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Day: September 29, 2009
September 292009
Global Pessimism Pulls Down Brazilian Real
The Brazilian currency has been very influenced by international sentiment regarding global economic conditions this year, due to Brazil’s commodity exporter profile, and today, as pessimism rose, the real declined slightly versus most of the 6 main traded currencies. The Brazilian real has managed to be the best performing currency among emergent markets climbing almost 30 percent this year versus the U.S. dollar and also posting massive gains […]
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September 292009
Interest Rates Speculations Force Aussie Up
The Australian dollar has been ranking among the top 5 best performing currencies since the global economy started to give signs of recovering, and speculations regarding interest rate hikes provided support for the Aussie to gain versus all six main traded currencies this Tuesday. Speculations regarding an eventual interest rate hike in Australia provided support for the Aussie to climb for a third day in a row, setting the South Pacific currency to the highest rate […]
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September 292009
Recession Concerns Provide Support for Dollar
The U.S. currency rebounded this week from a twelve-month low versus the euro and several other currencies as concerns regarding the global economic situations reappeared today, increasing risk aversion and consequently helping the greenback to gain in foreign-exchange markets. Toyoo Gyohten, a former currency official with influence in the Japanese government affirmed today that the U.S. dollar should remain as the global reserve currency, helping the dollar to gain in a pessimistic scenario that increased […]
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September 292009
Interview with Azurite Markets
I am always open to interviewing Forex brokers and other interesting Forex companies. I believe that the readers of this blog are very interested in hearing about Forex trading from the people that form the industry as we trade. Last week, a Director and Vice President of Azurite Markets, Adam D. Neal, contacted me asking if I would be willing to do an interview with him. Of course, I agreed and now I can offer […]
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September 292009
EUR/USD Declines Despite Increased House Prices
EUR/USD continued to fall today in the Forex market despite the optimistic stock market conditions and good housing report. It’s either that the euro is losing its attractiveness to the global investors or the greenback is beginning to really benefit from the better prospects for the U.S. economy. EUR/USD is currently trading near 1.4537. S&P/Case-Shiller Home Price index (seasonally-adjusted) grew for a second month in a row in July 2009. The index went up from […]
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September 292009
Canadian Dollar Rebounds on Equities
After a shift in the outlook for the Canadian currency which had been losing significantly since it touched a one-year high last week versus the greenback, optimism in equities markets gave a breather for the Canadian currency to climb. A combination of two positive factors influenced the Canadian currency performance as stocks rebounded globally, increasing risk appetite and helping the loonie to gain after several days of consecutive losses, attracting traders willing to bet in a rebound for the Canadian […]
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September 292009
Brazilian Real Rallies on Growth Forecast
After renewed expectations for growth in South America’s wealthiest country, the real found support to extend its gains and remain one of the best performing currencies this year so far, as international investments are expected to grow in 2010. Brazilian economists suggested through a survey today that national economic growth may be around 4.5 percent for the next year, a higher value from previous expectations, fact which helped to real […]
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