Day: September 29, 2011

September 29
2011

Risk Appetite Appears, Helping Euro in Forex Trading

Risk appetite is making an appearance today, helping the euro in Forex trading as investors look for better yields. Unexpectedly good news has many Forex traders considering that things might start turning around — and this is helping the euro right now. One of the biggest supports for the euro is that German parliament voted to support the euro bailout fund. With a little more support for the EFSF, there is […]

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September 29
2011

Asian Stocks Push AUD, NZD Up

Both the Australian and the New Zealand dollars appear to be benefiting from the Asian stock market recovery, rising from the yesterday’s strong fall. Influenced by the daily growth in the Japanese and the Korean stock markets, the two currencies advanced from the lows of Wednesday today. They gained most notably against the US dollar and the Japanese yen, which are still perceived as the “safe heaven” currencies and remain unpopular during the times of the global financial optimism. […]

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September 29
2011

EUR/USD Rises, Uninfluenced by the Major Fundamentals

The dollar declined against the euro today mainly due to increased optimism of the market participants. The EUR/USD currency pair rose during the the first half of the trading sessions, along with the Asian and European stock markets. Some USD-positive important macroeconomic releases came almost unnoticed by the FX market today. US GDP increased at the annual rate of 1.3% during the second quarter of 2011 according to the third estimate report released today. According to the second […]

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