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Day: December 26, 2013
December 262013
Yen Weakness Expected to Continue in 2014
Current yen weakness is expected to continue into 2014, thanks in large part to Abenomics. With the BOJ continuing to add money to the economy, it’s not much of a surprise that the yen is likely to remain weak. During 2013, the yen was one of the worst performers of the major currencies. Yen lost more than 20 percent of its value relative to the US dollar, and it is likely to lose close to 18 percent […]
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December 262013
Hope for Economic Recovery Attracts Traders to Pound
The Great Britain pound rose today, rallying against other most-traded currencies, as traders were attracted to the UK currency because of signs of economic recovery in the United Kingdom. December 26 is a bank holiday in the UK, meaning that Britons celebrate two days in a row: Christmas and the Boxing Day. As a result, there is not much news from Britain for now. This did not prevent the sterling from rising as investors favor […]
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December 262013
Dollar Weaker After Unemployment Claims Data
The US dollar was relatively soft against the euro and the Great Britain pound today after the report about unemployment claims. The currency was flat against the Japanese yen after opening sharply higher and also traded sideways versus the Swiss franc. Initial jobless claims tumbled as much as 42,000 to 338,000 last week. The median analysts’ estimate was at 346,000. At the same time, continuing claims jumped by 46,000 to 2.92 million, reaching […]
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December 262013
Euro on Track to be a Top Performer for 2013
Euro continues on track to be the top performer of 2013 with today’s performance. Much of that has to do with the fact the issues that have been plaguing the 17-nation currency region — from recession to political problems — are mostly resolved. Or at least have been moved to the back burner. For now, the euro continues to see mostly gains against its major counterparts. Euro is heading higher against the US dollar and the Japanese […]
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December 262013
Chinese Yuan Weakens, Has Chances for Recovery
The Chinese yuan weakened today as last week’s monetary policy decision of the US Federal Reserve continues to hurt the market sentiment, but may yet rebound on prospects for reforms in the Asian nation. The Fed decided to reduce the size of its asset-purchase program during the monetary policy meeting last week. Since then, several US policy makers have talked about additional stimulus reduction and this hurt riskier currencies. The Chinese government […]
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December 262013
Yen Opens Sharply Lower After Holiday
The Japanese yen opened sharply lower today as some policy makers were worried about slowing economic growth. Such worries suggest that the central bank will continue to pursue the path of monetary easing to spur growth. The Bank of Japan policy minutes were rather optimistic as most policy makers were expecting economic expansion to persist. Yet one central bank’s member was worried that the recent slowdown of gross […]
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December 262013
Currency Options Trading Platform
We have finally launched a white-label partnership with London-based ORE Tech Ltd. today (a developer of the optionsReasy web trading platform). We can now offer our own FX options trading solution for visitors of EarnForex.com. You can create a new demo account and start trading vanilla currency options via one of the most user-friendly platforms available online: https://www.optionsreasy.com/EarnForex/en-US/User/New Right now it is only available in English, […]
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