliott, guest, hourly, marketvisiontv, of, price, signs, strategy, usdjpy, wave | Leave a response