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Day: March 20, 2013
March 202013
Japanese Yen Heads Lower as Risk Appetite Returns on Cyprus News
Japanese yen is heading lower as risk appetite makes an appearance on the Forex market. The news out of Cyprus is indicating a certain level of improvement — and showing that the ECB is serious about doing whatever it takes to keep the euro whole. Earlier, the yen saw some small gains as concerns related to Cyprus prompted interest in a safe haven. Also supporting the yen was an indication of improvement in the Japanese economy. The Japan Department […]
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March 202013
Loonie Rises on Economic Data, Cyprus
Canadian dollar is on the rise today, gaining against the US dollar as better economic data is expected, and as the situation in Cyrpus eases some. Today it’s about risk-on in Forex trading, and loonie is reaping some of the benefits. For the first time in three days, the loonie is gaining ground against the greenback. Concerns about Cyprus are fading, since the European Central Bank has agreed to continue providing liquidity to Cyprus until […]
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March 202013
EUR/USD Spikes Up on FOMC Policy Meeting
After rebounding from the losses of a previous day based on some clarity in regard of the Cyprus situation, the euro posted a significant bullish spike against the US dollar following FOMC meeting minutes release. The FX market demonstrated little reaction to US oil inventories report. US crude oil inventories dropped by 1.3 million barrels last week and are still above the upper limit of the average range for this time of year. The drop […]
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