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Day: February 4, 2013
February 42013
NZ Dollar Follows Commodities in Decline
The New Zealand dollar fell today against its US peer as commodities retreated amid political turmoil in the European Union. The currency also dropped versus the Japanese yen after touching the highest level since August 2008. The European political picture currently looks uncertain and that deters investors from riskier assets. The Standard & Poorâs GSCI Index, which consists of 24 commodities, declined 0.8 percent. On top of that, […]
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February 42013
CAD Rallies vs. EUR on Political Concerns, Falls vs. USD & JPY
The Canadian dollar rallied against the euro today as political turmoil in Spain undermined the strength of the shared European currency. The loonie erased its gains versus the US dollar and fell against the Japanese yen after reaching the highest level since May 2010. It looked like the situation in Europe was stabilizing, but fears unexpectedly reemerged after the corruption scandal. Newspapers reported that Spanish Prime Minister Mariano Rajoy has […]
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February 42013
Political Concerns Halt Euro Rally
Did Forex traders get too excited about the euro recently? That’s what many are wondering as political concerns halt the recent euro rally and send the 17-nation currency plunging. Political concerns in Spain and Italy, as well as speculation about the upcoming European Central Bank meeting, are weighing on the euro today. There are thoughts that maybe the euro isn’t quite ready to support its recent gains. Political instability […]
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February 42013
Aussie Fluctuates Ahead of RBA Meeting
The Australian dollar fluctuated today ahead of tomorrow’s policy meeting of the Reserve Bank of Australia. Today’s fundamental data was mixed, not giving the currency any particular direction to move. The RBA is expected to keep its monetary policy unchanged and that is supportive for the currency. Today’s reports were mixed. Inflation stayed almost unchanged at 0.3 percent and the ANZ Job Advertisements fell 0.9 percent in January. Meanwhile, building approvals […]
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February 42013
Sterling Strong Even as UK Construction Declines
The Great Britain pound remained strong today even after a report showed that Britain’s construction stayed in decline last month. The sterling advanced against the US dollar as likely the Friday’s huge drop was overdone, while rally of pound against the yen can be explained by the weakness of the Japanese currency. The Markit/CIPS UK Construction Purchasing Managers’ Index remained at 48.7 in January, unchanged at from the December’s six-month low. The reading below […]
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February 42013
Heisenberg Uncertainty Principle in Forex
Following a recent addition of a rather complex mathematical scientific paper concerning Forex trading, today, I introduce an article originating in physics or, more precisely, in econophysics. Soloviev V. from Cherkasy National University and Saptsin V. from Kremenchug National University are trying to carry the philosophy of general relativity and non-relativistic quantum mechanics to the analysis of economy. The presented e-book is called Heisenberg Uncertainty Principle and Economic Analogues of Basic Physical Quantities. […]
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