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Day: November 28, 2011
November 282011
Aussie Rallies as Traders Again Favor Risk
The Australian dollar advanced today as risk appetite returned to the Forex market, increasing the attractiveness of the currencies with higher-yield. The impressive Thanksgiving sales in the United States and the improving sentiment about the situation in the European Union returned to FX market participants willingness to risk. It’s hard to predict how long such positive mood would hold, but for now currencies related to growth and commodities profited from the improving outlook and the Australian currency was among […]
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November 282011
Japanese Yen Lower as Traders Look for High Yielders
Japanese yen is lower today as Forex traders look for high yielders as risk appetite improves. Indeed, risk appetite is the story as the Dow surges on holiday shopping news. Black Friday was a huge retail success as consumers came out in force. On top of that, retailers are expected to get a boost as Cyber Monday sales are expected to break online shopping records. The Dow is up more than 300 […]
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November 282011
US Dollar Falls Back as Risk Appetite Returns on Holiday Shopping
US dollar is heading lower on the Forex market today as risk appetite returns. Last week was all about eurozone weakness and sovereign debt struggles. This week is all about holiday shopping. Indeed, Black Friday ended up being a huge success, and Cyber Monday sales are expected to exceed $1.2 billion. The holiday season shopping frenzy is providing a boost to equity markets, and resulting in risk […]
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November 282011
NZ Dollar Climbs as Key Wins Elections
The New Zealand dollar jumped today against all other most-traded currencies after the nation’s Prime Minister was reelected with his party, spurring hopes that he’ll be able to improve the country’s budget balance. National Party of Prime Minister John Key won the vote with 48 percent on November 26. Key said that his objective is to return the nation’s budget to surplus by 2014–15. The Business Confidence […]
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November 282011
Rand Gains on Record US Retail Sales & Hopes for EU
The South African rand advanced today as the US retail sales demonstrated a record growth during Thanksgiving, while hopes emerged that the European Union would find a way to deal with its problems. The retail sales in the United States climbed the record 16 percent during the Thanksgiving holiday period. There are rumors that the International Monetary Fund prepared a bailout in case Italy would be threatened by the debt crisis, but […]
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