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Day: October 22, 2012
October 222012
Aussie Posts Mixed Results Ahead of Inflation Data
The Australian dollar was little changed against its US counterpart today, fell against the euro and climbed versus the Japanese yen. Economists are worried that tomorrow’s report will show Australia’s inflation sliding to the slowest growth in 13 years. Analysts predict that the Australian Consumer Price Index will be at 2.2 percent on an annual basis. That would be near 2.0 percent of the previous quarter, which was […]
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October 222012
Euro Rallies as Rajoy’s Party Wins Elections in Galicia
The euro move higher today after Prime Minister Mariano Rajoyâs Peopleâs Party won the regional elections in Rajoy’s home region yesterday. The currency still remains in danger amid uncertainty about the Spanish bailout. Rajoy’s People’s Party won the elections in Galicia. That was considered as a vote of confidence in the Prime Minister’s austerity program. In the Basque Country, the Basque Nationalist Party won the majority, followed by Bildu, which is also a nationalist […]
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October 222012
Loonie Struggles against other Majors
Canadian dollar is struggling a bit today, heading lower against other major currencies. Loonie is struggling a bit on uncertainty about what the Bank of Canada will decide, as well as being affected by slipping oil prices. Uncertainty about what’s next for the Bank of Canada is weighing on the loonie a little bit today. Many expect the central bank to hold rates stead at 1 per cent. However, many Forex traders […]
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October 222012
US Dollar Eases on Optimism and Increased Risk Appetite
The US dollar is easing today, losing a little ground as optimism about the eurozone returens to the currency market. Risk appetite is on the rise again, and high beta currencies are getting a bit of a boost as the US dollar loses ground. A lot of the optimism is coming in the form of reduced concerns about the eurozone. Once again, there are expectations for a Spanish bailout. Regional elections in Spain have many thinking that the political climate […]
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October 222012
Yen Slides as Poor Report Leads to Intervention Speculations
The Japanese yen slumped today after poor macroeconomic data spurred speculations that the Bank of Japan will intervene yet again to weaken the currency. The central bank has been indicating for a long time that the strong currency is dangerous for the economy. Japan’s exports rose just 0.9 percent in September from August, significantly trailing imports that increased as much as 10.0 percent. That led to an increase of the trading deficit from […]
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October 222012
Two Approaches to Trading
From what I have read in books and observed myself in the FX trading community, there are two types of traders: those who treat the market as an entity that must fulfill their goals and those who view it as something almost random with unavoidable periods of losses. The first group often mentions military terms in their description of trading process — they battle with the market to reach their goals. Usually, they […]
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