Foreign Exchange News 30 June 2010 The overnight session was dominated by safety currencies, with the greenback and yen climbing on dismal signs for the US and Chinese economies. A slump in US consumer confidence saw the yen was close to an eight-week high against the greenback, which itself was still stronger than riskier 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 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 [...]
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, [...]
Exchange Rate Update Safety Back in Style
April 23, 2010 By Leave a Comment
22 April 2010 The euro was again a sufferer in the overnight session as fears over Europe’s economy refused to go away. The euro exchange rate slid 0.4% to 124.78 yen and dropped 0.3% to US$1.3389. Unlike the prior session, the yen emerged as a safety currency of choice as investors shied away from higher-risk [...]