Forex Update – Aussie dollar flies, Yen pressure mounts 15 September 2010 The overnight international session was a lacklustre one for the US and UK markets, though higher-risk currencies managed some gains against the greenback. The euro exchange rate was stronger against the yen and the US dollar, whilst the pound, Kiwi and the Aussie [...]
FX News US Dollar Down
June 29, 2010 By Leave a Comment
FX News – Green ain’t good 28 June 2010 Friday’s overnight international session saw the US dollar facing difficulty alongside the Dow. Pessimism resulted from negative economic data – such as manufactured durable goods – which caused investors to dump the US dollar in favor of alternatives. The US dollar finished the session down 0.4% [...]
Exchange Rate News Euro U-Turn
June 15, 2010 By Leave a Comment
Exchange Rate News 11 June 2010 Risk returned last night as the yo-yo that is market sentiment swung towards hopes for a global economic recovery. The euro set its eyes for its first weekly advance in three on speculation Europe’s debt problems won’t derail global economic growth. A report showed that the European crisis has [...]
Hungary: New Danger Zone?
June 8, 2010 By Leave a Comment
Hungary: New Danger Zone? 7 June 2010 US markets saw a sharp sell-off on Friday, with the Dow Jones Industrial Average sliding more than 300 points to close below the psychologically-important 10,000 mark. The S&P fell to its lowest level since February on Friday, not only on euro-region fears but after a US jobs report [...]
Exchange Rate News Spain Sinking?
June 1, 2010 By Leave a Comment
Exchange Rate News – Spain sinking? May 31 2010 Euro debt fears resurfaced on Friday after ratings agency Fitch slashed Spain’s rating to AA+, stating the nation’s debt burden is likely to weigh on economic growth. The euro finished Friday’s international session down 0.7% apiece to 111.76 yen and US$1.2273. Europe’s currency is now poised [...]
Forex News Euro Exchange Rate Falls Moderate
May 27, 2010 By Leave a Comment
Forex News 26 May 2010 The euro slipped slightly against the safety currencies overnight as concerns over Europe’s debt crisis continued to worry investors. The currency dropped ahead of reports slated to show a fall in German consumer confidence and French consumer spending. However, the falls overnight were not as severe as of late, as [...]
FX News Euro Fear Focus Switches to Germany
May 20, 2010 By Leave a Comment
FX News 19 May 2010 European economic fears continued to pervade overnight, but this time the focus has switched from Greece to Germany. The euro and stocks extended losses as Germany’s financial-services regulator announced a temporary ban on naked short selling and naked credit-default swaps of euro-area government bonds. The ban also applies to naked [...]
An Introduction to Forex Trading Part 2
May 14, 2010 By Leave a Comment
(In this article, we will look at the liquidity advantages of the Forex market and investigate how FX contracts operate. This article follows on from last week’s Introduction to Forex Trading: Part One. The first part of the article is available earlier in this blog.) When Swiss Air purchases a Boeing 747 Jumbo, they will [...]
An Introduction to Forex Trading Part 1
May 7, 2010 By Leave a Comment
The Australian share market comprises approximately 2% of the value of global equities. Equity market transactions account for roughly one-third of daily capital flows in financial securities around the globe. The rest is made up of predominantly foreign exchange, bonds and other credit instruments, and commodities. So, if you are only looking at Australian shares, [...]
FX Wrap 1 April 2010
April 6, 2010 By Leave a Comment
FX Wrap Safety Demand Down. The US dollar and yen exchange rate were mostly weaker overnight after the Bank of Japan’s Tankan survey added to signs the global recovery is gaining momentum. This dampened demand for safer currencies and bolstered riskier currencies. The euro exchange rate climbed 1.4% to 126.23 yen and gained 0.6% to [...]