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Day: January 28, 2013
January 282013
Euro Lower on Profit Taking
Euro is a little lower today against the US dollar, thanks in large part to a round of profit taking from Forex traders anxious to lock in gains seen last week during the 17-nation currency’s spectacular rally. Even though the euro is lower against the US dollar today, it is still near it’s 11-month high. Even with the profit taking the euro remains relatively strong against the greenback. Optimism […]
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January 282013
US Dollar Gains on Euro Profit Taking and Pound Weakness
US dollar is gaining today as a number of factors combine to support the greenback. Euro is seeing some profit taking, and the pound is showing weakness. On top of that, there are some indications that risk aversion might be moving back into the picture. Greenback is heading higher today, gaining ground against most major currencies as the situation changes. Against the euro, the US dollar is seeing some […]
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January 282013
Swiss Franc Rises Even as Politicians Say It Should Be Weakened
The Swiss franc advanced today even as Swiss politicians said that the currency is still strong and should be weakened further. It looks like even the recent drop of the Swissie was not enough to reduce the negative impact of strong currency on the nation’s economy. The franc started its drop against the euro on January 10, paused it after reaching the lowest level since May 2011 and after a short rally resumed […]
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January 282013
Sterling Weak as Britain’s House Prices Stall
The Great Britain pound dropped today after a report showed that house prices did not grow this month after falling in the previous months. The data added to the previous signs of economic weakness in the United Kingdom. Hometrack reported that house prices did not change in January after declining the previous six months, including November and December, when prices went down 0.1 percent. The report followed last week’s data […]
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January 282013
What Are Your Forex Sympathies and Antipathies?
It is in human nature to have some personal (usually irrational) preferences. For example, many traders are sure that euro is doomed as a currency, even though the markets do not indicate that. Others believe that the US dollar is living its last years. Some Forex traders may believe that the future is with CHF or JPY and that all the bearish movement is just temporary […]
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January 282013
EUR/USD Down for the First Day in Three
EUR/USD retreated today after the two-day rally. The faster-than-expected growth of US durable goods orders increased traders’ confidence in the economy and the currency of the United States. At the same time, economists are worried that the report later this week may show an increase of the eurozone unemployment rate to the record 11.9%. Such worries weakened the euro. Durable goods orders grew as much as 4.6% in December, beating the analysts’ forecast of 1.8%. The November growth was […]
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