Posts Tagged ‘ capital ’

Euro Rebounds But Rally Capped

Risk FX stabilized and staged a mild rally in mid-morning European trade today as equity bourses across the continent rose by more than 2% helping to fuel speculative sentiment. The situation in Korea remained tense with North Korea threatening to sever all ties with the South but kept the only road between the two countries [ READ MORE ]

Euro Rangebound But Pressure Persists

A mild risk rally in Asian session spurred by a 3% gain in the Shanghai index quickly evaporated by the time European dealing began with EUR/USD falling through short term support at 1.2450 by mid morning trade. Risk FX rallied into the Asian close as Chinese stocks rose on speculation that the PBOC [ READ MORE ]

Will China Help to Stabilize the Euro?

Chinese stocks soared more than 3.0% today in their largest gain in more than six months on hopes that the PBOC will begin to change its tightening policy posture in light of the recent volatility in global capital markets. Traders now believe that the turmoil caused by the European sovereign debt crisis will [ READ MORE ]

Chinese Yuan as Reserve Currency

Even before the sovereign debt crisis in Europe damped confidence in the world’s second most important reserve currency, the Chinese Yuan was on the cusp of being accepted as a global reserve currency. We’re all familiar with the arguments attacking the Yuan in this context: its currency is pegged, its capital controls are rigid, and its [ READ MORE ]

Can Euro Hold or is 1.2000 Next?

The euro held its ground despite massive selling pressure as a result of German government ban on short selling of certain financial stocks, bonds and CDS instruments that has created havoc in the capital markets and left the single currency as the principal instrument to express a negative view on the Eurozone economy. The euro [ READ MORE ]

Is The Euro Cheap?

For the first time in 5 trading days, the euro ended the NY trading session higher against the U.S. dollar. No major European data was released this morning but the weakness of the euro has started to stress policymakers. Over the past month, the euro has fallen more than 8 percent or 1100 [ READ MORE ]

Emerging Markets Mull Currency Controls

The rally in emerging markets that I wrote about in April is showing no sign of abating. The MSCI emerging market stocks index is back to its pre-crisis level, while the EMBI+ emerging market bond index has surged to a record high. While no such index (that I know of) exists for emerging market currencies, [ READ MORE ]

Euro At New Lows for the Year – Gunning For 1.3100?

Dollar was broadly stronger in early European trade today as lingering concerns over the Greek rescue package in Europe, fears over the UK financing needs and a slightly more dovish RBA all combined to drive risk lower as the session progressed. Euro hit fresh yearly lows at 1.3130 amidst talk that the massive [ READ MORE ]

China’s Forex Reserves Surge to New Record

There are no words to describe the size of China’s foreign exchange reserves. Massive, Mind-Boggling, and Eye-Popping come to mind, but don’t do the $2.447 Trillion justice. What’s more, this figure represents the end of March; the current total has almost certainly surpassed $2.5 Trillion. Interesting, the rate of reserve accumulation has slowed markedly from 2009. [ READ MORE ]

Preferred Way to Deposit/Withdrawal Forex Trading Funds

One of the important characteristics of the Forex broker is its acceptable methods of deposit/withdrawal. A Forex trader needs to be able to deposit the starting capital comfortably and to withdraw the earned profit with ease. Brokers that offer some fast on-line methods to transfer the funds usually obtain more attention from the average Forex trader. But with big amounts (more than $10,000) both traders and brokers usually prefer good old [ READ MORE ]

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