Posts Tagged ‘Currency Markets’

Currency markets for yen is weakened

Posted by Tushar Mathur on August 6th, 2011

The currency markets value on Thursday doesn’t seem to support the yen range, and hence it is weaken. To ensure and safer from the spectacular rises, the nation’s economy would collapse if it is higher. In a bid of this circumstance it has failed. At the GMT it started its ground fall at 01:00 and approximately at 02:35. Their rise was abruptly marked as 78.76 dollar and however it was previously at 76.99 dollar.

Now as a chain reaction and as an impact of yen weakening, the Japanese unit seems to weaken against the euro.

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New Zealand Dollar Rebounds on Retail Sales

Posted by admin on January 21st, 2010

After losing significantly during most of this Wednesday’s session as risk aversion prevailed globally, the kiwi rebounded in currency markets as retail sales advanced in the country reviving the confidence regarding the Southern Pacific economy. The New Zealand dollar had its worse decline in two months this Wednesday as consumer prices showed negative figures, but a retail sales report published in this Thursday early morning in the country revived confidence in the currency as figures came better than forecasts suggested. NZD/USD traded at 0.7227 as of 12:51 GMT from as low as 0.7185 hours earlier.

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Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion

Posted by admin on January 21st, 2010

The Canadian dollar ranked among the worst performers in currency markets today as risk aversion influenced commodities and equities trading, which are strongly related to the loonie’s rates as weak economic data in the country also influenced the confidence towards Canada’s currency. Speculations that interest rates hikes would happen anytime soon in Canada faded further away as consumer prices retreated according to a report published today, which forced the loonie down in a day were demand for raw materials declined, affecting the outlook for the Canadian economy as half of the country’s exports are commodities. The U.S.

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Canada’s Dollar Retreats on Oil, Risk Aversion

Posted by admin on January 15th, 2010

The Canadian dollar declined versus its U.S. counterpart and lower-yielding currencies as risk aversion rose impacting markets with extreme influence in the loonie rates, those of raw materials and equities, which dropped globally this Friday. The loonie was impacted today as energetic and metallic commodities declined, specially the crude oil, as raw material exports account for more than half of the country’s international trade revenue, in a day of bearish markets in New York and Toronto. China’s new tightening lending policy declined appeal for high-yielding currencies, and despite U.S. mediocre data published in reports this Friday showing a slow down in the country’s inflation, the greenback advanced versus the loonie after touching a three-month low earlier this week.

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Brazilian Real Declines on Treasury Plans

Posted by admin on January 14th, 2010

The Brazilian real posted the fourth straight day of decline versus the U.S. dollar as speculations suggest that the Treasury is likely to start a debt selling plan to buy dollars, declining attractiveness for the real in currency markets. The real touched the weakest level in 2010 today as speculations suggest that overseas investors are leaving the country, and such capital outflows declined appeal for the emerging market South American currency. A Treasury plan that may be used to buy dollars also affected the real’s outlook, in another day of losses versus most of the main traded currencies this week.

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Canadian Dollar Rebounds After Bearish Days

Posted by admin on January 13th, 2010

The Canadian dollar profited from a higher risk appetite session today and rebounded versus the yen and its U.S. counterpart as equities rose in North America, allowing the correlated loonie to profit from this trading scenario. After two days losing in currency markets as concerns that the Canadian economic recovery is not as robust as analysts suggested, the loonie rebounded today, profiting from a positive performance of stocks and commodities, which have an extreme influence in the Canadian currency rates as raw materials exports are responsible for a big cut on the country’s international trade. The Canadian dollar also benefited from a less attractive U.S.

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Yen Rallies on China’s Banking Policy

Posted by admin on January 12th, 2010

Risk aversion declined significantly today after China set a new reserves requirements for banks in the country, allowing the yen to outperform all of the 16 main traded currencies in foreign-exchange markets, as pessimism surged. Equities markets in Asia and globally declined today, raising demand for the yen, as China set a minimum of 16 percent of reserves that large banking corporations in the country must have, in order to avoid a credit bubble as the one that caused the global slump in late 2008. The yen is considered the safest refuge in currency markets for turbulent times and benefited from today’s negative scenario, as China’s policy decreased demand for high-yielding assets, which were trading high since the beginning of the year.

