Aussie is getting a boost today, amidst concerns plaguing other currencies around the world. Australian dollar is moving higher, with a little help from higher gold prices, as well as comparisons to other currencies. Right now, there is a lot of uncertainty surrounding some of the major currencies. Aussie is heading higher against all of these currencies today, as economic concerns take precedences. Australian dollar is higher […]
Read moreThe Swedish krona climbed today against most major currencies after a report showed that confidence on Swedish households improved this month, reducing probability of a next interest rate cut by the nation’s central bank. The National Institute of Economic Research reported that the consumer confidence index increased from zero in March to 4.7 in April and also said that confidence is expected to continue improve. The data followed the report two days ago […]
Read moreEuro is struggling this morning, thanks in large part to weak sentiment data. Losses have been limited, though, by the information out of the United States about what could happen next with the Federal Reserve. As a result, the euro is hovering around the level of its open, and struggling to move much higher. Earlier, the euro got a solid boost from the announcement from the Federal Reserve that bond buying was an option […]
Read moreThe Great Britain pound rose today against the US dollar after a report showed that confidence of Britons unexpectedly improved last month, muting speculations about quantitative easing from the Bank of England. The currency was down against the Japanese yen. Nationwide Building Society reported that the index of consumer confidence rose to 53 in March from 44 in February. The median forecast was 42. The report warned that the improvement of sentiment […]
Read moreEUR/USD rose today for the third day even as fears that other European countries would follow Greece in requesting a bailout returned to Forex market. US jobless claims remained stable, while pending home sales climbed to the two-year record. Initial jobless claims were little changed at 388k last week from the previous week’s figure of 389k. Traders hoped that claims would drop to 374k. (Event A on the chart.) Pending […]
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