Posts Tagged ‘Currency’

Australian Dollar Climbs on Unemployment Rate

Posted by admin on January 14th, 2010

The Australian dollar climbed after employment figures were published in the country with better-than-expected numbers, adding confidence that the economic recovery in the country is accelerating its pace, spurring demand for assets in the South Pacific region. After unemployment in Australia declined to 5.5 percent and surprised forecasts that expected an increase, the Aussie dollar gained versus most of the main traded currencies, specially lower-yielding options like the Japanese yen, impacted by the growing risk appetite in Australia. AUD/CAD traded at 0.9579 as of 02:27 GMT from 0.9504 hours before the employment figures were published in Australia.

Click to continue reading “Australian Dollar Climbs on Unemployment Rate”

Posted in News Comments Off

Dollar Drops Slightly on Fed Comments

Posted by admin on January 13th, 2010

The dollar had a mediocre performance today losing versus a considerable number of currencies after the nation’s central bank was not so optimistic regarding the U.S. economy recovery, declining appeal for the greenback. The dollar posted a disappointing performance in a day were equities and commodities markets increased appeal for higher-yielding currencies. The British pound posted another advance versus the greenback as Bank of England’s policy markers signaled that interest rates in the U.K. are due to be hiked at some point this year. The Federal Reserve stated that a modest economic recovery is taking place in the U.S., fact which traders interpret as a delay in forecasts of interest rate raises, which is certainly declining the attractiveness that fueled a dollar rally versus most of the main traded currencies in December.

Click to continue reading “Dollar Drops Slightly on Fed Comments”

Posted in News Comments Off

Aussie Dollar Falls on New Home Loans

Posted by admin on January 12th, 2010

The Australian dollar fell sharply versus lower-yielding currencies today as a real estate report declined optimism regarding the South Pacific economy, in a day were commodities and equities markets which have a strong correlation with the Aussie, declined. Basically everything worked against the Australian dollar today as a report in the country showed that new home loans decreased the most in more than a year, in a day were equities dropped and demand for commodities declined, after China imposed new lending requirements for banks. AUD/USD declined to 0.9200 as of 19:38 GMT from a previous rate of 0.9310. AUD/JPY dropped to 83.64 from 85.64.

Click to continue reading “Aussie Dollar Falls on New Home Loans”

Posted in News Comments Off

Canadian Dollar Falls on Trade Deficit Surprise

Posted by admin on January 12th, 2010

The Canadian dollar had its rally towards parity with its U.S. counterpart halted after a monthly trade deficit was posted today, raising doubts that the nation’s economy is not going as good as some analysts like to believe. The loonie had a disappointing surprise today as Canada posted a trade deficit of more than $300 million while forecasts suggested a surplus of $500 million, surprising traders and affecting the outlook of one of the best performing currencies so far in the beginning of 2010. The Canadian dollar had profited so far this month from high risk aversion and an increasing demand for the nation’s commodities, which influenced the Canadian economic expectations, impacted today showing traders that Canada’s resilience is not as high as previously imagined.

Click to continue reading “Canadian Dollar Falls on Trade Deficit Surprise”

Posted in News Comments Off

Pound Strong Versus Dollar on Global Recovery

Posted by admin on January 12th, 2010

The U.K. currency extended Friday’s gains versus the U.S. dollar today as global optimism helped speculations that an economic recovery in the U.K. will make its currency more attractive in foreign-exchange markets. A business report published today by a private company in the U.K. indicated that confidence regarding economic conditions has improved substantially in an annual comparison, helping the pound to post another day of gains versus the greenback after a Chinese trading report suggested that the global economic recovery expected for 2010 is so far being confirmed, as both exports and imports climbed in China.

