Posts Tagged ‘Euro Dollar’

Today Asia behaved more discreetly

Posted by admin on October 16th, 2009

Asia today is to behave more calmly. Does this mean that in the near future growth in the market will stop? The British pound, do not abandon the ranks of losers for many weeks, last night suddenly plucked up courage and flew up. On the technical side movement helped triggered stop-loss, but with a fundamental – a more confident tone of a member of the Bank of England Fischer in an interview with “Financial Times” and talk of mergers and acquisitions involving British companies. Sharp depreciation of the euro / pound gave further impetus to the movement, and the pound managed to win back some lost over the last three weeks of positions.With regard to the dynamics of the dollar, then that session was ambiguous, since the results of two studies of business activity in the U.S.

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Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning

Posted by admin on October 16th, 2009

The single currency pushed higher once again as the greenback suffered from rising appetite in the wake of positive economic signs.The dollar initially made after ECB President Trichet said that the US government and the Federal Reserve should pursue policies supporting a strong dollar and that excessive foreign-exchange volatility is an “enemy.” However the euro trimmed its losses in the afternoon following positive US data, which bolstered expectations that the economy is recovering. US jobless claims beat market forecasts dropping a further 10K week-on-week. The US CPI figure also rose marginally to 0.2%, supporting growing optimism over the economic recovery.

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UBS forecasts for the U.S. dollar

Posted by admin on October 13th, 2009

The dollar, which fell this year to the main 16 countries – trade partners of the United States, in the next 3 months will strengthen against the euro, Aoussa, New Zealand dollar is not as strong as analysts expected in the previous forecast.According to the forecast UBS, the euro to the dollar amount to 1.40, the Australian dollar to 80 cents, to New Zealand dollar 65 cents. Dollar / Swiss franc amount to 1.09 to 1.12 Canadian dollar? analysts say. According to the previous forecast of UBS, prospects for the euro / dollar was estimated as 1.35, Aoussa 75 cents, the New Zealand dollar 60 cents, the Canadian dollar exchange rate forecasts of 1.18, the Swiss franc 1,13.

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Euro posts gains against the US dollar as risk appetite ushers investors into high-yielding currencies

Posted by admin on October 13th, 2009

The single currency recovered some of the losses it incurred on Friday, gaining over half a cent against the greenback as risk appetite in the market strengthened.Rallying equities yesterday, which have been boosted by stronger commodity prices and optimism about the US corporate earnings season, also buoyed support for the euro, allowing it to briefly trade over 1.48. Analysts also noted that while in other nations future policy remains hazy, the single currency benefited from a clearer outlook for monetary policy in the eurozone. Additionally, comments from the president of the St Louis Federal Reserve that the US economy faced risks from rising inflation, stoked speculation that US interest rates might rise sooner than had been expected, but investors remained bold in their exposure to risk, continuing to sell the dollar.

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Single currency pushed higher vs the dollar, which came under heavy selling pressure

Posted by admin on October 7th, 2009

The single currency made strong gains yesterday as the dollar came under pressure about its future status as the chief currency used in oil trades.The single currency broached two week highs as a report came through that Arab States were in secret discussion to find alternatives to using the dollar in oil trades. Major oil-producing countries have denied the report, but markets reacted strongly to the news, which has added fuel to arguments that the US currency’s global status is coming under pressure. Analysts noted that the dollar’s sharp fall was a good example of poor sentiment toward the US currency being vulnerable to speculative selling.

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The euro posted gains against the US dollar on Friday and has reached back over 1.46 this morning

Posted by admin on October 5th, 2009

The single currency shrugged off worse-than-expected US non-farm payrolls data to post gains, closing up 0.2% at 1.4574.Date revealed that the US economy lost 263,000 jobs in September, which was more than had been expected, according to official non-farm payrolls figures. The Labor Department revealed that US unemployment rate rose to 9.8%, fueling fears that the labour market could undermine economic recovery. The euro initially dropped sharply to a three-week low of 1.4485 on the release of the U.S. payrolls report, as investors were encouraged to the relative safety of the greenback.

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Some Basics of Forex Trading

Posted by Tushar Mathur on October 4th, 2009

If you are new into the Forex trading and want to gain some quick knowledge on the Forex trading then in that case here are some basics to help people like you. The Forex market is somewhat different than other markets and one need not open for the market to open. The reason being somewhere on the globe its morning and thus the market is in swing there, unlike the stock market so you have a 24/7 exposure to the market. Under mentioned are some of the market timings.

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The euro slid sharply against the dollar yesterday, weighed down by a rise in risk aversion

Posted by admin on October 2nd, 2009

The dollar rallied against the single currency yesterday after a run of disappointing manufacturing data left investors unwilling to take on risk.The single currency took a sharp downward turn, weighed down by comments from a top European official who expressed concern about the value of the euro. He said that European finance ministers would discuss the single currency’s recent appreciation at the G7 meeting this weekend. Waning risk appetite amid a mixed batch of US economic data also prompted investors to seek the perceived safety of the greenback. Data yesterday showed US initial jobless claims rose in the latest week, a reminder that the labour market is far from stable.

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Dovish words from the ECB president dragged the euro lower against the dollar yesterday

Posted by admin on September 29th, 2009

Talk of a slow recovery in the eurozone strengthened demand for the dollar yesterday allowing it to recover 0.5% to 1.4618.Support for the single currency was curbed slightly following the words of European Central Bank President Trichet, who spoke yesterday of a slow recovery in the 16-nation region. The governing council of the ECB considers that it would be premature to declare the crisis over, stating that now was not the time to implement an exit strategy. Additionally, analysts have said that on the whole, although the euro / dollar price is biased to the upside in the medium term, the single currency is now being challenged by corrective weakness.

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The euro made ground against the dollar on Friday, but has relinquished its gains this morning

Posted by admin on September 28th, 2009

The euro made gains on Friday, following a two day slide, buoyed by improving economic data in the US, and closing at 1.4689. The single currency initially lost ground against the greenback as poor data on US core durable goods orders initiated a slight dollar rally. However, the euro erased early losses after data showed US consumer sentiment improved in September while sales of US homes edged higher in August. Consumer sentiment rose to its highest point since February 2008, supporting a rise in stock indices, which picked up from earlier losses, adding further support to the euro’s rise.

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Euro lost ground vs the dollar following an easing in risk appetite

Posted by admin on September 25th, 2009

The greenback continued to rally against the single currency yesterday, buoyed by a rise in risk aversion, to close the day at 1.4660. The dollar was under pressure yesterday after Wednesday night’s Federal Reserve meeting left investors with the message that US interest rates will remain very low for a long time.The euro also made gains against the dollar as the German Ifo Business climate survey rose to its highest level in a year in September, though it did undershoot forecasts of a stronger advance.However, the US dollar turned higher in the afternoon, after a report showed that sales of existing homes in America unexpectedly dropped in August, the first decline in five months.The euro also erased gains after major central banks, including the Fed, announced they were scaling back some emergency lending facilities.These gains were added to as US stocks turned negative in the afternoon, which further eased risk appetite in the market.This morning, the euro has recouped some of its losses after a statement from the G20 encouraged speculators to sell the low-yielding greenback.

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