Day: September 24, 2013

September 24
2013

New Zealand Dollar Retreats, Traders Near Pre-Fed Level

The New Zealand dollar slid sharply today as the market sentiment worsened, sending the currency to the level at which it has traded before the no-tampering decision of the Federal Reserve. The worsening risk sentiment hurt global stocks. The Standard and Poor’s 500 Index dropped 0.5 percent and the MSCI Asia Pacific Index of stocks went 0.6 percent yesterday. Some analysts say that the drop of the New Zealand currency will be short-lived, but […]

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September 24
2013

Canadian Dollar Gets Boost from Retail Sales Data

Canadian dollar is getting a bit of a boost today from the latest retail sales data. While the loonie is struggling against some its major counterparts, overall, the Canadian dollar is seeing improvement today. Gains are somewhat limited, though, as commodity currencies face the reality of falling gold and oil prices. Loonie saw a small boost earlier today as retail sales data helped the currency against many if […]

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September 24
2013

Japanese Yen Retains Strength; More Stimulus Expected Later

Japanese yen is higher today, strengthening as Asian stocks weaken, and as Forex traders await more signs of stimulus from the Bank of Japan. While yen weakness is likely for the future, right now the currency is showing strength against its major counterparts. Japanese yen is showing strength today, weighing on Japanese stocks, whose shares are dropping. Over all, Japanese stocks are turning in a relatively strong […]

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September 24
2013

Franc Weakens as Jordan Reiterates Necessity of Currency Cap

The Swiss franc fell today after Swiss National Bank President Thomas Jordan yet again reminded about necessity to keep the currency ceiling as a measure to protect the economy. Jordan said yesterday: The cap was set at a level at which the franc was still highly valued. Today the franc is still a highly valued currency. The cap remains an indispensable tool of our monetary policy to limit downside risks. He also explained […]

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September 24
2013

Role of Bitcoin in Forex Trading

Bitcoin has been making its way to the mainstream news media since April this year when its price has jumped by almost 1000% in several days. From then on, its popularity in various areas of online life began to grow rapidly. With Bitcoin being a sort of currency and a payment method at the same time, it basically has two ways of being connected to Forex market — as a deposit/withdrawal payment method […]

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September 24
2013

EUR/USD Fluctuates amid Uncertainty on Forex Market

EUR/USD fluctuated today amid uncertainty about potential quantitative easing tampering from the US Federal Reserve and economic recovery in Europe. German business climate was worse than expected. (Event A on the chart.) At the same time, US data was rather poor too, adding to doubts about QE reduction. S&P/Case-Shiller home price index rose 12.4% in July, year-on-year, in line with forecasts. The June increase was at 12.1%. The index […]

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