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Day: May 19, 2014
May 192014
Week That Should Be Important for British Currency
The Great Britain pound experienced weakness last week, faltering after an impressive rally versus the US dollar. This week is full of important events and may determine the performance of the sterling in the near future. The major reason for the currencyâs weakness was the Inflation Report released by the Bank of England, which damped hopes for an early interest rate hike. The BoE will release minutes of its last monetary policy meeting on May 21. While […]
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May 192014
Euro Recovers with No Help from Fundamentals
The general market sentiment and domestic fundamentals were not supportive for the euro at all. And this makes it very surprising to see the shared 18-nation currency relatively strong today, rising against some of its major peers. The market sentiment was in a risk-off mode, favoring safer currencies as a result. This made the euro lose versus the yen, but did not prevent it to gain on such majors as the Great Britain pound and even […]
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May 192014
Yen Starts Week Strong as Traders’ Sentiment Favors Safety
The Japanese yen started the week strong against other most-traded currencies as the market sentiment favored safer assets, making the yen a desirable currency to have. The currency trimmed its gains as of now but retained its strength. For whatever reason, traders were not particularly optimistic at the start of this week. This helped the yen to rally against various currencies, including the New Zealand dollar and the Great Britain pound. The stock market was […]
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May 192014
US Dollar Falls Back After Chinese Data
US dollar is heading lower today, falling back after the latest Chinese data. Growth concerns in China are weighing on the markets, but that isn’t helping the greenback. Instead, the US dollar is lower almost across the board. The latest Chinese data has many investors and Forex traders concerned about what’s next. However, this isn’t prompting gains for the US dollar as a safe haven. Instead, the greenback is […]
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May 192014
Pound Starts Week Soft Despite Record House Prices
The Great Britain pound has started this week on a weak footing despite very good housing data that showed record growth of home prices. It looks like the traders’ sentiment was not in favor of currencies that are perceived to be relatively risky. The Rightmove House Price Index rose 3.6 percent in May instead of growing by 2.6 percent as was predicted. The report said that it was “the largest […]
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May 192014
NZD Gains on USD with Help of Economic Data, Fails vs. JPY
Fundamental data from New Zealand was positive today, allowing the New Zealand dollar to rally against its US counterpart. The currency remained weak versus the Japanese yen. The output Producer Price Index rose 0.9 percent in the first quarter of 2014 from the previous three months, while the input PPI increased 1.0 percent. Both figures were about twice above the forecast values. The New Zealand dollar had […]
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