Posts Tagged ‘ world ’

Failed Euro Bailout Would Buoy Yen

Given that only a week has passed since the bailout of Greece was formally unveiled, it’s still too early to determine whether the plan will be success. Regardless of how it ultimately plays out, though, the bailout (not too mention the concomitant crisis) is shaping up to be THE big market mover of 2009. As [ READ MORE ]

Forex: Fear Triggers Liquidation, More Losses Ahead

Big moves in financial markets are usually triggered by fear or greed and today, it is fear that has gripped investors around the world, causing them to liquidate out of currencies, equities and commodities. The euro fell to a one year low against the U.S. dollar, breaking the 1.30 level in the process. [ READ MORE ]

Risk Aversion and Trichet to Dominate the Day Ahead

It’s been a quiet Asian session in the currency market as participants prepare for the BoE and ECB announcements later in the and keep a wary eye on number of hotspots around the world. In Thailand Prime Minister Abhisit Vejjajiva declared a state of emergency in Bangkok in the wake of a week long protest [ READ MORE ]

Brazilian Real Recovers on Rate Hike Hopes

One of the main themes (even if not always overt) of my posts recently has been the revival of the carry trade, if not the already extant revival than at least the imminent one. In this context, there is no better candidate than the Brazilian Real. After a stellar 2009, the Brazilian Real opened 2010 in [ READ MORE ]

Euro Hits Fresh Lows As Germany Balks at Bailout

The EUR/USD hit fresh yearly lows in a massive liquidation run as concerns over Germany’s refusal to aid Greece pushed the pair to 1.3355 in volatile mid-morning trade. Not even the much better than expected PMI data or the blow out IFO numbers could stem the tide of sell orders as FX markets remain [ READ MORE ]

The Force Behind The Dollar Rally

For anyone trading the 3 major currency pairs – EUR/USD, USD/JPY and the GBP/USD, it was a good day to be long U.S. dollars. The greenback rose to a fresh 10 month high against the euro, is at the cusp of breaking its 10 month high against the British pound and reached a 2 [ READ MORE ]

Chinese Yuan Controversy Heats Up

Over the last couple weeks, rising expectations of a resumed appreciation of the Chinese Yuan (RMB) have brought heightened tension. Politicians, economists, and even newspaper columnists are finding themselves involved in increasingly bitter disputes over the issue. What’s more, the debate has regressed; whereas before it was a foregone conclusion that China would soon lift the [ READ MORE ]

Why is the Loonie Beating the Aussie?

It sounds like the beginning to a bad joke, right? But seriously, why is the Canadian Dollar (aka Loonie) beating the Australian Dollar (AUD) when the two currencies are placed head-to-head? The currency markets tend to be very Dollar-Centric, in that they tend to view most currencies relative to the US Dollar (and to a lesser [ READ MORE ]

Pound Wobbles on Tory Troubles

On the last night of trading for the week, with the eco calendar barren of any data the euro slipped below the 1.3600 figure, plagued by the continuing concerns over the Greek debt crisis situation while pound dropped to 1.5150 in the aftermath of remarks by BOE member Andrew Sentence. In an interview with [ READ MORE ]

Dollar Bulls Are Looking Beyond Feb Payrolls

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 ]

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