9th September 2010
Traders believe that there is light at the end of the tunnel as the yen rose to a fresh 15-year high against the dollar in global Forex trading on the September 7th as investors flocked to the hedge currency to limit risk exposure. Amid renewed concerns about the strength of US recovery, Forex brokers once [...]
3rd September 2010
Forex trading, or currency buying and selling platforms, have seen a one-fifth expansion of business in the past three years, a new report from Reuters has revealed. They are saying that the Bank for International Settlements found increased demand for Forex trading was driven by a number of factors, including the expansion of hedge funds [...]
23rd August 2010
The U.S. dollar lost value against most major currencies today but gained against the Aussie and Canadian dollars. However, the dollar gained 0.24 percent against the Australian dollar over the weekend. Over the past 30 days the US currency is still down 1.07 percent. The Euro maintained its strength as the dollar. The dollar lost [...]
20th August 2010
A recent article in Germany’s Der Spiegel newspaper outlining the dire situation in Greece has caused a flurry of selling from Asia-Pac traders unloading early in the trading session. The article pointed out that the Greek economy is suffering as much as 70% unemployment in some areas of the country caused through the extreme austerity [...]
17th August 2010
The latest retail forecast from CitiFX Pro, Citi’s forex trading platform, is just above the consensus of 0.5% at a 0.6% rise, while their central range of forecasts falls in the relatively narrow range in between 0.3% and 0.6%. Citi says this suggests that a reading outside these bounds would represent a significant surprise to [...]
16th August 2010
Sterling has fallen against the euro today, moving further away from the six-week high seen last week. Reuters reports the currency also moved lower versus the dollar, removing gains made earlier in Forex trading.
The news source states “Sterling is still being driven by the dollar and risk sentiment,”and underperforming the euro a little, the weak [...]
12th August 2010
CitiFX Pro, Citi’s forex platform, noted that last night brought a spate of comments from Japanese authorities expressing concern with the exchange rate. Prime Minister Kan suggested that recent moves were ‘rough’, Finance Minister Noda noted that excessive volatility was undesireable and BoJ Governor Shirakawa highlighted the Bank was monitoring moves. Citi note that on [...]
12th August 2010
With consumer confidence falling in the wake of Government budget cuts to public services in an effort to reduce the massive public sector debt, the City is becoming increasing concerned about about the possible slowdown of the nation’s economic, which has weakened the currency.
The Pound Sterling fell against both the US dollar and the yen, [...]
10th August 2010
The latest economic indicators show a slowing in the pace of the recovery in the United States. With Government warnings and the market’s concern, traders are becoming worried that the U.S. economy could face a double dip recession. Anticipating next week’s FOMC meeting, market players, with everybody else for that matter, they are wondering whether [...]
6th August 2010
The pound Sterling fell after the central bank’s policy makers kept the interest rates at the low level, despite the concerns that the inflation may accelerate. In spite of recent gains of the pound on the outlook that the budget cuts wouldn’t cripple the Britain’s economy. The outlook became less optimistic after the Bank of [...]