Tag: Forex
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Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 14:00 GMT. Summary USD - USD Rises against EUR on Sign of Strengthening Economic Recovery EUR - EUR Weakens to a 1 1/2-Year against the Pound JPY - Yen Sees Mix Results against the Majors Crude Oil - Oil Falls below $78.50
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Analysts have begun to make positive statements regarding China's latest announcement that it may consider an easing of the rigidness of their monetary policy. This could result in the Chinese yuan being allowed to appreciate normally and boost risk appetite and market optimism in regards to a speedier recovery. It appears traders are scanning the horizon for a silver lining and China is believed to have come to the rescue, finally. But has it? Summary USD - Will China's Latest Move Kick-Start a Global Recovery? EUR - EUR in Recovery as Risk Appetite Gets Boost from China JPY - Will New Japanese PM Respond to China with a De-Valuation? OIL - Crude Prices in Appreciation on Boosted Demand and Weak USD
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| Comments | 0 | Hits: 95 |
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After several weeks in which the Dollar appreciated repeatedly against the Euro, the Euro is showing its first signs of recovery. The rising risk appetite in the market is the main reason for the strengthening Euro, but will it continue? Summary USD - Dollar Weakens As Risk Appetite Soars EUR - Euro Rallies as Stocks Continue To Rise JPY - Yen Drops against the Majors; BOJ Leaves Rates At 0.10% OIL - Crude Oil Rises Above $77 a Barrel
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| Comments | 0 | Hits: 91 |
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After a receiving a slight boost following comments from Fed chairman Bernanke yesterday, the Euro largely reversed its gains in overnight trading versus the U.S. Dollar and Yen. Investors appear to be waiting on news from a meeting today at the European Central Bank as to whether more help will be provided to debt ridden Euro-zone countries. Summary USD - Dollar Improves as Investors Return to Risk Aversion EUR - EUR Reverses Gains, Awaits News From ECB Meeting JPY - Safe Haven Yen Continues to Rally Against Its Rivals Crude Oil - Crude Corrects Itself After Major Gains Yesterday
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| Comments | 0 | Hits: 93 |
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The EUR pairs rose from Friday's lows, particularly against the US Dollar and Japanese Yen, despite the continued slide in global equities. The EUR/USD finished the day higher despite a trading day that was influenced by reduced risk taking. Global equities were lower across the board with the DAX down 0.57% and the S&P 500 lower by 1.35%. Most of the gains in the EUR/USD, however, can be contributed to profit taking from Friday's trading session. Summary USD - Dollar Pares Losses on Slide in US Equities EUR - EUR Comes Off Low vs. USD JPY - Yen Rises in Late Trading Crude Oil - Slow Growth and European Fiscal Concerns Weigh on Oil
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Renewed debt concerns among the Euro-zone countries sent the single currency spiraling down yet again in overnight trading. EUR/USD dropped well below the 1.2200 level, approaching a 4-year low. Today, traders can expect a number of U.S. economic indicators to create volatility in the marketplace. Whether or these indicators this will help the Euro is still unknown. Summary USD - Dollar Receives a Boost Following Durable Goods Report EUR - China Debt Reassessment Sends Euro Lower JPY - Yen Retains Safe-Haven Status and Continues to Make Gains Crude Oil - Crude Receives a Boost Following Inventories Report
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The Euro fell broadly throughout the night following news that the Spanish government is planning to takeover a smaller savings bank due to a failed merger attempt. The EUR/USD, currently trading below the 1.2300 level, has fallen more than 100 pips since yesterday evening as one of the results. Summary USD - Dollar Receives Boost Following Existing Home Sales Report EUR - EUR/USD Dives Due to Renewed Deficit Worries JPY - Risk Aversion Leads to Gains for the Yen Crude Oil - Euro-Zone News Drops Crude below $70 a Barrel
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| Comments | 0 | Hits: 88 |
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The EUR rose more than 1% against the U.S dollar and Japanese yen on Wednesday, recouping a steep drop that had extended into the early hours. A fresh round of speculation about other policy actions, including the possibility European officials were preparing to intervene in currency markets to prop up the EUR, kept volatility high. Summary USD - U.S. Dollar Declines after Fed minutes EUR - EUR Rebounds after 4 Year Low JPY - The Yen Rises across the Board Oil - Oil Ends Lower in Choppy Trading
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| Comments | 0 | Hits: 93 |
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With the Euro already recording fresh 14-month lows against the U.S. Dollar on Thursday, the single currency may see a significantly larger price drop following the U.S. Non-Farm Payrolls report. Set to be released at 12:30 GMT, the report is forecasted to show an increase in the American employment figure. This will likely weigh heavily on the Euro. Summary USD - Non-Farm Payrolls Could Lead to Big Gains for the Greenback EUR - Euro Continues to Fall With No End in Sight JPY - Yen Makes Big Gains as Safe Haven Currency OIL - Spot Crude Plummets on Market Turmoil
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Fears that the sovereign debt issues will spread to other weak economies such as Spain and Portugal as well as concerns that the bailout package will not be enough to return Greece to solvency caused the EUR to fall to its lowest level in 14 months versus the USD. Summary USD - USD Gains on Negative Market Sentiment EUR - EUR Drops over 1% versus the USD JPY - Yen Rallies versus Counterparts OIL - Crude Price Drop blow $80 a Barrel
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| Comments | 0 | Hits: 99 |
