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Day: January 11, 2012
January 112012
Japanese Yen Gains Against Euro, Pound
Japanese yen is gaining against the euro and the pound today, thanks to renewed fears about what’s next for Europe. Yen is lower against the US dollar, though, thanks in part to the re-emergence of the trade deficit in Japan. As long as concerns about Europe, and the banking industry, remain, yen is likely to find some strength against European currencies. Japanese yen has long been considered a safe haven currency. It is […]
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January 112012
Pound Lower on Trade Balance & Monetary Easing Speculation
The Great Britain pound went down today after trade balance deficit widened retail price inflation slowed. The sterling also weakened on speculation that the Bank of England will add stimulus. Seasonally adjusted trade deficit rose to £8.6 billion in November from £7.9 billion in October. The shop price index of British Retail Consortium fell to 1.7% in December from 2.0% in November. There are talks that the BoE may […]
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January 112012
Euro Down on Fitch Comments
The euro declined today after Fitch Ratings spoke about possible worsening of Europe’s credit crisis and potential disintegration of the eurozone. Fitch said the European Central Bank should ramp up its bond purchases, otherwise the euro risks collapsing. A report tomorrow is expected to show a 0.2 percent decline of eurozone industrial production. The ECB will hold a monetary policy meeting tomorrow. Analysts expect it to keep the main interest […]
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January 112012
Canadian Dollar Losing Momentum on Risk Aversion
Earlier, the Canadian dollar was gaining on the demand for riskier assets. Yesterday’s demand for higher yielding assets helped the loonie gain versus its counterparts. However, some of that momentum is being lost right now as a bit of risk aversion sets in. Canadian dollar has been strengthening against currencies like the euro and the Great Britain pound recently, gaining as the US economy shows signs of recovery. With 3/4 of Canada’s […]
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January 112012
Forex Hourly Statistics for Major Currency Pairs
Update 2012-01-21: It looks like there was a major error in the MetaQuotes hourly data for the currency pairs. The first several years of data was only one hour per day, and that day was 00:00 server time or exactly 23:00 GMT. That’s why there was such a high peak in the last day’s hour average bar. I am now updating all the pictures and the respective descriptions to fit the real market […]
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