Posts Tagged ‘ exchange ’

Forex: Understanding the EU/IMF Plan

The big story in the financial markets today is the mammoth EU/IMF rescue plan. A lot has been written about the plan on many sites including our own. Given that the plan which in many ways is just as significant as the TARP will be the focus of the financial markets for weeks to [ 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 ]

No Credit Risk in Forex

The risks in trading forex are manifold. There is interest rate risk (the possibility that interest rates could change adversely), country risk (that a political, economic, or monetary crisis could adversely affect the dynamics of a country’s currency), and obviously there is exchange rate risk (that exchange rates can and often do fluctuate adversely). However, [ READ MORE ]

Canadian Dollar and Parity

The Canadian Dollar’s performance of late has been eerily redolent of its sudden rise in 2007, when propelled by nothing more than sheer momentum, it rose 20% against the Dollar and breached the parity mark (1:1) en route to a 30-year high. [Of course, we all remember what happened next: the credit crisis struck, and [ READ MORE ]

USD/CAD Pressured By Weaker U.S., Stronger Canadian Trade Numbers

Trade balances are the main focus in the foreign exchange market this morning with the U.K. first reporting the smallest trade deficit since June 2006 and the U.S. and Canada following up with diverging trade results. [ READ MORE ]

Dollar: A Little History While Waiting On China

It has been a relatively quiet day in the foreign exchange market with no major U.S. economic data released outside of the weekly jobless claims report. Equities recovered earlier losses to end the day in positive territory while the U.S. dollar traded higher against the Japanese Yen and lower against most other major currencies. [ READ MORE ]

DOLLAR: Skeptical Fed Has No Plans To Rush Rate Hike

It has been another mixed day in the foreign exchange market with the U.S. dollar trading higher against the euro, British pound and Swiss Franc and lower against the Japanese Yen and commodity currencies. The appearance of risk aversion in the forex markets can be best attributed to the continued problems in Greece and [ READ MORE ]

Japanese Yen: Will We See Intervention?

The Japanese yen has fallen 5% against the Dollar over the last month, and 10% since touching a record high in November. Since this certainly isn’t explainable in the context of the EU debt crisis, what’s going on?! The primary factor behind the Yen’s decline appears to be seasonal, given the “end of the Japanese fiscal [ READ MORE ]

Forget about Greece: What about the US, Japan, and the UK?

Forget about Greece: What about the US, Japan, and the UK? Almost 75% of trading in the forex markets involves some combination of the US Dollar, Euro, Japanese Yen, and British Pound. This figure rises to more than 95% when you include trading in which at least one of the currencies (as opposed to both) [ READ MORE ]

Swiss Franc Surges to Record High: Where was the SNB?

One of the clear victors of the Greek sovereign debt crisis has been the Swiss Franc, which has risen 5% against the Euro over the last quarter en route to a record high. 5% may not sound like much until you consider that the Franc had hovered around the €1.50 for most of 2009. Every [ READ MORE ]

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