Posts Tagged ‘Optimism’

Real Rebounds on Brazilian Stock Market

Posted by admin on January 18th, 2010

After a week of losses versus most of the main traded currencies in foreign-exchange markets, the Brazilian real advanced today fueled by a positive performance in commodities and equities markets. The Brazilian real gained today versus the yen and the U.S. dollar as demand for commodities and optimism regarding the nation’s economy allowed the South American currency to revert a negative trend that lasted five consecutive days. A great sum of capital inflows to Brazilian stocks also influenced on the good performance of the real this Monday. USD/BRL traded at 1.7661 as of 19:54 GMT from an opening rate of 1.7715.

Click to continue reading “Real Rebounds on Brazilian Stock Market”

Posted in News Comments Off

Pound Climbs on House Prices, Optimism

Posted by admin on January 18th, 2010

The U.K. currency profited today from an increase in the nation’s house prices, fueling even further speculations that the recession might be ending in Britain, attracting investors to purchase pound-priced assets in a day of bullish equities markets in London. In a day of predominant risk appetite as commodities and equities advanced in the U.K., the pound profited from an optimistic scenario in the country as Rightmove Plc, a leading British real estate website, indicated that house prices increased last month, adding evidences for speculations that Bank of England’s current asset purchase program may expire next month and not be extended further, which would certainly allow the pound to climb in foreign-exchange markets.

Click to continue reading “Pound Climbs on House Prices, Optimism”

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

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.

Click to continue reading “Yen Rallies on China’s Banking Policy”

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

Dollar was buoyed at the end of last week as risk appetite waned

Posted by admin on November 2nd, 2009

The greeback pulled back from its sharp sell-off on Thursday, as weak US economic data spurred a return to risk aversion.In early trading, the dollar continued to lose ground following the better-than-expected US growth data, however the GBP/USD rally was capped at 1.6600, and the UK currency pulled down steadily, eventually closing down 0.6% ay 1.6448. US markets went through losses on Friday, with financials and materials leading the path, as risk aversion returned after Thursday’s optimism, strengthening support for the greenback. On the macroeconomic front, data revealed that US consumer spending declined 0.5% in September, the largest decline since December 2008, further buoying the dollar rally.

Click to continue reading “Dollar was buoyed at the end of last week as risk appetite waned”

Posted in Other Forex Comments Off

Kiwi strenghtened broadly yesterday, but the pound has stemmed its losses in trading this morning

Posted by admin on October 30th, 2009

Better-than-expected GDP figures in the US caused risk appetite to surge across the board enabling the kiwi to post gains of over a cent against the pound.The solid GDP figure in the US renewed optimism about recovery in the global economy, prompting investors to buy higher-yielding currencies. The kiwi, which has suffered recently on a rise in risk aversion, was able to reverse losses as the positive data encouraged investors to buy up riskier assets. However, in trading this morning, the pound is recouping losses, pushing the price back near 2.27 as market participants return their thoughts to the RBNZ’s rate statement on Wednesday where they indicated that interest rates would not be raised for some time.

Posted in Other Forex Comments Off

The pound made further ground against the US dollar on Friday, buoyed by positive market sentiment

Posted by admin on October 19th, 2009

Sterling extended sharp gains against the dollar, as traders cut short pound positions after many reckoned earlier bets against the currency were overdone. Sterling found support following further upbeat comments from a BoE member concerning the quantitative easing programme. Sterling reached up to a three-week high against the dollar, peaking just below 1.64 before closing the week at $1.6353. Initially sterling trimmed its position after sterling/dollar stop-loss orders were triggered at $1.6300, but some analysts noted that the pound would continue to be supported as investors had taken up fresh long positions in sterling and were willing to hold onto them.

Click to continue reading “The pound made further ground against the US dollar on Friday, buoyed by positive market sentiment”

Posted in Other Forex Comments Off

The euphoria surrounding ruble is close to completion

Posted by admin on October 16th, 2009

Financial Analyst FxPro Alexander Kuptsikevich: This week the markets remained within the previous trends, and the second half of the week was marked by profit taking. Euro rose to 1.4966 to the dollar, however, on Thursday and Friday, growth has not continued. Two years ago, with this level pair Eur / Usd was thrown back into the six figures down for four months. This is probably inhibits players from strong buying the single currency. Broken trends in the yen and the pound, to identify profit-taking in gold.Just this week there was another significant event for Russia: Oil vybilas beyond the corridor 65-75, referring to the level of $ 78 per barrel.

