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Day: March 1, 2012
March 12012
Aussie Looking for Support in Forex Trading
Australian dollar has been trading choppily today, but right now the Down Under currency is making some progress as general risk appetite returns to the currency market. Right now, Forex traders are looking for yields as better economic data takes center stage. Aussie has overcome earlier losses to trade high against most major currencies. Yesterday, risk appetite was disappointed with Federal Reserve […]
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March 12012
Japanese Yen Mostly Lower
Japanese yen is mostly lower today, thanks in large part to the asset buying program from the Bank of Japan from earlier this month. Stocks have been bolstered by the easing in Japan and Europe, and that has reduced the need for safe haven, sending the yen lower. With the Nikkei above 9,700, there are indications that some Japanese exporters are ready to earn. A weaker yen is better for exporters, giving […]
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March 12012
EUR/USD Fluctuates, US Fundamentals Worse Than Expected
EUR/USD was falling today, but attempted to rally after the set of poor economic report from the United States was released. The attempt failed so far. Almost all US fundamental data was worse than anticipated by analysts. One notable exception was unemployments claims that stayed almost unchanged for the second week, letting economists believe that employment reports will be good this month. Initial […]
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