Click to continue reading “Pound Strong Versus Dollar on Global Recovery”

Posted in News Comments Off

Pound to Decline Versus Higher-Yielding Currencies on Weak Recovery

Posted by admin on January 11th, 2010

The United Kingdom has been showing itself as one of the least resilient nations among the wealthiest countries in the world, and its weak economic data combined with a ineffective monetary policy is likely to set the sterling further down in the first semester of 2010, specially versus higher-yielding options Bank of England policy makers insisted to extend its so far frustrated bond purchase strategy, injecting its remaining 200 billion pounds on the program, as interest rates remain at an all-time record low of 0.50 percent, maintaining the pound’s outlook negative, specially as the traders started the year with high levels of risk appetite.

Click to continue reading “Pound to Decline Versus Higher-Yielding Currencies on Weak Recovery”

Posted in News Comments Off

Payrolls Cause Dollar’s Weekly Decline

Posted by admin on January 9th, 2010

The U.S. currency was performing quite well during most of this week’s session as optimism regarding the U.S. economy was high, but the employment data published on Friday forced the greenback down versus most of the main traded currencies, as figures came much below forecasts. The dollar posted the biggest weekly in two months as a non-farm payrolls report indicated more jobs cuts than expected, frustrating forecasts and declining odds that the Federal Reserve will lift stimulus and start a series of interest rate hikes that would happen sooner-than-expected, as some speculations suggested, if the economy accelerated at a faster pace.

Click to continue reading “Payrolls Cause Dollar’s Weekly Decline”

Posted in News Comments Off

Norwegian Krone Falls From 16-Month High

Posted by admin on January 8th, 2010

The krone fell today from the highest rate since September 2008 as the nation’s government finally expressed concern regarding the currency’s strength, halting a rally versus the euro that started in the end of 2009.Norway’s Industry Minister Trond Giske affirmed today that the krone may become too strong, fueling speculations that the government may intervene if the currency continues to extend its gains, mostly fueled by renewed demand for crude oil, one of the country’s chief exports.EUR/NOK closed today at 8.1805 from an opening rate of 8.1622.If you want to comment on the Norwegian krone’s recent action or have any questions regarding this currency, please, feel free to reply below.

Posted in News Comments Off

Having weakened off sharply on Friday, the aussie is trading strongly against the pound this morning

Posted by admin on November 2nd, 2009

The pound climbed just over two cents against a broadly weakened aussie dollar on Friday with a rise in risk aversion putting selling pressure on the higher-yielding currency. Weak data in the US and plummeting global equity markets enable the pound to gain as investors took the opportunity to cash profits in the aussie and retreat to safer assets. Analysts have recently noted that the rally in risky assets could come to an end. Conditions for perceived riskier assets to gain requires a flow of positive economic data combined with loose global monetary policies and low interest rates.

Click to continue reading “Having weakened off sharply on Friday, the aussie is trading strongly against the pound this morning”

Posted in Other Forex Comments Off

Positive GDP figures in the US drove dollar selling yesterday enabling the pound to gain

Posted by admin on October 30th, 2009

Sterling extended its rally, briefly climbing above $1.66 as the dollar sold off broadly after strong economic growth data spurred demand for riskier assets. In early trading, the pound found support from data that showed UK mortgage approvals for September increased to their highest level since February last year, exceeding market forecasts. Risk appetite was buoyed further in the afternoon after a report showed the US economy returned to growth in the third quarter, boosting stocks and reducing the appeal of the relative safety of the greenback. The US economy in the third quarter grew by 3.5% on an annualised basis, beating market expectations of a 3.3% rise and easing recently voiced concerns over the strength of the US recovery.

Click to continue reading “Positive GDP figures in the US drove dollar selling yesterday enabling the pound to gain”

Posted in Other Forex Comments Off

Kiwi struggled as the PM highlighted the problems inherent with a strong currency

Posted by admin on October 27th, 2009

The kiwi dollar came under pressure yesterday following dovish comments from the PM, enabling the pound climb two and a half cents, closing at 2.1845. The kiwi dollar underperformed after the country’s Prime Minister John Key said New Zealand is concerned over the strength of its currency, but has few tools at its disposal to deal with it. The statement concerned investors as it lessened the chance of the RBNZ raising interest rates in the near future as some traders were expecting. In trading this morning the pair are trading steadily around last night’s closing price, with investors now turning their focus the NZ interest rate decision on Wednesday evening.

