Posts Tagged ‘ day ’

USD: Tracking Yields

It was comeback day for the greenback, which rose strongly against the Japanese Yen, Swiss Franc and Canadian dollar. Even though the euro, Australian and New Zealand dollars ended the day unchanged against the buck, an intraday U.S. dollar rally forced higher yielding currencies to give up nearly all of their earlier gains. [ READ MORE ]

Forex Risk Appetite Boosted by New Home Sales

With the European Stress Tests behind us, it is time to enjoy the one day break from the heat [ READ MORE ]

Cable Hits 5 Month High as Risk Rally Rolls On

Risk trade continued to be supported in Asian and early European trade today with both euro and pound making fresh highs, but Aussie was felled by softer inflation data and tumbled below .9000 as expectations of additional RBA rate hikes during the summer evaporated. The euro rose to a high of 1.3043, boosted by better [ READ MORE ]

Euro and Pound Rally as Eco Data Supports

Risk flows reversed in early European trade after better than expected PMI data out of Europe and stronger retail sales from UK lifted both euro and pound to their highest values of the day. The EUR/USD recaptured the 1.2800 figure after EZ PMI readings for both manufacturing and services increased in July with German data [ READ MORE ]

Reflecting on the Chinese Yuan Revaluation

Today marks the one-month anniversary of China’s decision to remove the Yuan’s peg to the Dollar, and allow it to float. Now that the news has had a chance to wend its way through the financial markets, I think it’s time both to reflect and to forecast. Over the last month, the Chinese RMB has appreciated [ READ MORE ]

Euro Targets 1.3000

Yen approached its 2010 highs breaking below the 87.00 handle in Asian trade as Nikkei sunk by nearly 3% on the final trading day of the week while EUR/USD took out the 1.2950 level with longs targeting the psychologically key 1.3000 figure as US growth concerns weighed on the dollar. The dollar was weaker across [ READ MORE ]

EUR/USD Extends Rally with Slowdown of U.S. Economic Growth

EUR/USD advanced for the third day on today’s Forex session after Spain auctioned its debt, easing concern for the nation’s fiscal system and for Eurozone economy, while news from the U.S. remain bad. True that the U.S. economy continues to expand, but with the constantly slowing pace how long can it… [ READ MORE ]

Political Uncertainty Weighs on the Yen

They yen fell on the first trading day of the week in the wake much larger than expected loss by the ruling Democratic Party of Japan in elections for the country’s Upper House of Parliament. The DPJ was able to claim just 44 seats out of 121 contested a mere 40% share of the total. [ READ MORE ]

USD: Fundamentals Or Risk

It has been a very quiet day in the currency and equity markets with the dollar trading slightly higher against most of the major currencies. Although trading tends to wind down during the summer, the lack of volatility in the financial markets cannot be completely attributed to the summer doldrums. It is a [ READ MORE ]

EUR/USD Rallies as U.S. Economy Might Trail Global Growth

EUR/USD currency pair extended its rally today for a third straight day as forecasts promise faster global economic growth, while the U.S. growth shows signs of slowdown. While the report about the jobless claims were a pleasant surprise, the non-manufacturing sector and the data about consumer credit showed a much worse numbers… [ READ MORE ]

Get members only access to exclusive insider views and updates of the best Forex Robots at work! It's free to join.
ForexRbot Insider
* indicates required field

Powered by MailChimp