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Day: May 18, 2010
May 182010
Dollar Rises Against Euro & Pound, Falls vs. Yen
The U.S. dollar rose today against the euro and the Great Britain pound on the speculation that the fiscal crisis in the Euro-zone will boost demand for the long-term U.S. financial assets; the U.S. currency dropped against the Japanese yen as the unfavorable reports diminished the optimism for the U.S. economic recovery. The diversification resulted in the depreciation in the previous year, causing concern that the greenback will lose its status of the safe currency. With the debt crisis raging across Europe […]
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May 182010
Rand Strengthens on Prospect for Favorable Outcome of EU Crisis
The South African rand rose today against the U.S. dollar, the second day of gains after the currency tumbled previously, after the EU leaders ensured that the budget cuts won’t bring the European economy down, causing the risk appetite to return; later the rand declined and currently trades near its opening level. The planned budget cuts are required only from the countries with the significant debts such as Portugal and Spain, while […]
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May 182010
EU Crisis Saps Brazilian Real of Its Strength
The Brazilian real slid today as the widening crisis in the European Union caused pessimistic outlook for the global economic recovery and made the investors’ sentiment shift towards the risk aversion. The concern about the possible decreasing quality of the banks’ bonds holdings in the debt-laden countries caused the borrowing costs to increase. The yield on January contracts dropped 0.02 percentage point to 11.06 percent. EUR/BRL traded near 2.2332 today as of 10:15 GMT after opening at 2.2301. USD/BRL […]
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May 182010
Advanced Forex Trade Journal
I’ve already written about the trade journal and its application in Forex trading a year ago. Since then I’ve been using the journal extensively myself and I saw many disadvantages in it that could be fixed. I won’t be going far into saying how important it is to have a trade journal even if you have some perfect Forex system; I believe that to the most traders it’s quite […]
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May 182010
EUR/USD Rising on Unfavorable U.S. Data
EUR/USD rose today for a second day after EU leaders promised that budget cut won’t destroy the economy of the Euro-zone and on unfavorable changes in producer price index and building permits. The reports suggested that the economic recovery in the U.S. may be slower. The European policy maker explained that planned budget cuts should be only perfomed in most indebted countires, no in the whole region. EUR/USD trades currently at 1.2422 Producer […]
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May 182010
Australian Dollar’s Appreciation May be Slowed
The Australian dollar declined as the minutes of the central bank policy makers’ meeting suggested that there will be the pause on the increase of the interest rate and as the global markets remain sluggish because of the European debt crisis. The Reserve Bank of Australia may keep the interest rates at the current 4.5 percent level as the policy makers think that the borrowing costs are at the average level. As the investors are attracted to the region by the high interest rates the pause on the increase […]
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