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Day: January 10, 2012
January 102012
US Dollar Mostly Lower as Risk Appetite Makes an Appearance
Risk appetite is making an appearance as investors show optimism through higher stocks. As a result, the US dollar is mostly lower against other majors today. Greenback is lower against the euro, pound and yen today. Even though the US dollar is mostly lower in Forex trading today, the difference isn’t terribly large at this point. Indeed, for the most part, major currencies have been rangebound. Even though […]
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January 102012
Europe Lifts Ringgit
The Malaysian ringgit gained today as risk appetite, spurred by positive sentiment about Europe, outweighed the negative economic report from Malaysia itself. Malaysian factory production demonstrated the lowest growth in four months in November. The negative data hasn’t deterred traders as currently positive mood prevails on markets, at least until the outcome of meetings between the leaders of the European Union and the head of the International Monetary Fund will become clear. The MSCI Asia-Pacific Index […]
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January 102012
Euro Manages to Hold On to Gains — For Now
Euro is managing to hold on to some of its gains for now. Euro saw some small success against the US dollar yesterday, and is working to keep those gains today. For now, the euro is receiving some help from European leaders, but Forex traders will need to get on board if the euro is expected to see any real advances anytime soon. Euro’s current gains come ahead of a meeting […]
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January 102012
JPY Drops vs. EUR
The Japanese yen dropped today against the euro as Germany’s leader meets the head of the International Monetary Fund to discuss the ongoing issues of the European Union and possible ways to resolve the credit problems. Angela Merkel, German Chancellor, meets Christine Lagarde, Managing Director of the IMF, in Berlin today. Merkel explained that Greece will be the main theme of the discussion. Analysts said that short-covering made the euro strong against other currencies, particularly […]
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January 102012
EUR/USD Rises for Second Day
EUR/USD advanced for the second day today as German Chancellor Angela Merkel meets with the head of the International Monetary Fund in Berlin today, following the meeting with the French President yesterday. The meetings spurred risk appetite among investors, deterring pessimist from continuing sell-off. In the meantime, the US economy continued to show signs of recovery. Wholesale inventories rose only 0.1% in November, compared to the October figure of 1.2% (revised down from 1.6%). […]
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