Cautious optimism has returned to?the?markets today, bringing risk appetite and?sending the?US dollar lower against other major currencies. Corporate earnings are encouraging once again, and?most of?the?European Union countries signed on?to?a?treaty requiring tougher fiscal rules. The?result is that many investors and?Forex traders are feeling more optimistic about what’s next for?the?global economy, and?that means the?US dollar isn’t needed [...]
Risk appetite is making an appearance as investors show optimism through higher stocks. As a result, the US dollar is mostly lower against other majors today. Greenback is lower against the euro, pound and yen today. (…)Read the rest of US Dollar Mostly Lower as Risk Appetite Makes an Appearance (146 words) Posted on Forex News. Read More US Dollar Mostly Lower [...]
After a strong start to the London session risk appetite has ebbed away this afternoon. The chief cause has been a renewal of concerns about the European sovereign debt crisis. Although Germany and Portugal managed to hold strong debt auctions today, the markets focus was on Spain and the news Read More Risk Appetite Slips [...]
Markets opened with a sputter Monday with only mainland Europe open for business. Those equity markets that were open rallied between 2-3% but the EUR still remained soft in thin trading with EURJPY pushing strongly through the 100 mark to hit a new all-time low just below 99.50. Other risk Read More Better Asian PMIs [...]
Confidence will be a vital commodity during the forthcoming holiday season. Equity markets will want a year-end rally which would also underpin risk appetite, but this will be dependent on having at least something positive to keep sellers at bay. The Chinese and European PMI data due on Thursday will Read More Risk Appetite Dependent [...]
Risk appetite remained restrained following comments by German Chancellor Merkel that a joint euro bond was the ‘wrong solution’. Merkel then went on to say that the ECB ‘can choose its own means of currency stability’. ECB President Draghi defended the ECBs independence, but suggested that some degree of flexibility Read More Talk Of A [...]
US dollar is heading lower on the Forex market today as risk appetite returns. Last week was all about eurozone weakness and sovereign debt struggles. This week is all about holiday shopping. (…)Read the rest of US Dollar Falls Back as Risk Appetite Returns on Holiday Shopping (153 words) Posted on Forex News. Read More US Dollar Falls Back [...]
The Japanese yen, after heading higher yesterday on risk aversion, is pulling back against major counterparts as a bit of risk appetite shows in Forex trading. (…)Read the rest of Japanese Yen Lower as Risk Appetite Makes an Appearance (165 words) Posted on Forex News. Read More Japanese Yen Lower as Risk Appetite Makes an Appearance
Once again, optimism is growing amongst Forex traders that a deal will be reached to contain sovereign debt in Europe. Even as Spain is downgraded, risk appetite is improving on the outlook for a plan to stop the spread of sovereign debt contagion. (…)Read the rest of US Dollar Pulls Back on Improved Risk Appetite (140 words) Posted on Forex News. Read More US Dollar Pulls [...]
USD rebounding after yesterday’s sell-off. The Dollar Index looks to have found support around the daily Kijun line. USD is stronger against all of the G10 today except the JPY as markets scale back risk appetite ahead of today’s Slovakia vote. Sentiment was further weighed as Trichet warned that the Read More Markets Scale Back [...]
Forex Boy