Forex Wrap – Australian Dollar Strengthens 7 July 2010 Higher risk currencies saw some strength overnight, with speculation the Federal Reserve will keep US interest rates near zero weighing on the greenback. Although the RBA left interest rates on hold yesterday, the Australian dollar gained 1.3% to 74.63 yen, and strengthened 1.6% to 85.27 [...]
FX News Australian Dollar Update
July 6, 2010 By Leave a Comment
Forex Update 5 July 2010 Global markets were mixed throughout the last international session for the week, with gains capped by a bigger-than-expected decline in US non-farm payrolls. The euro and pound made tentative gains of less than half a percent against the safety currencies – the yen and the US dollar. However, commodity currencies [...]
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 Rates News Euro Gains on Latest Measures
June 17, 2010 By Leave a Comment
Exchange Rates News – Euro Gains on Latest Measures 16 June 2010 Higher risk currencies strengthened overnight as concerns about the European debt crisis lessened. The euro zone saw a reprieve after Spain’s successful debt auction and after the European Commission noted Germany, Spain, Portugal and nine other European Union governments are set to reach [...]
Forex Update Euro Banks Bailing?
June 3, 2010 By Leave a Comment
Forex Update Euro Banks Bailing? 2 June 2010 European debt fears were again a focus in the overnight session, with market-watchers concerned the euro may decline to a November 2005 low. Mounting writedowns for European banks and efforts to slash budget deficits are being seen as major stumbling blocks for a European recovery. The euro [...]
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 [...]
Forex Wrap Euro U Turn
May 25, 2010 By Leave a Comment
Forex Wrap – Euro u-turn 24 May 2010 After a volatile week, the Euro finished Friday’s international currency session mostly stronger and headed towards its first weekly gain against the greenback in six weeks. A task force of European finance minister met in Brussels on Friday, looking to support tougher sanctions against European Union rule [...]
Forex Wrap Euro Still in Spotlight
May 18, 2010 By Leave a Comment
Forex Wrap 17 May 2010 The euro plunged on Friday night amidst concerns that European measures to reduce fiscal deficits will undermine the region’s economic recovery. The euro weakened after the European Central Bank President called for a massive change in the way euro-area nations set their budgets. The suffering 16-nation currency finished the last [...]
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 [...]