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Day: April 23, 2012
April 232012
Traders Shun Risk on French Elections, Loonie Weakens
The Canadian dollar fell against the US dollar and the Japanese yen today on concerns about the French elections. The currency trimmed its losses, but remains below the opening price for now. The loonie rose versus the euro. Risk aversion prevails in the Forex market today as the presidential elections in France make investors concerned about the futures of the eurozone. There are also plenty of other reasons to worry about Europe, but France is currently […]
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April 232012
US Dollar Gains on Safe Haven Demand
US dollar is gaining today on the Forex market as traders look for safe haven. Uncertainty is causing problems, and that is prompting traders to look to capital preservation and stability. Greenback is backed by the most stable taxpayer base in the world, so it’s no surprise that it is on the rise today. For the most part, US dollar is higher as traders express uncertainty about what is happening in Europe. European […]
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April 232012
Japanese Government Stands Ready to Intervene to Keep Yen Weak
The Japanese government continues to make it clear that it is ready to intervene in the currency markets in order to keep the yen weak against other currencies. Once again, as concerns about the global economy surface, and as risk aversion sets in, the Japanese yen is gaining strength. This state of affairs is undesirable, and Japanese policymakers insist they are ready to intervene to weaken the yen if need be. Indeed, over […]
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April 232012
Australian Dollar Sinks on Falling PPI
The Australian dollar slumped today as the unexpected decline of producer prices in the first quarter of this year led to speculation that Australia’s central bank will decrease its interest rates on the next monetary policy meeting. The government report showed today that Australia’s Producer Price Index fell 0.3 percent in the first quarter of 2012 from the previous three months. The report frustrated analysts who anticipated the index to accelerate from 0.3 […]
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April 232012
Euro Down on PMI, Concerns About French Elections
The euro was down today on concerns about the outcome of the presidential elections in France. The report that showed the manufacturing index falling to the lowest level in almost three years also had its negative impact on the currency. Socialist Francois Hollande won the first round of elections, while incumbent President Nicolas Sarkozy was the second. The anti-euro far-right National Front, led by Marine Le Pen, was third, showing that resentment against […]
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April 232012
Trade for Yourself or Trade for Others?
The modern Forex market offers a great opportunity for everyone to try out an independent lifestyle and become self-employed as a trader. The potential freedom — both financial and temporal — is perceived as one of the most important advantages of currency trading. At the same time, many traders become fund managers, trading not only with their own money, but also risking others’ capital, taking additional responsibilities. The lack of own funds is a common reason […]
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