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Pound slid back against the euro yesterday, but has rebounded strongly in trading today

Posted by admin on October 21st, 2009

Sterling dipped slightly against the single currency, relinquishing gains in the afternoon as US equities slipped back, closing the day down just 0.1% at 1.0958. In early trading, investors picked up on comments from the ECB President who added to remarks from other eurozone officials expressing worries about the strength of the single currency. In response the markets took the euro slightly lower, enabling the pound to reach up over 1.10, near Monday’s 3-week high. In addition, the pound gained slight support after the UK public spending deficit in September fell short of market expectations, buoying investor sentiment.

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The positive news and comment from New Zealand and Australia strengthened the downtrend of the dollar

Posted by admin on October 15th, 2009

While the currency markets wavered, hesitating to jump into a train of risk on the New York session, Wall Street took the bull by the horns, and the DJIA index Breaks at 10 000 points for the first time since October 2008. Euro and the Australian dollar managed to reach cyclical highs against the U.S. dollar, however, the decline of U.S. T-bills after the publication of the protocol of the Federal Committee on Open Market (FOMC) samortizirovalo falling dollar / yen.According to the protocol, the committee members cautious in assessing the prospects for economic recovery.

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Factors Influencing the Forex Market

Posted by Tushar Mathur on October 10th, 2009

A lot of people like the participants of the currency markets, economists and experts of the Central bank have been trying to understand and identify, what factors exactly drive the highs and the lows of the Forex market. A lot of experts suggest that predicting the future move or trend of the Forex market is more of an art than a science. That is because even the experts at times have to split their views in relation to the direction of the Forex market.

Technically speaking there are two schools of thoughts or approaches which is primarily used to analyze the Forex market.

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Exchange Rate Risk

Posted by Tushar Mathur on October 8th, 2009

Exchange rate risk is one of the four risks associated with the worldwide foreign exchange market. The market supply and demand for currencies shifts continuously and its consequences lead to the exchange rate risk on an outstanding forex position. An outstanding position is always subject to the changes in the prices of currencies thereby leading to exchange rate risk. These positions can be managed so that the losses can be cut short and profitable positions can be carried forward. The main dealers in the currency markets i.e., the Banks and traders use their analysis, skills and experiences to employ certain limits for the said purposes.

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Currency options

Posted by Tushar Mathur on October 8th, 2009

A currency option is a contract between a buyer and a seller that gives the buyer the right, but not the obligation, to trade a specific amount of currency at a certain price on or before a certain date, regardless of the market price of the currency. On the other hand it gives the seller, or writer, the obligation to deliver the currency under the contractual terms, if and when the buyer wants to exercise the option. Currency options are financial instruments used for speculation and hedging. Volatility of a currency has a direct link with the options as it may generate a profit or loss in the options market.

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Currency Markets Look to G20 Summit Outcome to Guide Price Action (Euro Open)

Posted by admin on September 25th, 2009

Currency markets will be focused on the outcome of the G20 summit of world leaders in Pittsburg to guide directional momentum. A leaked draft communiqué hinted policymakers were in no rush to withdraw fiscal stimulus, but concerns remain about what measures will be taken against risk-taking in the financial markets.Key Overnight Developments• NZ Annual Trade Deficit Shrinks as Imports Fall for Fifth Month• Bank of Japan Says Recovery After Stimulus, Restocking is “Uncertain”Critical LevelsThe Euro initially sold off but prices recovered late into the overnight session, adding much as 0.2% against the US Dollar.

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British Pound Volatility Threat High as Currency Markets Focus on BOE Minutes (Euro Open)

Posted by admin on September 23rd, 2009

The British Pound may be in for a volatile session ahead as the release of minutes from this month’s Bank of England monetary policy meeting top the economic calendar in European hours. Currency markets were active in overnight after New Zealand GDP unexpectedly expanded and the Chinese central bank deputy governor sounded off against the US Dollar.Key Overnight Developments• Currency Surges as New Zealand GDP Unexpectedly Grows in Second Quarter• USD Drops After PBOC’s Hu Says Dollar-Reserve System Must ChangeCritical LevelsThe Euro trended higher against the US Dollar in overnight trading, testing as high as 1.4842. The British Pound also advanced, adding as much as 0.4% against the greenback.

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