Posts Tagged ‘ currencies ’
Carry trade is a popular trading strategy that is based on buying a high-yielding asset with the low-yielding asset, so that the cost of loan is less than the yield of the asset you’ve bought. In Forex, carry trade is based on buying a currency pair with a high positive interest rate difference (swap) or selling a currency pair with a high negative interest rate difference. The good current examples of the long carry [ READ MORE ]
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 bit of profit taking in risk FX in both Asian and early European trade today after a sharp short covering rally pushed all the high beta currencies higher against the greenback yesterday. The sell off was most predominant in Asian trade as Shanghai stocks slipped more than -2% on fears of further tightening of [ READ MORE ]
The U.S. dollar traded higher against all of the major currencies ahead of Friday’s non-farm payrolls report. The strength of the dollar reflects the market’s relief that any increase in job losses in February will be reversed in March. There has been a lot of chatter about how the two snowstorms in the [ READ MORE ]
Thanks to the better than expected U.S. non-farm payrolls report, the sun is shining brightly on the financial markets. Equities rose to their highest levels in more than a month while the dollar saw its strongest performance against the Japanese Yen since early December. The improvement in risk appetite helped to drive currency traders [ READ MORE ]
Stronger U.S. economic data and optimistic comments from Fed districts failed to lift equities and currencies. The most notable price action in the forex markets today was the rally in the euro and British pound. Both currencies had become extremely oversold in recent weeks and traders are squaring positions ahead of the monetary [ READ MORE ]
Risk aversion has taken hold of the financial markets today with currencies and equities sliding across the board. The U.S. dollar strengthened against every major currency except for the Japanese Yen which confirms that flight to quality has driven investors into the safety of U.S. dollars. The biggest losers were the commodity currencies [ READ MORE ]
It has been another interesting trading day in the financial markets with equities and currencies staging a sharp end of day reversal. The EUR/USD traded within a hair of its 9 month low on an intraday basis a few times before moving into positive territory. Economic data in the U.S. was very weak [ READ MORE ]
As the world changes, so do the correlations between different currencies and different instruments. It is a quiet morning in the forex markets with no U.S. or European data on the calendar. [ READ MORE ]
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