Posts Tagged ‘ Asia ’
The fragmented price action in the forex markets reflect the sharp disparity between what is happening in the North America and Asia with that of Europe. The dollar traded lower against all of the major currencies except for the euro and British pound. Growing concerns about fiscal deficits has scared investors from putting [ READ MORE ]
A probative night of trade in the currency market during the first session of the week as risk FX tested key levels in late Asia on the weaker than expected Chinese PMI data only to recover some ground after EZ results beat forecasts. Chinese PMI Manufacturing which printed at 52.2 versus 55.4 the moth prior [ READ MORE ]
A turbulent night of trade in the currency market with Asia taking EUR/USD down to a new yearly low of 1.3441 in the aftermath of yesterday’s surprising Fed funds rate hike on the close of North American session. However, by mid morning European trade the pair stabilized and climbed its way back to 1.3500 [ READ MORE ]
Risk currencies continued their recovery rally in Asia and early European trade but ran into wall of selling after UK unemployment data shocked to the downside indicating that economic growth in Great Britain remains extremely weak. UK claimant count rose to 23.5K rather than contracting by -14.6K as markets forecast. The unemployment [ READ MORE ]
Based upon the price action in the currency market this past week, traders may be wondering whether currencies are once again trading on relative growth. The unresolved problems in Greece and weaker growth in the Eurozone continue to weigh on the euro, causing the currency to slip for the third consecutive day to a [ READ MORE ]
A mixed night of trade in FX with the Greek issue continuing to dominate the flows in EUR/USD, but risk appetite increasing considerably in Asia Pacific as Australian and Chinese data show a return to torrid growth in the region. Australian employment data blew out market estimates printing at 52.7K vs. 15.1K expected as the [ READ MORE ]
FOREX is a virtual network of change agents connected by means of telecommunications. FOREX currency traders are connected to major global financial centers, and around the clock workers. Forex is a true 24 hour market, open from 5:00 pm ET on Sunday at 5:00 pm on Friday. With three different bargaining sessions in the U.S., [ READ MORE ]
A quiet night of trade in the FX market ahead of the BoE and ECB meeting, but risk is trading heavy as concerns over the EZ fiscal deficit problems linger while economic data out Asia Pacific suggests an unexpected slowdown in comm. dollar economies. Perhaps the biggest shock of the night came from New [ READ MORE ]
Better risk flows from Asia, growing political consensus on the Greek crisis and slight upward revision in final EZ PMI readings helped to lift the EUR/USD above the 1.4000 level in early morning European trade. Asian bourses provided an early lift to the recovery trade as the Shanghai rose by more than 2% inching [ READ MORE ]
Risk FX made a round turn in early European trade after selling pressures in Asia sent EUR/USD to a fresh six month low. EUR/USD tumbled to 1.3912 in morning Tokyo dealing after Nikkei dropped more than -2% on weakness in the exporter sector, but the pair staged a recovery in Europe after EU Monetary Affairs [ READ MORE ]
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