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Day: January 30, 2012
January 302012
Europe Causes Concerns, Makes Yen Preferred Currency for FX Traders
The Japanese yen jumped today amid growing concerns about a potential outcome of the European Union leaders’ meeting, especially about the uncertain future of Greece. Greece remains the main source of risk aversion on Forex market. Some economists speculate that the current bailout wouldn’t be enough to rescue the country from its credit problems. Additionally, there are rumors that EU chiefs discuss a direct intervention in the nation’s budget. Greece […]
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January 302012
Canadian Dollar Pulls Back
Canadian dollar is pulling back today, heading lower as risk appetite fades away, and as oil prices drop. Commodity currencies are struggling right now on risk aversion and a higher US dollar. It’s not surprise that the loonie is experiencing difficulties as well. Risk aversion seems to be the driving force today. Thanks to the latest news out of the eurozone, many risker currencies are lower today. Indeed, the news […]
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January 302012
US Dollar Rises as Greece Takes Center Stage
US dollar is rising as Greece once again takes center stage in the world markets. Greenback is gaining as concerns about what’s next for Greece — and the eurozone — weighs on risk currencies, especially the euro. For now, Forex traders are looking for safe haven. With worries about Greece as European leaders meet in Brussels, there are worries that an agreement about what to do about Greece will be […]
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January 302012
Turkish Lira Down Ahead of EU Summit
The Turkish lira was down today after four sessions of gains as investors preferred a cautious approach during the discussions about a Greek debt haircut, avoiding riskier assets. Today, leaders of the European Union gather at the first summit this year. Economists believe that an agreement about Greece’s debt writeoff would be achieved, but traders weren’t willing to take chances and preferred to stay away from risky currencies. The lira […]
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January 302012
Biggest One-Time Forex Profit
Last time, I’ve asked about the biggest loss encountered by you in Forex trading. That can be kind of an embarrassing thing to talk about as not many traders like sharing their failures. Now you have a chance to brag about your best success in Forex market. Although it may be argued that the information about one’s biggest one-trade profit of a trader can be helpful, FX trading […]
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January 302012
Chinese Yuan Gains as Dollar Weakens
The Chinese yuan appreciated today after the week-long holiday in China as the Federal Reserve pledged to keep interest rates low, weakening the US currency. Analysts explain that the appreciation of the Chinese currency is a result of the weaker dollar, rather than an attempt of Chinese policy makers to make the yuan stronger. The Dollar Index was down 1.7 percent last week. Economic data this week may hint at a potential stance of China regarding […]
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