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Day: October 25, 2010
October 252010
Yen Continues to Strengthen, Intervention May Be Possible
The Japanese yen continued to rise today as the Group of Twenty meeting last week hasn’t provided decision, which could change the behavior of the currencies. The Bank of Japan confirmed its readiness to intervene in order to weaken the currency for protection of the nation’s exporters. Japan’s companies already reported the earnings, which declined because of the stronger yen. The analysts think the central bank wouldn’t intervene in the near term, attempting to gauge the influence of the strong currency on the economy before […]
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October 252010
Australian Dollar Rises with Higher PPI
The Australian dollar rose today after the report showed the Producer Price Index rose more than forecast in the third quarter. The Australian Producer Price Index (PPI) advanced from 0.3 percent to 1.3 percent in the third quarter of this year. The traders expected more moderate growth by 0.6 percent. The Australian dollar also rose as the report this weak expected to show that the inflation accelerated. AUD/USD advanced from 0.9846 to 0.9949 […]
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October 252010
Role of Luck in Forex Trading — Forex Poll
The markets (and Forex market in particular) are affected by three major categories: Fundamental factors — supply and demand, interest rates and macroeconomic indicators; Technical factors — supports and resistances, trends, chart patterns and waves; Emotional factors — risk aversion, round number attractors, subconscious biases. Despite this, the resulting market behavior is quite random and there are no surefire methods to predict this behavior. Trading isn’t an exact science and as the result, […]
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October 252010
Dollar Falls After G-20 Meeting
The US dollar slumped today as the G-20 meeting failed to provided any reasonable plan on how to avoid the competitive devaluation of the currencies across the world, fueling the speculation about future quantitative easing by the Federal Reserve. While the problem of the “currency wars” was discussed on the meeting, the participants haven’t decided on any actual measures to prevent forceful weakening of the currencies of the various countries. Japan announced that it’s ready to prevent any excessive gains of its […]
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