Click to continue reading “Kiwi struggled as the PM highlighted the problems inherent with a strong currency”

Posted in Other Forex Comments Off

Sterling made gains against the aussie as the price of gold fell back

Posted by admin on October 27th, 2009

The pound posted gains against the aussie yesterday, reversing its steep fall at the end of last week as investors cashed profits, closing up 0.8% at 1.7822. The aussie was broadly weaker in trading yesterday as investors took the opportunity to take profits following sharp gains made on Friday.The price of gold also continued to fall yesterday, discouraging investment in the commodity linked currency. Gold quoted around 1053/oz yesterday, though probably due more to profit taking than lack of strength.In trading this morning, the aussie is slightly up on the day, though investors are likely to remain wary ahead of sales data in the UK and a consumer confidence survey in the USIn addition, investors may well caution against long positions ahead of Thursday when the US 3 rd quarter GDP figure is released. The economy is forecast to have grown by 3.3% in the quarter, though if it undershoots this target it could trigger a wave of selling in riskier currencies.

Posted in Other Forex Comments Off

Slowly but surely, the U.S. dollar strengthened against the Japanese yen

Posted by admin on October 23rd, 2009

Drawing attention to the 4 hours chart, you will notice that for the second consecutive day, continuing the slow but steady growth (after the currency was able to penetrate the upper limit of the symmetrical triangle) of the American dollar against the Japanese yenUSD/JPYCurrent price levels are still located above the moving averages with periods of 34, 55, 89 and 144, which is directed upwards and point to the continuing bullish sentiment.The MACD histogram is located in the positive zone, located above its signal line, continues to rise and thus sends a signal to buy the dollar / yen.Stochastic Oscillator re-entered the overbought zone and formed a similar signal, since the beginning of the% K line rises above the% D.Therefore, we expect that growth in dollar / yen will continue, but the immediate goal of bulls is located on 92.50.Levels of resistance: 92.00/10, 92.50, 92.70, 93.00Support levels: 91.50, 91.00, 90.70, 90.50, 90.20/00

Posted in News Comments Off

The British pound traded with a positive attitude

Posted by admin on October 21st, 2009

The British pound traded with a positive attitude and has already reached sessional maximum near $ 1.6430 – support the currency has a general weakening of the U.S. dollar, as well as the comments of the Bank of England Governor Mervyn King that “at some point, interest rates return to normal levels. King also noted that now rates are at extremely low levels, and is not yet known how long this situation will persist. Now couple pound / dollar was at $ 1.6429 otmekte – Offer near the level of $ 1.6425 until restrain upward movement pair.

Posted in News Comments Off

Euro Dollar one-minute Trading System

Posted by admin on October 18th, 2009

The System rules :-Indicators:Step MA v7 – default with step set to 20 & width set to 1Heiken Ashi – default with color set to red/dodger blue & width set to 1Stochastic Oscillator – set to 14,3,3 with 20/80 levels & only using the main lineStrategy MT4 Template stepma.tpBuy Signal1- the step ma turns from red to blue2- stoch signal line closes at or above the 80 level3- heiken ashi candle is blueSell Signal1- step ma turns from blue to red2- stoch signal line closes at or below the 20 level3- heiken ashi candle is redStop Lose20 pips including spreadTarget profit20 pips after spreadTime frame1 minuteCurrency pairEUR/USDTrade signal On the close of a candleany Question about the system i am here to answerHAve A nICe tRADe

Posted in News Comments Off
« Older Entries
Newer Entries »

Sponsors:




RSS FeedSubscribe to our RSS feed!