Day: July 14, 2014

July 14
2014

Forex Traders Ready to Risk, Feel No Need for Yen

Investors are feeling somewhat more courageous right now as fears, sparked by the problems in Portugal’s banking sector, waned and speculations resumed about a prolonged period of accommodative monetary policy in the United States. As a result, Forex market participants were less interested in buying safe currencies, including the Japanese yen. Federal Reserve Chairperson Janet Yellen will testify this week, and the market counts on another dovish message that will follow […]

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July 14
2014

Indian Rupee Falls as Importers Step in to Buy Dollars

The Indian rupee fell today as local importers were buying dollars for their needs, while Indian shares demonstrated lackluster performance, suggesting that investors are not particularly interested in the nation’s assets. Analysts speculate that the current weak performance of the rupee can be explained by Indian companies buying dollars to make purchases overseas. Previously, experts were talking about exporters selling dollars as the reason for the currency’s rally. The S&P […]

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July 14
2014

Canadian Dollar Makes Up Some Lost Ground

Canadian dollar is making up some lost ground today, gaining against the US dollar. After disappointing data at the end of last week, the loonie headed lower, but today the Canadian currency is making something of a turnaround. Many Forex traders are looking forward to the interest rate announcement expected from the Bank of Canada on Wednesday. The focus of Wednesday’s Bank of Canada announcement is likely to be the economic commentary that […]

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July 14
2014

Euro Moves Higher In Spite of Draghi Plan and Economic Data

Euro is moving higher today, even though there is a plan from ECB President Mario Draghi to add another $1 trillion to banks, and even though economic data in the eurozone has proved disappointing. Euro is higher today as risk appetite rules Forex trading. Stocks are up in Europe and in the United States, and traders are looking for yield. The euro is gaining ground against its major counterparts, […]

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