Click to continue reading “The euphoria surrounding ruble is close to completion”

Posted in News Comments Off

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.

Click to continue reading “Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning”

Posted in Other Forex Comments Off

Broad dollar weakness and an increase in demand for sterling has pushed the price back near $1.63

Posted by admin on October 16th, 2009

Sterling achieved a three-week high of 1.6297 against the dollar yesterday, supported by upbeat comments about the UK economy. The pound jumped nearly three cents, or 1.8%, against the dollar on speculation that policy makers will pause their asset-purchase programme next month as the economy shows signs of recovering from the recession. The Financial Times cited Bank of England Markets Director Paul Fisher as saying that the asset purchases scheme may be paused to give the central bank the option “of doing more later.” Analysts suggested that it appeared that the Bank of England was letting it be known in more forceful terms that it is not talking the pound down any longer.

Click to continue reading “Broad dollar weakness and an increase in demand for sterling has pushed the price back near $1.63″

Posted in Other Forex Comments Off

The single currency continues to strengthen against the dollar, posting a fresh 14-month high

Posted by admin on October 15th, 2009

The dollar slid further against the euro yesterday as solid results from JP Morgan Chase and rising equities stoked optimism about an improving global economy.The euro extended its rally, hitting a fourteen-month high of 1.4943 against the greenback, boosted after data showed an acceleration in eurozone industrial output. Industrial production in eurozone rose for the fourth straight month in August, providing further evidence that the area’s economy is on track to post its first rise in gross domestic product in the third quarter since the first quarter of 2008. Pressure on the dollar was also added as every major stock market in Europe rose after New York-based bank JP Morgan Chase announced strong third-quarter earnings, adding to risk appetite.

Click to continue reading “The single currency continues to strengthen against the dollar, posting a fresh 14-month high”

Posted in Other Forex Comments Off

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.

Click to continue reading “Euro posts gains against the US dollar as risk appetite ushers investors into high-yielding currencies”

Posted in Other Forex Comments Off

Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning

Posted by admin on October 8th, 2009

The euro relinquished some of its recent gains against the greenback yesterday, with investors on the defensive ahead of the ECB rate decision today. A broadly stronger dollar was the currency of choice yesterday as investors trimmed “riskier” positions in favour of the haven currency as equities slipped into the red, easing risk appetite.The dollar also benefited after a US official said raising interest rates would not derail the US economic recovery. “Even if we were to start immediately, much time would pass before incremental increases could be considered tight or even neutral policy.Additionally analysts noted that the greenback was being supported by speculation that the dollar’s decline may have been too fast to sustain.In trading this morning, the greenback has come under pressure after Australian employment data reinforced demand for higher-yielding assets. The ECB are widely expected to announce today at 12:45BST that interest rates in the eurozone will remain at a record low of 1.0%, though the tone of the accompanying statement is likely to reflect growing optimism over the state of economic recovery in the region.

Posted in Other Forex Comments Off

A rise in aussie interest rates broadly strengthens the Australian currency

Posted by admin on October 6th, 2009

Speculation over an imminent rate rise in Australia sent the pound tumbling yesterday, losing 1.5% to close at 1.8146. The Australian dollar advanced strongly as expectations grew that the Reserve Bank of Australia would move to raise interest rates at its policy meeting. Forecasters were split evenly over whether the Reserve Bank of Australia would keep rates on hold in their meeting tomorrow or wait until November or December to raise rates by 0.25 basis points. Expectations were given a further lift as figures yesterday showed that Australian job advertisements last month rose at their fastest pace since late 2007, fuelling optimism over the country’s recovery.

Click to continue reading “A rise in aussie interest rates broadly strengthens the Australian currency”

Posted in Other Forex Comments Off
« Older Entries

Sponsors:




RSS FeedSubscribe to our RSS feed!