Yen is gaining ground right now, turning higher after earlier weakness. However, some expect that the yen will be losing ground quite soon, thanks to the victory by the LDP party in Sunday’s general election. The big news out of Japan right now is that the Liberal Democratic Party won the general election in a landslide. The victory was enough to give the LDP a super-majority in Japan’s lower house of parliament. This […]
Read moreEarlier, the Canadian dollar lost ground against the US dollar, hitting a one-week low. However, the loonie has since steadied and is now gaining ground. Better news out of the United States and higher commodity prices are helping the Canadian dollar today. Risk appetite is pushing for recognition today as the situation in the United States gets a little more hopeful. House Speaker John Boehner indicated yesterday that he is […]
Read moreGenerally, people prefer to expect an upcoming year to be at least slightly better than the current year. But “better” is a different kind of beast for the Forex traders. If you are a short-term investor and benefit from market volatility, you would want less stability in 2013. If you are a long-term currency trader, you would probably want some important shifts in international foreign exchange policies to engage in new […]
Read moreEUR/USD was flat as the week started, waiting for some news to move the currency pair. The data from the United States was much worse than expected but that did not affect the currency to a great degree. NY Empire State Index fell from -5.2 in November to -8.1 in December, frustrating analysts who have expected an advance to -0.7. (Event A on the chart.) Net foreign purchases were at $1.3 billion on October, falling […]
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