Posts Tagged ‘ dollar ’

FOREX: U.S. And China

The lack of the U.S. economic data has put the financial markets in a consolidative mood today. The only two currencies that saw any meaningful action were the British pound and Canadian dollars, which were also the only two countries that released market moving data. After days of significant weakness, the U.S. dollar managed [ READ MORE ]

CAD: Another Blowout Employment Number

The Canadian dollar soared like a bird this morning after another blowout employment report. A total of 93.2k Canadians found new work last month, driving the unemployment rate down to 7.9 percent, the lowest level since January 2009. [ READ MORE ]

Currencies Shrug Off Reversal In Equities

U.S. stocks staged a dramatic reversal today, giving up most of its earlier gains. The Dow Jones Industrial Average was up as much as 168 points during the first hour of trading but it failed to hold onto its gains after the London markets closed. This suggests that European traders are far more [ READ MORE ]

Euro Declines off the Highs on Fears of QE

High beta FX gave up some of its gains against the dollar in Asian and early European trade today as risk aversion flows returned to the market. With no meaningful economic data on the calendar risk currencies followed equities to the downside as Nikkei slipped -0.6% while European bourses were lower by -1.0% in mid [ READ MORE ]

Markets Confused about Canadian Dollar

On a trade-weighted basis, the Canadian Dollar (aka Loonie) has appreciated nearly 10% in 2010. At the same time, it has fallen 8% against the Dollar since the beginning of May. This contradiction is reflected in an explosion in volatility: “CAD has been very volatile – the average intraday spread between the high and low [ READ MORE ]

Currencies Quiet, As All Eyes on the NFPs

Its’ s been a typically quiet night in the currency market as traders gear up for the marquee event of the week with US Non Farm Payrolls due at 12:30 GMT. Overnight action saw the dollar claw back some of its losses as longs took profit in the EUR/USD above the 1.2500 [ READ MORE ]

USD: Quiet Trading Ahead

At first glance, it may appear that it has been a quiet pre-holiday trading session that has left the U.S. dollar virtually unchanged against the euro, Japanese Yen and British pound. However appearances can be deceiving because the non-farm payrolls report triggered a significant degree of intraday volatility in all 3 major currencies. [ READ MORE ]

Forex Traders Turn on Dollar After Payrolls Report

The non-farm payrolls report has lived up to its reputation of being the most market moving indicator for the U.S. dollar. On the heels of the labor market release, the dollar soared against the Japanese Yen but just as quickly as it had accumulated those gains, it lost them. Risk currencies such as the euro [ READ MORE ]

EUR/USD Rises on Bad Employment Report & Lower ECB Lending

The euro strengthened today against the U.S. dollar as the Central European Bank would lend European bank less than was predicted, igniting hopes that European financial system recovers from crisis. ECB announced that it’d loan 131.9 billion euro to banks in a three-month tender, while forecasts spoke… [ READ MORE ]

FOREX: Late Day Selling

Compared to the last 24 hours, it has been a relatively quiet day in the financial markets up until the last hour of trading. The Dow Jones Industrial Average oscillated in and out of negative territory for most of the U.S. session before plunging close to 100 pips in last 60 minutes of trade, putting [ READ MORE ]

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