Posts Tagged ‘ today ’
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 ]
While both euro and pound drifted lower in Asian session today, the Aussie continued to hold ground around the .9100 figure boosted by strong business sentiment and labor data. Australian NAB Business confidence survey rose to 19 from 15 the month prior while ANZ Job Advertisements soared to 19.1% from a decline of -8.1% on [ READ MORE ]
The dollar is going to end this week trading near neutrality versus the euro as several days of alternating risk appetite and aversion moved markets both ways during the past 5 days. Today, better than expected employment data in the U.S. allow the dollar to end this week trading with a slight advantage versus the euro in the weekly comparison. EUR/USD currently trades at 1.3617. Nonfarm payrolls were at -36k in February from a previous [ READ MORE ]
The EUR/USD currency had a change on its positive trend today despite a fall in the U.S. number of pending home sales, as factory orders rose in North America and mainly thanks to an ECB statement affirming that stimulus will last as long as they are necessary to help the region’s economy to increase its pace of recovery. EUR/USD is falling and currently trades at 1.3565. Pending Home Sales, a forward-looking indicator based on contracts signed in January, fell [ 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 ]
Once again, it was relative growth and not risk appetite that dominated the flows in the forex market. With lackluster price action in the equities and bonds, risk was clearly not the focus. Even though there was no U.S. economic data on the calendar today, there were plenty of non-dollar centric events for [ 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 ]
Although risk on appears to be the theme in financial markets today with equities up strongly, the price action in the majors indicates that the divergence trade is in full swing. The dollar traded higher against the euro, British pound and Swiss franc, lower against the commodity currencies and unchanged against the Japanese Yen. [ READ MORE ]
The U.S. dollar posted its sharpest decline versus the euro today despite a gross domestic product report published today showed growth in the North American economy for last year’s final quarter. Existing home sales slid much beyond forecasts, allowing the euro to pare a good amount of this week’s losses. EUR/USD currently trades at 1.3674. Preliminary GDP report for last year’s fourth quarter showed a growth of 5.9%, from the previous [ READ MORE ]
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