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The U.S. Pending Home Sales is the primary publication today, and is set to determine the level of the USD when it is released at 14:00 GMT. The other main releases that are set to dominate forex trading today, especially for currencies such as the Dollar, EUR and GBP are the publications of German Retail Sales and the British Manufacturing PMI. Traders may find good opportunities to enter the market following these vital announcements. Summary USD - Dollar Strengthens on the Release of US Manufacturing Data EUR - EUR Falls on Greek Bailout Doubts JPY - Yen Falls against the Majors Crude Oil - Crude Oil Rises Above $86 a Barrel
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| Comments | 0 | Hits: 85 |
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After falling to one year lows against several of its main currency rivals, the Euro was able to bounce back slightly last night. Following news that U.S. interest rates will likely remain at their current levels for the foreseeable future, the single currency was able to make very slight advances against the greenback and is currently trading around the 1.3200 level. Summary USD - Dollar Gains Big on Euro-Zone Woes
EUR - Euro Tumbles Following Spanish Downgrade
JPY - Yen Able to Maintain Gains Despite Return To Risk Taking
Crude Oil - Crude Struggling to Maintain Prices Above $83 a Barrel
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| Comments | 0 | Hits: 106 |
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An extremely volatile trading day ended yesterday with the U.S. Dollar gaining against most major currencies. The EUR/USD pair hit a one-year low not seen since April 2009, trading below 1.3200. Volatility is expected to continue today, while European Union (EU) representatives would probably try to reassure investors regarding the stability of the EUR and aid to support Greece. This should support the EUR, which was already trading higher at Wednesday's trade opening. Summary USD - U.S. Consumer Confidence Comes High, Markets End Low EUR - Greece & Portugal Downgrade Sent EUR to Yearly Low JPY - Yen Rises as Investors Divert from Risk OIL - Crude Oil Prices Rise as Recovery Concerns Take Over
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During last week's trading session, the Dollar continued to strengthen, mostly due to the Greek debt crisis which weakens the Euro. This week however, Interest Rates Announcements are expected from the U.S, Japan and New Zealand. This promises a much more volatile week, with unique opportunities to see high profits. Will you take advantage? Summary USD - U.S. Interest Rates Announcement Expected on Wednesday EUR - Euro Continues To Tumble on Greek Fiscal Crisis Woes JPY - Yen Drops On All Fronts Crude Oil - Crude Oil Recovers to $85 a Barrel
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| Comments | 0 | Hits: 99 |
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The EUR/USD cross edged above the $1.35 level after the German ZEW Institute's April economic sentiment index came in well above previously forecasted levels. That being said, the Euro-Zone currency fell later in the session amid persistent worries about debt-stricken Greece. Summary USD - Dollar Tumbles as Risk Taking Resumes EUR - Euro pressured vs. Dollar on Greece Debt Worries JPY - Yen Gains vs. Euro on Greek Concerns Crude Oil - Crude Extends Gains Past $84 a Barrel
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The U.S Dollar edged down versus the EUR during the session as traders look ahead to key U.S. economic data and congressional testimony from Federal Reserve Chairman Ben Bernanke later today. Traders will listen closely for any hints of changes to how long the Fed may keep Interest Rates on hold. Summary USD - Dollar falls vs. Yen as Trade Deficit Widens EUR - Euro higher vs. U.S Dollar JPY - Yen Declines from 2 Week High on Risk Appetite Crude Oil - Crude Oil Trades Near $84 a Barrel
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| Comments | 0 | Hits: 122 |
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After a relatively calm trading week, on which it seemed that the Dollar and the Yen would continue to rise, European governments have offered an aid package to Greece and have immediately created mayhem in the market. Currently the Euro and the Pound are ascending on all fronts, did you take advantage? Summary USD - Dollar Erases Gains vs. the Majors EUR - Euro Soars as European Governments Offer $61 Billion Aid Package to Greece JPY - Yen Sees Mixed Results against the Majors OIL - Crude Oil Remains At $85 a Barrel
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| Comments | 0 | Hits: 117 |
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The Euro was provided assistance earlier today when the European Central Bank (ECB) announced that interest rates would be held steady - as was expected - and that there was little fear of a sovereign default by Greece. Such a turn of events gave the 16-nation single currency a much needed boost against its primary rival, the US Dollar, but some analysts contend that these gains will be short-lived. Summary USD - EUR/USD Exits Down-Trend EUR - EUR Gains from ECB Governor Statements JPY - JPY Bearish against Majors; Weekly Gains at an End OIL - Spot Crude Oil Price Rebounds after Week-Long Decline
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The Dollar rallied broadly, while the EUR fell to 10-month lows on Wednesday, as a ratings firm downgraded Portugal, adding to worries over debt sustainability and growth in some of euro zone's smaller countries. That supported some safe-haven flows into the U.S. dollar. Summary USD - Dollar's Rally Continues EUR - EUR Falls to a 10-Month Low Versus the Dollar JPY - Yen Drops on All Fronts Crude Oil - Oil Drops as Inventories Rise
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| Comments | 0 | Hits: 137 |
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After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips will mark a year low. Will it take place later on in the week? Summary USD - Recovery Indications from the U.S. Economy Strengthen the Dollar EUR - Euro Continues To Tumble Vs. The Majors JPY - Yen Corrects Losses against the Major Currencies OIL - Harsh Volatility Drives Crude Oil towards $80 a Barrel
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| Comments | 0 | Hits: 109 |
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