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Day: November 25, 2013
November 252013
Dollar Outlook: Thin Trading, Mixed Behavior
The US dollar demonstrated mixed performance in the previous week. Analysts think that the same may happen this week too. On one hand, the minutes of the latest Federal Reserve monetary policy meeting made Forex traders believe that the Fed may tamper stimulus in December after all. On the other, this week is poor on macroeconomic news, meaning that there likely will not be any additional evidences supporting […]
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November 252013
Australian Dollar Battles Adverse Fundamentals
The Australian dollar was flat against its US peer and rose versus the Japanese yen. The general positive market sentiment helped the currency to battle negative domestic fundamentals. The Australian currency was under pressure ahead of tomorrow’s speech of Reserve Bank of Australia Deputy Governor Philip Lowe. Traders were worried about potential interest rate cut as well as prospects for intervention from the central bank. Yet the risk-positive sentiment, caused […]
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November 252013
CAD Lower vs. USD on Oil Prices, Stronger vs. EUR & JPY
The Canadian dollar fell against its US counterpart today as crude oil prices dropped. At the same time, the currency strengthened versus the euro and the Japanese yen. Crude oil slumped today as much as 0.92 percent to $93.97 per barrel in New York. The prices were down because of the agreement about the Iranian nuclear program. The deal resulted in risk appetite on the Forex market and this would usually be helpful for the Canadian currency. But […]
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November 252013
UK Pound Pulls Back on Housing Price Bubble Worries
The latest housing data in the United Kingdom sees home prices heading a little bit higher. However, there are worries that housing prices could be heading into bubble, and that is weighing on the pound a bit. Additionally, there might be some correction in the works, since the pound has performed quite well over the past six months. UK housing prices are showing some degree of strength, but […]
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November 252013
Euro Hits the Brakes After ECB Rate Cut Comments
Euro has been doing reasonably well recently, thanks to a bit of risk-on trading and some optimism. Now, though, the brakes have been applied. Euro is losing ground as comments from an ECB board member indicates that another rate cut could be on the way. ECB Governing Council member Ardo Hansson made comments about interest rates, and said that the ECB is considering the possibility of negative deposit […]
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November 252013
Political Protests Make Thai Baht Less Appealing
The Thai baht slipped today as political tension was mounting in Thailand and people were protesting against the current government, demanding the Prime Minister to step down. More than 100,000 people went out on protests in order to topple the government. Suthep Thaugsuban, a former member of the largest opposition party, announced: We will not stop even if she dissolves parliament or resigns. We will create a real democracy with the king […]
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November 252013
Yen Weaker on Iranian Deal
The Japanese yen fell today as deal was reached about the Iranian nuclear program, allowing the Middle Eastern country to enrich uranium for peaceful purposes. Iran agreed to limit is nuclear program, allowing the country to use it for energy purposes, but preventing creation of atomic weapons. In exchange, Iran asked to lift sanctions on nation’s exports. The deal was welcomed by the Forex market participants, who felt less need for safety and, […]
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