Stalled talks in Europe and ongoing concerns regarding the deepening crisis have fueled risk aversion flows into the close of the month with the dollar advancing against all its major counterparts save the yen. Here are the key levels to watch. Read More Classic Haven Flows Fuel Dollar Rally Yentervention Concerns Rise
Posted in FX News | Tagged classic, concerns, dollar, flows, fuel, haven, rally, rise, yentervention
Meanwhile, the euro was lower against the dollar and the yen, with EUR/USD falling 0.49% to hit 1.2729 and EUR/JPY falling 0.62% to hit 98.01. On Sunday, the Royal Institution of Chartered Surveyors will report the latest changes in UK housing prices, … 37 Vote(s) Read More EUR GBP falls as pound acts as safe [...]
Posted in FX News | Tagged acts, as, eurgbp, falls, haven, pound, safe
Japanese yen is rising today as Q3 GDP results indicate that Japan is recovering from the March 2011 earthquake and tsunami. Also boosting the yen today is safe haven demand as, once again, European stability is called into question. (…)Read the rest of Japanese Yen Rises on Safe Haven Demand (153 words) Posted on Forex News. Read More Japanese [...]
Posted in FX News | Tagged demand, haven, japanese, on, rises, safe, yen
US dollar is rising today against major currencies as a safe haven. Concerns about what’s next for the global economy are causing Forex traders to look for safety — and the US dollar is the best choice. (…)Read the rest of US Dollar Rises on Safe Haven Demand (144 words) Posted on Forex News. Read More US Dollar Rises on Safe Haven Demand
Posted in FX News | Tagged demand, dollar, haven, on, rises, safe, us
With today’s sharp decline in global equity markets, the AUD/JPY pair presents opportunities to scalp risk aversion flows as traders jettison the high-yielding aussie for lower-yielding haven currencies like the yen. Read More AUD JPY Descending Wedge Scalp Haven Flow Trade
Posted in FX News | Tagged audjpy, descending, flow, haven, scalp, trade, wedge
The greenback ended the session in the black as classic haven flows saw investors shun risk for the safety of the Swiss franc, the yen, and the dollar. The Dow Jones FXCM dollar index was 0.26% higher at the close of trade in New York. Read More Classic Haven Flows Boost Dollar
Posted in FX News | Tagged boost, classic, dollar, flows, haven
Events in Europe are dominating investors risk appetite at the moment, even superseding news that the US’s credit rating outlook was downgraded to negative yesterday by Standard and Poor’s. Risk appetite is likely to be tested again when Greece offers EUR1.25bn in 13-week bonds at an auction today. That is Read More In Focus Euro [...]
Posted in FX News | Tagged a, acting, and, as, euro, focus, haven, in, is, safe, spain, the, uk
The dollar benefit from the safe haven trade depends on the severity of the fear in the market. At heart the safe haven play is a capital preservation trade. Current fear in the currency market is muted, in the background but not yet manifest, even after Thursday’s run down in Read More The Dollar, Safe [...]
Posted in FX News | Tagged and, dollar, events, haven, safe, the, world
From looking at the recent dynamics of the Swiss franc in the foreign exchange market it can be undoubtedly said that the currency is now treated as a safe haven by the traders. It reached its new historical maximum against the euro today.(…)Read the rest of Franc at New Record vs. Euro, Counts as Safe Haven (100 words) Posted on Forex News. Read More Franc at New [...]
Posted in FX News | Tagged as, at, counts, euro, franc, haven, new, record, safe, vs
The Japanese yen rose today against most other major currencies on the speculation that the slowdown of the global economic growth will increase demand for the Japanese currency as the safe haven.(…)Read the rest of Yen Rises with Increasing Demand for Safe Haven (71 words) Posted on Forex News. Read More Yen Rises with Increasing Demand for Safe Haven
Posted in FX News | Tagged demand, for, haven, increasing, rises, safe, with, yen
